Commodities

Commodities News

Oil marketing companies to absorb LPG price cut, unlikely to be compensated by the government: Report

In the current fiscal, this is the second instance of the government announcing a reduction in LPG prices for households. Public sector oil marketing companies (OMCs) – Bharat Petroleum Corporation,.

Read More
Commodities News

OPEC+ producers extend oil output cuts to second quarter

By Maha El Dahan and Alex Lawler DUBAI (Reuters) -OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels.

Read More
Commodities News

Canada concerned about critical metals market manipulation, minister says

By Divya Rajagopal TORONTO (Reuters) -Canada is concerned about market manipulation and dumping in key metals used in electric vehicle batteries, a federal Canadian minister told Reuters, adding the country.

Read More
Commodities News

Crude oil rises after OPEC+ extends output cuts

Brent futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) rose 20 cents, or 0.3%, to $80.17 a.

Read More
Commodities News

Oil steadies on OPEC+, underwhelming China reforms

By Alex Lawler LONDON (Reuters) -Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over.

Read More
Commodities News

Oil settles lower on weak demand despite OPEC+ cut extension

By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by.

Read More
Commodities News

US considers selling Northeast gasoline reserve in 2024 in draft bill

By Laura Sanicola (Reuters) – The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill.

Read More
Commodities News

Crude oil eases as Fed caution outweighs talk of OPEC+ cut extensions

Brent crude futures fell 38 cents, or 0.45%, to $83.27 a barrel by 0110 GMT, while U.S. West Texas Intermediate crude futures (WTI) were down 35 cents, or 0.44%, to.

Read More
Commodities News

Oil rises more than $1/bbl as OPEC+ mulls extending output cuts

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose more than $1 a barrel on Tuesday as sources said OPEC+ is considering extending voluntary oil output cuts into the second.

Read More
Commodities News

Oil market ‘comfortable’ at current prices, says Vitol CEO

By Ron Bousso and Deep Kaushik Vakil LONDON (Reuters) -Global crude oil markets are expected to be fairly stable this year at around $80 a barrel, Russel Hardy, CEO of oil and.

Read More