Commodities

Commodities News

CEO of Canada’s Suncor Energy steps down after latest site fatality

By Abinaya V and Nia Williams (Reuters) -Suncor Energy Inc said on Friday its chief executive, Mark Little, has stepped down after a string of fatalities at Canada’s third-largest oil.

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Canada sees potential for ‘movement’ on U.S. lumber dispute -minister

By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -Canada sees the potential for some movement toward settling a longstanding dispute with the United States over softwood lumber tariffs as the.

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Commodities News

Gold Locked at $1,740 as Bulls Seek Direction

By Barani Krishnan Investing.com — Call it “goldilocks” of the literal kind. Far from the concept of an ideal economic state where things aren’t expanding or contracting too much, the.

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Global food prices decline for third straight month in June

The UN Food and Agricultural Organization’s (FAO) Food Price Index averaged 154.2 points in June, down from 157.9 in May, 158.4 in April and the record of 159.7 points in.

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Government extends grace period for sugar exports to July 20

Mills in the world’s biggest sugar producer are now allowed to export the sweetener until July 20, the government said in a notification, pushing back a previous date of July.

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Govt asks edible oil cos to cut price by up to Rs 10/litre, maintain uniform MRP of same brand oil

As India imports more than 60 per cent of its edible oil requirement, retail prices came under pressure in the last few months taking cues from the global market. Amid.

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Thousands of Sydney residents return home to assess damage as flood waters recede

SYDNEY (Reuters) – Clear skies in Sydney on Friday brought relief to Australia’s largest city after nearly a week of downpours, with thousands of residents returning home to take stock.

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Gold Down, Dollar Softens on Easing Growth Fears

By Zhang Mengying Investing.com – Gold was down on Friday morning in Asia although growth fears seem to ease.  Gold futures inched down 0.01% to $1,739.60 by 11:07 PM ET (0307 GMT). The dollar which.

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Business Commodities News

Oil dips on recession fears but tight supply caps decline

By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices slipped in Asian trade on Friday as recession fears continued to weigh on sentiment, though worries over tight global supplies.

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Oil Up over Tight Global Supplies

By Zhang Mengying Investing.com – Oil was up on Friday morning in Asia on worries over tight global supplies. Brent oil futures rose 0.51% to $105.19 by 12:18 AM ET (0418.

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