Commodities
By Michelle Nichols UNITED NATIONS (Reuters) – United Nations Secretary-General António Guterres said on Thursday that he had sent Russian Foreign Minister Sergei Lavrov “a set of concrete proposals” aimed at reviving a deal that allowed the safe export of Ukrainian grain via the Black Sea (NYSE:). Russia quit the…
Investing.com– Oil prices steadied at three-week highs in Asian trade on Friday as the prospect of tighter supplies, stemming from deeper Saudi and Russian production cuts, largely offset concerns over slowing economic growth. Russian Deputy Prime Minister Alexander Novak said on Thursday that Moscow had reached a new deal with…
WASHINGTON (Reuters) – U.S. President Joe Biden called Florida Governor Ron DeSantis on Thursday to convey that he signed a major disaster declaration and ordered all federal resources to help with the response to tropical storm Idalia, the White House said. Read the full article here
Investing.com– Gold prices steadied near three-week highs on Thursday as weak economic readings from the U.S. fueled more bets that the Federal Reserve had little headroom to keep raising interest rates. The yellow metal saw strong gains this week as weak U.S. and readings pulled the dollar and Treasury yields…
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the…
Investing.com– Oil prices steadied near a 10-day high in Asian trade on Thursday as Chinese business activity data offered mixed cues on the world’s largest oil importer, although a weak dollar and signs of tighter supply still presented some upside for crude. Crude prices were sitting on strong gains this…
By Katya Golubkova TOKYO (Reuters) – Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world’s second-biggest economy. futures contract for October and which…
(Reuters) – The Texas power grid operator ERCOT (Electric Reliability Council of Texas) issued an appeal to residents calling for energy conservation from 6 p.m. to 9 p.m. CT on Wednesday. This is be the eighth time this month that the grid operator has urged consumers to conserve energy with…
Investing.com — The world’s love of chocolate — and some very unsavory crop weather — is combining to deliver a prize bonanza to West African cocoa growers. traded on ICE Futures U.S. hit 12-year highs, peaking at $3,640.50 per tonne in Wednesday’s trade, as analysts noted a surge in post-COVID…
Investing.com — U.S. fell by 10.6 million barrels last week, according to a government report on Wednesday that showed a third straight week of such inventory declines as refiners maxed out fuel processing to prepare for this year’s last hurrah in summer travel. The upcoming Labor Day on Sept 4…