Commodities

BUDAPEST (Reuters) – Hungary’s government has decided to extend a cap on fuel prices for another three months beyond its expiry due on Tuesday, Prime Minister Viktor Orban said in.

Gold was down on Friday morning in Asia, with stronger-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker increasing bets of a substantial interest rate hike. U.S..

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of.

Japan is weighing further measures to help blunt a sharp rise in fuel prices and minimise the impact on people’s lives and economic activities, the industry minister said on Thursday,.

Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude.

Oil prices climbed on Wednesday after two sessions of losses as industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from.

Gold was up on Wednesday morning in Asia given the ongoing pressure from U.S. inflation. However, rising U.S. treasuries yield and growing expectations on U.S. Federal Reserve interest rate hikes kept.

Norway’s Equinor posted record pretax profits for the fourth quarter on Wednesday, driven by a boom in oil and gas prices and said it will raise its dividend and increase.

The Biden administration is in talks with both oil-producing and consuming countries to tackle high oil prices, White House spokeswoman Jen Psaki said on Tuesday, adding that all options are.

U.S. crude stockpiles fell more than expected last week just as traders price in the prospect of increased global supplies as the U.S. and Iran are believed to be nearing.