Commodity News

Oil prices rise on rising Middle East tension, ongoing OPEC supply cut
Oil prices rise on rising Middle East tension, ongoing OPEC supply cut
© Reuters. FILE PHOTO: A view shows a drilling rig in the Irkutsk Oil Company-owned Yarakta Oil Field in Irkutsk Region By...
Commodity News 3 hours ago
Gold Rebounds as Wall Street Falls on Huawei, China Worries
Gold Rebounds as Wall Street Falls on Huawei, China Worries
By Barani Krishnan More China troubles, albeit of a tech kind this time, are supporting gold as it seeks a return to $1,300...
Commodity News 8 hours ago
Oil off Highs as Russians Differ With Saudis on Output Cuts
Oil off Highs as Russians Differ With Saudis on Output Cuts
© Reuters. By Barani Krishnan Sometimes the best ally can only be a little better than the enemy. Saudi Energy Minist...
Commodity News 10 hours ago
Saudis Talk Tough at OPEC+, But Oil Market Remembers 2018 U-Turn
Saudis Talk Tough at OPEC+, But Oil Market Remembers 2018 U-Turn
© Bloomberg. A crew man stands on the deck of the crude oil tanker 'Devon' as it sails through the Persian Gulf towards Kharq Island oil terminal to tr...
Commodity News 14 hours ago
Oil Prices Fall as Iran Calls Trump Comments ‘Genocidal Taunts’
Oil Prices Fall as Iran Calls Trump Comments ‘Genocidal Taunts’
© Reuters. Crude prices were volatile on Monday as uncertainty over whether Russia would agree to extend production c...
Commodity News 14 hours ago
What to trade on May 20-24
What to trade on May 20-24
Speech by the Fed Chair Jerome Powell (Tue, 02:00 MT) – The Fed chair is due to speak during the Financial markets conference in Florida. His comments...
Commodity News 15 hours ago
OPEC Signals Intention to Keep Limits on Oil Supply All Year
OPEC Signals Intention to Keep Limits on Oil Supply All Year
© Bloomberg. An employee collects a sample of light refined diesel fuel for quality control testing at a facility in the Duna oil refinery, operated by...
Commodity News 16 hours ago
Tainted oil hits Russian revenues but rouble immune for now
Tainted oil hits Russian revenues but rouble immune for now
© Reuters. FILE PHOTO: An oil refinery located on a branch of the Druzhba oil pipeline, which moves crude through the pipeline westwards to Europe, is...
Commodity News 16 hours ago
Exclusive: Western buyers freeze Russian payments over dirty oil outage
Exclusive: Western buyers freeze Russian payments over dirty oil outage
© Reuters. FILE PHOTO: A model of a pipeline is seen at the main entrance to the Gomel Transneft oil pumping station near Mozyr...
Commodity News 17 hours ago
Oil traders try to ship dirty Russian crude to Asia
Oil traders try to ship dirty Russian crude to Asia
© Reuters. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga...
Commodity News 17 hours ago
Gold Prices Flat as U.S. Dollar Edges Up
Gold Prices Flat as U.S. Dollar Edges Up
© Reuters. Gold prices were trading near flat on Monday in Asia as the U.S. dollar edged up. Gold Futures for June de...
Commodity News 23 hours ago
Oil Prices Jump as OPEC Signals Continued Production Cuts
Oil Prices Jump as OPEC Signals Continued Production Cuts
© Reuters. Oil prices jumped on Monday in Asia after OPEC+ members indicated intentions to maintain production cuts fo...
Commodity News 23 hours ago
Oil jumps as Saudi Arabia suggests OPEC+ to keep production cut plan
Oil jumps as Saudi Arabia suggests OPEC+ to keep production cut plan
© Reuters. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang By Colin Packham SYDNEY (Reut...
Commodity News 1 days ago
Saudi energy minister says attacks put security of oil supply at risk
Saudi energy minister says attacks put security of oil supply at risk
© Reuters. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee...
Commodity News 1 days ago
Venezuela oil minister says economy, oil industry under U.S. siege
Venezuela oil minister says economy, oil industry under U.S. siege
© Reuters. Venezuela's Oil Minister Manuel Quevedo speaks to the media before OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah...
Commodity News 1 days ago
Saudi energy minister recommends driving down oil inventories, says supply plentiful
Saudi energy minister recommends driving down oil inventories, says supply plentiful
© Reuters. An employee adjusts the Mexican flag at the meeting room before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jedda...
Commodity News 2 days ago
Iraq oil minister says deal with Exxon close, slowed by evacuation
Iraq oil minister says deal with Exxon close, slowed by evacuation
© Reuters. Iraqi Oil Minister Thamer Ghadhban speaks to the media at the ministry's headquarters in Baghdad JEDDAH, Saudi A...
Commodity News 2 days ago
Energy & Precious Metals - Weekly Review and Calendar Ahead
Energy & Precious Metals - Weekly Review and Calendar Ahead
© Reuters. By Barani Krishnan It has taken nearly three years but geopolitics is back like never before in oil as a S...
Commodity News 2 days ago
Iran changes tactics, destinations on oil exports, maritime official says
Iran changes tactics, destinations on oil exports, maritime official says
© Reuters. FILE PHOTO: Gas flares from an oil production platform are seen at the Soroush oil fields. (Reuters) - Iran has...
Commodity News 3 days ago
Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will act
Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will act
© Reuters. Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Riyadh JEDDAH, Saudi Arabi...
Commodity News 3 days ago
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