Commodities

Commodities News

US power/natgas prices soar as heat wave boosts air conditioning use

(Reuters) – U.S. power and natural gas prices spiked in several regions on Thursday as homes and businesses cranked up air conditioners to keep cool as a brutal heat wave blanketed most.

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Oil slumps as stockpiles and rate hikes stoke demand fears

By Laila Kearney NEW YORK (Reuters) -Oil prices fell by more than $5 on Thursday on higher U.S. gasoline stockpiles and after an ECB rate hike stoked demand worries, while.

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Mexico stands firm on energy policy after Canada joins U.S. demand

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday said his government had not violated a regional trade agreement, responding to news that Canada had joined a.

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Crude Oil Lower; ECB Hike Adds to Demand Growth Worries

By Peter Nurse    Investing.com — Oil prices slumped Thursday, with aggressive monetary policy tightening and larger than expected U.S. gasoline inventories prompting demand worries while Russia’s move to return gas.

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Russia restarting major gas pipeline, expands Ukraine war goals

(Reuters) -Russia is resuming supplies of gas via a major pipeline to Europe on Thursday, the pipeline operator said, amid concerns Moscow would use its vast energy exports to push.

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Oil prices extend losses as demand concerns outweigh tight supply

By Florence Tan (Reuters) – Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand.

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Biden stops short of declaring climate emergency, takes steps on wind power

By Jeff Mason and Timothy Gardner SOMERSET, Mass./WASHINGTON (Reuters) -U.S. President Joe Biden said on Wednesday that climate change is an emergency but stopped short of a formal declaration, announcing.

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Gold Down as Investors Expect Interest Rate Hikes

By Zhang Mengying Investing.com – Gold was down on Thursday morning in Asia and fell to the lowest in nearly a year as investors expect interest rate hikes by major.

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Oil Prices Drop as Demand Worries Overtake Supply Concerns

By David Ho Investing.com – Oil prices fell on Thursday, continuing a trend sparked by growing demand concerns after U.S. government data showed tepid gasoline demand despite tight global supply..

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Explainer: Can U.S. port infrastructure handle more crude exports?

By Stephanie Kelly NEW YORK (Reuters) – U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia’s invasion of Ukraine and subsequent sanctions against Moscow..

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