Tuesday, May 14, 2024
Advertisement
A one kilo gold bar is displayed in a shop in Dubai's gold souk

Gold edges up as virus fears deepen after U.S. travel ban

Spot gold rose 0.2% to $1,637.33 per ounce by 0658 GMT. U.S. gold futures fell 0.3% to $1,637.20. The travel ban “is a big surprise and...
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S.

Oil falls $1 as price war escalates with Saudi plan for higher output capacity

Brent crude was down 96 cents or 2.6% to $36.26 per barrel by 1048 GMT, while U.S. West Texas Intermediate (WTI) crude was off 92 cents or 2.7% at...
Oil prices jumped by around 8% on Tuesday a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible.

Oil jumps after rout on stimulus hopes, Russian signal on OPEC talks

U.S. President Donald Trump on Monday said he will be taking “major” steps to gird the U.S. economy against the impact of the spreading coronavirus outbreak, while Japan’s government...
Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.

Oil drops on demand doubts, fears that producer output cuts not yet agreed

Brent crude fell 49 cents, or 0.98%, to $49.50 per barrel by 0735 GMT, while U.S. West Texas Intermediate (WTI) was down 46 cents, or 1%, at $45.44 per...

Oil rises as OPEC, allies work on big cut

Brent crude LCOc1 was up by 62 cents, or 1.2%, at $52.48 a barrel at 1144 GMT. U.S. West Texas Intermediate (WTI) CLc1 was up by 57 cents, or...
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019.

OPEC gathers in Vienna to discuss further cuts in oil output

The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, agreed in December to a collective cut in output of 1.7...
General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018.

UK plans to include onshore wind, solar in next round of support auctions

Under the so-called contract for difference (CfD) scheme, qualifying projects are guaranteed a minimum price at which they can sell electricity, and renewable power generators bid for CfD contracts...
An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia

Saudi Arabia may slash April oil prices to Asia by most since 2012

Large Saudi crude price cuts for a second straight month indicate that Asia, the world’s fastest growing demand center for oil, is swamped with supplies after the spreading virus...
A view shows the Gazprom Neft's oil refinery in Omsk, Russia February 10, 2020.

Oil falls for fifth day on demand concerns as coronavirus spreads

Brent crude LCOc1 was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT. The contract earlier fell to as low as $52.53, the lowest since Jan....
Oil slipped towards $56 a barrel on Tuesday, falling for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses

Oil slips for 3rd day as virus fears outweigh supply cuts

Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest declines since mid-2016 on concern the coronavirus outbreak could...