Oil slips as Gaza ceasefire talks offset strong fundamentals
By Georgina McCartney HOUSTON (Reuters) -Oil prices edged down on Friday as the increasing prospect of a Gaza ceasefire outweighed strong summer fuel demand and potential Gulf of Mexico hurricane…
Oil up as investors eye strong fuel demand, potential supply disruptions
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose on Friday, reaching their highest levels since late April and bouncing back from early June-lows as investors eyed strong summer fuel demand…
China steps up pressure with EU brandy probe hearing as EV tariffs begin
By Joe Cash BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission’s provisional…
Oil prices steady at 2-month highs, set for weekly gains
Investing.com — Oil prices steadied Friday, remaining close to two-month highs as optimism over increased summer demand and speculation over supply disruptions offered support. At 08:00 ET (12:00 GMT), Brent…
ADNOC’s Ruwais LNG to earmark 40% stake to Shell, Total, BP, Mitsui, sources say
By Ron Bousso, Marwa Rashad and Emily Chow LONDON/SINGAPORE (Reuters) – Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project…
Citi revisits its oil prices forecast for 2024
Citi analysts say geopolitical tensions and extreme weather events remain risks for oil prices in the near term. They point to conflicts in the Middle East and Hurricane Beryl as…
Morning Bid: Labor in focus – US jobs, new UK government
A look at the day ahead in U.S. and global markets from Mike Dolan While U.S. markets return from the Independence day holiday to assess significant cooling of the labor…
China reveals next steps in EU brandy probe as EV tariffs take effect
By Joe Cash BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tensions on the same day the European Commission’s…
Dollar slips ahead of payrolls; sterling gains post election
Investing.com – The U.S. dollar retreated in early European trade Friday ahead of the key monthly jobs report, while sterling edged higher after the result of the U.K general election.…
UK election-winner Starmer inherits weak economy with ‘no magic wand’
By William Schomberg LONDON (Reuters) – Britain’s next prime minister Keir Starmer spent the election campaign accusing Rishi Sunak’s Conservatives of “14 years of economic failure”, but he has no…
