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Global manufacturers lose momentum as inflation worsens: Kemp

By John Kemp LONDON (Reuters) – Global manufacturing growth has started to decelerate as supply chain problems, the rising cost of energy and raw materials, and the conflict between Russia.

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Commodities News

Gold Down, U.S. Yields Up Ahead of Fed Policy Decision

By Gina Lee Investing.com – Gold was down on Wednesday morning in Asia as U.S. Treasury yields rose and the upcoming policy decision from the U.S. Federal Reserve dented demand for the.

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Business Commodities News

Oil Up After U.S. Crude Supply Data Signals Tight Market

By Gina Lee Investing.com – Oil was up on Wednesday morning in Asia, with investors continuing to digest a drawdown in U.S. crude supply that raised supply concerns. Brent oil.

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Commodities News

N.Korea mobilises office workers to fight drought amid food shortages

By Hyonhee Shin SEOUL (Reuters) – North Korea’s office workers and factory labourers have been dispatched to farming areas around the country to join a fight against drought, state media.

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Commodities News

Oil climbs 1% after U.S. crude stocks signal tighter supply

By Florence Tan (Reuters) -Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in U.S. crude and fuel stockpiles, raising supply concerns and offsetting worries.

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Commodities News

Oil climbs as EU gets set to ban Russian crude

By Sonali Paul MELBOURNE (Reuters) – Oil prices rose on Tuesday, extending gains from the previous session, as the European Union firmed up plans to tighten sanctions on Russia this.

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Commodities News

U.S. to spend more than $3 billion on EV battery manufacturing -White House

By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday. The.

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Commodities News

Enough nickel, lithium for 14 million EVs in 2023 – European climate group

By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more.

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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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Commodities News

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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