Browsing Category
Commodity
Gold Up Over Weaker Dollar, Investors Await Fed Policy Decision
Gold was up on Monday morning in Asia as the dollar weakened and investors await the U.S. Federal Reserve policy decision due to be handed down later in the week.
Gold futures edged up 0.15% to $1,780.40 by 12:55 AM ET (4:55 AM GMT). The…
French Lawmakers Approve A Ban On Short Domestic Flights
French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions even as the air travel industry reels from the…
Gold Down, Investors Continue To Digest Fed’s Firm Dovish Stance
Gold was down on Friday morning in Asia but was hovering close to a more-than-one-month peak reached during the previous session. An unpleasant surprise jump in the number of U.S. jobless claims also pushed gold towards a weekly gain of…
U.S. Renewable Fuels Market Could Face Feedstock Deficit
Demand for feedstocks from renewable fuel producers is expected to surge in the United States in coming years as companies scramble to expand output.
Energy from material that comes from plants and animals, or biomass, currently accounts…
Malaysia’s Top Glove Says Production Hurt By U.S. Ban
Malaysia's Top Glove said on Thursday its glove production has been affected because of a U.S. ban on its products over allegations they are made with forced labour.
Two units of the world's largest producer of latex gloves were banned…
Crude Oil Prices Slip As Demand Fears Regain Upper Hand
Crude oil prices weakened on Thursday as concerns about the continued rapid spread of Covid-19 in India and South America in particular cast a shadow over the global demand outlook.
By 10:30 AM ET (1430 GMT), U.S. crude futures were down…
Oil Rebounds On Robust Economic Data
Oil prices rose on Tuesday supported by strong economic data from China and the United States, recouping some of the losses from the previous session due to rising OPEC+ supply and infections in India and parts of Europe.
Brent rose 90…
U.S. Lawmakers Urge USTR Tai To Seek Removal Of UK, EU Whiskey Tariffs
Some 50 members of Congress on Monday urged U.S. Trade Representative Katherine Tai to seek removal of 25% tariffs on American Whiskey imposed by the European Union and Britain in retaliation for U.S. tariffs on steel and aluminum.
The…
Oil Tumbles 4%, Reversing Cheer on OPEC+ Output Hike
For better or worse, the world’s oil producers decided last week to defy Saudi Arabia and push for higher output over the next three months. After patting them on the back — even rewarding them — the market is now saying it was definitely…
Oil Prices Fall After Prior Gains Driven By OPEC+ Move
Oil prices slipped on Monday, paring strong gains made in the previous session that was driven by the decision by OPEC+ to gradually ease some of its production cuts between May and July.
Brent crude futures for June fell 96 cents, or…