Commodities

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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Commodities News

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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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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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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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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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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Crude oil imports rise to 4-year high in March

Shipments from Russia remain elevated, but down on year. India’s crude oil imports rose to 5.2 million barrels per day in March, the highest level since early 2020 amid increased.

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China lifts tariffs on Australian wine, ends three-year freeze in trade

By Ryan Woo, Albee Zhang and Joe Cash BEIJING (Reuters) -China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday,.

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