Commodities
By Peter Hobson CANBERRA (Reuters) -A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals…
By Kate Abnett and Marek Strzelecki BRUSSELS/WARSAW (Reuters) – Poland will no longer take the EU to court to attempt to cancel numerous climate change policies, and is preparing to withdraw lawsuits the previous government had filed to do this, sources familiar with the matter told Reuters. After years of…
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by about 2% on Friday and posted weekly losses after U.S. jobs data shrank the odds of imminent interest rate cuts in the world’s largest economy, which could dampen crude demand. Faltering growth in China and the possibility of some easing…
Investing.com — Oil prices fell Friday, to end the week deep in the red as growing optimism over an extended ceasefire in the Israel-Hamas war cooled the supply risks premium baked into prices. By 14:30 ET (19.30 GMT), the futures settled 2.1% lower at $72.28 a barrel and the contract…
By Tom Balmforth KYIV (Reuters) -Two Ukrainian attack drones struck the largest oil refinery in southern Russia on Saturday, a source in Kyiv told Reuters, detailing the latest in a series of long-range attacks on Russian oil facilities. Local authorities in Russia said earlier that a fire had been extinguished…
ANKARA (Reuters) – Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday. Putin is expected to visit Turkey on Feb. 12 to…
Investing.com– Gold prices fell in Asian trade on Monday, extending losses from the prior week as a mix of strong labor market data and hawkish Federal Reserve signals saw markets dial back expectations for early interest rate cuts. The yellow metal fell sharply from highs above $2,050 an ounce, as…
By Amy Lv and Mai Nguyen BEIJING/HANOI (Reuters) – Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind power and as dominant producer China is expected to pull back on expanding output quotas, analysts said. Rare…
By Riham Alkousaa BERLIN (Reuters) -Germany’s government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to…
LONDON (Reuters) – As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like diesel and jet fuel in the next two months as shipowners chase higher profitability, oil analytics firm Kpler said in a LinkedIn post. An “LR2” (long-range 2)…