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Stellantis may close factories due to EU fines for carbon emissions
ROME, July 1 (Reuters) - Stellantis STLAM.MI may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets, the head of the Franco-Italian automaker for Europe said on Tuesday.European car manufacturers have to sell more electric vehicles to cu...Reuters
6 minutes ago
US LNG exports fall in June due to plant maintenance
Europe remains favored destination for US LNG exports Slower economic growth in Asia continues to impact demandUS has stepped up its exports to Latin America By Curtis Williams HOUSTON, July 1 (Reuters) - U.S. liquefied natural gas exports fell to their second lowest monthly level for the year i...Reuters
23 minutes ago
Despite last-minute changes, Senate bill deals big blow to renewable energy
By Valerie Volcovici WASHINGTON, July 1 (Reuters) - The U.S. Senate's massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite the removal of some contentious provisions, industry advocates and lawmakers said.The Senate dropped a propos...Reuters
48 minutes ago
PRECIOUS-Safe-haven gold rises over 1% as Trump's tax cut and spending bill passes in US Senate
Gold hits over-one week highTrump's tax-cut bill passes in SenateUS payrolls data due on ThursdayBy Sarah Qureshi July 1 (Reuters) - Gold climbed more than 1% on Tuesday as investors sought safe haven assets after U.S. President Donald Trump's "big, beautiful bill" passed in the S...Reuters
54 minutes ago
Bezos-backed methane tracking satellite is lost in space
Methane more potent than carbon dioxide in short termCapping methane leaks is one of the quickest ways to tackle global warmingEDF says will continue to track methane emissionsBy Valerie Volcovici WASHINGTON, July 1 (Reuters) - An $88 million satellite backed by billionaire Jeff Bezos that detect...Reuters
an hour ago
Oil edges up on signs of strong demand; investors await OPEC+ output decision
Oil rises on positive demand indicators from China, Saudi, RussiaOPEC+ meets on July 6, expected to hike August output by 411,000 bpdInvestors also watching for developments in US trade talksBy Shariq Khan NEW YORK, July 1 (Reuters) - Oil prices edged higher on Tuesday as investors took stock of ...Reuters
an hour ago
Despite last-minute changes, Senate bill deals big blow to renewable energy
By Valerie Volcovici WASHINGTON, July 1 (Reuters) - The Senate's massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite removal of some contentious energy provisions, industry advocates and lawmakers said.The U.S. Senate dropped a pro...Reuters
an hour ago
GRAINS-Corn sinks to contract lows on strong US crop conditions
USDA report shows US corn conditions rated highest since 2018Soybeans also ease as crop conditions hold steadyWheat consolidates after recent lossesBy Karl PlumeCHICAGO, July 1 (Reuters) - U.S. corn futures fell to contract lows on Tuesday as more favorable crop conditions than expected bolstered pr...Reuters
an hour ago
Euronext wheat slips to new lows as euro deepens export gloom
PARIS/HAMBURG, July 1 (Reuters) - Euronext wheat eased on Tuesday to new contract lows as strength in the euro weighed on export sentiment while traders saw limited risks to wheat crops from a heatwave in Europe.September wheat BL2U5 settled down 0.3% at 194.00 euros per metric ton. It earlier fell ...Reuters
an hour ago
Gold price surges past $3,340 amid a firm US Dollar, traders eye key US data ahead
The Gold price rises over 1% as the Greenback pares some of its earlier losses, which sent the US Dollar Index (DXY) to a three-year low. Meanwhile, the US Senate passed the Trump tax bill, which is ready to be sent to the House of Representatives for its approval.
Fxstreet
an hour ago
US LNG exports fall in June due to plant maintenance
Europe remains favored destination for US LNG exports Slower economic growth in Asia continues to impact demandUS has stepped up its exports to Latin America By Curtis Williams HOUSTON, July 1 (Reuters) - U.S. liquefied natural gas exports fell to their second lowest monthly level for the year i...Reuters
an hour ago
Exxon Reports Operations Require Flaring At Beaumont, Texas Complex
July 1 (Reuters) - EXXON MOBIL CORP XOM.NREPORTS OPERATIONS REQUIRE FLARING AT BEAUMONT, TEXAS COMPLEXSOURCE: SOUTHEAST TEXAS ALERTING NETWORK - COMMUNITY ALERTTHE BEAUMONT COMPLEX HOUSES A 612,000 BARREL-PER-DAY OIL REFINERYReuters
2 hours ago
US Cash Grains-Soybean, corn bids higher with farmers reluctant to sell
CHICAGO, July 1 (Reuters) - Spot basis bids for soybeans and corn were steady to higher in the U.S. Midwest on Tuesday as farmers were reluctant to sell amid low futures prices. The soy basis ticked higher at an Ohio elevator and an Iowa processor.The corn basis ticked higher at an Illinois processo...Reuters
2 hours ago
Chile's Codelco secures new lithium quota for SQM partnership
By Fabian Cambero, Daina Beth Solomon SANTIAGO, July 1 (Reuters) - Chile's state-run copper producer Codelco said on Tuesday it has secured regulatory approval for a new lithium quota, clearing one of the remaining hurdles to produce the battery metal through its joint venture wit...Reuters
2 hours ago
US House of Representatives sets Wednesday vote for Trump's spending bill
WASHINGTON, July 1 (Reuters) - The U.S. House of Representatives set debate and a vote for Wednesday for President Donald Trump's sweeping tax-cut and spending bill.The bill passed the Republican-led U.S. Senate on Tuesday, 51-50, with Vice President JD Vance breaking the tie.Reuters
2 hours ago
Exxon Reports Operations Require Flaring At Beaumont, Texas Complex
July 1 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS OPERATIONS REQUIRE FLARING AT BEAUMONT, TEXAS COMPLEXSOURCE: SOUTHEAST TEXAS ALERTING NETWORK - COMMUNITY ALERTTHE BEAUMONT COMPLEX HOUSES A 612,000 BARREL-PER-DAY OIL REFINERYReuters
2 hours ago
Brazil's Oil Output Reaches 3.679 Million Bpd In May - ANP
July 1 (Reuters) - Petroleo Brasileiro SA Petrobras PETR4.SA:BRAZIL'S OIL OUTPUT REACHES 3.679 MILLION BPD IN MAY, UP 10.9% VERSUS PREVIOUS YEAR - ANPBRAZIL'S NAT GAS PRODUCTION HITS 172.3 MILLION CUBIC METERS IN MAY, UP 18,3% VERSUS PREVIOUS YEAR - ANPBRAZIL'S OIL AND NATURAL GAS OUTPU...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline profit margins increase
LONDON, July 1 (Reuters) - Northwest European gasoline profit margins gained 62 cents on Monday to $13.36 a barrel. A total of 22,000 metric tons of Eurobob E5 barges traded, as BP sold to Gunvor, TotalEnergies and Aramco.In the U.S., gasoline demand rose 145,000 barrels per day (bpd) to 8.91 millio...Reuters
2 hours ago
Engie targets speedy renewables growth in Mideast, North Africa
Red Sea Wind Energy has 650 megawatt capacityEngie working on another 900 MW site in EgyptEgypt has faced power shortages, required LNG importsEngie sees MENA region providing bulk of new renewables to 2030By America Hernandez PARIS, July 1 (Reuters) - French utility Engie ENGIE.PA has completed ...Reuters
2 hours ago
KBRA: Insurers entered 2025 hurricane season with enhanced financial strength
By Mia MacGregorJuly 1 - (The Insurer) - U.S. property and casualty insurers are better prepared to weather the 2025 Atlantic hurricane season due to bolstered capital adequacy and reserve positions, according to a KBRA report published on Monday. The report highlighted strengthened balance sheets d...Reuters
2 hours ago
METALS-Copper tests key $10,000 mark on strong China manufacturing data
By Pratima Desai LONDON, July 1 (Reuters) - Copper prices hit three-month highs on Tuesday with growing optimism about demand for the metal, used in power and construction, in top consumer China after the country's stronger manufacturing data.Benchmark copper CMCU3 on the London Metal Exchang...Reuters
2 hours ago
Trump-backed tax-cut and spending bill passes US Senate
WASHINGTON, July 1 (Reuters) - The Republican-controlled U.S. Senate voted on Tuesday to pass a wide-ranging tax-cut and spending bill sought by President Donald Trump, which would cut Medicaid healthcare and food assistance programs for the poor and disabled.Vice President JD Vance cast the tie-bre...Reuters
3 hours ago
US Senate begins voting on Trump tax-cut and spending bill
WASHINGTON, July 1 (Reuters) - The Republican-controlled U.S. Senate on Tuesday began voting on whether to approve a sweeping tax-cut and spending bill President Donald Trump wants enacted by Friday and that Democrats oppose.Reuters
3 hours ago
Greece imposes 20-euro levy on Santorini cruise visitors
By Stamos Prousalis ATHENS, July 1 (Reuters) - Greece introduced a 20-euro ($23) fee on tourists arriving on Santorini by cruise ship on Tuesday to try to rein in overtourism and collect revenues to upgrade the island's infrastructure.The volcanic island in the Aegean Sea attracts about 2 mil...Reuters
3 hours ago
