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EMEA Natural Gas Update: Futures Rise Nearly 2% Amid Trump's Latest Warning to Iran

European natural gas futures were up on Wednesday after US President Donald Trump warned Iran of consequences for failing to agree to a peace deal by now.The Dutch TTF front-month contract was up 1.64% to 49.545 euros ($57.31) per megawatt-hour, while the UK NBP front-month contract was up 1.58% to 119.040 British pence ($1.59) per therm.In a Truth Social post on Wednesday, Trump said Iran's military was in a "complete and total mess" and accused Tehran of taking too long to negotiate a deal with the US. He said a deal "would have been great for them," while adding that Iran would now "pay the price" instead.This signals a fresh escalation in the conflict that has been raging for over three months, and comes just days after Trump said that a deal could be reached with Tehran over the next "two to three days."Meanwhile, the Strait of Hormuz, which accounted for one-fifth of global LNG flows, remained effectively shut for the 15th week running, with just two vessels transiting over the past 24 hours, according to the Hormuz Strait Monitor.Daniel Hynes, a senior commodity strategist at ANZ, noted that European natural gas markets were on the edge "as global LNG flows to the region have slowed in recent weeks."He attributed this to rising gas imports by China and India in recent weeks. Hynes also warned about additional supply constraints from the workers' strike at the Ichthys LNG plant in Australia, "which accounts for 2% of the world's output."This comes at a time when European gas inventories are already depleted, at just 42.79% of capacity, compared to 51.40% during the corresponding period a year ago, according to Gas Infrastructure Europe.Inventories were also significantly below the five-year average for this period, at 57.1% of capacity, according to the Swiss Federal Office of Energy.

Treasury46d ago

Brief: Bank of Canada Sees Economy Remaining in Excess Supply

S&P/TSX CompositeS&P/TSX Composite$CXY

Wire46d ago

MicroVision to Supply Lidar Technology for Hauling Vehicles

MicroVision (MVIS) said Wednesday that it has signed a master development agreement with a construction and mining equipment manufacturer to develop and integrate lidar technology into autonomous hauling equipment.Financial terms and the name of the manufacturer were not disclosed.The company said the agreement creates a framework for the parties to develop, test and commercialize perception systems for autonomous equipment used in industrial operations.MicroVision said the initial configuration uses two Iris lidar sensors on each hauling truck, with potential future adoption of its Halo sensor platform.The company said development, testing and validation activities are underway to support the customer's future autonomous equipment plans.Price: $0.38, Change: $+0.02, Percent Change: +5.34%

$MVIS

Wire46d ago

Nexalin Study Shows Strong Anxiety and Depression Response in Brazil Trial

Nexalin Technology's (NXL) Brazil trial of its Deep Intracranial Frequency Stimulation platform showed a 77.8% response rate for anxiety, along with improvements in depression, insomnia, and overall quality of life, the company said Wednesday.The eight-week, open-label study conducted at the University of Sao Paulo assessed the company's 15 mA, 77.5 Hz neurostimulation protocol in patients with generalized anxiety disorder and co-occurring insomnia, the company said.Nexalin said the trial demonstrated rapid and sustained improvements in anxiety and depression, with benefits lasting through an 8-week follow-up period, and no serious adverse events, seizures, or mood-switching events were reported.The results support the company's planned product launch and commercial expansion in Brazil and further reinforce its non-invasive neurostimulation platform, it added.Shares of the company were up 1.1% in Wednesday trading.Price: $0.46, Change: $+0.01, Percent Change: +1.11%

$NXL

Treasury46d ago

Brief: Bank of Canada Reiterates Ready to Respond With Rate Changes as Needed

S&P/TSX CompositeS&P/TSX Composite$CXY

Oil & Energy46d ago

US Oil Update: Brent Gains 1% Ahead of Crude Inventory Data

Crude oil futures gained 1% or more on Wednesday as geopolitical friction in the Middle East intensified while traders awaited crude inventory data from the US Energy Information Administration.Front-month West Texas Intermediate crude futures rose 1.4% to $89.43 per barrel, while Brent futures gained 1% to $92.44/bbl.ING analysts said that "oil prices havepartially recovered in early morning trading amid re-escalation between the US and Iran, casting doubts on whether any peace deal might be imminent."On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories dropped by 9.12 million barrels in the week ended June 5.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.Meanwhile, the EIA released its June Short-Term Energy Outlook, trimming its 2026 global oil demand forecast by 1.1 million barrels per day relative to 2025, citing high fuel retail prices and government conservation mandates.The agency expects that restricted shipping flows through the Strait of Hormuz will begin incrementally resuming in the third quarter of 2026.However, the EIA warned that restoration of pre-conflict traffic volumes will take several months, projecting that a complete logistics recovery may drag into early 2027 while some regional production outages persist indefinitely.

Wire46d ago

Eva Live Signs Letter of Intent to Acquire Performance Marketing Firm Psquared

Eva Live (GOAI) said Wednesday that it has signed a letter of intent to acquire performance marketing firm Psquared.Financial terms of the proposed acquisition were not provided.Eva Live said it expects the transaction to help scale its artificial intelligence platform through the integration of media-buying expertise and multi-channel execution capabilities.Price: $2.54, Change: $+0.01, Percent Change: +0.40%

$GOAI

Wire46d ago

UBS Raises Applied Materials Price Target to $570 From $515, Maintains Buy Rating

Applied Materials (AMAT) has an average rating of Buy and mean price target of $526.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $515.00, Change: $+15.79, Percent Change: +3.16%

$AMAT

Treasury46d ago

Brief: Bank of Canada Keeps Rates Unchanged, as Expected

S&P/TSX CompositeS&P/TSX Composite$CXY

Mining & Metals46d ago

Stakeholder Gold Commissions New Quarry in Brazil

Stakeholder Gold's (SRC.V) unit, Mineracao VMC Ltda. (VMC), entered into an agreement to buy a 50% interest and to operate a fully licensed Quarry in Uruoca, Ceara, Brazil for 3-million Brazilian Real or C$763,500, it said on Wednesday.The newly acquired quarry is producing a high-demand quartzite material known commercially as "Taj Mahal." Stakeholder said that several key clients have already placed pre-orders "reflecting strong and immediate buyer interest."The 900,000 Brazilian Real or C$229,050 of the purchase price will be satisfied by way of financing excavating equipment which will be utilized directly in quarry operations, it said. A cash payment of 100,000 Brazilian Real or C$25,450 was made at the time of signing, and a further 600,000 Brazilian Real or C$152,700 is payable within two years of signing the agreement, it added.There is no interest applicable to this deferred payment, said the company. The final balance of 1.4-million Brazilian Real or C$355,300 is payable by VMC over the life of the quarry and may be repaid at any time without interest."This acquisition is expected to significantly increase VMC's revenue in 2026 and beyond, and to create a substantial multiplier effect on sales from the company's other operating quarries," said VMC President Marcus Chase. "We look forward to moving quickly and to delivering value for our shareholders."Site expansion is expected to take between two and four months, after which the new quarry is anticipated to transition into full-scale commercial production at a rate of 200 cubic meters per month, it said.Shares of the company were last seen down 5.3% at $1.61 on the TSX Venture Exchange.Price: $1.61, Change: $-0.09, Percent Change: -5.29%

$SRC.V

Wire46d ago

Optimi Health Completes First Export of Psilocybin to UK

Optimi Health (OPTH) said Wednesday it has completed its first export of naturally derived psilocybin to the UK to support a planned phase 2 clinical trial for patients with treatment-resistant depression.The pharmaceutical company said the shipment includes psilocybin biomass and finished 5mg psilocybin capsules.Price: $4.92, Change: $+0.06, Percent Change: +1.19%

$OPTH

Oil & Energy46d ago

EMEA Oil Update: Oil Futures Rise After Trump Warning to Iran

Crude oil prices gained on Wednesday following a warning by US President Donald Trump to Iran that added to geopolitical tensions fueled by Iranian strikes on US-linked targets across Bahrain, Kuwait, and Jordan.Front-month Murban crude futures were up 1% to $89.16 per barrel, while Brent futures were up 0.8% at $92.17/bbl.Trump on Wednesday warned that Iran will have to pay the price after having taken too long to negotiate a peace deal, in a further escalation in the Iran conflict, Trump said in a post on Truth Social."Traders appear increasingly reluctant to chase prices higher despite the ongoing Middle East conflict, mindful that any reopening of the Strait of Hormuz could trigger a temporary flood of crude oil and fuel exports," Saxo Bank analysts said.However, "The prospect of a sudden release of pent-up supply has tempered bullish sentiment and reduced the market's sensitivity to geopolitical headlines," they added.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories dropped by 9.12 million barrels in the week ended June 5, according to a Bloomberg-compiled survey.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.Meanwhile, the EIA released its June Short-Term Energy Outlook, trimming its 2026 global oil demand forecast by 1.1 million barrels per day relative to 2025, citing high fuel retail prices and government conservation mandates.The agency models that restricted shipping flows through the Strait of Hormuz will begin incrementally resuming in the third quarter of 2026.However, the EIA warned that navigating back to pre-conflict traffic thresholds will take several months, projecting that a complete logistics recovery may drag into early 2027 while some regional production outages persist indefinitely.

Wire46d ago

Vivos Therapeutics Enters Collaboration With Florida Firm to Treat Cardiovascular Patients

Vivos Therapeutics (VVOS) said Wednesday it has signed a collaboration agreement with Florida-based South Palm Cardiovascular Associates to support the formation and operation of AIM Florida.AIM Florida is a management services organization that will provide diagnostic and treatment services for cardiovascular disease patients who also suffer from obstructive sleep apnea and insomnia, the company said.AIM Florida's operating plan calls for the initial establishment of a sleep optimization team to serve about 250 patients a month and generate more than $6 million a year, with contribution margins of nearly 50% once fully deployed, Vivos said.More teams are expected to be added over time to meet projected demand, the company said.

$VVOS

Commodities46d ago

Market Chatter: Alberta Highlights Fossil Fuel Advantage to Attract Data Center Projects

Canada's Alberta province is touting its reserves of cheap fossil fuel to attract data center investments, a move that contradicts the country's plan to integrate its clean energy expansion with development of new data centers, Reuters reported on Tuesday.Alberta accounts for almost 60% of natural gas production in Canada, which is in turn the fifth-largest producer of the fuel in the world.In addition to its abundant fossil fuel reserves, Alberta's cooler climate that helps lower cooling costs and ample land resources make the province a cost-efficient option for data center operations compared to US, the report said.A surge in data centers could also provide a new market for Western Canada's natural gas producers, who are experiencing a multi-year supply glut.However, a rapid expansion could obstruct Canada's plans to rely on electricity generated through cleaner hydro, renewables and nuclear sources to support the AI boom, the report said.Currently, only five operational hyperscale data centers are present in Canada, each requiring at least 50 megawatts of electricity capacity, which is enough to meet the power needs of a small town.However, almost 100 more such centers are in the pipeline, almost 90% of them in Alberta, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Wire46d ago

Micron Technology Selects Bechtel as Construction Partner for New York Semiconductor Manufacturing Facility

Micron Technology (MU) has selected Bechtel as its engineering, procurement and construction partner for the first phase of its memory manufacturing complex in Clay, New York, the semiconductor company said Wednesday.Micron said it targets the complex to become the largest semiconductor manufacturing facility in the US.The company plans to invest up to $100 billion over the next 20-plus years to construct the facility, with a first-phase investment of $20 billion planned by the end of the decade, Micron previously said.Price: $903.48, Change: $-32.42, Percent Change: -3.46%

$MU

Commodities46d ago

Petronas Signs 20-Years LNG Export Deal With Jera

Malaysia's Petronas has secured a major 20-year LNG supply agreement with Japan's Jera for up to 2 million tonnes per annum beginning in 2028, the company said on Tuesday.Deliveries will utilize Petronas' new generation of 174,000-cubic-meter LNG carriers, which feature enhanced emissions controls to comply with stricter International Maritime Organization standards.Separately the company also restructured several key upstream oil and gas assets in Peninsular Malaysia and Sarawak to optimize production and ensure long-term domestic energy security.As part of this partnership-led strategy, EnQuest Petroleum Production Malaysia will assume operatorship and participating interests in the Balingian, SK8, and D35 Production Sharing Contracts, while joining the PM6/12 PSC as a non-operating partner.

Mining & Metals46d ago

AutoCanada Completes Acquisition of Mascarin Collision Centre

AutoCanada (ACQ.TO) on Wednesday announced the completion of its acquisition of Mascarin Collision Centre, a collision repair business based in Thunder Bay, Ontario.The business holds OEM certifications across more than 10 brands, including Volkswagen, Honda, Toyota, Ford, General Motors, and Subaru, said the company, and added that Mascarin is the only General Motors-certified collision repair facility in Northwestern Ontario."Mascarin Collision Centre is an excellent addition to our growing collision platform," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "The business has built a trusted reputation over decades of serving customers and maintaining strong relationships with insurers and OEM partners. Its experienced team, strong market position, and OEM-certified capabilities provide a solid foundation for future growth."Price: $22.71, Change: $+0.04, Percent Change: +0.18%

$ACQ.TO

Equities46d ago

Natural Gas Rises Despite Cool Long-Term Forecasts

Natural gas traded higher early on Wednesday rising after three days of losses even as long-term forecasts expect mild weather on the way for most states, easing cooling demand.Gas for July delivery was last seen up US$0.09 to US$3.23 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect most states to see seasonal or cooler temperatures over the next six to 14 days, easing the call on power for air conditioning.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

$NGN6$UNG

Mining & Metals46d ago

Sonoro Gold Closes C$15.5 Million Private Placement

Sonoro Gold (SGO.V) raised C$15.5 million after closing a private placement of 62 million units priced at $0.25 per unit, the company said Wednesday.Sonoro plans to use the proceeds for general working capital purposes. The company is advancing the Cerro Caliche gold project in Mexico, where it recently commenced a 50,000-meter drilling program.The company also expanded the project with the acquisition of 11 additional mineral concessions.Each unit consists of one Sonoro common share and one common share purchase warrant. Each warrant can be exercised for $0.34 per share for three years.Insiders of the company participated in the offering by subscribing for 5,524,640 units for $1.4 million in proceeds.

$SGO.V

Commodities46d ago

Devon Energy Raises 2026 Production Outlook to 1.38 Mbpd After Coterra Merger

Houston-based Devon Energy (DVN) expects its 2026 production to average 1.38 million barrels of oil equivalent per day, following the completion of its merger with Coterra Energy.The company also raised its capital spending outlook to $4.9 billion for the whole of 2026, with more than 60% earmarked for the Permian Basin region, across 31 rigs and 10 completion crews, with an estimated 460 to 480 wells set to come online.Prior to the $58 billion merger that closed in May, the company had expected output of 845,000 barrels of oil equivalent per day, with capital expenditures in the range of $3.5 billion to $3.7 billion for the year.Devon is working to concentrate its portfolio around the Permian, aimed at maximizing shareholder gains. It expects to capture $600 million in synergies from the merger in 2027, and is on track for $1.0 billion in pre-tax synergies by end of 2027."Optimizing our portfolio remains a top priority, and a complete review of our strategic and financial criteria is well underway," Devon CEO Clay Gaspar said.In addition to its growing capital expenditures, the company plans to return 70% of its free cash flow to investors in the form of a fixed quarterly dividend of $0.32 per share, alongside its $8 billion stock buyback program that was announced previously.It also plans to pay back $1.25 billion in debt during the year, with its total outstanding debt currently at $8.7 billion, in a bid to bolster balance sheet strength.

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Oil & Energy46d ago