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By Georgina McCartney HOUSTON (Reuters) -Oil prices fell around 3% in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s economy struggled, and the U.S. and other non-OPEC producers pumped more crude into a well-supplied global market. Brent crude futures on Tuesday, the last trading day of the year, settled …

Oil prices post 3% annual decline, slipping for second year in a row Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks declined on Tuesday as elevated U.S. Treasury yields again contributed to a lackluster close in an otherwise strong year for equities. On Wall Street, early modest gains evaporated as the tech sector dropped 1.04%. Some of the year’s top S&P 500 performers, including Palantir Technologies , Vistra …

Stocks end strong year with a whimper as yields apply pressure Read More »

CAPE TOWN (Reuters) – South African power utility Eskom has successfully linked the second unit of its Koeberg nuclear power plant to the national grid after a major refit, further boosting electricity supply after years of power cuts, the company said on Tuesday. After a bleak decade of controlled power outages, Eskom has provided uninterrupted …

South Africa’s Koeberg nuclear plant refit boosts power supplies Read More »

By Camillus Eboh ABUJA (Reuters) – Nigeria will require applicants for oil licences and permits to show evidence of low carbon emissions and a renewable energy program from Wednesday before approvals are granted, the head of its upstream regulatory agency said on Tuesday. Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission, said …

Nigeria oil licence applicants must prove low carbon emissions, Nigerian regulator says Read More »

By Sherin Elizabeth Varghese (Reuters) – Gold prices were poised for an annual surge of over 27%, their biggest yearly rise since 2010, driven by safe-haven demand and central banks’ rate cuts, although the mood could turn more cautious depending on policy shifts under a second Donald Trumppresidency. Spot gold rose 0.7% to $2,624.24 per …

Perfect storm fuels gold’s best yearly performance since 2010 as Trump 2.0 looms Read More »

By Karen Brettell NEW YORK (Reuters) – The U.S. dollar hit a two-year high and was on track to post an annual gain against almost all major currencies on Tuesday as the prospect that the Federal Reserve will hold interest rates higher than peers led the U.S. currency to dominate rivals. Traders have adjusted for …

Dollar dominates on cautious Fed, Trump trade Read More »