Commodities

Commodities News

Biden Shrugs Off Revenue Impact of Potential Gas-Tax Pause in Latest Hint 

(Bloomberg) — President Joe Biden preemptively defended a potential suspension of the federal gasoline tax, saying it wouldn’t hurt road-building projects — the latest signal he’s leaning toward urging Congress.

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Chevron CEO calls on White House to stop criticizing oil industry

HOUSTON (Reuters) – Chevron (NYSE:CVX) Chief Executive Michael Wirth on Tuesday rebutted White House officials’ criticism of the oil industry over energy costs, saying bringing down fuel prices will require a change.

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Oil ticks higher on strong demand, tight supply

By Arathy Somasekhar HOUSTON (Reuters) -Oil rose about 1% on Tuesday on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of.

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Oil prices skid as Biden pushes for U.S. fuel cost cuts

By Sonali Paul and Mohi Narayan (Reuters) -Oil prices dived more than $4 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel.

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Gold Down Ahead of Fed Chair’s Testimonies

By Zhang Mengying Investing.com – Gold was down on Wednesday morning in Asia as the U.S. dollar firmed ahead of U.S. Federal Reserve Chair’s two-day testimony where investors are expecting.

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Record number of travelers to hit U.S. roads for July 4 weekend -AAA

(Reuters) – A record 42 million people around the United States are expected to hit the road for trips over the July 4 Independence Day weekend, AAA said Tuesday, absorbing.

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Oil Up over Supply Concerns

By Zhang Mengying Investing.com – Oil was up on Tuesday morning in Asia as worries about tight supplies grew. Brent oil futures rose 0.97% to $115.24 by 12:07 AM ET (4:07.

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Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel

By Laura Sanicola (Reuters) – A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of.

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Column-Australia’s power crisis will lead to more solar and regulation: Russell

By Clyde Russell LAUNCESTON, Australia (Reuters) – It defies logic that one of the world’s biggest exporters of liquefied natural gas (LNG) and coal is struggling to ensure enough domestic supplies to.

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Petrol, Diesel Prices Remain Steady Across Metros. See Rates

Petrol and diesel prices on Tuesday remained unchanged across metro cities for a month. New Delhi:  Petrol and diesel prices on Tuesday remained unchanged across metro cities for a month. On.

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