Study Group has a sobering message for copper bulls: Andy Home
LONDON (Reuters) – Copper has rallied hard this week as China’s pledged stimulus package has rekindled investor enthusiasm. Renewed optimism that the world’s largest copper buyer can recover its lost…
Egypt edges towards replacement of food subsidies with cash payments
CAIRO (Reuters) – A forum set up by Egypt’s president began discussing on Monday a possible shift in the country’s subsidy programme towards paying cash directly instead of offering food…
US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
NEW YORK (Reuters) – U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three months, data from the…
Oil prices rise on Middle East conflict, but set for monthly loss
By Laila Kearney and Paul Carsten NEW YORK/LONDON (Reuters) -Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices…
US FTC allows Chevron-Hess deal, bars John Hess from board
By Jody Godoy NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron (NYSE:CVX)’s $53 billion purchase of Hess Corp (NYSE:HES) on Monday, in an order that barred Hess CEO…
Dollar mixed before heavy US data week
By Karen Brettell NEW YORK (Reuters) – The dollar gained against the yen but dipped against the euro on Monday as investors waited on several key U.S. economic data releases…
FTC allows Chevron-Hess deal, bars John Hess from board
WASHINGTON (Reuters) – The U.S. Federal Trade Commission allowed Chevron (NYSE:CVX)’s $53 billion purchase of Hess Corp (NYSE:HES) on Monday, in an order that barred Hess CEO John Hess from…
US natgas prices ease as power outages from Hurricane Helene reduce demand
By Scott DiSavino (Reuters) – U.S. natural gas futures eased about 1% on Monday on a small increase in output over the weekend and forecasts for less demand over the…
Crude oil slip on Chinese demand concerns; little impact from Middle East turmoil
Investing.com — Oil prices edged lower Monday, on track to fall for the third consecutive month on concerns over slowing demand growth despite raised Middle East tensions. By 07:55 ET…
Oil forecasts cut for 5th straight month on demand, OPEC uncertainty: Reuters poll
By Sherin Elizabeth Varghese (Reuters) – Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected…
