OPEC trims oil demand for next four yrs, says no peak in sight
VIENNA, July 10 (Reuters): OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising consumption in the developing world, and said there was no sign oil use had reached its peak.The OPEC+...
Read more
Gold gains as 'dollar negative' sentiments take hold
Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of US interest rate cuts later in the year, while investors awaited more details on US President Donald Trump's trade policy, reports Reuters.Spot gold was up 0.4 per cent at $3,327.42 per ounce by 1108...
Read more
Copper traders look to Chinese buyers in post Trump-tariff world
BEIJING, July 10 (Reuters): Global copper traders are offering cargoes to Chinese buyers as they look to offload metal no longer able to reach the US before President Donald Trump's 50 per cent copper tariff deadline.Trump said late on Wednesday he would impose the new tariff from August 1 to...
Read more
Oil edges down
LONDON, July 10 (Reuters): Oil prices edged lower on Thursday as investors weighed the potential impact of US President Donald Trump's tariffs on global economic growth.Brent crude futures were down 53 cents, or 0.8 per cent, at $69.66 a barrel by 1210 GMT. US West Texas Intermediate crude fell 62...
Read more
