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Gold prices pared gains on Tuesday after U.S. President Donald Trump confirmed he would meet with Chinese counterpart Xi Jinping at the G20 meeting next week, shining a ray of hope that trade discussions between the world’s two largest economies could advance.
Oil prices turned positive in early morning trade Tuesday as Saudi Arabia reportedly increased the pressure on fellow OPEC members and allies to cut production.
LONDON OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in Vienna, a date range proposed by Iran, OPEC sources said on Tuesday.
MOSCOW Russian Energy Minister Alexander Novak said on Tuesday that Moscow was open to new dates for a meeting of OPEC+ nations, including on July 12, Russian news agencies reported.
Oil prices were lower for a second day on Tuesday, weighed down by worries that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week's tanker attacks.
(Bloomberg) -- OPEC and its allies shifted focus to mid-July for the next meeting to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date.
By Aaron Sheldrick
By Aaron Sheldrick
Gold prices rose on Tuesday in Asia as traders await the highly-anticipated Federal Reserve meeting that is set to kick off later in the day.
Oil prices fell on Tuesday in Asia as OPEC and its allies struggled to set a date for a meeting to discuss output policy.
By Aaron Sheldrick
TOKYO Oil prices steadied on Tuesday, caught between rising tensions in the Middle East and signs that economic growth is being hit by trade tensions between the United States and China.
CARACAS The top trade and supply official at Venezuelan state oil company PDVSA has left the post, according to a recent copy of the government's official gazette, as the OPEC nation's crude exports fall after U.S. sanctions and gasoline supplies dry up.
NEW YORK U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
By Barani Krishnan
NEW YORK U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
By Barani Krishnan
NEW YORK (Reuters) - U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to about 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
By Barani Krishnan
LONDON (Reuters) - Iran's oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering.
Gold prices were little changed on Monday, losing steam after five consecutive sessions of gains as investors turned cautious despite expectations for hints at looser policy from the Federal Reserve on Wednesday.
BRUSSELS (Reuters) - Protectionism across the globe reached a record high last year due to new barriers designed to restrict trade into China and the United States, according to a report by the European Commission published on Monday.
Gold prices were little changed on Monday, losing steam after five consecutive sessions of gains as investors turned cautious despite expectations for hints at looser policy from the Federal Reserve.