Investing.com — China, once best friend to commodity bulls, is increasingly turning hostile toward oil longs. U.S. West Texas Intermediate and U.K.’s Brent crude initially fell as much as 2% Tuesday after China’s trade data for July showed exports tumbling at its fastest pace in 3-½ years.  By the close,…

By Gus Trompiz PARIS (Reuters) -French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and Burgundy contrasting that in disease-hit Bordeaux, the French farm ministry said. Overall wine output is projected to be between 44 million…

Investing.com — oil stocks likely rose by over 4 million barrels last week despite intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data. Inventories of gasoline and distillates, meanwhile, saw likely drops, according to the API, or the…

Investing.com — Gold prices steadied near one-month lows on Wednesday as worsening market sentiment and the prospect of more Federal Reserve rate hikes pushed investors into the dollar. Copper prices extended their recent losses as disappointing trade data from top exporter China pointed to weakening demand for the red metal.…

Investing.com — Oil prices fell slightly in Asian trade on Wednesday as data pointed to a large weekly build in U.S. inventories, while weak economic signals from major importer China continued to dent the outlook for demand.  After Chinese trade data disappointed markets on Tuesday, Chinese sank for the first…

By Nichola Groom and Valerie Volcovici (Reuters) -U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade group the Edison…

By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a Reuters analysis of investor forecasts showed. The companies that a decade ago upended global oil and gas markets…

Investing.com – hit seven-month highs of above $3 per mmBtu, or million metric British thermal units, on Wednesday as speculators chased up prices of America’s favorite fuel for indoor cooling and heating amid a reported slow down in production from pipeline issues. By 09:35 ET (13:35 GMT), the front-month September…

Investing.com – stockpiles rose by nearly six million barrels last week — about a third of what they lost the prior week — amid shifts to global supply dynamics from Saudi production cuts aimed at getting more money for a barrel despite weak demand from No. 1 oil buyer China.…

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices hit new peaks on Wednesday with the global Brent benchmark touching its highest since January after a steep drawdown in U.S. fuel stockpiles and Saudi and Russian output cuts offset concerns about slow demand from China. settled $1.38, or 1.6%, higher at $87.55…