Commodities News
- Reuters
RIO DE JANEIRO (Reuters) – The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit.
- Reuters
LONDON (Reuters) – Dozens of ships carrying everything from oil to consumer goods have been delayed by the grounding of a vessel in the Suez Canal, and companies may have to re-route cargoes around Africa if the blockage extends beyond 24 hours, shipping sources said.
- Reuters
KUALA LUMPUR (Reuters) – Global edible oil prices are nearing their peak but may be slow to decline to previous levels due to low stocks, a slow recovery in output and higher global use in biofuel production, leading analysts said on Wednesday.
- James Hyerczyk
Crude oil prices plunged, pressured by a sharp rise in the Dollar, concerns over lockdowns in Europe and an unexpected rise in U.S. fuel inventories.
- Reuters
BEIJING (Reuters) – Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.
- Reuters
LONDON (Reuters) – Oil prices steadied on Monday after a broad sell-off last week, as new European coronavirus lockdowns dimmed hopes for a quick economic recovery, with market players still broadly confident of a demand rebound later in the year.
- Reuters
LONDON (Reuters) – Oil prices fell for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.
- Reuters
OTTAWA (Reuters) – Inflation in Canada edged higher in February on rising gasoline prices, though the slight acceleration was below analyst expectations, data showed on Wednesday.
- Reuters
LONDON (Reuters) – Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude inventories unexpectedly fell last week.
- Reuters
LONDON (Reuters) – Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations.
- Reuters
NEW DELHI (Reuters) – The United States overtook Saudi Arabia as India’s second biggest oil supplier last month, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed.
- Bob Mason
It’s a bearish start to the day for the crypto majors. A Bitcoin move back through to $57,000 levels would provide support.
- Reuters
LONDON (Reuters) – OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market.
- Vladimir Zernov
Biden’s $1.9 trillion stimulus package remains in focus.
- James Hyerczyk
February natural gas futures gain on improving demand outlook. February gold underpinned by growing concerns about COVID-19, Georgia runoff elections.
- James Hyerczyk
Gold climbed to a six-week high last Monday, driven by news that U.S. congressional leaders reached agreement on a COVID-19 aid package.
- Cyril Widdershoven
Bullish sentiment is still leading in the market, especially if media reports are being taken as the Oracle of Delphi. The last days crude oil futures have shown a bullish tendency, supported the last 24 hours by an unexpected draw in US crude stocks.
- Dan Blystone
Andrew Pancholi is one of the world’s leading experts on market cycles and the author of the highly acclaimed Market Timing Report. In addition, Andrew is a consultant for institutional investors, hedge funds and major banks. He is a board member for The Foundation For Study Of Cycles (FSC), which
- James Hyerczyk
U.S. crude oil stockpiles spiked higher while fuel demand slumped last week, each by their most ever, government data showed on Wednesday, as the U.S. oil industry felt the full brunt of efforts to stem the spread of the coronavirus pandemic.
- Dennis Shen
Tough choices ahead for Rome