Oil prices slump on oversupply concerns as Saudi-led OPEC+ eyes production hike
Investing.com – Oil prices settled sharply lower Thursday as Saudi Arabia reportedly will abandon its unofficial $100 price target as it looks set to proceed with an OPEC+ plan to…
At least two people dead after oil barge sinks in Venezuela, PDVSA says
CARACAS/MARACAIBO (Reuters) -At least two people died and four were declared missing following the sinking of an oil barge operated by a contractor of Venezuelan state-run energy company PDVSA at…
Oil prices: Is OPEC+ about to boost production?
Investing.com — On Thursday, Stifel analysts acknowledged an article from Reuters that said OPEC+ may be gearing up to boost oil production, despite the possibility of driving prices lower in…
At least four people dead after oil barge sinks in Venezuela, report and sources say
CARACAS/MARACAIBO (Reuters) – At least four people have been reported dead following the sinking of an oil barge operated by a contractor of Venezuela’s state-run energy company PDVSA at the…
Dollar down in choppy trading after data; Swiss franc gains following rate cut
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar was down in choppy trading on Thursday after a host of U.S. data indicated a relatively healthy economy, while the Swiss franc…
Chile selects 6 sites for private lithium projects
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) – Chile’s government has selected six priority areas for new lithium extraction projects to be led by private companies, the South…
A golden time to take profits in precious metals: BTIG
Investing.com — BTIG analysts said in a note Thursday that investors should consider taking profits in precious metals, particularly gold and silver, after strong year-to-date gains. While they remain constructive…
Fed’s rate-cutting cycle points to weaker dollar – BoA Securities
Investing.com – The Federal Reserve has started its rate-cutting cycle, and Bank of America Securities continues to expect modest US dollar downside going into 2025. “Although the Fed modestly surprised…
Oil prices slump on worries of more supply from Libya, Saudi Arabia
Investing.com – Oil prices fell sharply Thursday on indications on additional supply from both Saudi Arabia and Libya, overriding increased tensions in the Middle East. At 09:15 ET (13:15 GMT),…
OPEC+ set to go ahead with Dec oil output hike, sources say
By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON (Reuters) – OPEC+ is set to go ahead with a December oil output increase as its impact will be small…
