Commodities

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Ukraine war food price spikes may push 40 million into extreme poverty-development group

WASHINGTON (Reuters) – Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development.

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Oil in 2nd Weekly Loss, But a Barrel Still Above $100

By Barani Krishnan Investing.com — Oil prices logged a second weekly loss as the Russia-Ukraine war premium dipped from its highs of two weeks ago. But keeping the market below.

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Biden administration plans to resume plans for federal oil and gas development

(Reuters) -The Biden administration on Friday said it would resume plans for oil and gas development on federal lands following a court ruling this week that temporarily restored a measure.

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Oil jumps on lack of progress in Russia-Ukraine talks 

MELBOURNE (Reuters) – Oil prices extended their rally on Friday at the end of a third volatile week of trade as there was slim progress in peace talks between Russia.

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U.S. House backs removal of ‘most-favored’ trade status for Russia, Belarus 

By Patricia Zengerle WASHINGTON (Reuters) -The U.S. House of Representatives overwhelmingly backed legislation on Thursday to remove “most favored nation” trade status for Russia and Belarus over the invasion of.

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Indonesia hikes palm oil export levy to maximum $375 per tonne 

By Bernadette Christina JAKARTA (Reuters) – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking.

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Occidental signs four-year deal with jet-maker Airbus for carbon credits 

By Sabrina Valle HOUSTON (Reuters) -Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s.

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Oil Steadies Near $103 After Jumping on Doubts Over Peace Talks 

(Bloomberg) — Oil was steady in Asia — after the biggest daily surge in 16 months pushed prices back above $100 a barrel — as the Kremlin cast doubt on.

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Oil Edges Higher After Three-Day Slide as Volatility Continues

(Bloomberg) — Oil clawed back some losses after a three-day slide as investors weighed the fallout from Russia’s invasion of Ukraine and virus lockdowns in China. Futures in New York.

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U.S. appeals court restores Biden climate risk measure for now

(Reuters) -A federal appeals court on Wednesday allowed the Biden administration to continue, at least temporarily, using Obama-era values for calculating climate change costs in government decisions. The stay granted.

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