OTTAWA (Reuters) -Canada will challenge what Ottawa described as an “unfair, unjust and illegal” extension of U.S. import duties on Canadian softwood lumber products, the trade ministry said on Tuesday. The softwood lumber tariffs are the legacy of a decades-long trade dispute over the structure of Canada’s timber sector that…

By Laura Sanicola (Reuters) -Oil prices fell slightly on Tuesday as investors remained focused on the likelihood that China’s economic malaise will keep hobbling demand from the world’s top crude importer. was down 36 cents at $84.10 a barrel by 11:45 a.m. EDT (1545 GMT). The more active U.S. West…

Investing.com — Oil prices steadied Tuesday, as traders continued to fret about China’s lackluster economic recovery while also awaiting more signals on U.S. monetary policy. By 09:35 ET (13.35 GMT), futures traded largely flat at $80.12 a barrel, while the contract dropped 0.1% to $84.34.  China’s economic woes weigh The…

By Jeslyn Lerh and Jacob Gronholt-Pedersen SINGAPORE/COPENHAGEN (Reuters) -Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall, industry executives said. The first green methanol-fuelled container ship, owned by A.P.…

BAGHDAD (Reuters) – Iraq’s oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister’s office told Reuters on Monday. Iraqi oil minister will meet his Turkish counterpart to discuss energy…

(Reuters) -A storm system brewing in the Gulf of Mexico could strengthen into a named storm as it takes aim at the Texas coast, the U.S. National Hurricane Center said on Monday. The system, named Tropical Depression Nine, was about 375 miles (600 km) east-southeast of Port Mansfield, Texas, and…

By Scott DiSavino (Reuters) – Power demand in Texas and other U.S. central states were on track to break records this week, with one region already posting a new high, as homes and businesses crank up their air conditioners to escape another brutal heat wave moving slowly across the country.…

Investing.com — Gold prices rose slightly on Monday, steadying after steep losses over the past four weeks as markets awaited more cues on U.S. monetary policy, while copper prices were flat after a Chinese interest rate cut missed expectations. Focus this week is largely on the on Thursday and Friday,…

By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON (Reuters) – China’s liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market. The beefed-up trading presence of Chinese importers…

By Rod Nickel WINNIPEG, Manitoba (Reuters) – Alberta’s seven-month pause on approving new renewable power projects in the Canadian province has caused four major international companies at various development stages to stop work on their plans, an industry official said. Alberta’s surprise move this month has also prompted some domestic…