(Reuters) – Japan’s government is considering extending subsidies to curb gasoline prices beyond January next year, Kyodo news agency reported on Wednesday, a move that will likely moderate the pace of inflation in the world’s third-largest economy. The subsidies will last at least until March next year and could be…

European gas prices have risen by 20% on Wednesday, due to a confluence of supply concerns originating from conflicts in Israel and Ukraine, as well as potential sabotage on the Balticconnector pipeline. The pipeline, operated by Finnish transmission operator Gasgrid, is under scrutiny with NATO closely monitoring the situation due…

Gold prices in Pakistan witnessed a significant increase on Wednesday, according to reports from the All-Pakistan Gems and Jewellers Association (APGJA) and the All Sindh Sarafa Jewellers Association. The per tola price of 24 karat gold in Islamabad rose by Rs. 5,500 to Rs. 205,500 from Rs.199,500 on the previous…

Analysts and traders anticipate a rise in U.S. commercial crude oil inventories by an average of 900,000 barrels for the week ending Oct. 6, according to a recent survey conducted by the Wall Street Journal. The Department of Energy’s Energy Information Administration (EIA) is set to release this data on…

Gold prices reached a two-week high on Wednesday, driven by declining U.S. Treasury yields and dovish signals from Federal Reserve officials Raphael Bostic and Neel Kashkari. and U.S. ascended to $1,871.52 and $1,885.20 per ounce respectively, with projections suggesting a potential surge to $1,900 per ounce, according to Jim Wyckoff…

Investing.com – Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North Asian customers, notwithstanding its output cuts — an act that’s costing it in price-per-barrel. Crude prices fell almost 3% on Wednesday, hanging on to just little of Monday’s 4% surge…

By Nichola Groom (Reuters) – Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas, will restart its Georgia cell factory next year thanks to incentives in President Joe Biden’s landmark climate law, the company’s president said in an interview. The company is the latest…

(Reuters) – U.S. production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. EIA projected dry gas production will rise to 103.72 billion cubic feet per day (bcfd) in 2023 and 105.13 bcfd in…

(Reuters) – Most U.S. consumers will spend about the same or less than they did last year to heat their homes this winter, depending on where they live and what fuel they use, the U.S. Energy Information Administration (EIA) said in its winter fuels outlook on Wednesday. EIA forecast the…

Investing.com – Oil prices might not be getting the risk premium many thought from the Middle East’s latest conflagtration but gold seems to be acing it, back in its role as a safe haven of choice — especially after the dollar’s crumble this week. Gold’s most-active contract on New York’s…