Commodities News
- Reuters
NEW YORK (Reuters) -Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude futures after seven sessions of declines.
- Reuters
KYIV (Reuters) -German Chancellor Angela Merkel offered reassurances on Sunday that Ukraine would not suffer from the construction of Russia’s Nord Stream 2 pipeline, but Ukraine said talks about its future as a transit country had been vague.
- Reuters
NEW YORK (Reuters) -Oil prices skidded on Thursday for a sixth session, hitting lows not seen since May, pressured by a stronger U.S. dollar and concerns about weaker demand as COVID-19 cases rise.
- Reuters
NEW YORK (Reuters) – Oil prices fell about 1% on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide and on rising strength in the U.S. dollar.
- Reuters
NEW YORK (Reuters) -Oil prices weakened for a fourth session on Tuesday, on the back of surging cases of coronavirus in Japan, a weak demand picture in Asia and a belief in OPEC and among its allies that the market does not need more crude.
- Reuters
NEW YORK (Reuters) -Oil prices slipped more than 1% on Monday, paring steep losses on weak Chinese economic data after sources told Reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.
- Reuters
NEW YORK (Reuters) -Oil prices dipped on Friday and ended the week little changed after weathering concerns from banks and the International Energy Agency that the spread of coronavirus variants is slowing oil demand.
- Reuters
(Reuters) – U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production over the short-term given the threat to demand from the coronavirus Delta variant.
- Reuters
NEW YORK (Reuters) -Oil prices fell on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.
- Reuters
NEW YORK (Reuters) -Global shares hit record highs Wednesday after data showed U.S. consumer price increases slowed in July, easing concerns that the Federal Reserve will imminently signal a scaling back of bond purchases.
- Reuters
NEW YORK (Reuters) -Oil gained Wednesday, changing course after the Biden administration said it would not call on U.S. producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan.
- Reuters
LONDON (Reuters) – From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as ‘greenflation’ takes a grip, adding a new twist to corporate valuations.
- Reuters
NEW YORK (Reuters) -Oil prices rose 3% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in COVID-19 cases.
- Reuters
(Reuters) – A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
- Reuters
LONDON (Reuters) – Oil prices fell by almost 3% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.
- Reuters
LONDON (Reuters) – Global shares made tentative gains on Monday as sharp falls in gold and oil prices briefly spooked sentiment, while the dollar reached a four-month high versus the euro after an upbeat U.S. jobs report lifted bond yields.
- Reuters
DUBAI (Reuters) -Saudi Arabian state oil producer Aramco reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.
- Reuters
LONDON (Reuters) -Oil fell on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices while expectations of a lower U.S. inventories lent some support.
- Reuters
LONDON (Reuters) – Oil prices rose on Tuesday on expectation of a further decline in U.S. oil inventories, recouping some losses from the previous session due to lingering concern over rising cases of the Delta coronavirus variant.
- Reuters
LONDON/MELBOURNE (Reuters) – Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.