Commodities News

An interesting weekend item from Reuters about oil, but also about circumventing trade payments in the dominant USD - helping Russia to de-dollarise its economy.Indian refiners...

Venezuela’s Paraguana refinery complex is soon to begin a 100-day overhaul to reclaim its crude distillation capacity, anonymous Reuters sources suggested on Friday, with work set...

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that new price caps by the West on Russian oil products would build on the crude oil cap set in...

The shift in seaborne crude oil volumes was rather obvious during 2022, with the surge of exports from Saudi Arabia quite notable. In its latest weekly report, shipbroker Banchero...

In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 2022), consolidated revenues amounted to ¥2,050.1 billion (increased by ¥374.2...

President Joe Biden’s administration said on Wednesday it would support a scaled-back version of ConocoPhillips (NYSE:COP)’ planned $6 billion Willow oil and gas drilling project...

Asia’s naphtha crack lingered near eight-month highs on Friday and posted a weekly gain of about 63%, mirroring the strength in Northwest Europe margins, traders said, while...

Drastic change in the natural gas outlook A late start to the 2022/23 heating season saw Europe building gas storage almost until mid-November. At a little more than 95% full,...

Iranian Oil Minister Javad Oji has said the country’s incomes from the sales of oil, natural gas, gas condensate, and petroleum products in the first 10 months of the current...

Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban...

1. Consolidated Financial Highlights ( from April 1, 2022 to September 30, 2022 ) (2) Financial Position 2. Dividends 3. Forecast for the Fiscal Year Ending March 31, 2023 4....

EU countries agreed on Friday on a European Commission proposal to set price caps on Russian refined oil products, the Swedish presidency of the European Union said. EU diplomats...

WTI crude oil futures settled at $73.39 today. That was down -$2.49 or -3.28%. The high price reached $78.00 today. The low reached $73.13. The price traded to the lowest level...

U.S. oil futures settled lower on Friday, hitting their lowest in a month. It was another rough week for oil as “cooling optimism over the demand outlook and rising U.S. stockpiles...

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Gold futures settled Friday at their lowest in more than three weeks, down 2.7% from last Friday’s finish. Gold took a hit because “the positive surprise on the jobs number is a...

EU members have agreed to support a price cap level of $100 per barrel on Russian diesel sales to third-party countries, people familiar with the matter told Bloomberg on Friday...

Crude oil prices fell on Friday afternoon following reports of strong U.S. jobs data, with WTI crashing by more than 2.5% to $73.88 The U.S. January jobs report indicates that the...

The bloc agreed to cap sales of premium products such as diesel at $100 a barrel and limit low-value ones such as fuel oil to $45 a barrel.

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell by 10 to 599 this week. That followed declines in each of the two previous weeks. The...

U.S. natural gas futures fell about 3% to a 25-month low on Friday on forecasts for less cold weather and lower heating demand over the next two weeks than previously expected....

Russia’s budget revenues from oil and gas plunged in January by 46% compared to the same month last year due to the sanctions on Russian oil exports, which led to a slump in the...

Oil is on course for a second straight week of losses, with investors hoping for clearer signs of recovering fuel demand in China to offset an economic slump across the West. Both...

Oil prices are under pressure from a slew of bearish news coming out of the United States this week, but the looming EU embargo on Russian oil products could still change...

U.S. West Texas Intermediate crude oil futures dipped on Thursday, putting the March futures contract in a position to finish lower for the week. Weaker-than-expected economic data...

1. US Oil Majors Pull Ahead of Their European Peers- As European oil companies press ahead with their renewable energy projects and adapt to continent-wide windfall taxes, US oil...

Gold futures drop below $1,900 an ounce on Friday as a much better-than-expected U.S. monthly jobs report strengthens the dollar.

Russia sees no need to reduce its output of petroleum products as the EU embargo on imports of Russian fuels kicks in on February 5, Russian Energy Minister Nikolai Shulginov said...

Oil settles after a volatile start to 2023 Oil prices are a little lower again at the end of the week, settling it seems somewhere around the middle of the new year range. Sweeping...

Oil futures edge lower, on track for a weekly fall, as traders await clarity on China's demand picture in the wake of the Lunar New Year holiday.

Russia is considering taxing its oil firms based on the price of Brent – instead of its flagship grade Urals – to limit the fallout on the Russian budget revenues due to the...

Residual fuel oil stocks at key trading hub Singapore rose after declining for three straight weeks, led by an uptick in supplies from Brazil, Indonesia and Kuwait, official data...