Commodities

Commodities News

Oil rebounds as new Iran sanctions fuel more supply concerns

By David Gaffen NEW YORK (Reuters) -Oil prices rose on Thursday in topsy-turvy trading after the United States announced new sanctions on Iran, and as energy markets stayed focused on.

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Commodities News

Mexico workers end strike at ArcelorMittal plant, reach agreement – union

MEXICO CITY (Reuters) – Workers at a Mexican plant of ArcelorMittal (NYSE:MT) have called off a brief strike after reaching an agreement with the world’s largest steelmaker over profit-sharing, the.

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Commodities News

WTO approves package of trade deals, prompting cheers

GENEVA (Reuters) – The World Trade Organization’s members approved on Friday a package of trade deals, including pledges on health, reform and food security, struck after more than five days.

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Commodities News

Global Energy Shortage Is Making Gas Too Pricey for Asian Buyers

(Bloomberg) — A breakneck rally in Asian natural gas spot prices is forcing some importers to halt plans to buy additional shipments of the power plant fuel. North Asia spot liquefied natural.

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U.S. steps up heavy crude imports as Biden blasts profiteering

By Arathy Somasekhar HOUSTON (Reuters) – U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and.

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Commodities News

Jet Fuel Prices Skyrocket To Record High After Steepest Ever Hike Of 16%

Oil marketing companies announced a hike in aviation turbine fuel (ATF) on Thursday Aviation turbine fuel (ATF) prices skyrocket to a record high after the steepest ever rate increase of.

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Commodities News

Oil Prices Resurge To $120 A Barrel On Tight Supplies; After Steep Drop

Oil prices recovered from a steep drop, supported by tight oil supply and peak summer consumption. SINGAPORE:  Oil prices recovered on Thursday from a steep drop in the previous session,.

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Commodities News

Russian gas flows to Europe fall further amid diplomatic tussle

By Nina Chestney LONDON (Reuters) – Russian gas supply to Europe fell further on Thursday, sparking concerns about refilling storage for winter and igniting a diplomatic tussle as Russian supplier.

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Business Commodities News

Oil prices recover on tight supplies, firm demand outlook

By Florence Tan SINGAPORE (Reuters) -Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty.

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Commodities News

Top producer Russia thwarts move to redefine ‘conflict diamonds’

By Helen Reid JOHANNESBURG (Reuters) – Russia, supported by Belarus, Central African Republic, Kyrgyzstan and Mali, has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead.

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