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…
Stocks rallied to close out the last week of August. The $6.5 billion buy imbalance, which overwhelmed the market in an illiquid trading session ahead of the three-day weekend, could have had something to do with it.
As we have…
One of Africa's most critical problems is definitional in character. Non-African people think Africa's problem is non-development.
At a point in time, Africa was considered as underdeveloped. At another time, it is argued that Africa…