Commodities

Commodities News

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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U.S. Crude Inventories Dropped by 5.07 Million Barrels Last Week: EIA

Investing.com — U.S. oil stockpiles fell by more than expected last week, the Energy Information Administration said on Thursday. Crude oil inventories fell by 5.068 million barrels last week, compared with analysts’.

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OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

By Maha El Dahan, Rowena Edwards and Aziz El Yaakoubi DUBAI/LONDON/RIYADH (Reuters) -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses.

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Oil prices sit tight as OPEC+ plan disappoints

By Sonali Paul MELBOURNE/SINGAPORE (Reuters) -Oil prices moved in a thin range on Friday as markets shrugged off the decision of OPEC+ to increase production and questioned whether the incremental.

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Zelenskiy expects more weapons as battle for Ukraine’s east rages

By Oleksandr Kozhukhar LVIV, Ukraine (Reuters) -Ukraine expects to receive more weapons from allies after a new U.S. pledge of help, President Volodymyr Zelenskiy said, as the battle for Ukraine’s.

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Tight Asia capacity limits room for new LNG ships – Korea Shipbuilding exec

By Joyce Lee and Florence Tan SEOUL (Reuters) – Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove.

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Saudi Arabia to raise oil production if Russian output falls under sanctions- FT

(Reuters) – Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday,.

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Australia set for 3rd year of bumper wheat harvests, easing world supply woes

By Naveen Thukral SINGAPORE (Reuters) – Australia is poised for a third year of near-record wheat production in 2022 as good weather boosts planting across its grain belt, easing concerns.

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Oil Down, Investors Await OPEC+ Meeting

By Gina Lee Investing.com – Oil was down on Thursday morning in Asia, falling by around $3 a barrel in early Asian trading. Investors cashed in on a recent rally with.

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