Commodities

Commodities News

Germany’s conservatives on track to win vote in northern state

By Riham Alkousaa BERLIN (Reuters) – Germany’s conservatives look set to come first in a regional election in the northern state of Schleswig-Holstein on Sunday in a boost to former.

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Commodities News

OPEC Stays Silent As EU Rushes To Ban Russian Oil

The Organisation of Petroleum Exporting Countries and its partners in OPEC+ led by Russia decided this week they would not increase their target production figure for next month. Effectively, OPEC+ slapped the.

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Commodities News

NOPEC: America’s Last Stand Against OPEC’s Drift To The East

By Simon Watkins  The passing on Thursday by a U.S. Senate committee of the ‘No Oil Producing or Exporting Cartels’ (NOPEC) bill is the surest sign yet that Washington has finally.

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Commodities News

Orban: Russian Oil Ban Is Like Nuclear Bomb On Hungarian Economy

Hungary’s Prime Minister Viktor Orbán has again loudly expressed his country’s firm rejection of the proposed EU ban on the import of all Russian oil currently being mulled by the.

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Business Commodities News

Diesel fuel is in short supply as prices surge — Here’s what that means for inflation

Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains and trucks all run on diesel. The fuel.

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Commodities News

Oil gains 1.5%, posts another weekly rise on supply concerns

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose nearly 1.5% on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of.

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Commodities News

Explainer: Why are U.S. natural gas prices soaring?

(Reuters) – U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when that fuel’s price.

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Commodities News

Exclusive-Guyana in ‘no rush’ to draft new oil production-sharing pact -minister

By Marianna Parraga HOUSTON (Reuters) – Guyana is in “no rush” to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing.

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Commodities News

Occidental shareholders reject climate proposal from activist investors

By Sabrina Valle HOUSTON (Reuters) – Occidental Petroleum Corp (NYSE:OXY) shareholders on Friday voted against a proposal by activist investor group Follow This to extend the company’s current carbon emissions.

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Commodities News

California says it needs more power to keep the lights on

By Nichola Groom (Reuters) – California energy officials on Friday issued a sober forecast for the state’s electrical grid, saying it lacks sufficient capacity to keep the lights on this.

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