Commodities News
- Reuters
NEW YORK/LONDON (Reuters) -A measure of global equity markets slid from near record highs, the dollar edged up and bond yields fell on Thursday as investors mulled the Federal Reserve’s benign inflation outlook and upbeat assessment of the U.S. economy.
- Reuters
NEW YORK (Reuters) -Oil prices fell by more than $1 a barrel on Thursday on expectations of more crude hitting the market after a compromise deal between leading OPEC producers and a surprisingly poor weekly reading on U.S. fuel demand.
- Reuters
NEW YORK (Reuters) -Oil prices dropped more than 2% Wednesday after major global oil producers came to a compromise about supply and after U.S. data showed demand slacked off a bit in the most recent week.
- Reuters
MOSCOW/LONDON (Reuters) – OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.
- Reuters
CHICAGO (Reuters) – Farmers in the northern U.S. Plains are on track to harvest the smallest spring wheat crop in 33 years, reflecting the impact of severe drought in the key farming region, the U.S. Department of Agriculture (USDA) said on Monday.
- Reuters
DUBAI (Reuters) -Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.
- Reuters
NEW YORK (Reuters) -Oil slumped on Monday over concerns about spreading COVID-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices from falling lower.
- Reuters
NEW YORK (Reuters) -Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories.
- Reuters
ROME (Reuters) – World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.
- Reuters
LONDON (Reuters) -OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks’ transitory inflation narrative as well as the post-pandemic economic recovery.
- Reuters
LONDON (Reuters) -Oil prices slipped on Tuesday, driven by profit-taking in response to multi-year highs reached after OPEC+ producers clashed over plans to raise supply to meet rising global demand.
- Reuters
(Reuters) -The European Union said on Tuesday it will harness banks and markets to funnel hundreds of billions of euros annually into sustainable investments and create the first “climate-neutral continent” by 2050.
- Reuters
(Reuters) – The European Commission on Tuesday proposed a new European Green Bond Standard to drive money into projects that will help the bloc meet its mid-century climate goal of net zero carbon emissions.
- Reuters
TOKYO (Reuters) -Oil prices were slightly on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.
- Reuters
Taiwan’s exports likely rose for a 12th straight month in June, a Reuters poll showed, lifted by demand for electronic goods from the global economic recovery and as more people work and study from home.
- Reuters
SINGAPORE (Reuters) -Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or reduce supply cuts in the second half of the year.
- Reuters
LONDON (Reuters) – Oil prices rose on Wednesday, heading for monthly and quarterly gains, after industry data suggested U.S. crude stockpiles were shrinking while an OPEC report foresaw an undersupplied market this year, but a possible glut next year.
- Reuters
MELBOURNE (Reuters) -Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world.
- Reuters
SINGAPORE (Reuters) -Singapore’s public prosecutor on Thursday filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, relating to $2.23 billion in fraudulent disbursements.
- Reuters
LONDON (Reuters) – Oil rose towards $76 a barrel on Wednesday, reaching its highest since late 2018, after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America.