By Stephanie Kelly NEW YORK (Reuters) -Oil prices slid over 2% on Wednesday to their lowest in more than three months on concerns over waning demand in the U.S. and China. futures settled down $2.07, or 2.5%, to $79.54 a barrel. lost $2.04, or 2.6%, to $75.33. Both benchmarks hit…

By Nicole Jao NEW YORK (Reuters) – Texas voters passed a constitutional amendment to create a $10 billion energy fund that aims to improve the reliability of power-generating infrastructures in the state. The fund would go toward financing construction of new power-generating facilities and maintenance of existing infrastructure. Some 1.6…

(Reuters) -More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter due to lacking infrastructure, the North American Electric Reliability Corp (NERC) said on Wednesday. In its 2023-24 winter outlook, the regulatory authority…

Investing.com– Gold prices fell to a more-than three-week low on Thursday, extending a rash of recent losses after several Federal Reserve officials warned against bets that the central bank was done raising interest rates. The yellow metal was headed for a fourth straight day in red, amid continued pressure from…

Today, amid coal price volatility, Indian steel manufacturers are negotiating a price increase for auto-grade steel. The proposed hike is Rs 2,000-3000 per tonne for hot rolled coils and Rs 4,500-6,000 per tonne for cold rolled coils. The finalization of these contracts is expected within a fortnight. This move comes…

The UK government has approved a proposal by the Competition and Markets Authority (CMA) to establish a statutory monitoring body for the road fuel industry. The decision follows a recent study revealing significant price increases in petrol and diesel and potential competition issues among fuel retailers. Between May and October…

Investing.com — Oil prices rose Thursday, recovering from near four-month lows although concerns over a slowdown in global crude demand remain. By 03:20 ET (xx.xx GMT), the futures traded 1.1% higher at $76.15 a barrel, while the contract climbed 1.1% to $80.35 a barrel.  Both contracts fell in the previous…

Thursday saw a dip in prices due to reduced energy demand in the United States. However, robust global consumption continues to counterbalance this slump. This information comes amidst ongoing risks to production stability due to tight supply strategies from key producers and potential disruptions from the Israel-Hamas conflict. Despite the…

By Peter Henderson (Reuters) – California climate technology company Heirloom on Thursday unveiled what is says is the first U.S. commercial plant to suck planet-warming carbon dioxide from the air, a milestone in the effort to scale up nascent carbon removal technologies and hit global climate goals. Scientists expect the…

Investing.com – US crude stockpiles possibly rose as much as 1.3 million barrels last week, resulting in another build as well at the storage hub tied to the delivery of oil contracts traded on the New York Mercantile Exchange, petroleum trade group API said Tuesday.  Declines were seen in inventories…