Oil prices steady as oversupply expectations offset risks to output
Oil prices steadied on Friday as concern about oversupply and weaker U.S. demand were offset by supply disruption risks from conflict in the Middle East and Ukraine, reports Reuters.Brent crude futures rose 11 cents, or 0.2%, to $66.49 a barrel by 0854 GMT and U.S. West Texas Intermediate crude gained...
Read more
Canada PM names key projects to jumpstart Trump-hit economy
MONTREAL, Sept 12 (AFP): Canada's Prime Minister Mark Carney unveiled his initial list of major national projects Thursday, backing critical minerals, nuclear power and port expansion to bolster an economy threatened by US President Donald Trump.Doubling production of liquified natural gas was also on the list from the prime minister,...
Read more
UBS raises gold price target to $3,800/oz by end-2025
UBS raised on Friday its gold price forecast by $300 to $3,800 per ounce by the end of 2025, and by $200 to $3,900 by mid-2026, citing anticipated Federal Reserve easing and U.S. dollar weakness linked to rate cuts and geopolitical risks, reports Reuters.The Swiss bank also revised its estimate...
Read more
Beijing rolls out 2-year plan to boost power equipment sector
BEIJING, Sept. 12 (Xinhua) : China has introduced a two-year action plan to accelerate the quality growth of its power equipment industry, with measures to promote green and intelligent transformation.The official document outlines multiple development targets for the 2025-2026 period, including an average annual revenue increase of approximately 6 percent...
Read more
