Commodities News

As the OPEC+ group unwinds its production cuts, the oil market has realized that not only do many producers in the pact lack the capacity to boost output further, but those who can...

Updates posted in past minutes: US orders diplomats' family members to leave its embassy in Kiev, Ukraine Biden is considering sending thousands of US troops to Eastern Europe...

Escalating tensions between Russia and Ukraine have heightened concerns in the European gas market about Russian supplies in the worst-case scenario of an attack that disrupts...

China’s independent refineries in Shandong are on tenterhooks about their oil products sales and the overall situation as they await the outcome of a tax investigation by the local...

Oil prices hit the highest levels since October 2014 this week, prompting renewed pledges from the U.S. Administration to do what it can to relieve prices at the pump for...

GLTR is designed for investors who want a cost effective to invest in precious metals.

Progress on upgrades and new launches were in the focus in Africa. Nigerian National Petroleum Corp., or NNPC, reported on Jan. 2 that upgrade at Port Harcourt continued despite a...

Colombia’s dwindling supplies and failure to attract new foreign investment means its oil industry is unlikely to reach pre-pandemic levels this decade according to Rystad Energy....

Gold is being underpinned because investors are betting the U.S. economy may be in worse shape than the Fed thinks.

U.S. energy firms this week cut oil rigs for the first time in 13 weeks.

Silver, baby! From its close of a week ago (22.99), the white metal has since traded as high as 24.76 — that’s +7.7% — en route to settling yesterday (Friday) at 24.35 for a weekly...

Russia, the world’s third-largest oil producer, has long been an unknown when it comes to the OPEC+ production agreement which caps the petroleum output of participants to support...

About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale...

LIMA (Reuters) – Spanish energy firm Repsol said on Friday a clear-up operation for a major oil spill on the coast near Peru’s capital Lima would take until the end of...

The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López...

Pakistan continues to strengthen its natural gas transmission pipeline network to meet the growing natural gas demand in the county. It accounts for more than 80% of the total...

Leading Economic Indicators where in line with expectations

U.S. West Texas Intermediate crude oil futures are under pressure on Friday, amid an unexpected rise in U.S. crude and fuel inventories, according to a government report released...

The price of WTI crude oil futures are settling at $85.14 to end the trading week. That is down $0.41 or -0.48% on the day. The high price reached $85.56. The low reached...

Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of...

Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast.Friday, January 21st, 2022Leading investment banks...

Supplies were flat week over week according to the EIA

Tensions over Ukraine aren't rattling financial markets so far, but investors still appear likely to snap up traditional safe-haven assets should Russia invade, market watchers...

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