(This Oct. 26 has been corrected to fix the carbon price to C$170 a tonne, not C$130 a tonne, in paragraph 7) By Ismail Shakil and Nia Williams OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Thursday announced a three-year carbon tax exemption for home and higher carbon tax…

Investing.com – Gold bulls recaptured the $2,000 an ounce territory that had eluded them the past two months as investors sought shelter in safe havens amid increasing worry that Israel would indeed push through with a full ground invasion of Gaza to flush out Hamas militants from the Palestinian land.…

By Chen Aizhu SINGAPORE (Reuters) – China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under a plan to limit total capacity at 1 billion metric tons, or 20 million barrels per day, by 2025.…

A look at the day ahead in U.S. and global markets from Mike Dolan At least one of the so-called “Magnificent 7” of top U.S. megacaps was able to ride to the rescue. After a torrid week for markets, news of the “not too hot or cold” combination of booming…

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday posted a sharply lower $9.1 billion third-quarter profit, missing analysts’ estimates for the second quarter in a row, and off 54% from a year ago. Earnings by the largest U.S. oil producer have benefited from higher prices compared to the…

By Scott DiSavino NEW YORK (Reuters) -Oil prices pared earlier gains on Friday on mixed reports out of the Middle East but remained about 1% higher on worries that tensions in Israel and Gaza could spread into a wider conflict that could disrupt global oil supplies. futures rose 68 cents,…

Investing.com — Oil prices climbed sharply Friday, on concerns of a widening of the Israel-Hamas conflict, potentially impacting supply in this oil-rich region. By 09:30 ET (13.30 GMT), the futures traded 1% higher at $84.03 a barrel, while the contract climbed 0.8% to $88.66 a barrel. Crude rises after U.S.…

Investing.com– Gold prices firmed in Asian trade on Thursday, with futures testing key levels as demand for traditional safe havens helped the yellow metal largely disregard a resurgence in the dollar and yields.  Fears of a potential escalation in the Israel-Hamas war remained in play as missile strikes on Gaza…

By Robert Harvey and Natalie Grover LONDON (Reuters) – U.S. penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away from mainstream tankers, shipping sources and analysts told Reuters. The cap bans…

BEIJING (Reuters) – China’s commerce ministry said on Thursday that recently announced restrictions on graphite exports are not targeted at any specific sector. A ministry spokeswoman was responding to a question at a regular briefing on the purpose of measures requiring export licences for some graphite products from Dec. 1.…