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Meta signs power agreement with Constellation nuclear plant
By Timothy Gardner June 3 (Reuters) - Meta Platforms META.O on Tuesday said it has struck an agreement with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years, in the Big Tech company's first such deal with a nuclear power plant. WHY ...Reuters
Tue, Jun 3
OPEC+ increases Oil production substantially again, but Oil prices rise nonetheless – Commerzbank
The eight OPEC+ countries with voluntary production cuts decided at the weekend to increase Oil production by 411 thousand barrels per day in July. This was the third such production increase in a row.Fxstreet
Tue, Jun 3
Venezuela's oil exports stable as buyers in China receive more
Venezuela's oil exports to China offset U.S.-authorized sales declineU.S. revoked export authorizations, impacting customersVenezuela exported Boscan heavy crude to Asia after license expirations June 3 (Reuters) - Venezuela's oil exports remained almost unchanged last month as increased ...Reuters
Tue, Jun 3
Russia says situation at Zaporizhzhia plant under control but situation is complex
MOSCOW, June 3 (Reuters) - The situation at the Zaporizhzhia nuclear power plant in Ukraine remains under control, although it remains very complex after an attack by Ukrainian forces on power facilities, theRIA state news agency reported on Tuesday.RIA cited Alexei Likhachev, the head of Russia'...Reuters
Tue, Jun 3
EXCLUSIVE-US made 'tough' requests to Vietnam in trade talks, sources say
US has presented Hanoi with long list of demands, sources sayIf applied, some requests could cut Vietnam's imports from ChinaVietnam relies on exports to US, and imports from Beijing By Francesco Guarascio and Phuong Nguyen HANOI, June 3 (Reuters) - The U.S. has sent a "long" list of ...Reuters
Tue, Jun 3
Japan's gas industry allows gas with carbon capture in 2050 net zero plan
By Yuka Obayashi TOKYO, June 3 (Reuters) - The Japan Gas Association said on Tuesday it would take a more flexible approach in its drive to become carbon neutral by 2050, allowing greater use of natural gas in combination with carbon capture or other decarbonisation measures.The industry group sa...Reuters
Tue, Jun 3
UAE climate fund Altérra backs Absolute Energy in Italy renewables project
Makes $50 million investment in energy firmFollows $100 million investment in French firm NeoenFund aims to make more co-investments, CEO saysBy Virginia Furness and Simon JessopLONDON, June 3 (Reuters) - Alterra, one of the world's biggest private climate funds has made its second direct invest...Reuters
Tue, Jun 3
EUROPE GAS-Prices hold firm on elusive Ukraine ceasefire, muted supply
June 3 (Reuters) - Dutch and British wholesale gas prices were a little firmer on Tuesday morning as weaker demand was offset by ongoing fighting in Ukraine and curtailed supply from Norway and U.S. liquefied natural gas (LNG).The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was u...Reuters
Tue, Jun 3
IATA Director General Says Airlines Will Need To See Evidence Of Peace Before Reconfiguring Their Network, Fly Over Russia
June 3 (Reuters) - IATA DIRECTOR GENERAL: THERE HAS BEEN NO DISCUSSION ABOUT DELAYING NET ZERO TARGETS DATEIATA DIRECTOR GENERAL: FORWARD BOOKING PROFILE FROM EUROPE TO NORTH AMERICA LOOKS FINE, THOUGH SLIGHLTY SOFTER IN Q4IATA DIRECTOR GENERAL: ANY CONSUMER RELUCTANCE CAN ALWAYS BE ADDRESSED THROUG...Reuters
Tue, Jun 3
Silver Price Forecast: XAG/USD bearish correction finds support at $34.00
Silver prices (XAG/USD) are trading lower on Tuesday’s European session, weighed by a somewhat firmer US Dollar, as the risk-off mood witnessed on Monday seems to have eased.The precious metal hit fresh six-month highs on Monday, with the US Dollar hammered by renewed tariff concerns and downbeat USFxstreet
Tue, Jun 3
METALS-London copper falls on concerns over potential US tariff
By Hongmei Li SINGAPORE, June 3 (Reuters) - London copper prices lost ground on Tuesday as concerns over possible U.S. tariffs on the metal weighed, although a weaker U.S. dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 shed 0.7% to $9,554 per metric ton as of 0708...Reuters
Tue, Jun 3
PRECIOUS-Gold retreats from nearly 4-week peak as dollar recovers
Donald Trump and Xi Jinping to likely speak this week, White House saysTrump administration wants countries to detail tariff ratesBy Anmol Choubey June 3 (Reuters) - Gold slipped on Tuesday, retreating from a nearly four-week high, as a modest rise in the U.S. dollar weighed, although uncertainty...Reuters
Tue, Jun 3
COLUMN-BP needs to scrap its Big Oil mentality, and its buybacks: Bousso
BP's net debt reached $27 billion by end of Q1CEO aims to reduce net debt to $14-$18 billion by 2027Shares have underperformed rivals since strategy reset in FebruaryBy Ron Bousso LONDON, June 3 - BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature...Reuters
Tue, Jun 3
PRESS DIGEST - Wall Street Journal - June 3
June 2 (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.- U.S. Federal Emergency Management Agency officials are scrapping a hurricane-response plan that its recently appointed leader, David Richard...Reuters
Tue, Jun 3
