News
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First crude from Guyana's fourth platform to be exported in Aug-Sep
GEORGETOWN/LONDON, June 10 (Reuters) - The first crude cargo from Guyana's fourth oil production platform, which arrived in the country in April and is being installed, is scheduled to be exported between late August and early September, the government told Reuters on Tuesday.A consortium by U.S...Reuters
Tue, Jun 10
ICE canola futures move little in consolidating market
WINNIPEG, Manitoba, June 10 (Reuters) - Nearby ICE canola futures continued to consolidate near the $710 mark on Tuesday as quiet vegoils markets and a lack of news provided little direction.• January canola RSN5 settled down 80 cents at $709.20 per metric ton. November RSX5 fell $1.40 to $691.20. •...Reuters
Tue, Jun 10
US Plains HRW Wheat-Basis bids remain steady with more rain forecast for the Plains
CHICAGO, June 10 (Reuters) - Spot basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Tuesday as the harvest continued to face delays because of rainy weather, according to analysts. Showers are likely to continue to interrupt wheat harvests in the Plains in the coming ...Reuters
Tue, Jun 10
El Paso Declares Force Majeure At Line No. 1103
June 10 (Reuters) - KINDER MORGAN'S KMI.N PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT LINE NO. 1103 DOWNSTREAM OF PECOS RIVER COMPRESSOR STATION, IN EDDY COUTY, NEW MEXICO AND CULBERSON COUNTY, TEXAS AS IT IDENTIFIED ANOMALIESRELATED: [nAQN2KHBCH]Reuters
Tue, Jun 10
US natgas prices fall 3% to 1-week low on lower demand forecasts
Gas futures premium of November over October hit record highStorage injections hit monthly record high in May Daily gas output on track to drop to four-month lowBy Scott DiSavino June 10 (Reuters) - U.S. natural gas futures fell about 3% on Tuesday to a one-week low, on lowered forecasts for dema...Reuters
Tue, Jun 10
US energy loan office should fund oil, gas, White House aide says
WASHINGTON, June 10 (Reuters) - The U.S. Energy Department's loan office should fund oil and gas infrastructure, a White House aide said on Tuesday, as President Donald Trump's administration moves away from supporting projects designed to curb climate change. "One of the big problems i...Reuters
Tue, Jun 10
GRAINS-US wheat futures sag on crop rating boost; corn, soybeans firm
USDA raises U.S. wheat crop ratings, bolstering yield potentialTrade monitors US-China trade talksCorn, soybean futures anchored by benign US crop weatherBy Julie Ingwersen CHICAGO, June 10 (Reuters) - Chicago wheat futures fell to their lowest level in more than a week on Tuesday as improving U....Reuters
Tue, Jun 10
Barbara weakens to tropical storm after becoming first hurricane of 2025 Eastern Pacific season
By Mia MacGregorJune 10 - (The Insurer) - Hurricane Barbara, which initially formed southwest of Mexico on Monday morning as the first hurricane of the eastern Pacific season 2025 season, has since weakened to a tropical storm and is expected to dissipate by Wednesday evening. According to a Tuesday...Reuters
Tue, Jun 10
EU's new Russia sanctions to target energy sector and banks
EU proposes 18th sanctions package targeting Russia's energy, banks, militaryProposal includes full transaction ban on 22 more Russian banksZelenskiy calls for $30 oil price cap to pressure RussiaBRUSSELS, June 10 (Reuters) - The European Commission proposed on Tuesday an 18th package of sanctio...Reuters
Tue, Jun 10
Cenovus ramping up production at Christina Lake, Alberta oil sands site after shutting for wildfire risk
CALGARY, June 10 (Reuters) - Cenovus Energy CVE.TO is in the process of ramping up production at its Christina Lake oil sands site in Alberta after shutting output due to wildfire risk in early June, its CEO confirmed on Tuesday.Reuters
Tue, Jun 10
NextEra CEO says renewables needed as bridge to expanding gas power
By Valerie Volcovici WASHINGTON, June 10 (Reuters) - Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, NextEra CEO John Ketchum said on Tuesday. Compe...Reuters
Tue, Jun 10
Shell's decision on Phase 2 of LNG Canada will depend on other opportunities, exec says
CALGARY, June 10 (Reuters) - Shell Canada's SHEL.L decision on whether to pursue Phase 2 of LNG Canada will depend on other opportunities that are available, President Stastia West said on Tuesday at a conference. LNG Canada, the country's first LNG export facility, is a joint venture betwee...Reuters
Tue, Jun 10
US energy loan office should fund oil, gas, White House aide says
WASHINGTON, June 10 (Reuters) - The U.S. Energy Department's loan office should fund oil and gas infrastructure, a White House aide said on Tuesday. "One of the big problems is, in the past the ... loan program office has been used for a lot of these renewable projects," Jarrod Agen, a d...Reuters
Tue, Jun 10
US biodiesel, renewable diesel net imports to drop in 2025 due to tax credit change, EIA forecasts
By Stephanie KellyNEW YORK, June 10 (Reuters) - The U.S. will significantly reduce the amount of biodiesel and renewable diesel it imports this year because of a federal tax credit change, the Energy Information Administration forecasted on Tuesday. The tax credit change, known as Section 45Z and es...Reuters
Tue, Jun 10
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoJune 10 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (b...Reuters
Tue, Jun 10
EU wheat breaches 200 euro floor as supply pressure builds
PARIS/HAMBURG, June 10 (Reuters) - Benchmark wheat prices on Euronext fell below the psychological 200 euro floor on Tuesday to a contract low as improving crop prospects in the Northern Hemisphere reinforced expectations of ample supply and export competition next season, traders said.September mil...Reuters
Tue, Jun 10
Oil demand growth to continue, no peak in sight, OPEC Secretary General says
CALGARY, June 10 (Reuters) - Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham AL Ghais said on Tuesday at a conference in Canada. The organization expects a 24% increase in the world's energy needs between now...Reuters
Tue, Jun 10
Gold price steadies above $3,300 as markets cheer progress in US-China talks
Gold price clings to modest gains on Tuesday after bouncing off a daily low near the $3,300 figure as talks between the United States (US) and China appear to be progressing well, improving risk appetite among investors who are driving US equities higher. The XAU/USD trades at $3,328, up 0.10%.
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Tue, Jun 10
JERA close to signing deal for 1 MTPA of LNG from Commonwealth, sources say
By Curtis Williams HOUSTON, June 10 (Reuters) - U.S. liquefied natural gas developer Commonwealth LNG is close to signing a deal with Japan's biggest power generator, JERA, to supply it with 1 million metric tons per annum (mtpa) of LNG from its proposed export facility in Louisiana, two sour...Reuters
Tue, Jun 10
Cheniere seeks expansion of Sabine Pass plant with US regulators
June 10 (Reuters) - Cheniere Energy LNG.N, the largest liquefied natural gas exporter in the U.S., has applied to the Federal Energy Regulatory Commission for permission to expand its Sabine Pass plant, according to a FERC document. Cheniere filed a joint application, dated June 6, to FERC fo...Reuters
Tue, Jun 10
