By Marianna Parraga HOUSTON (Reuters) – A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said. The South American OPEC…

China’s drive towards self-sufficiency in soybeans, a crucial commodity for human and animal protein consumption, is altering global agricultural trading flows. The push for independence in food security is a response to geopolitical tensions, escalating global food prices due to the COVID-19 pandemic and Russia’s invasion of Ukraine, and historical…

Gold prices have descended from over two-month highs as markets anticipate Federal Reserve Chair Jerome Powell’s imminent speech and react to a rebound in the dollar. dipped 0.1% to $1,946.51 an ounce, while fell 0.5% at $1,958.35 an ounce on Thursday. The recent surge in gold prices was due to…

By Laura Sanicola and Stephanie Kelly WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended. Refiners, which typically produce more distillates such…

By Matt Spetalnick and Marianna Parraga WASHINGTON (Reuters) – The Biden administration on Wednesday broadly eased sanctions on Venezuela’s oil sector in response to a deal reached between the government and opposition parties for the 2024 election – the most extensive rollback of Trump-era restrictions on Caracas. A new general…

By Julia Payne BRUSSELS (Reuters) -G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from Jan. 1, from light-touch self-regulation to strict import measures, laying bare differences that explain why a ban has been so difficult to agree for more than a year, documents…

By Pavel Polityuk KYIV (Reuters) – Ukrainian grain and oilseeds crop sector losses could exceed $3.2 billion in 2023 due to the high cost of logistics as well as fuel and fertiliser price hikes, which threaten to reduce sown areas in the next and coming years, farmers unions said on…

By Gloria Dickie Hurricanes spinning across the Atlantic Ocean are now more than twice as likely to strengthen from a weak Category 1 storm to a major Category 3 hurricane in just 24 hours, new research finds, with U.S. East Coast cities poised to take a critical hit.  Over the…

By Valerie Volcovici WASHINGTON (Reuters) – The governor of California – the largest U.S. state economy and one of the top economies in the world – will travel to China next week for meetings with national and provincial leaders to discuss climate action and other key partnerships. Gavin Newsom’s trip…

By David Randall NEW YORK (Reuters) – A slowdown in the U.S. economy over the remainder of the year due to higher oil prices and the resumption of student loan payments will likely pull benchmark 10-year Treasury yields lower, making call options on the iShares 7-10 Year Treasury Bond (NYSE:)…