Investing.com -- Gold snapped a five-week wining streak Friday, but the yellow metal's bullish run likely isn't over yet as tailwinds including central bank demand have more room to go just as the tide of outflows from gold exchange…
By Georgina McCartneyHOUSTON (Reuters) -Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates…
By Sourasis Bose and Nicole Jao(Reuters) -Oil refiner Phillips 66 (NYSE:) reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo, California, refinery weighed on…
Investing.com-- Oil prices settled higher Friday, snapping a two-week losing streak after shrugging off dollar strength following in-line inflation data at a time when geopolitical tensions persist. At 14:30 ET (19:30 GMT), rose…
By Sabrina ValleHOUSTON (Reuters) -U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in prices compared with a year ago.Results at oil and gas firms are still retreating from record levels…
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use.In an…
Yesterday’s first-quarter report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US Treasury yields rose. At first glance, the risk-off response looks…
By Sabrina ValleHOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower prices offset volume gains. Latest results from oil and gas…
ASTANA (Reuters) - Russia and its allies in Asia should expand joint military exercises as they face a direct threat from attempts by the United States to expand its security influence in the region, Russian Defence Minister Sergei Shoigu…
Minister of State Chris Philp was asked a question by an audience member from the Democratic Republic of Congo during BBC One's Question Time.Mr Philp asked in response: " Congo is a different country to Rwanda, isn't it?" - raising…