Oil prices rebound after extended tumble, as OPEC+ mulls delay to output increase
By Paul Carsten LONDON (Reuters) -Oil prices rebounded on Wednesday from an extended sell-off, after sources from OPEC+ told Reuters the producer group was discussing delaying a planned output increase…
Yen firms as Wall Street sell-off unsettles investors
By Kevin Buckland and Sruthi Shankar (Reuters) – The Japanese yen firmed against the dollar on Wednesday as investors scurried to safer assets after a sharp sell-off on Wall Street…
Exxon, Abu Dhabi’s ADNOC to partner in delayed Texas hydrogen project
By Sabrina Valle HOUSTON (Reuters) – Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corp (NYSE:XOM)’s proposed low-carbon hydrogen project in Texas, with…
Oil prices rise on OPEC+ output rise delay report
Investing.com – U.S. oil futures rose Wednesday on hopes that a group of major producers will continue limiting supply, in order to support the market weighed by demand growth concerns.…
Ukraine cuts output at nuclear plant after Russian attacks
KYIV (Reuters) – Capacity was reduced at one unit of the South Ukraine nuclear power plant after Russian attacks damaged the country’s electricity transmission system, nuclear firm Energoatom said on…
As China, U.S. climate envoys meet, presidential election casts shadow
By David Stanway SINGAPORE (Reuters) – The outcome of November’s presidential election will loom large over talks in Beijing this week between U.S. climate envoy John Podesta and his Chinese…
Rupee hits record low amid negative global cues; RBI support aids
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed…
OPEC+ discussing delay to planned oil output hike in October, sources say
LONDON (Reuters) -OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told…
Loonie’s Strong Rally May Reverse. Forecast as of 04.09.2024
A capital spillover from the US dollar to its Canadian counterpart amid a decelerating US economy and expectations of the Fed’s monetary expansion dragged USDCAD quotes down. However, the loonie…
Oil prices slip again on demand concerns, possible end to Libya row
By Paul Carsten LONDON (Reuters) -Oil prices fell slightly on Wednesday, hovering at their lowest levels since December after plunging more than 4% the previous day on signs of a…
