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Iran's Khamenei dismisses US nuclear proposal, vows to keep enriching uranium
Khamenei calls US 'rude and arrogant'Iran's leaders grappling with multiple crisesFive rounds of nuclear talks have not bridged gapsBy Parisa Hafezi, Elwely Elwelly and Jana Choukeir DUBAI, June 4 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that aba...Reuters
Wed, Jun 4
UAE firm IRH agrees to buy controlling stake in Congo tin miner Alphamin
DAKAR, June 4 (Reuters) - International Resources Holding (IRH) said on Wednesday it will acquire a controlling stake in major tin producer Alphamin Resources Corp AFM.V for C$503 million ($367 million), a significant expansion into critical minerals for the Abu Dhabi-based mining company.IRH will p...Reuters
Wed, Jun 4
OPEC output grows in May – ING
ICE Brent hit its highest level since mid-May yesterday, with the front-month contract trading just shy of US$66/bbl. Wildfires in Alberta, Canada, provided a boost to prices. This, at a time when the market is digesting the announced OPEC+ July supply hike.
Fxstreet
Wed, Jun 4
METALS-London copper little changed, US tariff concerns persist
By Hongmei Li SINGAPORE, June 4 (Reuters) - London copper was largely unchanged on Wednesday, with uncertainty over U.S. tariffs on the metal limiting the upside in prices. Three-month copper on the London Metal Exchange CMCU3 fell $2.5 per metric ton to $9,631.5 by 0701 GMT. The most-traded ...Reuters
Wed, Jun 4
TABLE-UAE's Fujairah oil inventory data for week ended June 2
June 4 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended June 2, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, Jun 4
EUROPE GAS-Prices edge lower amid strong wind output
LONDON, June 4 (Reuters) - Dutch and British wholesale gas prices edged lower on Wednesday, after rising the day before, as stronger wind generation offset lower solar output and supply was stable.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched down by 0.20 euro at 35.80 e...Reuters
Wed, Jun 4
FACTBOX-Snapshot of China's critical mineral export controls
By Ashitha Shivaprasad, Amy Lv and Lewis Jackson June 4 (Reuters) - Global automakers are sounding the alarm on an impending shortage of rare earth magnets as China's restrictions on the material vital for the automotive, defence and clean energy industries threaten production del...Reuters
Wed, Jun 4
CORRECTED-FACTBOX-Snapshot of China’s mineral export controls after trade war truce
By Ashitha Shivaprasad, Amy Lv and Lewis Jackson BENGALURU/BEIJING, May 13 (Reuters) - China on Monday agreed to remove recent non-tariff countermeasures against the U.S. as part of its trade war truce with Washington, raising the prospect that its export restrictions on rare earths could soon be...Reuters
Wed, Jun 4
Tullow Oil Signs MOU To Extend Ghana Production Licences
June 4 (Reuters) - Tullow Oil PLC TLW.L:TULLOW OIL PLC - MOU SIGNED TO EXTEND GHANA PRODUCTION LICENCESTULLOW OIL PLC - GHANA, TULLOW, KOSMOS SIGN MOU TO EXTEND PRODUCTION LICENCES TO 2040TULLOW OIL PLC - MOU INCLUDES INVESTMENT OF UP TO $2 BILLION IN GHANAReuters
Wed, Jun 4
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $62.59 per barrel, down from Tuesday’s close at $62.84.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.20 after its previous daily close at $65.43.Fxstreet
Wed, Jun 4
COLUMN-Five charts on key US electricity and power generation trends: Maguire
By Gavin MaguireLITTLETON, Colorado, June 4 (Reuters) - U.S. power producers have lifted output from both fossil fuels and clean energy sources to new highs so far in 2025, on the back of steadily rising energy demand from data centers, businesses and households. Average retail electricity prices ha...Reuters
Wed, Jun 4
Iran's supreme leader says US nuclear proposal undermines its national power
DUBAI, June 4 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the U.S. proposal for a nuclear deal was against Tehran's national power."The U.S. nuclear proposal contradicts our nation's belief in self-reliance and the principle of 'We Can',...Reuters
Wed, Jun 4
Voestalpine FY EBIT EUR 1,300 Million
June 4 (Reuters) - VOESTALPINE AG VOES.VI:FY EBIT EUR 1,300 MILLIONFY PRETAX PROFIT EUR 271 MILLIONFY EBITDA EUR 1,300 MILLION VERSUS. IBES ESTIMATE EUR 1,355 MILLIONFY REVENUE EUR 15,700 MILLION VERSUS. IBES ESTIMATE EUR 15,848 MILLIONFY NET INCOME EUR 179 MILLIONFY HIGH FREE CASH FLOW OF EUR 309 M...Reuters
Wed, Jun 4
Remy Cointreau withdraws its mid-term goals and posts lower annual profits
PARIS, June 4 (Reuters) - French spirits group Remy Cointreau RCOP.PA reported a smaller-than-expected 30.5% drop in annual organic operating profit, withdrew its mid-term goals and said sales would return to mid-to-single-digit growth during the next financial year.The maker of Remy Martin cognac a...Reuters
Wed, Jun 4
PRESS DIGEST - Wall Street Journal - June 4
June 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Several traditional and electric-vehicle makers — and their suppliers — are considering shifting some auto parts manufacturing to China to a...Reuters
Wed, Jun 4
PRESS DIGEST- New York Times business news - June 4
June 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The trade conflict between the U.S. and China is reshaping global supply chains, with tech restrictions posing long-term risks to ...Reuters
Wed, Jun 4
