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Commodities
Brent crude prices slump amid weakened US demand, global consumption remains robust
© Reuters
Thursday saw a dip in prices due to reduced energy demand in the United States. However, robust global consumption continues to counterbalance this slump. This…
US Senate Democrats tee up bill to avert government shutdown
© Reuters. FILE PHOTO: The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo
WASHINGTON (Reuters) - U.S. Senate Majority Leader…
UK government approves new fuel market regulator following price surge
The UK government has approved a proposal by the Competition and Markets Authority (CMA) to establish a statutory monitoring body for the road fuel industry. The decision…
Marketmind: Oil and bond yields try to find toehold
© Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020.…
Indian steel manufacturers propose auto-grade steel price hike amid coal volatility
© Reuters.
Today, amid coal price volatility, Indian steel manufacturers are negotiating a price increase for auto-grade steel. The proposed hike is Rs 2,000-3000 per tonne…
Gold prices hit three-week low as Fed uncertainty persists
© Reuters.
Investing.com-- Gold prices fell to a more-than three-week low on Thursday, extending a rash of recent losses after several Federal Reserve officials warned…
Oil prices rebound after tumbling below $80, demand concerns persist
© Reuters.
Investing.com-- Oil prices rose on Thursday, recovering from near four-month lows as markets remained on edge over a slowdown in global crude demand, especially…
Oil settles at July low, dragging Brent below $80 as OPEC demand talk ignored
© Reuters.
Investing.com — Saudi Arabia and other oil producers can talk all they want about the so-called “demand” for oil. But the market isn’t buying it, sending global…
Texans pass amendment that aims to enhance electric grid reliability
© Reuters. A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo…
Two-thirds of North America could face power shortages this winter -NERC
© Reuters. FILE PHOTO: A PIKE Energy crew makes repairs after ice storms and freezing rain in the south of Texas left thousands without power and turned roadways into ice rinks…