MOSCOW (Reuters) – Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other commodities, sources in two major exporting companies told Reuters on Wednesday. The tax, which may be imposed from October and last until the end of 2023, would…

Gold futures marked a significant uptick on Wednesday, settling higher for a fifth consecutive session. This is the longest streak of daily gains since January, according to Dow Jones Market Data. The surge in prices was maintained even after the Federal Reserve’s announcement, with the metal holding onto the bulk…

By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:) expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to rise, executives said on Wednesday. The largest U.S. oil company has been generating strong refining profits…

By Daphne Psaledakis and Humeyra Pamuk NEW YORK (Reuters) – Washington urged JPMorgan to “be patient” before the U.S. bank stopped processing agricultural payments for Moscow after it quit a deal allowing the safe Black Sea (NYSE:) export of Ukraine grain, a senior State Department official told Reuters on Wednesday.…

Crude oil prices have seen a significant drop in the Asian market on Thursday, following the Federal Reserve’s warning of a possible increase in U.S. interest rates. This news has led investors to secure their recent gains, despite an ongoing expectation of a limited supply that could potentially boost crude…

BEIJING (Reuters) -Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing set new conditions on exports from Aug. 1. The ministry has approved applications from some companies that meet relevant requirements, spokesman He Yadong told a regular press briefing,…

The European Central Bank (ECB), the International Energy Agency (IEA), and the European Investment Bank (EIB) are set to meet in Paris on September 29 to address the escalating energy crisis in Europe. The meeting, aimed at devising a unified strategy for a systematic energy transition, comes as Europe grapples…

Oil prices witnessed a decline on Thursday, responding to the potential of an interest rate hike signaled by Federal Reserve officials. The decreased 1.2% to $92.40 per barrel, while the West Texas Intermediate (WTI) dropped 1.3% to $88.57 per barrel. This downturn marks the second consecutive day of losses for…

Oil prices are approaching the $100 per barrel mark this Thursday, with many analysts forecasting that they will surpass this threshold within the year. The escalating cost of oil has been a significant contributor to U.S. inflation, directly affecting gasoline prices and consequently driving consumer prices up. Over half of…

Investing.com — Oil prices rose Thursday, rebounding from the previous session’s sharp losses in the wake of the U.S. Federal Reserve signaling interest rates would stay higher for longer than previously expected. By 09:35 ET (13:35 GMT), the futures traded 1.5% higher at $90.97 a barrel, while the contract climbed…