By Ernest Scheyder YERINGTON, Nev. (Reuters) – Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. Four U.S. copper projects are set to […]
By Peter Hobson LONDON (Reuters) – European finance ministers have rejected a proposal to ease new liquidity rules for banks trading gold, the London Bullion Market Association (LBMA) said. The industry says the planned rules could force some players out of the market. Due to take effect in the European Union around 2022, they form […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets. International Brent crude oil futures were at $61.85 per barrel at 0624 GMT, up 35 cents, or 0.6 percent, from their last close. U.S. […]
By Henning Gloystein SINGAPORE (Reuters) – Amid increasing signs of China’s industrial slowdown in 2019, data this week showing record oil and natural gas imports likely indicates a country at peak energy growth, with its thirst set to wane as the slowdown bites. China’s record intake for both crude oil and liquefied natural gas (LNG) […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. The gloomy economic news has pulled down financial markets across Asia, including crude oil futures. International Brent oil futures were at […]
By Tom Daly BEIJING (Reuters) – Pulp futures endured a dismal trading debut on the Shanghai Futures Exchange (ShFE) on Tuesday as a combination of weak demand and high inventory levels caused prices to plunge by the maximum permitted 10 percent. The contract for the paper-making raw material is China’s 50th commodities futures contract, Fang […]
By Christopher Johnson LONDON (Reuters) – Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. Brent crude oil (LCOc1) was down 70 cents a barrel at $59.78 by 0838 GMT, still above a […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month. Front-month Brent crude oil futures (LCOc1) were at $79.62 a barrel at 0427 GMT, […]
By Christopher Johnson LONDON (Reuters) – Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining before the imposition of new U.S. sanctions and as a hurricane moved across the Gulf of Mexico. Benchmark Brent crude was up 55 cents at $84.46 a barrel by 0730 […]
By Christopher Johnson LONDON (Reuters) – Oil prices steadied on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production. Global crude oil benchmark Brent (LCOc1) was up 20 cents at $81.92 a barrel by 0820 GMT. The contract hit a four-year high of $82.55 this […]
