Roth MKM trimmed its oil prices forecast for 2024 amid heightened geopolitical risks and declining global oil inventories this summer.
The investment bank’s 2024 oil price estimate now sits at $80 per barrel, down from the previous…
Investing.com-- Gold prices rose in Asian trade on Tuesday, coming within sight of new highs amid increased bets that the Federal Reserve will begin cutting rates from September. But gains in gold were limited by some resilience in…
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Monday as worries about demand in top importer China offset supportive U.S. economic news, OPEC+ supply restraint and ongoing Middle East tensions. futures fell 18 cents, or 0.2%,…
By Sabrina Valle HOUSTON (Reuters) - Former Chevron Corp (NYSE:) chairman and CEO Kenneth T. Derr, who led the company between 1989 and 1999, died on Friday shortly before his 88th birthday surrounded by his family, the company said on…
Investing.com-- Oil prices steadied Monday settled lower as underwhelming growth data from China knocked back optimism on the outlook for demand, but downside momentum was kept in check by ongoing expectations for a U.S. rate cut in…
By Scott DiSavino and Arathy Somasekhar NEW YORK/HOUSTON (Reuters) - Freeport LNG plans to restart one of three liquefied trains this week at its Texas facility after the company repairs some damage from Hurricane Beryl, it said on Monday.…
By Tom Polansek and Brijesh Patel (Reuters) -Oklahoma has become the 13th U.S. state to detect bird flu in dairy cows, the U.S. Department of Agriculture confirmed on Monday, though the state said the infection happened months ago. The…
We’ve been here before. Markets price in high odds that the Federal Reserve will soon start cutting interest rates only to learn otherwise. Is this time different? That’s the bet again.
To be sure, there are several compelling reasons to…