Commodities
Investing.com– Gold prices moved little on Tuesday as the dollar arrested recent losses before key U.S. inflation data due later this week, while copper prices held on to recent gains on hopes that the worst had passed for China’s economy. Bullion prices found some relief in recent sessions as the…
By Jeslyn Lerh SINGAPORE (Reuters) -Brent crude futures held above $90 a barrel on Tuesday, with investors looking out for macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe. November futures rose 22 cents to $90.86 a barrel at 0630 GMT, while…
By Oliver Griffin BOGOTA (Reuters) -Colombia’s government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia’s first-ever…
(Reuters) – The U.S. is estimated to have added 6.4 gigawatts (GW) of small-scale solar capacity in 2022, the most ever in a single year, the U.S. Energy Information Administration (EIA) said on Monday. The capacity of small-scale solar increased from 7.3 GW in 2014, to 39.5 GW by 2022,…
(Reuters) -The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday. Adeyemo defended President Joe Biden’s budget proposal for fiscal 2024, noting that achieving fiscal sustainability would include modest tax increases, boosting tax revenue collections…
Investing.com– Gold prices rose on Monday, taking some relief from a drop in the dollar ahead of key inflation data due this week, while copper prices rose sharply as Chinese inflation data showed some signs of improvement. The yellow metal was nursing a steep loss from last week, as concerns…
A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. markets homing in on this week’s critical August inflation update, Japan threw a curve ball into the piece by signalling a possible early end to its easy money stance just as other G7 central…
ANKARA (Reuters) – Turkish President Tayyip Erdogan called on Western countries to realise their promises to Russia and do their part in order to revive the Black Sea (NYSE:) grain initiative, Turkish media reported on Monday. Speaking to reporters on his flight back from the G20 summit in India, Erdogan…
By Valerie Volcovici (Reuters) – The prime ministers of two small island nations that face ongoing impacts from rising sea levels will appear at legal hearings at an international court in Hamburg, Germany, on Monday, and seek an advisory opinion on the obligations of countries to combat climate change. Prime…
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices eased on Monday as a stronger dollar and economic concerns in China weighed on fuel demand outlook although Brent held above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts. fell 10 cents, or…