Commodities

Commodities News

Oil up over $2/bbl as hopes fade for OPEC+ supply boost

By Laila Kearney NEW YORK (Reuters) -Oil prices settled up more than $2 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the.

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Business Commodities News

Exxon, Chevron post blowout earnings, oil majors bet on buybacks

By Sabrina Valle (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for.

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Commodities News

Gold Bulls Pop the Bubbly on U.S. Recession; Big Week vs 4th Month in Red

By Barani Krishnan Investing.com — ‘Never mind the bubbly, will this last?’ — the naysayers in gold can be heard asking. ‘Of course!’ bulls in the space retort as charts.

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Commodities News

Oil prices steady as market weighs tight supply against recession fears

By Sonali Paul and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and.

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Commodities News

Russia’s Sakhalin Energy tells LNG buyers to pay via Moscow bank, change currency

By Florence Tan and Yuka Obayashi SINGAPORE (Reuters) -Russia’s Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to make payments via a Moscow unit of a European bank.

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Commodities News

Exclusive-Mexico’s Pemex expects rare annual profit – CEO

By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black.

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Commodities News

Oil Up on Tight Supply as Attention Turns to OPEC+ Meeting

By Zhang Mengying Investing.com – Oil was up on Friday morning in Asia. Investors now focus on the Organization of the Petroleum Exporting Countries and allies (OPEC+)’s meeting next week,.

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Commodities News

Gold Up over Weakening Dollar as Expectations of Aggressive Fed Hike Recede

By Zhang Mengying Investing.com – Gold was up on Friday morning in Asia as expectations of aggressive interest rate hikes from the U.S. Federal Reserve receded. Gold futures were up 0.40%.

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Commodities News

More Oil Middlemen Muscle in to Supply India with Russian Crude

(Bloomberg) — India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels.

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Commodities News

Gold Jumps 1.8%; Biggest Rally Since March as U.S. Enters Recession

By Barani Krishnan Investing.com — A U.S. recession means different things to different investors. To those in stocks, it was an opportunity to chase up stock prices on the reasoning.

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