Commodities

Commodities News

Oil rises as Shanghai eases some COVID curbs, OPEC warns of tight supply

By Mohi Narayan (Reuters) -Oil prices climbed on Tuesday as fears of a demand downturn in China eased after Shanghai relaxed some COVID-19 related restrictions, and OPEC warned it would.

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Oil Up Over More Potential Sanctions on Russian Supply, Tight Market

By Gina Lee Investing.com – Oil was up on Tuesday morning in Asia, reversing its losses from the day before. Investors are calculating the probability of more sanctions on Russia’s.

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Commodities News

Gold Steady as Investors Weigh Fed Comments, Inflation Risks

(Bloomberg) — Gold was steady as traders assessed comments from the Federal Reserve on its monetary-policy tightening trajectory ahead of the release of U.S. inflation data later Tuesday.  Bullion is.

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Some banks stop credit for oil imports by Rosneft-owned India refiner Nayara -sources

By Nidhi Verma, Nupur Anand and Chris Thomas NEW DELHI/MUMBAI/BANGALORE (Reuters) -India’s HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a.

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Oil slides on worries about lockdowns in China, release of reserves

By Florence Tan and Isabel Kua (Reuters) – Oil prices slid more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to.

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Analysis-U.S. strategic oil sale speeds fuel-price fix, but at what cost?

By Timothy Gardner, Julia Payne and Ahmad Ghaddar (Reuters) – The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S. fuel prices.

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EU could revisit renewable targets in push to quit Russian energy -Timmermans

By Aidan Lewis CAIRO (Reuters) – The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas.

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Oil Down, “Losing Steam” Over Release Plans, Ongoing COVID Lockdowns in China

By Gina Lee Investing.com – Oil was down on Monday morning in Asia, falling $2 a barrel in early trading after a second consecutive weekly decline. Investors continue digesting plans.

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Commodities News

Gold Down, but Gets Small Boost as Ukraine War Concerns Continue

By Gina Lee Investing.com – Gold was down on Monday morning in Asia, with the dollar and U.S. Treasury yields firming as the U.S. Federal Reserve maintains its hawkish stance..

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Tesla May Start Mining Lithium as Musk Cites Battery Metal Cost

(Bloomberg) — Nearly two years after Tesla (NASDAQ:TSLA) Inc. outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so,.

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