Commodities

By Clark Mindock and Timothy Gardner (Reuters) – The White House on Friday proposed reforms to the environmental review process for new energy projects that it said would help speed up permitting for electric transmission and other projects needed to curb emissions linked to climate change. The proposal would revise…

By Alvise Armellini VATICAN CITY (Reuters) -Pope Francis on Sunday called on Russia to reverse its decision to abandon the Black Sea grain deal, under which it had allowed Ukraine to export grain from its seaports despite the ongoing war. Russia walked out of the Black Sea deal on July…

Investing.com — Gold prices kept to a tight range on Monday as investors awaited more major cues on the U.S. economy this week, while copper prices were muted ahead of key economic data from major importer China.  The yellow metal had closed flat for the prior week after Federal Reserve…

Investing.com — Oil prices fell slightly on Monday after weak business activity data from China pointed to worsening economic conditions in the world’s largest oil importer, although the prospect of more stimulus measures in the country kept losses limited. Prices were sitting on five straight weeks of gains, and were…

By Ahmad Ghaddar, Arathy Somasekhar and Trixie Yap LONDON/HOUSTON/SINGAPORE (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said…

(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook. Goldman analysts estimate global oil demand climbed to an…

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Investing.com — Crude oil prices rose Monday, on track for the biggest monthly gains in over a year on expectations of a further tightening in supply as well as U.S. growth optimism. By 09:05 ET (13.05 GMT), the futures traded 0.8% higher at $81.26 a barrel, while the Brent contract…

Investing.com — Using the megaphone to the hilt on its much-ballyhooed oil production cuts, OPEC managed to deliver for July its biggest price gain in 18 months as traders fretted over the specter of squeezed crude supplies this summer. U.S. energy demand, meanwhile, has been relatively underwhelming this month, with…

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