Commodities News
- Reuters
NEW YORK (Reuters) – More than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on Monday, more than a week after the storm made landfall and hit critical infrastructure in the region.
- Reuters
JOHANNESBURG (Reuters) – Prices for aluminium ore bauxite from Guinea hit their highest in almost 18 months in top metals consumer China on Monday as buyers fretted about supply after a coup in the West African country, though no mines reported any disruption.
- Reuters
(Reuters) – The operator of the Nord Stream 2 gas pipeline announced on Monday that the final piece of pipe had been attached, leaving only the linking of its two long stretches to complete the project.
- Reuters
HOUSTON (Reuters) – Damages to oil production facilities in the U.S. Gulf of Mexico on Sunday kept output largely halted a week after Hurricane Ida made landfall, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE).
- Reuters
NEW YORK (Reuters) -Oil prices fell on Friday after a weaker than expected U.S. jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic.
- Reuters
CHICAGO (Reuters) – U.S. farmers’ net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits.
- Reuters
NEW YORK (Reuters) -Oil prices rose more than $1 a barrel on Thursday, rebounding on optimism about global economic growth despite the coronavirus pandemic, and after U.S. crude inventories fell more than anticipated.
- Reuters
ROME (Reuters) – World food prices jumped in August after two consecutive months of decline, pushed up by strong gains for sugar, vegetable oils and some cereals, the United Nations food agency said on Thursday.
- Reuters
NEW YORK (Reuters) -Oil prices steadied on Wednesday after OPEC and its allies agreed to stick to their existing policy of gradual oil output increases.
- Reuters
HOUSTON (Reuters) – Over 1.4 million barrels per day of oil and 1.88 billion cubic feet per day of gas production remained shut on Wednesday in the U.S. Gulf of Mexico after Hurricane Ida lashed Louisiana’s coast, the Bureau of Safety and Environmental Enforcement said.
- Reuters
NEW YORK (Reuters) -Oil settled down 1% on Tuesday, posting its first monthly loss since March, as demand is expected to drop after Hurricane Ida shuttered U.S. Gulf refineries.
- Reuters
HOUSTON (Reuters) – Widespread flooding from Hurricane Ida and power outages on Tuesday slowed efforts by energy companies to assess damages at oil production facilities, ports and refineries.
- Reuters
(Reuters) -London aluminium jumped on Tuesday to a more than 10-year high and was on track for its seventh straight monthly gain as output curbs in top producer China stoked concerns over tight supply.
- Reuters
NEW YORK (Reuters) -Oil edged higher on Monday, but remained below session highs as Hurricane Ida weakened to tropical storm status after forcing shutdowns of U.S. Gulf oil production, and OPEC+ looked set to go ahead with a planned oil output increase.
- Reuters
(Reuters) -Hurricane Ida made landfall on Sunday as a Category 4 storm near Port Fourchon, Louisiana, lashing critical U.S. oil infrastructure with winds up to 150 miles per hour (240 km per hour).
- Reuters
NEW YORK (Reuters) -Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early next week.
- Reuters
HOUSTON (Reuters) -U.S. energy companies on Thursday began airlifting workers from Gulf of Mexico oil platforms and moved vessels ahead of a powerful hurricane forecast for the weekend.
- Reuters
NEW YORK (Reuters) -Oil fell about 1% on Thursday on renewed concerns over demand due to rising COVID-19 infections and as Mexico restored some output after a fire disrupted supplies.
- Reuters
NEW YORK (Reuters) -Oil prices rose about 1% on Wednesday, extending gains for a third session, after U.S. government data showed that fuel demand climbed to its highest since the start of the COVID-19 pandemic.
- Reuters
NEW YORK (Reuters) -Oil prices rose 3% on Tuesday, extending sharp gains on a bullish demand outlook after U.S. regulators issued their first full approval for a COVID-19 vaccine and Mexico suffered a large production outage due to a fire on an oil platform.