Commodities

Commodities News

Saudi Arabia to raise oil production if Russian output falls under sanctions- FT

(Reuters) – Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday,.

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Australia set for 3rd year of bumper wheat harvests, easing world supply woes

By Naveen Thukral SINGAPORE (Reuters) – Australia is poised for a third year of near-record wheat production in 2022 as good weather boosts planting across its grain belt, easing concerns.

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Oil Down, Investors Await OPEC+ Meeting

By Gina Lee Investing.com – Oil was down on Thursday morning in Asia, falling by around $3 a barrel in early Asian trading. Investors cashed in on a recent rally with.

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EU agrees gradual Russian oil embargo, gives Hungary exemptions

By Kate Abnett, Jan Strupczewski and Ingrid Melander BRUSSELS (Reuters) -European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the.

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Oil pares gains as OPEC eyes exempting Russia from output deal

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices pulled back some of their gains on Tuesday after a report that some OPEC members were exploring the idea of suspending Russia’s participation.

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Oil Slides as OPEC+ Reportedly Mulls Russia Exclusion from Group Output

By Barani Krishnan Investing.com — Oil consumers — and market bears — may be getting a little of what they want. Some OPEC members are exploring the idea of suspending.

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OPEC mulls excluding Russia from oil-production deal – WSJ

(Reuters) – Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation’s ability to produce more, the Wall Street.

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Gold Down Over The Strengthening U.S. Dollar

By Gina Lee Investing.com – Gold was down on Wednesday morning in Asia, over rising U.S. Treasury yields and a strengthening U.S. dollar. Gold prices fell about 1% during the.

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Gold Down, Set For Second Consecutive Monthly Loss as Dollar Strengthens

By Gina Lee Investing.com – Gold was down on Tuesday morning in Asia. A strengthening dollar and rising U.S. Treasury yields impacted demand for the U.S. currency-priced yellow metal, which.

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EU leaders agree “in principle” on Russia oil embargo – von der Leyen

BRUSSELS (Reuters) – EU leaders have reached an agreement “in principle” on banning oil imports from Russia, European Commission chief Ursula von der Leyen said early on Tuesday. “I am.

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