Commodities

Commodities News

Oil prices drift lower, set for 3% weekly fall due to massive stocks release

By Sonali Paul MELBOURNE/BEIJING (Reuters) -Oil prices drifted lower on Friday and were set to drop around 3% for the week as consuming countries’ planned release of 240 million barrels.

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China’s Oil Demand Outlook Worsening as Virus Outbreak Persists

(Bloomberg) — China’s worsening Covid-19 outbreak and the extended lockdown in Shanghai has oil analysts cutting their demand forecasts further.  The commercial hub’s staggered eight-day lockdown that was supposed to.

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Commodities News

Gold Up, Dollar Near Two-Year High as Fed Minutes Maintain Hawkish Stance

By Gina Lee Investing.com – Gold was up on Thursday morning in Asia, while the dollar remained near a two-year high after the U.S. Federal Reserve maintained its hawkish stance in the minutes from its.

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A Key Russian Crude Oil Grade Sells Out as Asia Snaps Up Barrels

(Bloomberg) — Cargoes of Russian Sokol crude from the Far East have sold out for next month in a sign that shipments from the pariah nation continue to find buyers.

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Oil rises from 3-week low as tight supply concerns linger

By Sonali Paul and Muyu Xu MELBOURNE/BEIJING (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of.

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Commodities News

Oil Up, Fueled by Supplies Release but Markets Remain Tight

By Gina Lee Investing.com – Oil was up on Thursday morning in Asia, regaining some of its losses from the previous session when it tumbled more than 5% to a.

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Speed up EU climate policies to wrest free from Russia, 11 countries say

By Kate Abnett BRUSSELS (Reuters) – European Union nations should speed up negotiations on new climate change policies and also increase the ambition of those proposals to quit Russian fossil.

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Commodities News

Global cash crude prices tumble from record premiums versus futures

By Florence Tan, Julia Payne and Stephanie Kelly (Reuters) -Cash prices for key crude oil grades produced in the Middle East, Europe and the United States have slumped in recent weeks from.

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Commodities News

Oil Falls as Dollar Surge Offsets Plan for New Russia Sanctions

(Bloomberg) — Oil ended a volatile session lower as a stronger U.S. dollar offset a potentially bullish impact from plans by the U.S., European Union and Group of Seven nations.

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Commodities News

Oil mixed as new Russia sanctions offset demand worries

By Yuka Obayashi TOKYO (Reuters) -Oil futures were mixed on Wednesday, recovering from early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker.

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