Commodities

Commodities News

U.S. shale companies top Wall Street estimates, focus on returns

By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy (NYSE:DVN), Diamondback (NASDAQ:FANG) Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but.

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Oil Ends in Just-Positive Territory, Awaiting Fed and OPEC

By Barani Krishnan Investing.com — Crude prices rebounded from $100-lows to settle in just-positive territory on Monday as investors awaited direction from meetings due later in the week by the.

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Oil down $1 on China growth worries, while EU weighs Russian crude ban

By Sonali Paul MELBOURNE (Reuters) – Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world’s top oil importer, outweighed.

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EU energy ministers hold crisis talks after Russian gas cuts

By Kate Abnett BRUSSELS (Reuters) – Energy ministers from European Union countries hold emergency talks on Monday, as the bloc strives for a united response to Moscow’s demand that European.

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Shanghai lockdown sends chill down meat trade

By Dominique Patton BEIJING (Reuters) – The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across.

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Mexico opposition party pitches free solar panels for housing

MEXICO CITY (Reuters) – Mexico’s biggest opposition party on Sunday proposed installing solar panels for free onto residential housing, staking out its renewable energy credentials as it seeks to challenge.

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Suez Canal sees record monthly revenue in April on higher traffic

ISMAILIYA, Egypt (Reuters) -Egypt’s Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday,.

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Germany Drops Opposition To Russian Oil Embargo

By City A.M Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand expectations in China. Brent Crude climbed 1.7 percent to $109.40.

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UK asks North Sea oil and gas sector to set out plan to reinvest profits

LONDON (Reuters) – Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into.

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New Mexico ‘megafire’ could more than double in size – official

By Andrew Hay TAOS, N.M. (Reuters) – A drought-driven wildfire in northern New Mexico exploded into a “megafire” of 100,000 acres, or 157 square miles, on Saturday and could still.

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