Commodities

Commodities News

China’s May oil imports from Russia soar 55% to a record, surpass Saudi supply

By Chen Aizhu SINGAPORE (Reuters) -China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners.

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Commodities News

Oil Down, After 6% Slump on Economic Concerns

By Zhang Mengying Investing.com – Oil was down on Monday morning in Asia over tight supplies and concerns about slowing economic growth and fuel demand. It slid 6% during the.

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Gold Up Over Weakening U.S. Dollar

By Zhang Mengying Investing.com – Gold was up on Monday morning in Asia as the U.S. dollar weakened ahead of a U.S. holiday. Gold futures were up 0.34% to $1,846.80 by12:30.

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India Likely To Cap Sugar Exports In Next Season: Report

India is likely to impose a ceiling on sugar exports for a second straight year starting this October, aiming to ensure ample domestic supplies MUMBAI:  India is likely to impose.

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Recession Worries, Dollar Gains Sink Oil By 6% To 4-Week Lows

Oil prices tumbled about 6 per cent to a four-week low on Friday on worries that interest rate hikes could slow the global economy and cut demand. Oil prices tumbled.

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Oil rises on tight supply though interest rate hikes weigh

By Bozorgmehr Sharafedin LONDON (Reuters) – Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest.

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Exclusive: China firms in advanced talks with Qatar for gas field stakes, LNG offtake – sources

By Chen Aizhu SINGAPORE (Reuters) – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world’s largest liquefied natural gas (LNG).

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With record pump prices, Biden hard-pressed to ramp up Russia sanctions

By Timothy Gardner WASHINGTON (Reuters) – As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American.

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Bordeaux region bans outdoor events as heat wave hits France

PARIS (Reuters) – The Gironde department around Bordeaux banned outdoor public events and those at indoor venues without air conditioning, a local official told public radio on Friday, as France.

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Glencore Rises After Smashing Forecasts with Trading Profit

By Geoffrey Smith Investing.com — Glencore (LON:GLEN) stock rose 2.5% in early trading in London on Friday, putting it at the top of the FTSE 100 index, after it said it had cashed in.

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