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US government plans to deny emergency requests for three ethane export cargoes to China, Enterprise Products says
HOUSTON, June 4 (Reuters) - Enterprise Products Partners EPD.N on Wednesday said it received notice that the U.S. Commerce Department intends to deny emergency requests for three proposed cargoes of ethane exports to China. The three cargoes of ethane to China total around 2.2 million barrels. The p...Reuters
Wed, Jun 4
METALS-Copper inches down with focus on trade developments
By Ashitha Shivaprasad June 4 (Reuters) - Copper prices eased on Wednesday as tariff worries countered stronger-than-expected U.S. jobs data, while focus stayed on U.S. President Donald Trump's trade negotiations.Three-month copper on the London Metal Exchange CMCU3 was down 0.1% at $9,624.50...Reuters
Wed, Jun 4
Gold price surges on weak US ISM report; trade tensions boost safe haven demand
Gold price rallied over 0.80% on Wednesday during the North American session. The release of weaker-than-expected economic data from the United States (US) pushed XAU/USD higher as business activity softened and the jobs market added fewer people to the workforce.
Fxstreet
Wed, Jun 4
WRAPUP 3-China's rare earth export curbs hit the auto industry worldwide
EU Commissioner says bloc must cut dependence on China for critical mineralsBMW says supplier network affected, but plants running normallySupplier association CLEPA warns of further production outages due to shortagesChina produces around 90% of the world's rare earthsFord CFO says rare earths ...Reuters
Wed, Jun 4
NOAA 'fully staffed' with forecasters, scientists, US Commerce secretary says
WASHINGTON, June 4 (Reuters) - U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is "fully staffed" with weather forecasters and scientists after concerns were raised about some offices losing 24-hour staffing ahe...Reuters
Wed, Jun 4
Canadian oil sands company restarts operations as wildfire risk lessens
CALGARY, June 4 (Reuters) - Canadian Natural Resources CNQ.TO has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region are a safe distance away.The company said its operations will ramp up over the next several days, targeting full production of appro...Reuters
Wed, Jun 4
Production at Brazilian soft drink maker linked to Coca-Cola suspended
BRASILIA, June 4 (Reuters) - Brazilian soft drink company Solar, which produces for Coca-Cola KO.N in the country, has detected a fault in its system, leading production to be suspended as a precautionary measure, Agriculture Minister Carlos Favaro said on Wednesday. All the product may have bee...Reuters
Wed, Jun 4
Sustainable Finance Newsletter - Airlines stand by net-zero, eventually
By Ross Kerber June 4 (Reuters) - It's rarely news when institutions stick to the status quo. But a story about an airline trade group maintaining a 2050 net-zero emissions target caught my eye because it showed how the industry is managing talks about its strategy for the transition to susta...Reuters
Wed, Jun 4
India's Vedanta says Trump's tariffs damaging, seeks import curbs
By Neha Arora June 4 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS said on Wednesday that U.S. President Donald Trump's doubling of aluminium tariffs to 50% poses a threat to the Indian industry already struggling with surging imports.Trump's latest round of tariffs on alu...Reuters
Wed, Jun 4
US distillate fuel demand fell to over 1-year low last week, EIA says
NEW YORK, June 4 (Reuters) - U.S. product supplied of distillate fuel oil, a measure of demand for diesel and heating oil, fell in the previous week to 3.15 million barrels per day (bpd), the lowest since April 2024, data from the Energy Information Administration showed on Wednesday.Product supplie...Reuters
Wed, Jun 4
Brazil agriculture minister: signs show efficient control of bird flu outbreak
By Lisandra Paraguassu BRASILIA, June 4 (Reuters) - Brazil's Agriculture Minister Carlos Favaro said on Wednesday there were strong indications that the world's biggest chicken exporter had efficiently contained a bird flu outbreak which was reported on a commercial chicken farm in mid-Ma...Reuters
Wed, Jun 4
Mexico to announce 'measures' next week if no deal on US metals tariffs
June 4 (Reuters) - Mexico will announce measures next week if there is no agreement reached with the United States on the steel and aluminum tariffs announced, president Claudia Sheinbaum said Wednesday.She also called the U.S. announcement to raise the metals' tariffs to 50% from the 25% introd...Reuters
Wed, Jun 4
Brazil prosecutors try to block $180 million carbon credit deal
By Manuela Andreoni and Ricardo Brito SAO PAULO, June 3 - Brazilian prosecutors are seeking to annul a $180 million carbon offset scheme supporting conservation of the Amazon rainforest, which the state of Para signed last year with a coalition of major corporations and foreign governments, accor...Reuters
Wed, Jun 4
CORRECTED-WRAPUP 10-EU says US trade talks move in right direction, but metals tariffs not helping
Doubled steel tariffs kick inTrading partners urged to submit proposals to avoid 'Liberation Day' tariffsEU trade negotiator says he had 'constructive' talk with US representativeTrump says Xi 'extremely hard to By Julia Payne and Doina Chiacu PARIS, June 4 (Reuters) - Trade t...Reuters
Wed, Jun 4
Saudi Arabia lowers Arab Light July OSP for Asia
June 4 (Reuters) - Saudi Arabia has lowered the official selling price (OSP) for its flagship Arab light crude it sells to Asia in July to $1.20 a barrel above the Oman/Dubai average, according to a pricing document seen by Reuters on Wednesday.The OSP premium for June was $1.40 a barrel.Reuters
Wed, Jun 4
Autoliv CFO: I Expect Inflationary Pressures To Come Down
June 4 (Reuters) - Autoliv Inc ALV.N in a presentation to analysts and media:AUTOLIV: WE ESTIMATE THAT ADDITIONAL TARIFFS ON STEEL, ALUMINUM AND NON-USMCA COMPLIANT PARTS COULD AMOUNT TO AROUND $100 MILLION ANNUALLYAUTOLIV CFO: I EXPECT INFLATIONARY PRESSURES TO COME DOWNReuters
Wed, Jun 4
Canada labour union Unifor calls for retaliatory tariffs on us steel and aluminium
By Divya RajagopalTORONTO, June 4 (Reuters) - Canada's labour union Unifor, in a statement on Wednesday called for retaliatory tariffs on US steel and aluminium to match the 50% tariff imposed by the U.S. government."Unifor is urging the federal government to act without delay to defend Cana...Reuters
Wed, Jun 4
Mexico will respond if there is no agreement with U.S. on metals tariffs
June 4 (Reuters) - Mexico will announce measures next week if there is no agreement reached with the United States on the steel and aluminum tariffs announced, president Claudia Sheinbaum said Wednesday.She also called the U.S. announcement to raise the metals' tariffs an "unfair measure"...Reuters
Wed, Jun 4
US natural gas prices hold near 3-week high as lower output offsets weaker demand
Canada AECO gas prices drop as wildfires rageUS daily gas output falls to 3-month lowCheniere LNG export plants reduced for maintenanceBy Scott DiSavinoJune 4 (Reuters) - U.S. natural gas futures held near a three-week high on Wednesday as lower output offset forecasts for weaker demand over the nex...Reuters
Wed, Jun 4
