Oil prices steady as supply concerns persist, set for August losses
Investing.com– Oil prices moved little in Asian trade on Friday amid persistent concerns over tighter supplies in Libya and Iraq, but were still nursing losses for August as traders feared…
Sterling’s stunning rally keeps twitchy currency markets on edge
By Naomi Rovnick LONDON (Reuters) – Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by…
Kamala Harris says she will not ban fracking as president
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris told CNN on Thursday that she would not ban fracking if elected president. “No, and I made that clear on the debate…
Oil steady as players take stock of Middle East supply concerns
(Reuters) – Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October…
As salvage starts, no oil spilling from tanker set ablaze by Houthis in Red Sea
ATHENS (Reuters) – The EU’s Red Sea naval mission Aspides said on Thursday that no oil spill has been detected on the Greek-flagged oil tanker Sounion in the Red Sea,…
US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Thursday gave a strong endorsement to Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles and…
Trump would axe Biden clean power rules, speed power plant approvals, campaign says
By Timothy Gardner WASHINGTON (Reuters) – Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation’s rising…
Global IT outage in July exacerbated California fuel storage issues, says storage broker
By Shariq Khan NEW YORK (Reuters) – Last month’s CrowdStrike (NASDAQ:CRWD) IT outage that grounded scores of flights created new problems for California’s fuel market, forcing U.S. traders to store…
US dollar gains for 2nd day after GDP backs smaller Fed cut
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Thursday after data showed the world’s largest economy grew a little faster than expected in the second quarter,…
Oil settles up over 1% on worries over supplies from Libya, Iraq
By Shariq Khan NEW YORK (Reuters) – Oil prices rose by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in…
