Commodities

Oil Prices Rise Amid Inflation and Anticipated OPEC Signals

Oil prices experienced a slight increase during Asian trading on Monday, recovering somewhat from significant losses incurred last week. Traders…

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Gold Prices Edge Up After Weekly Losses; Inflation in Focus

Gold prices experienced a slight increase in Asian trading on Monday, recovering some of the losses from the previous week…

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Oil Climbs 1% Ahead of Inflation Data After Lackluster Week, Reports Reuters

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices increased by over 1% in quiet trading on account of public holidays…

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Sri Lanka’s Tea Producers Warn 70% Wage Hike Will Impact Industry – Reuters

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s tea producers expressed strong disapproval on Monday regarding a government directive to…

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Texas Daily Power Demand Sets Record for May Consumption – Reuters

Texas has experienced a surge in daily power consumption, setting a record for the month of May for the sixth…

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Gold Prices Steady as Dollar Weakens Amid Inflation Concerns

Gold Prices Stabilize Amid Upcoming Inflation Data Gold prices remained steady in Asian trading on Tuesday, finding some support from…

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UBS Anticipates Palladium Prices Will Fall to $900

Johnson Matthey, a prominent producer of catalysts, reported a notable undersupply in the palladium market for 2023, with a shortfall…

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Copper Prices Forecast Increased Due to Supply Tightness and Strong Demand

UBS has revised its copper price forecast, citing ongoing supply issues and strong demand as primary factors. The firm observed…

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Colombia Court Upholds Ruling Permitting Companies to Deduct Royalties from Taxes, Reports Reuters

Colombia’s Constitutional Court Upholds Ruling Against Tax Deductions for Oil and Mining Companies BOGOTA – Colombia’s Constitutional Court has denied…

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Industry Groups Urge G7 Nations to Align Climate Ambitions – BDI By Reuters

FRANKFURT – The G7 economic powers are encouraged to align their international climate protection goals with a proposed "climate club"…

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