By Ana Mano SAO PAULO (Reuters) – A severe drought is disrupting barge traffic on the Tapajos river in the Amazon (NASDAQ:) rainforest, shipping agencies told clients this week as Brazil enters the final months of 2023’s corn export season. “Due to the dry season in the Amazon River, the…

By Jonathan Saul and Ari Rabinovitch JERUSALEM (Reuters) -The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources. Israel has vowed to annihilate Hamas in…

Investing.com– Gold prices fell on Monday, reversing course after increased safe haven demand spurred a series of strong gains in the yellow metal, with focus remaining on any potential spillover from the Israel-Hamas war. The yellow metal saw a touch of profit taking after jumping over 5% in the prior…

By Arathy Somasekhar HOUSTON (Reuters) – Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources (NYSE:) the oilfield’s biggest prize. The CEO concentrated the business, exiting less productive properties…

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation Reduction Act (IRA) and its subsidies for electric vehicles. U.S. President Joe Biden will host European Commission chief…

Although price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution. Disputed reports of a temporary ceasefire in southern Gaza partly stabilised jittery macro prices first thing on Monday. But Israel denied these, bombardment of…

By Nandita Bose WASHINGTON (Reuters) -President Joe Biden will highlight clean-energy jobs created by his climate legislation on Monday while visiting a Colorado Congressional district represented by Lauren Boebert, a right-wing Republican lawmaker and avid supporter of former President Donald Trump. Biden will visit the largest wind tower manufacturer CS…

Investing.com — Oil prices slipped lower Monday, consolidating after recent hefty gains as the conflict in the Middle East continued to raise concerns about disruptions in supply from the world’s biggest oil producing region. By 09:20 ET (13.20 GMT), the futures traded 0.2% lower at $86.19 a barrel, while the…

Investing.com – Crude fell, settling below $90 a barrel Monday, amid signs the global oil supply situation may improve on reports that US sanctions on Venezuela could ease if Caracas agrees to an election date — one of Washington’s prerequisites for normalizing trade and other relations with the South American…

By Philip Blenkinsop BRUSSELS (Reuters) – The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs and increase cooperation on minerals critical to the green transition. The U.S. Chamber of Commerce and BusinessEurope made the call…