Commodities

Commodities News

Brent climbs above $120/bbl after Saudi Arabia hikes crude prices

By Florence Tan and Sonali Paul SINGAPORE (Reuters) -Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in.

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India’s Crude Basket Price On The Rise; No Cut In Fuel Rates Anytime Soon

The already-elevated India’s crude oil basket price is rising, with the average cost for June jumping to over $115 per barrel. The already-elevated India’s crude oil basket price is rising,.

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Senegal leader says Putin showed readiness to free up Ukrainian grain exports

By Mark Trevelyan LONDON (Reuters) -Senegal’s President Macky Sall said Russia’s Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease.

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EU blacklists wife of Russian billionaire Melnichenko to curb bypassing sanctions

BRUSSELS (Reuters) – The European Union on Friday blacklisted Aleksandra Melnichenko, the wife of Andrey Melnichenko, a previously sanctioned Russian billionaire who Reuters revealed had reassigned his companies to her.

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Iran vows ‘immediate response’ to any Western move against it at IAEA

DUBAI (Reuters) – Iran vowed on Friday to show an “immediate response” to any move against it by the United States and European countries at the U.N. nuclear watchdog IAEA,.

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Ukraine says its troops have pushed back Russian advance in eastern city

SIEVIERODONETSK, Ukraine (Reuters) – Ukraine said it had recaptured a chunk of the factory city of Sievierodonetsk, the focus of a Russian offensive to take the eastern Donbas region, and.

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Oil Nudges $120 as Biden Doubts Will Make Saudi Visit to See Crown Prince 

By Barani Krishnan Investing.com — Crude prices settled at almost $120 a barrel on Friday after President Joe Biden played down the likelihood that he will travel to Saudi Arabia.

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High fuel prices hurt – but not equally for Walmart and Target

By Lisa Baertlein, Tina Bellon and Siddharth Cavale (Reuters) – For Walmart (NYSE:WMT) and Target , location matters – especially when it comes to transportation costs. An analysis by Reuters shows that.

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Oil Drops Over a Percent After OPEC+ Price Increase, Demand and Supply Pressure

by Daniel Shvartsman Investing.com — Crude oil prices dropped in early Friday trading in the wake of OPEC+’s announcement to increase production and a myriad of crosswinds in the volatile,.

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U.S. Interior must weigh climate impacts of oil, gas leasing -settlement

By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres (1.6 million hectares) of federal.

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