Commodities

Commodities News

Gold Down Ahead of U.S. Inflation Data

By Zhang Mengying Investing.com – Gold was down on Wednesday morning in Asia as investors awaited the U.S. consumer price index (CPI) for more clues on the interest rate hikes. Gold futures inched.

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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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Commodities News

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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Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal

By Laura Sanicola (Reuters) -Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target.

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Americans split on nuclear energy as safety worries linger – Reuters/Ipsos poll

By Timothy Gardner WASHINGTON (Reuters) – Just under half of Americans support nuclear power to generate electricity, a waning industry the Biden administration has been trying to revitalize with billions.

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Exclusive: U.S. to let Eni, Repsol ship Venezuela oil to Europe for debt – sources

By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) – Italian oil company Eni SpA and Spain’s Repsol (OTC:REPYY) SA could begin shipping Venezuelan oil to Europe as soon as next.

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Biden targets Latin America reset at summit marred by invite tension

By Matt Spetalnick and Dave Graham WASHINGTON/MEXICO CITY (Reuters) – When the United States said last year it would host the 2022 Summit of the Americas, officials had high hopes.

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Commodities News

Saudi Arabia may raise July crude oil prices for Asia

SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following strong refining margins for gasoline and jet.

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Brent climbs above $120/bbl after Saudi Arabia hikes crude prices

By Florence Tan and Sonali Paul SINGAPORE (Reuters) -Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in.

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Commodities News

India’s Crude Basket Price On The Rise; No Cut In Fuel Rates Anytime Soon

The already-elevated India’s crude oil basket price is rising, with the average cost for June jumping to over $115 per barrel. The already-elevated India’s crude oil basket price is rising,.

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