Commodities

Commodities News

Biden touts ‘American manufacturing comeback,’ announces Tennessee charger plant

President Joe Biden on Tuesday announced that an Australian company that makes chargers for electric vehicles will build a manufacturing facility in Tennessee, while reiterating his commitment to turn the.

Read More
Commodities News

Mexico energy bill poses investment risk, top U.S. lobby says

The top U.S. business lobby in Mexico on Tuesday raised concerns about a bill that would strengthen state control of the power market at the expense of private capital, saying.

Read More
Commodities News

Oil Up on Surprise Drop in U.S. Stocks

Oil was up on Wednesday morning in Asia as American Petroleum Institute (API) showed an unexpected drop in U.S. crude and fuel stocks, countering worries over a possible spike in.

Read More
Commodities News

Biden Is Set to Meet With Utilities in New Push for Climate Spending

President Joe Biden is set to meet Wednesday with the leaders of some of the nation’s largest electric utilities, as he continues to push for lawmakers to approve $550 billion.

Read More
Commodities News

Oil prices climb after API data shows surprise drop in U.S. stocks

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.

Read More
Commodities News

Gold Up Despite Growing Expectations on the Fed’s Interesting Hikes and Rising Yie

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.

Read More
Commodities News

Equinor posts record Q4, hikes dividend and share buybacks

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.

Read More
Commodities News

If Russia invades Ukraine, there will be no Nord Stream 2, Biden says

U.S. President Joe Biden on Monday warned that if Russia invades Ukraine, there would be no Nord Stream 2, but did not specify how he would go about ensuring the.

Read More
Commodities News

Exclusive-Mexico’s Pemex sharply cuts oil supply to India as it readies new refinery -sources

Mexico’s state-run oil firm Pemex has sharply reduced crude exports to India, the third largest market for its oil, amid preparations for a new refinery expected to absorb more of.

Read More
Commodities News

Oil slips from 7-year highs ahead of more U.S.-Iran talks

Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the.

Read More