Commodities

Commodities News

Some banks stop credit for oil imports by Rosneft-owned India refiner Nayara -sources

By Nidhi Verma, Nupur Anand and Chris Thomas NEW DELHI/MUMBAI/BANGALORE (Reuters) -India’s HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a.

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Oil slides on worries about lockdowns in China, release of reserves

By Florence Tan and Isabel Kua (Reuters) – Oil prices slid more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to.

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Analysis-U.S. strategic oil sale speeds fuel-price fix, but at what cost?

By Timothy Gardner, Julia Payne and Ahmad Ghaddar (Reuters) – The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S. fuel prices.

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EU could revisit renewable targets in push to quit Russian energy -Timmermans

By Aidan Lewis CAIRO (Reuters) – The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas.

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Oil Down, “Losing Steam” Over Release Plans, Ongoing COVID Lockdowns in China

By Gina Lee Investing.com – Oil was down on Monday morning in Asia, falling $2 a barrel in early trading after a second consecutive weekly decline. Investors continue digesting plans.

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Gold Down, but Gets Small Boost as Ukraine War Concerns Continue

By Gina Lee Investing.com – Gold was down on Monday morning in Asia, with the dollar and U.S. Treasury yields firming as the U.S. Federal Reserve maintains its hawkish stance..

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Tesla May Start Mining Lithium as Musk Cites Battery Metal Cost

(Bloomberg) — Nearly two years after Tesla (NASDAQ:TSLA) Inc. outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so,.

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Russian Oil Continues To Flow To India And China

By Alex Kimani  It has been exactly six weeks since Russia invaded Ukraine, with no end in sight to one of humanity’s biggest existential crises in modern times. In response to.

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Tight Oil Markets Are Sending Fuel Margins Through The Roof

By Alex Kimani The oil price rally has really cooled down over the past two weeks, with oil prices declining to levels last seen prior to Russia’s invasion of Ukraine. Brent.

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Rising Energy Costs Could Push Metal Prices Even Higher

By Ag Metal Miner Recently, Russian President Vladimir Putin made some tough talk about forcing “unfriendly countries” to pay for Russian gas in rubles, leading us to wonder how that might impact aluminum.

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