(Reuters) - Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on…
By Shariq Khan NEW YORK (Reuters) - U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a sell-off in the broader oil market.…
By Arathy Somasekhar (Reuters) -Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports. futures closed down…
Investing.com -- Oil prices slumped to eight-month lows Tuesday, as potential end to a dispute in Libya that has disrupted output and worries about OPEC+ potentially increasing output later this weighed on sentiment. At 14:18 EST…
LONDON/ATHENS (Reuters) - Private companies involved in salvaging the Sounion tanker, which was attacked by Yemen's Houthis in the Red Sea, are exploring other options after the towing operation was deemed unsafe, the European Union's…
(Reuters) - Goldman Sachs has suspended covering zinc markets "for the moment", citing "restricted capacity" following the departure of the sector lead earlier this year. Goldman's metals strategist Nicholas Snowdon has joined Mercuria,…
(Reuters) - Russian President Vladimir Putin received a red carpet welcome on Tuesday on a state visit to Mongolia, whose failure to arrest him under a warrant from the International Criminal Court was criticised by Ukraine as a blow…
Investing.com -- Bank of America strategists on Tuesday reiterated their view that gold prices could hit $3,000 next year.Since late 2023, the BofA commodities team has maintained a bullish stance on gold, projecting that the price could…
Investing.com -- The global lithium market is on the cusp for major shifts, with a new wave of supply entering the market.Analysts at UBS have identified this "second wave" of lithium supply, driven primarily by emerging sources in Africa…
Investing.com - oil futures fell Tuesday, continuing recent losses, on concerns over a potential slowdown in demand from China, a major importer, coupled with the possibility of increased supply from leading producers.By 07:35 EST (11:35…