Commodities

Commodities News

Oil eases on weak US fuel demand, profit taking

By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation.

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China issues rare earth regulations to further protect domestic supply

BEIJING (Reuters) – China has unveiled a list of rare earth regulations aimed at protecting supplies in the name of national security, laying out rules on the mining, smelting and.

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China steps up pressure with EU brandy probe hearing as EV tariffs begin

By Joe Cash BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission’s provisional.

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Exxon Mobil expects oil prices to boost second-quarter earnings

(Reuters) -Exxon Mobil said on Monday changes in oil prices would increase the company’s second-quarter upstream earnings by $300 million to $700 million compared with the first quarter. The oil.

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In race to regain rare earth glory, Europe falls short on mineral goals

By Eric Onstad LONDON (Reuters) -Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, churning out materials used to.

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Oil prices to stay steady as China demand woes offset Mideast risks

By Rahul Paswan and Kavya Balaraman (Reuters) -Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply.

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Commodities News

Oil eases on weak US fuel demand, profit taking

By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation.

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Commodities News

Oil producers led by Saudis extended supply cuts amid slack prices

The OPEC+ statement didn’t say what would happen to an additional set of voluntary cuts that include a reduction of 2.2 million barrels a day by a smaller group of.

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Analysts see crude around $60 in medium term, to curb India’s import bill

“We believe risks to a strong oil price outlook in the medium term are rising as OPEC+ strategy shifts from ‘managing’ oil prices to ‘protecting market share’,” said Motilal Oswal.

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Crude import bill up 21.4% in April-May

Discounts on Russian oil narrows. India’s crude oil imports in the first two months of the current fiscal increased by almost 6% to 43.1 million tonnes from 40.6 million tonnes.

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