Oil edges up on signs of strong demand
LONDON, Aug 21 (Reuters): Oil prices edged up on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support.Brent crude futures were up 11 cents, or around 0.2 per cent, at $66.95 a barrel at 1335...
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Gold holds steady as investors strap in for Jackson Hole gathering
Gold prices were steady on Thursday as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium on Friday for signals on the central bank's policy direction, reports Reuters.Spot gold fell marginally at $3,344.66 per ounce, as of 9:43 a.m. ET (1343 GMT). US gold futures for...
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Boeing in talks to sell up to 500 jets to China
Boeing is in talks to sell as many as 500 jets to China, Bloomberg News reported on Thursday, citing people familiar with the matter, according to Reuters.Shares of the US planemaker rose 2 per cent before the market open as the potential order would be China's first major purchase of...
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US resumes import of Venezuelan oil under new licence to Chevron
HOUSTON, Aug 21 (Reuters): Two tankers chartered by Chevron carrying Venezuelan crude reached US waters on Thursday, marking the first US imports of the South American country's oil following a new license granted by Washington, vessel tracking data showed.The US Treasury Department last month issued a restricted license to Chevron...
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China suspends Argentine poultry imports five months after ban lifted
BEIJING, Aug 21 (Reuters): China has suspended imports for Argentine poultry products from August 20, just five months after lifting a two-year ban.The notice of suspension, which was posted on a customs website, did not state a reason for the move or how long the suspension might stay in place....
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India snaps up steeply discounted palm oil from Colombia, Guatemala
MUMBAI, Aug 21 (Reuters): Indian importers for the first time bought palm oil from Colombia and Guatemala as producers sitting on surplus stocks offered cargoes at steep discounts, four trade sources with direct knowledge of the matter said.Indonesia and Malaysia dominate global palm oil supplies and are the main suppliers...
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Fonterra raises annual milk price forecast on stable dairy prices
New Zealand's Fonterra Co-operative Group on Thursday increased its milk price forecast for the 2024/2025 season, banking on stable global dairy prices and solid sales book, reports Reuters.The company increased the midpoint of its annual forecast for farmgate milk price - the price it pays to farmers for milk -...
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