Commodities News

US crude inventories surge Energy has dominated the headlines for the past 24 hours. Yesterday, the EIA crude oil inventory report showed stockpiles surged to a record with a...

The Houthi rebels in Yemen claimed they have struck an Aramco facility in Jeddah in a missile attack, Russia’s Sputnik reports, citing a statement by the rebel group. The...

Silver continues to test the nearest support level at $25.85.

In this research article, we’re going to focus on Gold and how current price action suggests a bottom is likely near the $1720 level.

Gold futures trade lower Thursday with bullion near its lowest in nearly nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding near their highest...

Noida, March 04, 2021 (GLOBE NEWSWIRE) -- A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global digital...

Components manufacturing group Techfast Holdings Bhd is proposing to diversify into the trading of petroleum products, oil bunkering, and other related businesses. Executive...

Energy Looking at the price action in oil yesterday, one wouldn’t think that we saw the largest US crude oil build on record, with stocks increasing by almost 21.6MMbbls over the...

Abu Dhabi National Oil Co., the UAE’s biggest energy producer, expects oil demand to be “robust” and crude consumption to return to pre-COVID-19 levels by the end 2021 amid...

The world is still likely “a long way away” from seeing a treaty that would allow Iranian crude oil exports and production to be fully restored, chief economist for commodities...

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, the Wall Street Journal reported on Thursday, citing sources familiar with the...

The EIA is scheduled to release its weekly storage report at 15:30 GMT. NGI’s model estimated a 135 Bcf withdrawal for the week-ended February 26.

Oil futures trade edge higher as traders await a decision from the Organization of the Petroleum Exporting Countries and its allies on whether to ease production curbs as they...

Seadrill (SDRLF) reports a $2.91B loss for H2 2020, including a $2.9B non-cash impairment on its assets due to a bleak outlook for the offshore oil drilling sector.The H2 writedown...

Oil – all eyes on OPEC+ After an impressive 2.5% rally in the previous session, oil is extending those gains on Thursday ahead of the keenly-awaited OPEC+ meeting and despite a...