Commodities

Commodities News

Western companies’ pullout from Russia expected to accelerate

By Ross Kerber and Ron Bousso (Reuters) -More Western companies are expected to pull out of Russia on Tuesday, as corporations and investors across industries follow the lead of energy.

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Commodities News

U.S. to release 30 million barrels of oil, aims to end ‘weaponization’ of Russian oil

WASHINGTON (Reuters) -The United States vowed on Tuesday to release 30 million barrels of oil as part of a global 60 million barrel pledge in an effort to shore up.

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IEA members agree 60 million barrel oil stocks release after Russian invasion

By Yuka Obayashi and Noah Browning TOKYO (Reuters) – Members states of the International Energy Agency (IEA) agreed on Tuesday to release 60 million barrels from oil reserves, Japan’s industry.

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Column-BP abandoning Russia shows disruption to commodities will be profound: Russell

By Clyde Russell LAUNCESTON, Australia (Reuters) – BP (NYSE:BP)’s decision to abandon its stake in oil giant Rosneft is the first high-profile example of the self-sanctioning by companies of their.

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Oil surges on Russia nuclear alert as sanctions intensify

MELBOURNE (Reuters) – Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country’s nuclear deterrent on high alert in the face.

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Column-Fund grain, oilseed buying underwhelms ahead of war-induced selloff – Braun

By Karen Braun FORT COLLINS, Colo. (Reuters) – Chicago grain and oilseed futures made a huge run early last week as tensions rapidly escalated between Russia and Ukraine, but it.

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Russia faces major disruptions to oil, commodities flows without SWIFT

LONDON, Feb 27 (Reuters) – Russian exports of all commodities from oil and metals to grains will be severely disrupted by fresh Western sanctions, dealing a blow to Russia’s economy.

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Ukraine’s Naftogaz shuts Shebelinsky oil refinery due to risk from hostilities

KYIV (Reuters) – Ukraine’s state energy firm Naftogaz said on Saturday it had evacuated all staff from its Shebelinsky oil refinery located in the eastern Kharkiv region and suspended operations.

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Commodities News

Food commodity prices soar as Russia invades Ukraine

Dive Brief: Key food commodity prices hit their highest point in nearly a decade as Russia launched its invasion of Ukraine on Thursday. The Chicago Board of Trade May wheat.

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Oil could jump back above $100 as traders assess Russia SWIFT ban, analysts say

By Ahmad Ghaddar LONDON (Reuters) – A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well.

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