Commodities

Commodities News

Chinese Demand Destruction Counters The Risk Of A Russian Oil Ban

By Tom Kool  While lockdowns in China are causing significant demand destruction and adding downward pressure to oil prices, the EU’s threat to ban Russian oil imports has the potential to.

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Commodities News

EU Warns Members That Paying Rubles For Gas Would Violate Sanctions.

An internal European Commission note, the contents of which has come to light and is being reported for the first time on Thursday, has spelled out that European buyers agreeing to.

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Business Commodities News

Japan To Step Up Investment In LNG

Japan will increase investments in the production of liquefied natural gas abroad to secure supply, the country’s industry minister said today. “Russia’s invasion of Ukraine has intensified competition for purchasing.

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Business Commodities News

National Grid: Excess UK Gas Supply Could Help Europe Boost Storage Levels

The UK will have enough gas to meet demand this summer and could sell more supplies to Europe due to low storage levels on the continent, revealed National Grid in.

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Commodities News

In North Carolina, Biden defends handling of inflation

By Jeff Mason GREENSBORO, N.C. (Reuters) -President Joe Biden on Thursday defended his handling of the U.S. economy amid a 40-year-high spike in inflation that he blamed in part on.

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Commodities News

Exclusive-White House climate adviser Gina McCarthy planning to step down -sources

By Jarrett Renshaw and Jeff Mason (Reuters) -White House climate adviser Gina McCarthy is planning to step down, according to two sources familiar with the deliberations, likely ending a tenure.

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Commodities News

Oil rises on news EU may phase in a ban on Russian oil imports

By Arathy Somasekhar HOUSTON -Oil prices settled higher on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European.

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Commodities News

Oil up Almost 9% on Week as Supply Scare Hijacks Trade

By Barani Krishnan Investing.com — Any selloff in oil is only proving to be a buy-back opportunity amid one of the greatest energy markets volatility ever. Crude prices jumped almost.

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Commodities News

Brazil’s Petrobras elects Jose Mauro Coelho as CEO

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm’s chief executive for a one-year term..

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Commodities News

Oil prices fall as market weighs mixed supply signals

By Mohi Narayan NEW DELHI -Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against.

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