Commodities News

The EU’s recently announced partial oil embargo of Russia promises a more intense inflationary squeeze on household and corporate budgets and more pressure on public finances.

Rising food prices due to Russia’s war in Ukraine may have long-lasting economic, fiscal, and social consequences for many African countries, exacerbating structural challenges for governments still burdened with the cost of the Covid pandemic.

Russia’s demand for so-called “unfriendly countries” to pay for natural gas in rouble will likely support the sanctions-hit Russian currency only near term through using the country’s energy leverage over Europe.

The Russia–Ukraine war sends oil prices near record level highs. In response to the US’s ban on Russia’s oil export, an OPEC member recently made a statement that prompts oil prices to drop. What happened? Find out in our latest market analysis.

It is almost as if either people never learn from history, or the prior generation did not pass their experience down to the current generation.

VanEck has filed for an ETF that would track securities in an index that measures the performance of gold and bitcoin mining firms.

Meanwhile, U.S. dollar moved lower.

Meanwhile, WTI oil is trying to settle back below the $72 level.

Meanwhile, WTI oil gains ground as crude inventories decrease.

(Reuters) -A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through it into Germany were abruptly withdrawn, data on the website of its German operator showed.

(Reuters) – European shares hit record highs on Wednesday, as a recent run of upbeat corporate earnings and higher metal prices helped limit losses from a slide in oil stocks.

By Stefano Rebaudo (Reuters) – As companies, investors and policymakers fret over port logjams, freight costs and chip shortages, some indicators are starting to signal that global supply chain stress may be on the wane.

SINGAPORE (Reuters) -Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world’s top oil consumer China ramped up operating rates to meet a spike in diesel demand.

(Reuters) -Oil prices settled higher on Monday as expectations of strong demand and a belief that a key producer group will not turn on the spigots too fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.

TOKYO (Reuters) – Electricity prices in Japan rose to their highest in nearly 10 months on Monday, amid elevated global prices for liquefied natural gas (LNG) and coal — the main fuels to supply country’s $150 billion power market.

Saudi Arabia’s oil giant Aramco reported a 158% increase in third-quarter profit to $30.4 billion

DUBAI (Reuters) -Saudi Arabian state oil producer Aramco said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts.

WASHINGTON/ROME (Reuters) -The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday.

(Reuters) – Exxon Mobil Corp on Friday pledged to revive its long-dormant share repurchase program next year, bolstered by a jump in profit and improved cash flow in the third quarter as rising global economic activity has caused fossil fuel demand to surge.

NEW YORK (Reuters) -U.S. crude prices settled higher on Friday, turning positive after an early decline, supported by expectations that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, would maintain production cuts.