Category: Gold and Commodities

Nord Stream 1 Operator Sends Ship to Survey Pipeline Damage

October 28, 2022
Business & MarketsCompaniesdamageenergyEuropeGold and CommoditiesMarketsNordstreampipelineRussiaRussia-Ukraine WarSurveyWorld
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BERLIN—A ship chartered by the operator of the Nord Stream 1 natural gas pipeline has arrived at the site of last month’s explosions under the Baltic Sea to survey the damage, the company said Thursday. Undersea explosions late last month ruptured Nord Stream 1, which until Russia cut off supplies at the end of August…

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Oil Falls as China Widens COVID-19 Curbs

October 28, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data. Brent crude futures dropped 50 cents, or 0.5 percent, to $96.46 a barrel by 1047 GMT, having climbed by 1.3 percent in the previous session….

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World Shares Lower, Led by 3.7 Percent Drop in Hong Kong

October 28, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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Shares skidded Friday in Europe and Asia, with heavy selling of technology shares pulling Hong Kong’s benchmark 3.7 percent lower. Germany’s DAX dropped 0.9 percent to 13,090.91 and the CAC40 in Paris lost 0.6 percent to 6,205.73. Britain’s FTSE 100 shed 0.6 percent to 7,029.81. The future for the S&P 500 was down 0.8 percent…

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TotalEnergies, Shell Post Bumper Profits, LNG Business Diverges

October 27, 2022
Business & Marketseconomic policieseconomyenergyfuelGold and CommoditiesMarketsshelltaxesTotalEnergies
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LONDON/PARIS—Europe’s two largest energy companies Shell and TotalEnergies reported profits of more than $9 billion in the third quarter, though Shell’s liquefied natural gas (LNG) division struggled to capture the benefits of high fuel prices. The strong earnings were likely to intensify calls in Britain and the European Union for further windfall taxes on energy…

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Energy Crisis Risks Upending Europe’s Key Medicine Supply Chains, Industry Says

October 27, 2022
antibioticsBusiness & MarketscancerdiabetesenergyGold and CommoditiesMarketsmedicinesshortages
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LONDON—Surging energy costs in Europe risk accelerating an exodus of companies critical in the manufacture of essential medicines, further endangering drug supply chains hit by shortages at the height of COVID-19, drug ingredient makers say. Essential medicines are crucial in treating long-term conditions as well as for surgical procedures. They are also typically off-patent, and…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 27)

October 27, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery rose $1.17 to $89.08 a barrel Thursday. Brent crude for December delivery rose $1.27 to $96.96 a barrel. Wholesale gasoline for November delivery rose 11 cents to $3.01 a gallon. November heating oil rose 21 cents to $4.33 a gallon. November natural gas fell 42 cents to $5.19…

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Can I Buy Silver From a Bank? 

October 27, 2022
bankBusiness & MarketsBuy SilverGold and CommoditiesInvestmentMarketsSpecial EditionsSponsored Content
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Silver is one of the most affordable and easily accessible forms of investment. Since it’s a great way to diversify your portfolio and retain asset value, many different organizations sell silver to everyday customers. You’ve probably heard of buying gold, silver, and other precious metals online, but you may wonder if you can buy them from a…

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Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend

October 27, 2022
Business & MarketsCompanieseconomic policiesenergyEuropeGasGold and CommoditiesMarketsresultsshellWorld
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LONDON—Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs. The British oil and gas giant also extended its share repurchasing program, announcing plans…

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Oil Rises on Strong Crude Demand, Despite China Fears

October 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose on Thursday, extending a rally of nearly 3 percent in the previous session, as optimism over record U.S. crude exports and signs that recession fears are abating outweighed concern over slack demand in China. Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The…

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Global Stocks Mixed Ahead of US GDP, Europe Rates Decision

October 27, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation. London and Hong Kong advanced, while Frankfurt, Tokyo, and Shanghai declined. Wall Street futures rebounded. Forecasters expect U.S….

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