Commodities

Commodities News

Oil Dips But Holds Well Above $120 Amid New China Lockdown Scare

By Barani Krishnan Investing.com — China has new Covid scares. But they aren’t enough to unnerve the long oil crowd — not yet at least. Shanghai and Beijing went back.

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Texas power use seen breaking records in heatwave through next week

By Scott DiSavino (Reuters) – Power demand in Texas will likely set fresh all-time highs every day from June 10-13 as economic growth boosts usage and homes and businesses keep.

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Crude Oil Edges Lower on New Partial Lockdowns in Shanghai

By Peter Nurse    Investing.com — Oil prices edged lower Thursday following the announcement of new mobility restrictions in Shanghai, but remain near three-month highs amid signs of economic recovery from.

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Oil jumps to 13-week high on rising U.S. gasoline demand

By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped about 3% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on.

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Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources

By Ron Bousso, Sabrina Valle and Marwa Rashad HOUSTON (Reuters) – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near.

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Risk of delay to carbon market reforms after surprise EU vote

By Kate Abnett BRUSSELS (Reuters) – The European Parliament on Wednesday rejected a proposal to upgrade the European Union’s carbon market, an unexpected move that exposed divisions over the bloc’s.

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U.S. Oil Inventories Unexpectedly Rose 2M Barrels Last Week: EIA

By Liz Moyer Investing.com — U.S. crude oil inventories unexpectedly rose last week, according to the Energy Information Administration. Crude oil inventories rose by 2.025 million barrels against expectations for a.

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Canada launches greenhouse gas offset credits to help tackle emissions

By Nia Williams (Reuters) -Canada on Wednesday launched a credit system for greenhouse gas offsets, a major part of its plan to cut carbon emissions, starting with a set of.

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Exclusive: Russia hikes oil exports from major Eastern port to help offset EU ban

(Reuters) – Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the.

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Crude Oil Edges Lower; Brent Likely to Hit $135/Bbl

By Peter Nurse    Investing.com — Oil prices edged lower Tuesday, handing back some of the recent gains although the overall tone remains bullish with demand set to pick up in.

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