Investing.com – Against the bullish mantra of Saudi production cuts, the keeper of U.S. energy data has delivered a volley of its own — a three-year peak for U.S. oil output, estimated in its latest weekly report. U.S. oil production was at 12.6 million barrels daily during the most recent…

(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave. After setting 11 new highs for demand last summer, the Electric Reliability Council…

Investing.com — Gold prices hovered at one-month lows on Thursday, while copper prices steadied after steep losses as markets hunkered down ahead of key U.S. inflation data due later in the day. The yellow metal was trading down substantially over the past week, having come under pressure from a stronger…

Investing.com — Oil prices fell slightly on Thursday, retreating from multi-month highs as traders turned cautious ahead of key U.S. inflation data due later in the day, while concerns over sluggish Chinese demand also remained in play. Strength in the , ahead of Thursday’s reading, was the biggest hurdle to…

By Rajendra Jadhav MUMBAI (Reuters) -Demand for palm oil has been increasing as its discount to soyoil and sunoil has grown, driven by the recent price rise in rival oils due to production concerns in the U.S. and supply disruptions from the Black Sea region, industry officials said. This surge…

A look at the day ahead in U.S. and global markets by Amanda Cooper Everyone is laser-focused on U.S. inflation right now. With a relentless set of rate hikes, the Federal Reserve has managed to drive consumer price increases down to 3%, from last June’s 9.1%. Part of the decline…

BEIJING (Reuters) – Two lithium mine auctions in China’s southwestern Sichuan province that began this week have received nearly 7,000 bids, with prices hundreds of times higher than starting levels and rising as of Thursday, a provincial government body said. An auction for a five-year exploration right to the Jiada…

By Julian Luk LONDON (Reuters) – China’s largest private producer Nanfang Nonferrous is due to bring a major new smelter to production by October, more than doubling its capacity, a few months ahead of expectations, four sources with direct knowledge of the matter told Reuters. Used for wiring in electric…

By Evan Garcia TENNESSEE COLONY, Texas (Reuters) – The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food. For the second summer in a row, drought and…

Investing.com — The China bear is lurking again, and that isn’t helping the oil bull — at least not today. Crude prices slid a day after hitting 2023 highs as data showed the Chinese consumer having slipped into deflation. Factory gate prices also extended declines in July in the No.…