Oil

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Oil

Commodity wrap: silver hits new ATH; oil jumps 2% as Trump orders tanker blockade

Silver prices hit fresh record highs on Wednesday, above $66 per ounce. Gold prices also advanced on Wednesday, with softer labour market data from the US on Tuesday signalling a cooling economy.  Meanwhile, oil prices jumped more than 2% as US President Donald Trump ordered the blockade of all sanctioned oil tankers entering and leaving

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Oil

BP breaks tradition; names Meg O’Neill as first outsider and female CEO

BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO.  This move signals BP’s intention to intensify efforts to increase returns and prioritise oil and gas operations, following a scaling back of its earlier, ambitious renewable energy strategy. A historic appointment O’Neill’s appointment, which is slated to take effect

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Oil

Commodity wrap: gold steady on rate cut hopes, oil rises on sanction fears

Gold prices pared losses from earlier in the day as softer-than-expected US inflation data raised hopes of Federal Reserve rate cuts next year.  Silver prices fell sharply as investors booked profits after the metal had hit record highs above $66 per ounce.  Meanwhile, oil prices rose as concerns about lower supply boosted sentiments among investors. 

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Oil

Interview: OXCCU eyes 2x fossil fuel cost with breakthrough tech, CEO Symes says

UK-based OXCCU is advancing a game-changing one-step power-to-liquids (PtL) process that could dramatically lower the cost of sustainable aviation fuel (SAF) and accelerate aviation’s path to net-zero, CEO and co-founder Andrew Symes tells Invezz. In this exclusive Invezz interview, Symes – an Oxford University chemistry graduate with deep experience in climate tech investing at BP

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Oil

Commodity wrap: gold flat, oil set for second weekly decline, base metals in green

Gold prices eased and remained flat on Friday due to a stronger dollar against a basket of major currencies. Meanwhile, silver climbed more than 1% on robust industrial demand, with prices outperforming gold comfortably. Oil prices ticked up on Friday on concerns over lower supply from Venezuela. But prices are set for a second consecutive

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Oil

Why 2026 could be another tough year for Venezuela’s economy under Maduro?

Despite official claims of recovery, Venezuela is heading toward 2026 burdened by deep structural weaknesses and rising uncertainty. Economist Aldo Contreras and political analyst Pablo Quintero told Invezz the country remains trapped in a prolonged downturn that began more than a decade ago. Venezuela’s gross domestic product peaked at over $460 billion in 2012. The

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Oil

Commodity wrap: silver smashes past $70/oz on firm demand, gold hits record high

The rally in silver prices continued on Tuesday as prices breached the $70-per-ounce mark for the first time ever on robust physical and investment demand. Gold prices also hit a new record high, crossing the $4,500 per ounce mark on Tuesday on a weak dollar and geopolitical uncertainty. Meanwhile, oil prices fell slightly as oversupply

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Oil

Ferrari stock price set for $340 dip before rebound, technicals show

Ferrari stock price has had a difficult year, falling from a high of $516 in July to the current $375, a move that has erased its market capitalization from the year-to-date high of $136 billion to the current $90 billion.  Ferrari stock price dropped amid concerns about the company Ferrari, the iconic Italian supercar company,

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Oil

Portugal housing crisis intensifies as price surge reshapes affordability debate

Portugal’s housing pressures sharpened again in the third quarter, pushing affordability further into the political spotlight. Fresh official data showed prices rising at a record pace, underlining how far the market has moved beyond the reach of many residents. The latest surge reflects a mix of strong demand, limited supply, and population growth, with policymakers

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Oil

CertiK flags suspicious wallet breach after funds routed through Tornado Cash

Blockchain security firm CertiK has flagged a suspicious on-chain incident involving the loss of nearly $2.3 million in digital assets, after detecting unusual wallet activity through its monitoring systems. The case was identified using CertiK’s Skylens platform, which tracks abnormal fund movements and behavioural patterns across public blockchains. The incident highlights how wallet-level breaches continue

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