Oil prices fall on strong supply outlook
LONDON, Sept 30 (Reuters): Oil prices declined on Monday and were on track to fall for the third month in a row as a strong supply outlook and questions around demand outweighed fears that Israeli strikes in Lebanon and Yemen could escalate conflict in the Middle East.Brent crude futures for...
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Britain's biggest steel works to end production after 100 years
LONDON, Sept 30 (Reuters): Britain's biggest steelworks will end production later on Monday, when the final blast furnace at Port Talbot in Wales will close after more than 100 years of steelmaking, at a cost of almost 3,000 jobs.The closure of the last blast furnace at Port Talbot, once the...
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Gold eases from record high
Gold eased from its recent record high on Monday, but was still set for its biggest quarterly gain in more than eight years on the back of geopolitics and the U.S. Federal Reserve's rate cut, reports Reuters. Spot gold was down 0.6 per cent to $2,641.50 per ounce as of...
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Palm futures decline on stronger ringgit
KUALA LUMPUR, Sept 30 (Reuters): Malaysian palm oil futures ended the month with overall gains, but declined on Monday, marking the second consecutive session of losses as a stronger ringgit weighed on sentiment and traders remained cautious as palm continues to be priced at a premium against rival oils.The benchmark...
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BHP expects copper demand to grow by 1m tonnes a year until 2035
Australian miner BHP expects the world to consume an extra 1 million metric tons of copper per year on average until 2035 due to the adoption of copper-intensive technologies, double the annual volume growth in the past 15 years, reports Reuters. Copper has long been used in the construction, transport...
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