Commodities News

The direction of the March WTI crude oil market on Wednesday is likely to be determined by trader reaction to the pivot at $52.69.

The prices of oil surged on January 27, 2021, after the latest data showed an unexpected decline in US crude stockpiles. China also reported its lowest daily rise in COVID-19 cases...

Magna Gold (OTCQB:MGLQF) has appointed Mr. Colin Sutherland as Chief Financial Officer.

Methanol offers significant greenhouse gas savings as a bunker fuel but demand for its use in other sectors along with limits on availability are preventing wider uptake, at least...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO Gasoil) in the main world hubs) slightly increased on Jan.26: 380 HSFO – USD/MT – 365.45 (+1.00)...

Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020’s depressed level, as the rollout of vaccines and fiscal stimulus programs will help the global...

Oil and gas plays a key role in running our world, from powering homes and businesses to keeping the transportation infrastructure running. Our lives wouldn’t be the same without...

Upstream mergers and acquisitions activity plummeted in 2020 due to the Covid-19 outbreak. Deal flow will almost certainly rebound in 2021 as the world recovers – but there are...

Hindustan Petroleum Corporation Limited (HPCL) has launched IMO-2020 compliant Very Low Sulphur Fuel Oil (VLSFO) for shipping industry ahead of the deadline of January 1. The...

Gold prices are currently moving sideways in a tight range as traders await a fresh fundamental spark to ignite the precious metals next big move.

Oil markets supported by surprise API drop The near three-week sideways consolidation continued for oil overnight, with yet another directionless range-trading session. The gentle...

Oil markets supported by surprise API drop The near three-week sideways consolidation continued for oil overnight, with yet another directionless range-trading session. The gentle...

The idea that crude oil could ever again hit three-digit price levels may sound ridiculous at a time when slack demand amid a pandemic has oil stuck in the $50s. Yet one thing any...

Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year. Companies in the sector will...

Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most...

Oil prices were little changed on Tuesday as coronavirus deaths globally continued to rise and weighed on the demand outlook, but losses were capped by reports of a blast in Saudi...

US crude oil inventory draws likely resumed during the week ended Jan. 22 as refinery runs continued to normalize, an S&P Global Platts analysis showed Jan. 25. US commercial...

The Eastern Mediterranean in a decade went from an 'empty sea' towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains several...

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.272 million barrels for the week ending January 22. Analysts had predicted an...

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International Monetary Fund...

The weather remains mixed

Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund...

Home prices surge

The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion...

New York City's top pension funds will cut out $4 billion in fossil-fuel investments, following through on an earlier pledge, Mayor Bill de Blasio and Comptroller Scott Stringer...