US court will not halt power plant emissions rule as states challenge it
By Brendan Pierson (Reuters) – A U.S. appeals court on Friday ruled that a regulation ordering deep cuts in power plants’ carbon emissions can go ahead while it considers a…
Oil down $2 as investors eye Gaza ceasefire hopes
By Georgina McCartney HOUSTON (Reuters) -Oil prices dropped on Friday by more than $2 as investors reacted to renewed hopes of a ceasefire in Gaza, while a strengthened dollar further…
Oil falls $1 a barrel with Gaza ceasefire in sight, easing supply fears
By Georgina McCartney HOUSTON (Reuters) – Oil prices fell on Friday on renewed hopes of a ceasefire in Gaza, while a strong dollar further weighed on the market. Brent crude…
Oil slips as strong dollar, China worries offset supply outlook
By Ahmad Ghaddar LONDON (Reuters) -Oil prices were little changed on Friday as a strong dollar and concern over the economy of top oil importer China were countered by a…
Morgan Stanley sees gold prices rising over $2,600 by Q4
Gold is approaching its record highs, rising 50% from its 2022 lows and 25% since mid-February. According to Morgan Stanley commodity strategists, this surge is driven primarily by the physical…
Champagne makers call for reduced grape harvest after 15% drop in sales
PARIS (Reuters) – France’s champagne producers on Friday called for a cut in the number of grapes harvested this year after sales of the wine fell more than 15% in…
Oil steady as supply outlook offsets strong dollar and China worries
By Ahmad Ghaddar LONDON (Reuters) -Oil prices were little changed on Friday as a strong dollar and concern over the economy of top oil importer China were countered by a…
Oil prices dip on China demand concerns; set for weekly loss
Investing.com– Oil prices fell in Asian trade on Friday, and were headed for a weekly loss amid persistent concerns over slowing demand in top importer China, while sentiment was also…
Asian foreign reserves decline in 2024 first half
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Asia’s foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea…
Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp (NYSE:XOM) has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the…
