Commodities

Commodities News

Oil heads for second weekly gain on geopolitical tension, supply concerns

By Florence Tan SINGAPORE (Reuters) -Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over.

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Commodities News

US has not asked India to cut Russian oil purchases, American official says

By Nidhi Verma and Krishn Kaushik NEW DELHI (Reuters) – The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed.

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Commodities News

Exclusive-U.S. sanctions hamper Russian efforts to repair refineries, sources say

By Robert Harvey MOSCOW/LONDON (Reuters) – When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem.

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Oil steady, bolstered by lower supply concerns

By Paul Carsten LONDON (Reuters) -Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output cuts in place and on signs of.

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Brent oil futures rise towards $90 as supply risks intensify

By Robert Harvey LONDON (Reuters) -Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the.

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China PMI boosts sentiment, but commodity imports may have front-run: Russell

By Clyde Russell LAUNCESTON, Australia (Reuters) -The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from.

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Commodities News

OPEC+ ministers keep output policy steady as oil rallies

By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW/DUBAI (Reuters) -A meeting of the top OPEC+ ministers kept oil output policy unchanged and pressed some countries to boost compliance with.

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Commodities News

India cuts back on Venezuelan oil amid imminent US sanctions

During January to March, India imported only 100,000 barrels a day of crude oil from Venezuela, accounting for only 2% of the country’s total crude imports, according to data from.

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Commodities News

Analysis – Europe’s gas stocks point to healthy supply next winter

By Susanna Twidale, Marwa Rashad and Nina Chestney LONDON (Reuters) – The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline.

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Commodities News

Crude oil prices fall for a second day as US crude inventories increase

Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a barrel at 0150 GMT. Oil prices fell for a second day on Wednesday after a report that crude.

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