Commodities News
- Reuters
LONDON (Reuters) -Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.
- Reuters
LONDON (Reuters) -Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude oil prices pushing back above $75 a barrel.
- Reuters
LONDON (Reuters) – Europe’s top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.
- Reuters
WASHINGTON (Reuters) – The U.S. trade deficit in goods increased in June as imports continued to rise amid strong economic activity, suggesting trade likely remained a drag on growth in the second quarter.
- Reuters
(Reuters) -U.S. agricultural commodities trader Bunge Ltd raised its full-year adjusted profit outlook on Wednesday after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41% jump in quarterly income.
- Reuters
LONDON (Reuters) – The British High Court has agreed to hear a case by environmental campaigners claiming that the government’s support of North Sea oil and gas companies conflicted with its plans to slash the country’s carbon emissions by 2050.
- Reuters
SINGAPORE (Reuters) – Oil prices rose on Wednesday after industry data showed U.S. crude and product stockpile dropped more than expected last week, bolstering expectations that demand will outpace supply growth even amid a surge in COVID-19 infections.
- Reuters
NEW YORK (Reuters) – The summer rebound in global fuel demand could be turning into a slowdown, as analysts expect gasoline consumption to taper off due to resurgent coronavirus cases and structural changes in commuting patterns.
- Reuters
SINGAPORE (Reuters) – Oil prices rose on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.
- Reuters
LONDON (Reuters) -Oil prices were steady on Monday as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be tight through the rest of the year.
- Reuters
BEIJING/SINGAPORE (Reuters) – China’s soybean imports are set to slow sharply in late 2021 from a record first-half tally, confounding expectations for sustained growth from the top global buyer and denting market sentiment just as U.S. farmers look to sell their new crop.
- Reuters
SINGAPORE (Reuters) -Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half.
- Reuters
NEW YORK (Reuters) -Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, underpinned by expectations that supply will remain tight through the year.
- Reuters
MOSCOW (Reuters) -The Russian Central Bank Governor Elvira Nabiullina spoke at an online press conference after the central bank raised its key rate to 6.50% on Friday.
- Reuters
SINGAPORE (Reuters) -Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand.
- Reuters
TOKYO (Reuters) -Oil prices stabilised on Tuesday after slumping around 7% in the previous session amid a broader market retreat led by concerns about rising COVID-19 infections, which came just as producers inked a new supply deal.
- Reuters
TOKYO (Reuters) -Oil prices recouped some losses on Monday, but were still down after OPEC+ overcame internal divisions and agreed to boost output, which sparked concerns about a crude surplus as COVID-19 infections continue to rise in many countries.
- Reuters
MOSCOW/DUBAI/LONDON (Reuters) -OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.
- Reuters
MOSCOW/DUBAI (Reuters) – OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources within the producers group told Reuters on Saturday.
- Reuters
NEW YORK (Reuters) -Oil prices were little changed on Friday and ended the week lower, sapped in volatile trade by expectations of growing supplies just when a rise in coronavirus cases could lead to lockdown restrictions and depressed demand.