The oil market is closely watching the developments within OPEC+ as the group prepares for a virtual meeting on November 30 to discuss potential production cuts. This comes in the wake of a significant increase in US crude inventories and amid expectations of a Chinese stimulus that could impact demand.…

Gold’s attempt to stay above the coveted $2000 mark faltered today as trading volumes remained thin due to the Thanksgiving holiday. The precious metal, often sought after as a safe haven, showed a brief rise in early trading but faced challenges in sustaining gains above this psychological threshold. The metal’s…

The energy sector is facing heightened uncertainty as disagreements among OPEC members over production quotas have led to a postponed meeting, stirring unease among oil traders. The internal conflict within the Organization of the Petroleum Exporting Countries (OPEC) has been a key factor in the recent struggle of Oil prices…

Gold prices saw a slight increase today, with trading at $1992 as US markets took a break for Thanksgiving, resulting in lower trading volumes. The precious metal has been supported by a decline in US Treasury yields and a weakening of the US dollar, maintaining its position in the tight…

WASHINGTON (Reuters) – A U.S. appeals court on Wednesday said it struck down the Biden administration’s decision to deny small refiners “hardship waivers” that exempt them from nation’s biofuel mandates, in a win for the refining industry. In July, the Environmental Protection Agency (EPA) denied almost all outstanding petitions from…

The precious metals market in India saw mixed signals today, with spot Gold prices experiencing a slight decline, while futures showed a modest uptick amidst global economic cues. In the major Indian cities of Mumbai and Ahmedabad, Gold was trading between INR 63,120 and INR 63,315 per 10 grams. The…

The relative tranquility in the Forex markets on Thanksgiving Thursday set the stage for a steady performance in oil prices as traders returned from the holiday. WTI oil has held near $76 per barrel, showing little reaction to the quiet movement in the US Dollar. The market’s focus is now…

Investing.com — Oil prices traded in a mixed fashion Friday after the U.S. holiday during the previous season, with traders looking to next week’s OPEC+ meeting for more news about future production levels.  By 08:10 ET (13.10 GMT), the futures traded 0.9% lower at $76.43 a barrel, although there was…

OTTAWA (Reuters) – A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday. The United States had accused Canada of not meeting obligations under…

TUNISIA – Tunisia’s fruit export sector has experienced a significant decline in revenue and shipment volumes from January through November 21, 2023. The North African nation saw its export earnings fall to TND 142.4 million, marking an 18% decrease compared to the previous year. The total volume of fruit exports…