News
Important Only
US natgas prices ease on big storage build, low flows to LNG export plants
Last week's storage build biggest since October 2022Gas stockpiles now about 5% above normalLNG export feedgas down in May and June due to maintenanceBy Scott DiSavino June 5 (Reuters) - U.S. natural gas futures eased about 1% on Thursday on a bigger-than-expected storage build and lower gas ...Reuters
Thu, Jun 5
Drillers, unions urge US senators to preserve hydrogen credit
By Timothy Gardner WASHINGTON, June 5 (Reuters) - A coalition of nearly 250 companies and business and labor groups on Thursday urged top U.S. Republican senators to preserve a credit for the emerging hydrogen fuel industry as they hash out President Donald Trump's tax and spending bill. Oil ...Reuters
Thu, Jun 5
Nippon Steel And United States Steel Are On Pace To Finalize Their Deal Ahead Of A Deal Deadline Later This Month - Bloomberg News
June 5 (Reuters) - NIPPON STEEL AND UNITED STATES STEEL ARE ON PACE TO FINALIZE THEIR DEAL AHEAD OF A DEAL DEADLINE LATER THIS MONTH - BLOOMBERG NEWS (ADDS DROPPED WORD 'STEEL')Source text: https://tinyurl.com/3whhnrpnReuters
Thu, Jun 5
PRECIOUS-Gold falls as Xi-Trump call signals thaw in trade tensions; silver hits 13-year high
US non-farm payroll data due on FridayTrump says Fed chief must lower borrowing costsPlatinum drifts nearly 5% higher By Sherin Elizabeth Varghese June 5 (Reuters) - Safe-haven gold reversed course to fall on Thursday after U.S. President Donald Trump and Chinese leader Xi Jinping agreed to furth...Reuters
Thu, Jun 5
GRAINS-Soybean futures rise on US-China trade optimism
Wheat futures rise amid Russia-Ukraine tensionsCorn futures mostly higher but US export pace seen slowingBy Julie Ingwersen CHICAGO, June 5 (Reuters) - Chicago Board of Trade soybean futures climbed to a one-week high on Thursday on optimism about the U.S. trade relationship with China, the world...Reuters
Thu, Jun 5
US ending 'Quiet Skies' airline passenger screening program
WASHINGTON, June 5 (Reuters) - The Trump administration is ending the Transportation Security Administration's "Quiet Skies" aviation security program that designated some passengers for enhanced screening.Homeland Security Secretary Kristi Noem said the program costs $200 million annual...Reuters
Thu, Jun 5
Trump and Carney are in direct communications, says Canadian minister
OTTAWA, June 5 (Reuters) - Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa's bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said on Thursday."We are in a trade war and it's normal that at the sa...Reuters
Thu, Jun 5
Trump budget bill would kill subsidies that made home solar mainstream
Budget bill risks a 40% drop in home solar installsWould end tax credits for solar leasing companies, homeowners Change could hurt manufacturers that supply residential solarSolar firms urge Senate to restore leasing credit before the bill becomes lawBy Nichola Groom June 5 (Reuters) - A last-min...Reuters
Thu, Jun 5
IAEA team at Ukraine's Zaporizhzhia says it heard repeated rounds of gunfire
June 5 (Reuters) - The IAEA's team at Zaporizhzhia nuclear plant in Ukraine heard repeated rounds of gunfire that appeared to be aimed at drones reportedly attacking the site's training centre, the head of the UN's nuclear safety watchdog said in a statement on Thursday.The IAEA team on ...Reuters
Thu, Jun 5
Gold slips as Trump-Xi call eases trade tensions, markets await US NFP
Gold price pared its earlier gains after breaking news revealed that the call between US President Donald Trump and his Chinese counterpart, Xi Jinping, was positive, with the two primarily discussing trade, according to Trump. At the time of writing, XAU/USD trades at $3,350, down 0.72%.
Fxstreet
Thu, Jun 5
US Plains HRW Wheat-Basis bids mostly steady amid demand uncertainty
CHICAGO, June 5 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly stable in the southern U.S. Plains on Thursday amid uncertainty over demand, grain dealers said.The U.S. Department of Agriculture reported net U.S. HRW wheat export sales reductions of 44,400 metric tons for 202...Reuters
Thu, Jun 5
EU wheat drifts as euro, war risks weigh
PARIS, June 5 (Reuters) - European wheat futures were little changed on Thursday, tracking hesitant trade in Chicago as the market weighed strength in the euro, escalation risks in the Russia-Ukraine war and broadly favourable Northern Hemisphere harvest prospects.September milling wheat BL2U5, the ...Reuters
Thu, Jun 5
CORRECTED-CEO seeking to build Pennsylvania LNG terminal meets with White House
Penn America revives project with Trump's returnCEO had meeting at White House on TuesdayUphill battle, analysts say about project near PhiladelphiaBy Jarrett Renshaw, Timothy Gardner and Curtis WilliamsWASHINGTON, June 4 (Reuters) - The CEO of a company seeking to build a liquefied natural gas ...Reuters
Thu, Jun 5
Brazil's BRF confident bird flu crisis will be over soon
By Ana Mano SAO PAULO, June 5 (Reuters) - Brazilian food processor BRF BRFS3.SA is confident local companies will be able to circumvent chicken trade bans in a matter of days as local authorities have so far been able to control a bird flu outbreak in the world's largest chicken-exporting nat...Reuters
Thu, Jun 5
Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, June 5 (Reuters) - Northwest European gasoline profit margins inched down to $15.36 a barrel on Thursday despite lower European stocks.A total of 15,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell, TotalEnergies and Gunvor selling to Trafigura, MB Energy and BP.A ...Reuters
Thu, Jun 5
US Cash Grains-Corn, soy bids steady-mixed at Midwest grain facilities
CHICAGO, June 5 (Reuters) - Spot soybean and corn basis bids were steady to mixed at U.S. Midwest grain facilities on Thursday as dealers and farmers assessed forecasts for crop weather.Summer weather determines crop production and looks largely non-threatening so far, grain dealers said. Farmers ar...Reuters
Thu, Jun 5
Tech giants' indirect emissions rose 150% in three years as AI expands, UN agency says
By Olivia Le PoidevinGENEVA, June 5 (Reuters) - Indirect carbon emissions from the operations of four of the leading AI-focused tech companies, Amazon AMZN.O, Microsoft MSFT.O, Alphabet GOOGL.O and Meta META.O, rose on average by 150% from 2020-2023, as they had to use more power for energy-demandin...Reuters
Thu, Jun 5
EU could approve Mercosur deal by summer, agriculture chief says
By Kate Abnett BRUSSELS, June 5 (Reuters) - The European Union could approve its planned trade deal with South American bloc Mercosur before summer, but it has not yet fixed a date to do so, EU agriculture commissioner Christophe Hansen told Reuters on Thursday."It could be before summer,"...Reuters
Thu, Jun 5
ANALYSIS-The world's auto supply chain is in the hands of a few Chinese bureaucrats
China introduced new rare earth export controls in AprilExport permits must be approved by bureau in Commerce MinistryStaff levels were only recently boosted to 60, sources saySlow pace of approvals hitting the auto industry worldwideBy Laurie Chen and Lewis Jackson BEIJING, June 5 (Reuters) - In...Reuters
Thu, Jun 5
METALS-Copper hits two-month high on supply worries, declining LME stocks
By Eric Onstad LONDON, June 5 (Reuters) - Copper hit its strongest in two months on Thursday, boosted by speculators after prices broke through technical levels as inventories dwindled in London Metal Exchange warehouses and after a big mine in Congo was suspended.Three-month copper on the London...Reuters
Thu, Jun 5
