(Reuters) – Wall Street’s top regulator on Tuesday told Congress his agency was working to craft coming regulations so that they spare privately held farmers from having to report their climate emissions when selling products to public companies. The U.S. Securities and Exchange Commission (SEC) is developing highly anticipated new…

(Reuters) – A federal committee on Tuesday recommended imposing royalties on U.S. hardrock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in charge of issuing new mining permits. The proposal was part of a suite of recommendations aimed at…

Investing.com — U.S. possibly rose by 1.2 million barrels in the just-ended week, for the first such climb in five weeks, according to a report by petroleum industry group API that also suggested higher inventories for fuel products that included gasoline and distillates.  The growth in both crude and fuel…

By Marianna Parraga and Elida Moreno PANAMA CITY (Reuters) -The Panama Canal could further reduce the maximum number of authorized daily vessel transits if this year’s drought continues, the waterway’s administrator said on Tuesday. A backlog of ships is waiting to pass through the trans-oceanic canal, which handles an estimated…

By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a court official during a hearing in Delaware on Tuesday. The value of the Houston-based refiner was disclosed during the hearing…

By David Shepardson WASHINGTON (Reuters) -The White House on Tuesday said it strongly opposes a Republican bill set to be voted on this week by the U.S. House of Representatives that would prevent California from receiving federal waivers to set standards limiting the sale of new gas-powered motor vehicles. The…

By Marianna Parraga HOUSTON (Reuters) – A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy more than $20 billion in claims by creditors. Dozens of companies and bondholders have flocked to…

A look at the day ahead in U.S. and global markets from Mike Dolan Both long-term borrowing rates and riskier growth stocks of the Big Tech universe have climbed in tandem this week, a peculiar coincidence in price trends that typically offset each other.    While it’s often dangerous to…

By Alex Lawler LONDON (Reuters) -OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds such as high interest rates and elevated inflation. World oil demand will rise by 2.25…

Investing.com– Oil prices moved little in Asian trade on Tuesday as markets awaited forecasts on supply and demand from an OPEC report due later in the day, although optimism over recent supply cuts kept prices near 10-month highs. Investors were also on edge before key U.S. inflation data due this…