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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%.
Fxstreet
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
Deere must face FTC’s antitrust lawsuit over repair costs, US judge rules
By Mike Scarcella June 9 (Reuters) - Agriculture equipment giant Deere DE.N must face a lawsuit by the U.S. Federal Trade Commission accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs, a U.S. judge has ruled.U.S. District ...Reuters
Tue, Jun 10
US oil output to fall next year, EIA says
NEW YORK, June 10 (Reuters) - U.S. crude oil production will fall next year to about 13.37 million barrels per day (bpd), from around 13.42 million barrels per day this year, the U.S. Energy Information Administration said in its monthly Short Term Energy Outlook report on Tuesday.The forecast marks...Reuters
Tue, Jun 10
METALS-Copper slips on uncertainty over trade talks and demand
By Eric Onstad LONDON, June 10 (Reuters) - Copper prices lost ground on Tuesday as many investors shunned the market in the face of uncertainty over U.S.-China trade talks and how the trade war between the world's two largest economies will hit economic growth and metals demand.Benchmark thre...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
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
Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, June 10 (Reuters) - Northwest European gasoline profit margins edged lower to $14.16 a barrel on Tuesday despite lower volumes.6,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to Glencore.A further 4,000 tons of Eurobob E10 barges traded, with Gunvor and ...Reuters
Tue, Jun 10
China's vice president visits Spain as mutual courtship blossoms
MADRID, June 10 (Reuters) - China's Vice President Han Zheng arrived in Spain on Tuesday for a four-day trip during which he will meet with King Felipe and Prime Minister Pedro Sanchez, a further sign of increasingly close economic and political ties.Han's visit is taking place two months af...Reuters
Tue, Jun 10
Africa Energy sees first output from South Africa's largest gas field by 2033
By Wendell Roelf CAPE TOWN, June 10 (Reuters) - Canada-listed Africa Energy Corp AFE.V is aiming to start production from South Africa's largest gas discovery by 2033, its CEO said on Tuesday, as it forges ahead with a project former operator TotalEnergies walked away from.The company is awai...Reuters
Tue, Jun 10
Outokumpu Announces Updated Financial Targets And Dividend Policy
June 10 (Reuters) - Outokumpu Oyj OUT1V.HE:OUTOKUMPU ANNOUNCES ITS NEW STRATEGY, EVOLVE, TO DRIVE GROWTH AND SHAREHOLDER VALUE, WITH UPDATED FINANCIAL TARGETS AND DIVIDEND POLICYOUTOKUMPU OYJ - TO INVEST EUR 200 MILLION IN NEW LINE IN FINLANDOUTOKUMPU OYJ - TO CLOSE TWO LINES IN KREFELD, GERMANYOUTO...Reuters
Tue, Jun 10
US Cash Grains-Soybean and corn bids mostly steady to up
CHICAGO, June 10 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest river terminals, grain elevators and processing facilities on Tuesday, according to a spot check of locations.The soybean basis improved by 5 cents at a processor in Morristown, Indiana.The cor...Reuters
Tue, Jun 10
US Senate should ease provisions for clean-energy tax credits, Republican senator says
WASHINGTON, June 10 (Reuters) - The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of Utah said on Tuesday.Curtis, one of a handful of Senate Republicans ...Reuters
Tue, Jun 10
