By Timothy Gardner WASHINGTON (Reuters) -President Joe Biden’s administration on Wednesday announced $3.5 billion in grants for projects to protect the aging U.S. power grid from extreme weather and fires and to connect transmission systems with more electricity from renewable energy sources. The funding for 58 projects across 44 states…

By Valerie Volcovici WASHINGTON (Reuters) – Ten Senate Democrats will ask President Joe Biden’s administration not to include strict rules guiding use of clean hydrogen tax credits that the Treasury Department is due to release by the end of the year, according to a draft of a letter seen by…

By Marcelo Teixeira (Reuters) – Brazil’s commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to increase in southern ports, according to traders, analysts and shipping data. Exporters are reporting delays in coffee shipments…

By Karl Plume CHICAGO (Reuters) – Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern United States this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday. The severe to exceptional drought choking…

Federal Reserve Chairman Jerome Powell’s address at the Economic Club of New York on Thursday sparked a rise in on Comex, reaching their highest settlement since July 31. Amid Powell’s speech, gold for December delivery rallied sharply, settling at $1,980.50 an ounce, up by 0.6%. Powell emphasized the need for…

By Laura Sanicola (Reuters) -Oil prices settled higher on Thursday as traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. futures for December settled up 1%, or 88 cents, at $92.38 a barrel while U.S. West Texas Intermediate (WTI) futures for November, which expire…

Gold prices have seen a significant surge this week, driven by escalating tensions in the Middle East and indications from Federal Reserve Chair Jerome Powell about a possible pause in rate hikes. reached $1,967.70 per ounce, while U.S. climbed to $1,980.60. The ongoing conflict in Gaza, characterized by Israel’s aggressive…

Investing.com – Oil prices rose for a third day in a row as Federal Reserve Chair Jerome Powell’s disinclination to suggest another rate hike despite worrying US inflation tamped down the dollar, handing commodity bulls, including those betting on higher crude prices, a win. Thursday’s 1% rise brought the week-to-date…

Investing.com – Gold kept its upward charge for a third day in a row Thursday as the dollar tumbled on the lack of any immediate support from Federal Reserve Chair Jerome Powell for a rate in November, despite the continued threat of inflation. The risk that war in the Middle…

By Timothy Gardner WASHINGTON (Reuters) – U.S. senators from both parties are readying legislation to help the federal government enforce oil sanctions on Iran, the office of Senator Joni Ernst, a Republican, told Reuters on Thursday. Ernst is spear-heading the bill slated for release on Monday to create a $150…