Oil prices settle higher on demand hopes ahead of fresh US inventory data

Fool.co.uk
With demand for oil still rising, where could the BP share price be in 2029?
With oil consumption expected to peak in 2029, our writer considers what might happen to the BP share price over the next five years. The post With demand for oil still rising, where could the BP share price be in 2029? appeared first on The Motley Fool UK.
Benzinga
Warren Buffett's Weekly Dividend Earnings Exceed $47 Million: The Top 3 Stocks Driving His Wealth
American business owner Warren Buffett, founder of multinational conglomerate holding company Berkshire Hathaway, collects $2.1 billion in dividends from just three stocks. Here are the three stocks driving his growing wealth. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average? Miami is expected to take New York's place as the U.S. Financial Capital. Here's how you
Bucks Free Press
Man's business worth millions after teaming up with former Apprentice winner
A former DJ from near High Wycombe has become a multi-millionaire after teaming up with a former Apprentice winner.
Fool.co.uk
3 penny stocks I’d buy to target a £1,280 passive income
These high-dividend penny shares could be great passive income buys for years to come. Here Royston Wild gives the lowdown on their prospects. The post 3 penny stocks I’d buy to target a £1,280 passive income appeared first on The Motley Fool UK.
Bloomberg
China’s Rare Earths Firms Rally as Fresh Industry Overhaul Looms
(Bloomberg) -- China’s rare earths producers jumped after Beijing unveiled a regulatory overhaul of the sector that could squeeze supplies and lift languishing prices of the critical minerals.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestFrance’s Market Rally Falters as Investors See Enduring RiskJustice Department t
South China Morning Post
China to buy another African mine as it elbows in to lead global green energy revolution
Chinese companies are ramping up their acquisition of major copper, cobalt and lithium mining projects in Africa, dominating the critical minerals market, as Beijing positions itself to lead the global green energy transition. In one of the most recent investments, Chinese firm JCHX Mining Management is close to finalising a deal to buy Zambia's Lubambe copper mine. The deal, which is awaiting approval from the Zambian authorities, would see the Shanghai-listed mining services and contracting fi
Reuters Videos
Spirit Aero to be broken up in $4.7 bln Boeing deal
STORY: Boeing said Monday it will buy its supplier Spirit Aerosystems for $4.7 billion.The U.S. planemaker moved after a crisis caused by a mid-air blowout on a 737 MAX jet led to questions over quality.Boeing rival Airbus has also agreed to take on the supplier's loss-making Europe-focused activities, in return for hundreds of millions of dollars of compensation.Boeing spun off Spirit in 2005, and has long considered a buyback.The decision to go ahead now comes as the aerospace giant tries to resolve a crisis at one of the industry's key suppliers.January's blowout incident involved a door plug made by Spirit, and contributed to a major slowdown in output at Boeing.The planemaker announced the planned departure of CEO Dave Calhoun in the wake of the crisis.Now the deal is due to close around midway through next year, and is seen as an effort to address its safety problems and shore up its production line.Airbus is also a Spirit customer, and didn't want arch-rival Boeing building parts for its latest jets. It has now confirmed it will take over core activities at four of the supplier's plants to avoid that.Sources said the move was loosely coordinated between the three companies. Airbus said it would receive $559 million in compensation from Spirit, depending on the final outlines of the deal.
South China Morning Post
Hong Kong draws US$4.9 billion in FDI in 2024 with Chinese, US firms leading: InvestHK
UK whisky distiller Macallan, French logistics firm Geodis and Singapore-based loyalty platform Eber are three of the 322 companies that either set up or enhanced their businesses in Hong Kong in the first half of 2024, bringing in HK$38.3 billion (US$4.9 billion) in investment, according to the government agency tasked with attracting foreign direct investment (FDI). The number of companies expanding in Hong Kong shot up 43 per cent compared with the same period last year, Alpha Lau, director g
The Guardian
Ruling paves way for businesses and public to sue water firms over sewage
Decision by supreme court means water companies could be sued for damage caused by dumping of human waste
Wiltshire Times
'Ultrafast broadband' could be provided to more people in South Wiltshire
Wessex Internet is opening a new base in Wiltshire.
The Telegraph
Top bankers ordered to rein in travel and entertainment expenses
HSBC has warned its top bankers to rein in spending on entertainment and travel as it races to slash costs.
Reuters
German industry turns to solar in race to cut energy costs
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Since the war in Ukraine and the sudden drop in Russia fossil fuel exports to Germany, Berlin has introduced laws to accelerate solar power expansion, part of its plan to cover 80% of the country's energy from renewables by 2030. Encouraged by a feed-in tariff providing a guaranteed price to renewable energy producers selling their power, as well as reduced solar panel costs, German companies are increasingly turning to solar to get around high energy costs.
The Hollywood Reporter
Kanye West Sued by Yeezy Staff Over Alleged Illegal Labor Conditions and Hostile, Racist Environment
Kanye West and Milo Yiannopoulos are being accused of engaging in “forced labor and cruel inhuman, or degrading treatment” toward the team brought on to create the app that the rapper-mogul hoped would compete with Tidal and other streaming players, according to a lawsuit filed this weekend in Los Angeles. The lawsuit filed in the …
Glasgow Times
Firm selects space near Glasgow for new Scottish base
An engineering firm has selected Maxim Park as their Scottish base for designing power utility products.
Bloomberg
Ex-Billionaire Gets 7 1/2-Year Sentence for Defrauding Investors Goldman, Google
(Bloomberg) -- A former jet-setting Chicago billionaire was sentenced to seven and a half years in prison for a $1 billion fraud at an advertising startup that included investors such as Goldman Sachs Group Inc., Google parent Alphabet Inc. and Illinois Governor JB Pritzker’s venture capital firm. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets
CNN Business
There is no end in sight for China’s uneven economic recovery
Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday. But an official survey of bigger business showed activity shrinking.
Reuters Videos
BYD sales accelerate, close gap with Tesla
STORY: China's BYD saw sales accelerate by just over a fifth in the second-quarter.It helped the electric vehicle maker close the gap with rival Tesla for the title of world's top EV seller.BYD sold slightly over 426,000 EVs in the April to June quarter, according to Reuters calculations. That's around 12,000 fewer than Tesla's estimated deliveries.The U.S. firm is expected to report a 6% drop in it quarterly deliveries on Tuesday (July 2).If so, it would be the first time it's posted two straight quarters of decline.Elon Musk's company is dealing with strong competition in China.Demand has also slowed due to a lack of affordable new models.The company may give up its top EV seller title to BYD if the actual results turn out to be softer than estimated.Industry data suggests Tesla's China-made EV sales in June fell by almost a quarter from a year earlier.By comparison, BYD maintained steady growth in EV sales.Other Chinese EV upstarts like Nio also reported stellar growth last quarter.
Mashed
Fast Food Chains That Have Been Sued For False Advertising
Fast food has a wide reach, but that means some restaurants have become vulnerable to lawsuits based on allegations of false advertising shenanigans.
Reuters
Airbus deliveries rose 2% in first half, sources say
PARIS (Reuters) -Airbus delivered a preliminary total of around 67 airplanes in June, bringing the total for the first half of the year to around 323 aircraft, up 2% from the same period last year, industry sources said on Monday. Airbus, which last week cut its delivery forecast for the full year to 770 planes from 800 amid supply chain concerns, declined to comment ahead of the release of monthly and half-yearly data expected on July 8. Underscoring trends which prompted Airbus to cut targets last week, the June total also falls short of the company's original ambitions for the month by about 10 aircraft, on top of single-digit shortfalls in prior months, suppliers said.
Reuters
Crude falls as Hurricane Beryl fears fade
HOUSTON (Reuters) -Crude oil prices fell on Tuesday as fears faded that Hurricane Beryl would disrupt supplies as the storm will avoid most oil fields as it barrels toward Jamaica. Brent crude futures settled down 36 cents, or 0.42%, at $86.24 a barrel. Earlier on Tuesday, WTI rose $1 to $84.38 on fears Beryl might have a wider impact in offshore oil production areas in the U.S.-regulated northern Gulf of Mexico as U.S. demand for motor fuels is increasing.

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How to make sure you don’t get underpaid when it comes to state pension

Oil prices settle higher on demand hopes ahead of fresh US inventory data

Oil benefits from Chinese manufacturing strength

Fresh U.S. inventory data eyed

The strong start to the week for oil prices come just days ahead of the weekly petroleum report due Wednesday.

Traders are looking for fresh signs of that summer demand is making a dent in crude inventories amid a pick in refinery activity.

Hurricane season in Americas

Latest stories

With demand for oil still rising, where could the BP share price be in 2029?

Warren Buffett's Weekly Dividend Earnings Exceed $47 Million: The Top 3 Stocks Driving His Wealth

Man's business worth millions after teaming up with former Apprentice winner

3 penny stocks I’d buy to target a £1,280 passive income

China’s Rare Earths Firms Rally as Fresh Industry Overhaul Looms

China to buy another African mine as it elbows in to lead global green energy revolution

Spirit Aero to be broken up in $4.7 bln Boeing deal

Hong Kong draws US$4.9 billion in FDI in 2024 with Chinese, US firms leading: InvestHK

Ruling paves way for businesses and public to sue water firms over sewage

'Ultrafast broadband' could be provided to more people in South Wiltshire

Top bankers ordered to rein in travel and entertainment expenses

German industry turns to solar in race to cut energy costs

Kanye West Sued by Yeezy Staff Over Alleged Illegal Labor Conditions and Hostile, Racist Environment

Firm selects space near Glasgow for new Scottish base

Ex-Billionaire Gets 7 1/2-Year Sentence for Defrauding Investors Goldman, Google

There is no end in sight for China’s uneven economic recovery

BYD sales accelerate, close gap with Tesla

Fast Food Chains That Have Been Sued For False Advertising

Airbus deliveries rose 2% in first half, sources say

Crude falls as Hurricane Beryl fears fade