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The latest commodity market moves as well as developments in the futures markets. Stay up-to-date with breaking commodities news and specifics on major commodities such as crude oil and gold.
By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 local weather summit bumped into additional time on Friday, after a draft deal that proposed developed nations take the lead in offering $250 billion in annual local weather finance by…
By Valerie Volcovici BAKU, Azerbaijan (Reuters) – Russia has included the territories it occupies in Ukraine in its latest greenhouse fuel stock report back to the United Nations, drawing protests from Ukrainian officers and activists on the COP29 local weather…
By Mohamed Ezz and Valerie Volcovici ALEXANDRIA, Egypt/BAKU (Reuters) – Black mud coats streets and collects on rooftops within the neighbourhood adjoining a sprawling cement manufacturing facility within the Egyptian metropolis of Alexandria. Activists and native residents accuse the plant…
Investing.com — The outlook for pure gasoline costs in 2025 stays cautiously optimistic, influenced by a mixture of international demand developments, supply-side constraints, and weather-driven uncertainties. As per analysts at BofA Securities, U.S. Henry Hub costs are anticipated to common…
Investing.cm — Citi Analysis has simulated the results of a hypothetical oil worth surge to $120 per barrel, a situation reflecting potential geopolitical tensions, significantly within the Center East. As per Citi, such a worth hike would lead to a…
By Katy Daigle BAKU, Azerbaijan (Reuters) – This yr’s U.N. local weather summit delivered a deal on local weather finance two days previous deadline, after two weeks of tense negotiations. Listed here are among the takeaways from the COP29 summit…
Investing.com — The continuing Center East battle, marked by escalating tensions and protracted hostilities, stays a vital danger issue for international stability. Analysts at UBS emphasize that whereas the scenario has not but spiraled right into a full-scale regional conflict…
WASHINGTON (Reuters) -U.S. President-elect Donald Trump has chosen Brooke Rollins (NYSE:ROL), president of the America First Coverage Institute, to be agriculture secretary. “As our subsequent Secretary of Agriculture, Brooke will spearhead the hassle to guard American Farmers, who’re actually the…
By Valerie Volcovici, Richard Valdmanis and Karin Strohecker BAKU (Reuters) -When COP29 President Mukhtar Babayev stepped to the rostrum on the closing assembly of the Baku local weather summit on Sunday morning, hoping to clinch a hard-fought settlement on international…
OPEC+ is anticipated to increase its manufacturing cuts slightly than growing output, based on analysts at UBS. This comes forward of the coalition’s scheduled December assembly, the place its members will deliberate on manufacturing insurance policies. UBS notes that present…