Commodities

Commodities News

Berlin wants to reduce gas use by 2% with new regulations – officials

BERLIN (Reuters) – New measures to reduce Germany’s gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies,.

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Mexico’s Pemex requests $6.5 billion more funding for ‘Dos Bocas’ refinery -documents, source

By Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) -Mexico’s state-oil company Pemex requested this week almost $6.5 billion in additional funding from the government to pay for works.

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Alaska diesel spill of 18,000 gallons contained, may be from valve seal failure

(Reuters) -A spill of about 18,000 gallons (81,830 liters) of diesel fuel at North Slope Borough’s Point Lay tank farm in Alaska has been contained, thought to have been caused.

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Oil falls 2% on expectations that U.S. Gulf supply disruption will ease

By Stephanie Kelly NEW YORK (Reuters) -Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears.

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U.S. tightens export controls on advanced chip, gas turbine engine tech

By David Shepardson WASHINGTON (Reuters) -The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said.

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Oil leak affecting U.S. offshore output contained at port station, Shell says

By Arathy Somasekhar and Laila Kearney HOUSTON (Reuters) – Top U.S. Gulf of Mexico oil producer Shell (LON:RDSa) said on Thursday it halted production at three U.S. Gulf of Mexico.

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Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation

By Ambar Warrick Investing.com– Gold prices retreated on Friday, as hawkish comments on interest rate hikes by the Federal Reserve outweighed optimism over signs of cooling U.S. inflation. As of.

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Oil Prices Cool, but Eye Strong Week on Demand Hopes

By Ambar Warrick  Investing.com– Oil prices were muted on Friday, but were headed for strong weekly gains on the back of easing inflation risks, a strong demand forecast, and the prospect.

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Oil leak contained at three U.S. Gulf platforms on pipeline outage, Shell says

By Arathy Somasekhar and Laila Kearney HOUSTON (Reuters) -Top U.S. Gulf of Mexico oil producer Shell (LON:RDSa) said on Thursday it halted production at three U.S. Gulf of Mexico deepwater.

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Oil edges lower as supply disruption concerns ease

By Laura Sanicola and Muyu Xu SINGAPORE (Reuters) -Oil prices slipped in Asia on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased.

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