By Erwin Seba HOUSTON (Reuters) -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. futures were…

WASHINGTON (Reuters) – The Biden administration and Venezuelan President Nicolas Maduro’s government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas’ oil industry while opening up Venezuela’s 2024 presidential election, the Washington Post reported on Monday. The Post, citing two people familiar with the…

Investing.com – Gold bulls have been reminded again that it’s hard to put the dollar down for too long. Despite a clear distaste for more rate hikes among Fed officials and Wall Street doing its best to ignore trending inflation, the dollar rallied on Thursday, recouping all it lost in…

By Scott DiSavino and Nichola Groom NEW YORK (Reuters) -New York regulators on Thursday denied requests by European energy firms Orsted (CSE:), Equinor, BP (NYSE:) and other renewable developers to charge customers billions of dollars more under future power sale contracts. The state denial could force some developers whose contracts…

By Ismail Shakil and Nia Williams OTTAWA (Reuters) – The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp’s proposed shipping tolls for its oil pipeline expansion project this autumn, before holding a hearing on the tolls next year. The timing of…

(Reuters) – China’s exports and imports shrank at a slower pace for a second month in September, customs data showed on Friday, adding to the recent signs of a gradual stabilisation in the world’s second-biggest economy thanks to a raft of policy support measures. Outbound shipments in September declined 6.2%…

In a week marked by geopolitical disruptions and speculation around the Federal Reserve’s rate-hike policy, both silver () and gold () posted significant gains. This was the best week for gold in seven months, with spot gold reaching $1,873.25 per ounce and US rising to $1,885.80. Concurrently, silver also saw…

By Laura Sanicola (Reuters) – As the northern hemisphere heads into winter, the U.S. and European oil sectors are counting on rising exports from Chinese refineries to ease tight global supplies of diesel, and jet fuel. China is the world’s top oil importer and largest energy consumer. Typically, energy has…

COPENHAGEN (Reuters) – Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved. Authorities in Finland and Estonia, whose state-run companies own and operate the Balticconnector…

By Luis Jaime Acosta BOGOTA (Reuters) – Colombia’s leftist government will spend $4.25 billion to buy some 1.5 million hectares (3.7 million acres) of land for poor farmers or displaced people, as part of a bid to increase agricultural output and boost peace efforts, an official said. The plan, which…