Investing.com – President Joe Biden has revived his bid to refill the heavily-drawn US reserve, with the Department of Energy announcing two separate offers of crude purchases on Thursday totaling 6 million barrels, to be delivered between December this year and January 2024. The last time the Biden administration announced…

(This Oct. 19 story has been corrected to fix the name of the Ernst & Young Americas oil and gas leader to Pat Jelinek, not Pet Jelinek, in paragraph 13) By Erwin Seba HOUSTON (Reuters) – A very active Atlantic hurricane season so far this year has not sent storms…

By Andrea Shalal and Philip Blenkinsop WASHINGTON/BRUSSELS (Reuters) -Prospects dimmed on Thursday for agreements ending long-running disputes between the United States and European Union over Trump-era tariffs and U.S. green subsidies after negotiators failed to make any breakthroughs before a White House summit. European Commission chief Ursula von der Leyen…

BEIJING (Reuters) – China’s curbs on exports of gallium and germanium products choked off international shipments of the chipmaking metals for a second consecutive month, customs data for September showed on Friday. China’s exports of wrought germanium products stood at 1 kilogram, versus zero in August after a flurry of…

Investing.com – Gold retained its shine across the safe haven world on Friday, revisiting $2,000 the first time since August and eventually setting a three-month high, as contagion worries from the Middle East’s latest war and the Federal Reserve’s hesitancy to raise US interest rates anymore sent a horde of…

By Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. and European Union trade negotiators failed to reach deals to settle longstanding trade disputes in the run-up to a summit at the White House on Friday, but Washington agreed to continue providing some relief from tariffs on steel and aluminum, with…

VALENCIA, Spain (Reuters) – The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminium, French Trade Minister Olivier Becht said on Friday. U.S. and EU trade negotiators had hoped…

Ana Boata of Allianz (ETR:) Trade warned in an interview on Bloomberg TV on Friday of a potential surge in oil prices due to possible escalation of hostilities between Israel and Hamas, which could lead to a wider Middle East conflict. The potential conflict could disrupt crude supplies, causing oil…

A look at the day ahead in U.S. and global markets from Mike Dolan After a hectic week deciphering a blizzard of economic and corporate updates and a bruising bond yield surge, world markets turn their focus back to Middle East tensions and another weekend of conflict. Of central concern…

VALENCIA, Spain (Reuters) – European Union member states want to close a free trade deal with India, but only if it grants real access to the Asian country’s markets, Spanish Deputy Trade Minister Xiana Mendez said on Friday at an EU meeting chaired by her country. The EU and India…