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Oil edges lower for fourth day on oversupply concerns

LONDON, Oct 2 (Reuters): Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns about oversupply in the market.Brent crude futures fell 37 cents, or 0.6 per cenr, to $64.98 a barrel at 1127 GMT. Earlier in the session, it hit the...

Gold hovers near record high -

Gold prices rose on Thursday, hovering near record highs, as heightened expectations of further US interest rate cuts this year and political uncertainty on account of a contentious US government shutdown drove demand for the metal, reports Reuters.Spot gold was up 0.5 per cenr at $3,883.69 per ounce by 1134...

LNG demand for ships set to at least double by 2030 globally

SINGAPORE, Oct 2 (Reuters): Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, industry executives said.Massive LNG export projects in the US and Qatar are expected to cause...

L'Oreal taps Saudi Arabia as global beauty innovation launchpad

RIYADH, Oct 2 (Arab News): As Saudi Arabia accelerates its transformation under Vision 2030, the beauty industry is not only keeping pace - it is helping to lead the charge. At the forefront of this dynamic is L'Oreal, whose latest socio-economic impact study, conducted by Asteres, reveals a commitment to...

More pain for US farmers as government shutdown halts payments

WASHINGTON, Oct 2 (Reuters): The US federal government shutdown that began Wednesday will halt some payments to farmers and delay access to federal farm loans, the latest blow for producers already facing low crop prices, record-high debts and a trade war at the height of the fall harvest.The shutdown began...

China, Malaysia in talks for rare earths refinery project

KUALA LUMPUR/BEIJING, Oct 2 (Reuters): China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast Asian nation, people familiar with the matter said.If the joint...