Commodities News
- Reuters
SINGAPORE (Reuters) -Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while India’s coronavirus crisis showed scant sign of easing, with a seven-day average of new cases at a record high.
- Reuters
LONDON (Reuters) – BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.
- Reuters
LONDON (Reuters) – Oil fell on Monday, giving up an earlier gain, as a cyberattack that forced the shutdown of major fuel pipelines in the United States was countered by rising COVID-19 cases in Asia that raised demand concerns.
- Reuters
LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States’ top fuel pipeline network, Refinitiv Eikon data showed on Monday.
- Reuters
SINGAPORE (Reuters) -Oil prices edged higher on Thursday, recouping early losses, as crude stockpiles in the United States, the world’s largest oil consumer, fell more sharply than expected as refining output rose and exports surged.
- Reuters
TOKYO (Reuters) – World shares and commodity prices held firm on Thursday as investors switched to cyclicals amid hopes of a strong economic recovery, but drugmakers’ shares came under pressure after Washington backed waiving patents for COVID-19 vaccines.
- Cyril Widdershoven
Middle Eastern national oils are heading to increased asset monetization, partly to reap the financial rewards of entering financial markets, locking in demand regions or to mitigate energy transition risks.
- Reuters
(Reuters) – EnCap Investments said on Tuesday it has closed a $1.2 billion fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy.
- Reuters
DUBAI (Reuters) -Saudi Arabian state oil producer Aramco on Tuesday beat analysts’ forecasts with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.
- Reuters
SINGAPORE (Reuters) -Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in consumption in developed countries and China in the second half of the year.
- Reuters
(Reuters) -BP Plc is preparing to bid for the rights to build wind farms off Scotland, The Times reported https://bit.ly/3t821vv early on Monday.
- James Hyerczyk
Palladium rose above $3,000 an ounce for the first time on Friday as the market worried about a shortage of the metal.
- Reuters
(Reuters) -Merck & Co Inc fell short of first-quarter profit estimates on Thursday and forecast a bigger-than-anticipated hit to 2021 sales as the COVID-19 pandemic hurt demand for drugs that need to be administered at a doctor’s office.
- Reuters
LONDON (Reuters) – Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic-driven slump in fuel demand behind them.
- Reuters
LONDON (Reuters) -Oil prices extended gains on Thursday after rising 1% in the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan.
- Reuters
LONDON (Reuters) -Royal Dutch Shell’s profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.
- Reuters
SINGAPORE (Reuters) -Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil.
- Reuters
LONDON (Reuters) -Oil prices rose on Wednesday as expectations of rising fuel demand offset concerns about the impact of a surge in India’s coronavirus cases and higher U.S. crude inventories.
- Reuters
LONDON (Reuters) -Oil rose to about $66 a barrel on Tuesday before a meeting of the producer group OPEC+ to discuss oil output policy amid concern India’s coronavirus crisis could dent a recovery in fuel demand.
- Reuters
LONDON (Reuters) – BP’s profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to resume share buybacks.