Gold prices pause near 7-mth high with PCE inflation data in focus
Gold prices fell slightly on Thursday as a recent rally in the yellow metal appeared to have paused, as markets…
Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support
(Reuters) -Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy,…
Cuban rum makers fret as another dismal sugar harvest looms
(Reuters) – Producers of Cuba’s famous rum are feeling the pinch with local sugar output forecast to remain at record…
Gold prices race to near 7-mth high on dovish Fed speak
Gold prices rose in Asian trade on Wednesday, reaching a near seven-month high as a string of dovish signals from…
Oil slightly higher as OPEC+ awaited, Black Sea storm disrupts supply
(Reuters) – Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output…
OPEC+ moving closer to compromise with African producers, sources say
(Reuters) – OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, four OPEC+ sources…
Oil markets grapple with OPEC discord and production quota delays
The energy sector is facing heightened uncertainty as disagreements among OPEC members over production quotas have led to a postponed…
EBRD boosts Naftogaz with €200 million loan for gas reserves
The European Bank for Reconstruction and Development (EBRD) has signed a deal to provide Ukrainian state energy company Naftogaz with…
Oil slips 1% on growing angst over delayed OPEC+ meeting
(Reuters) – Oil prices dipped about 1% on Thursday, extending losses after postponement of an OPEC+ meeting stoked expectations that…
Exclusive-Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny
(Reuters) – Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S.…