Commodities News
- Reuters
OSLO (Reuters) -Norway’s Equinor has won permission to increase pipeline gas exports to Europe from the offshore Troll and Oseberg fields, Norwegian deputy oil and energy minister Tony Tiller told newspaper Dagens Naeringsliv on Monday.
- Reuters
LONDON (Reuters) -Britain said on Saturday it would work with the energy industry to try to stem the fallout from soaring gas prices after fears grew that more energy providers and food producers would struggle to operate with such high costs.
- Reuters
NEW YORK (Reuters) -Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
- Reuters
BRUSSELS (Reuters) -A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom’s role in soaring European gas prices, saying the company’s behaviour had made them suspect market manipulation.
- Bob Mason
Following a bearish session for Bitcoin and the broader market on Thursday, a Bitcoin return to $48,500 levels would support the pack.
- Reuters
HOUSTON/NEW YORK (Reuters) – U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.
- Reuters
TOKYO (Reuters) – Four Japanese companies, including Mitsui & Co, have agreed to sell their entire stakes in Mexican power plant operator MT Falcon Holdings to British fund Actis GP LLP for an undisclosed figure, the companies said on Thursday.
- Reuters
MILAN (Reuters) -Italy will introduce short-term measures to offset the expected rise in retail power prices and is working on a longer-term reform of power bills, energy transition minister Roberto Cingolani said on Thursday.
- Reuters
(Reuters) -Canadian Pacific Railway Ltd inked a $27.2 billion cash-and-stock deal to buy Kansas City Southern on Wednesday after Canadian National Railway Co conceded it could not save its own $29.6-billion deal for the U.S. railway.
- Reuters
LOS ANGELES (Reuters) – A record 60 container vessels are at anchor or adrift in the San Pedro Bay, waiting to be unloaded at the Port of Los Angeles/Long Beach seaports and another 20 are due to arrive in coming days, a port executive said on Wednesday.
- Bob Mason
It’s a mixed start to the day for Bitcoin and the broader market. A Bitcoin move back through to $48,000 levels would be needed to bring $50,000 back into play.
- Reuters
(Reuters) -Chevron Corp on Tuesday pledged to triple to $10 billion its investments to reduce its carbon emissions footprint through 2028, while saying it was not yet ready to commit to a 2050 net-zero emissions target.
- Reuters
(Reuters) – Another grain export terminal near Louisiana’s Gulf Coast shuttered for two weeks by Hurricane Ida restarted operations this week even as heavy rains from Tropical Storm Nicholas battered the region on Tuesday.
- Reuters
NEW YORK (Reuters) -Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another storm could affect output in Texas this week.
- Reuters
(Reuters) – U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana Gulf Coast after Hurricane Ida flooded and damaged grain terminals and knocked out power across the region, preliminary data showed on Monday.
- Reuters
NEW YORK (Reuters) -Oil rose to briefly top $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost.
- Reuters
BOSTON (Reuters) -Harvard University is ending its investments in fossil fuels, the school’s president said on Thursday, drawing praise from divestment activists who had long pressed the leading university to exit such holdings.
- James Hyerczyk
The move will “better stabilize domestic market supply and demand and effectively guarantee the country’s energy security,” the administration said.
- Reuters
NEW YORK (Reuters) -Oil prices jumped on Wednesday and settled up more than 1% as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida.
- Reuters
CALGARY, Alberta (Reuters) – Oil prices fell on Tuesday, pressured by a strong U.S. dollar and concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast capped losses.