Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Item 1 of 3 Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo [1/3]Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new …

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India surpasses China to become Russia’s top oil buyer in July

India surpasses China to become Russia’s top oil buyer in July

NEW DELHI, Aug 22 (Reuters) – India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record …

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Fossil fuel phase-out among options on COP28 table

Fossil fuel phase-out among options on COP28 table

Draft COP28 text includes fossil fuel phase out Text adds other options, include no phase out deal Fossil fuel CO2 emissions hit record high in 2023 DUBAI, Dec 5 (Reuters) – Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the U.N. summit’s final deal …

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Stocks retreat after rally with jobs data eyed, yields climb

Stocks retreat after rally with jobs data eyed, yields climb

[1/3]Traders gather at the post that trades Alaska Airlines stock on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Major US averages fall Dollar rises Gold retreats after hitting record high Oil settles down more than 1% NEW YORK, Dec …

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Climate finance takes centre stage at COP28 climate talks

Climate finance takes centre stage at COP28 climate talks

[1/3]People take part in a climate protest coinciding with COP28 being held in Dubai and ahead of the upcoming Belgian presidency of the Council of the European Union, in Brussels, Belgium, December 3, 2023. REUTERS/Johanna Geron Acquire Licensing Rights UAE banking sector pledges $270 bln in green finances by 2030 Saudi leaders skip flagship event, …

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UN chief, COP28 president clash over future of fossil fuels

UN chief, COP28 president clash over future of fossil fuels

Leaders push starkly different hopes for fossil fuels King Charles III of Britain pleads for climate progress COP28 advisor from Marshall Islands quits in protest DUBAI, Dec 1 (Reuters) – U.N. Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future without fossil fuels, saying there was no …

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OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

FILE PHOTO: OPEC’s logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic Acquire Licensing Rights OPEC+ announces no new group cut target for 2024 Instead members led by Saudi Arabia to make voluntary cuts Saudi to roll over 1 million bpd cut into Q1 Russia to cut 500,000 bpd OPEC+ invites Brazil …

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Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rise as OPEC+ meets to discuss supply cuts

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with …

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COP28 opens with plea to work together on fossil fuels

COP28 opens with plea to work together on fossil fuels

[1/4]Attendees arrive for the opening of U.N.’s COP28 climate summit in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing Rights COP28 president says engaging on fossil fuels ‘essential’ Countries and oil companies urged to work together Summit delegates hope for early approval of disaster fund deal DUBAI, Nov 30 (Reuters) – The …

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Treasury yields fall on data, rate cut expectations; dollar gains

Treasury yields fall on data, rate cut expectations; dollar gains

NEW YORK/LONDON, Nov 29 (Reuters) – Treasury yields fell on Wednesday while the dollar gained and MSCI’s global stock index barely rose as U.S. Federal Reserve officials provided mixed messages on monetary policy while third-quarter data provided encouraging signs for the economy. In U.S. equities, the S&P 500 edged lower and Nasdaq dipped while the …

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