Chevron takeover of Hess resurrects multi-billion dollar tax shield
(Reuters) – Chevron’s deal to buy Hess (NYSE:HES) will unlock $15 billion worth of tax benefits that had once been…
Gold prices sink below $1,950 as CPI data looms
Gold prices fell below key levels in Asian trade on Tuesday, as traders pivoted into the dollar before U.S. inflation…
Exclusive-US probes 30 ship managers for suspected Russia oil sanctions violations
(Reuters) – The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects…
Crude oil edges higher; OPEC lifts demand growth forecast
Oil prices edged higher Monday, helped by bullish comments from OPEC, although renewed concerns over waning demand in the United…
Oil wavers on weak demand outlook in US and China, Fed hedging
Oil prices wavered on Monday, as renewed concerns over waning demand in the United States and China, coupled with mixed…
Gold futures dip slightly in India’s MCX market; silver also falls
In the latest trading session, India’s precious metal futures market witnessed a slight downturn. The Multi Commodity Exchange (MCX) of…
Silver prices plunge amid Powell’s hawkish stance and stronger dollar
Silver experienced its most significant drop recently, pressured by Federal Reserve Chair Jerome Powell’s hawkish comments and a strengthened U.S.…
Gold futures rise amid Middle East tensions, Fed’s hawkish stance
Gold futures rebounded on Thursday, November 9, 2023, amidst escalating geopolitical tensions in the Middle East and hawkish comments from…
Climate tech company Heirloom opens US commercial carbon capture plant
(Reuters) -California climate technology company Heirloom on Thursday unveiled what it says is the first U.S. commercial direct air capture…
Explainer-Iran’s expanding oil trade with top buyer China
(Reuters) – China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of…