By Alexandra Valencia QUITO (Reuters) – Ecuador’s suspension of a decree enabling environmental consultations prior to the licensing of industrial and mining projects has paralyzed investments worth $2 billion, business associations said on Wednesday. The Andean nation’s top court last month suspended the decree from outgoing conservative President Guillermo Lasso…

By Trixie Yap SINGAPORE (Reuters) -Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. futures fell 24 cents to $90.36 a barrel…

Investing.com– Oil prices steadied in early Asian trade on Thursday, sticking to 10-month peaks as signs of another draw in U.S. inventories added to expectations that global crude supplies will tighten further this year. Focus was also on Chinese trade data due later in the day, with particular interest in…

By Jarrett Renshaw and Nichola Groom (Reuters) -The U.S. Interior Department on Wednesday said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump’s term. President Joe Biden, a Democrat,…

(Reuters) – The Texas power grid operator said late on Wednesday it was resuming normal operations after lifting emergency measures, but still encouraged users to reduce power electric use. The Electric Reliability Council of Texas (ERCOT), which serves more than 26 million customers, had earlier declared an Energy Emergency Alert…

By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway’s authority said on…

Investing.com– Gold extended losses on Wednesday as a robust dollar weighed on the yellow metal while market participants awaited more clues on monetary direction from the Federal Reserve. While the yellow metal recovered sharply from five-month lows over the past two weeks, it has struggled to make headway in recent…

By Julia Payne BRUSSELS (Reuters) – The G7 and allies have shelved regular reviews of the Russian oil price cap scheme, people familiar with the matter told Reuters, even though most Russian crude is trading above the limit because of a rally in global crude prices. Russian producers have found…

BERLIN (Reuters) – Climate change is having a measurable impact on air quality and therefore human health, meaning the two must be tackled together and not in isolation, a report released by the World Meteorological Organization (WMO) on Wednesday showed. “Heatwaves worsen air quality, with knock-on effects on human health,…

By Mohi Narayan NEW DELHI (Reuters) -Oil prices ticked up in early Asian trade on Wednesday after rising over 1% in the previous session, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. futures rose by…