Commodities News

Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka "tank-bottoms") in...

Oil futures edge higher on Tuesday after paring some gains in the morning trading, as investors weigh the global economic outlook after central banks for the world's biggest...

Energy Transfer LP shuttered its Centurion Pipeline on Monday after it was struck by a road worker, the pipeline company said in an email to Bloomberg. Energy Transfer LP acquired...

Economic pessimism may weigh in the future Risk aversion in markets may be weighing on oil prices a little, especially if economic fears are fueling that sentiment. I wouldn’t say...

Due to port maintenance works, Russian crude oil exports by sea dipped by around 100,000 barrels per day (bpd) to 3 million bpd last week and by 100,000 bpd to 3.2 million bpd in...

Oil prices are under pressure as the U.S. dollar continues to strengthen and fears of a higher-for-longer interest rate weight on demand expectations.Chart of the Week- In its...

The world would not need any new long lead-time conventional oil and gas projects or coal mines approved after 2023 as the surge in clean energy deployment could lead to peak...

The heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin’s retinue during his visit to China next month, sources...

Iraq plans to award the Akkaz natural gas field development contract to an unnamed Ukrainian company, with the goal of increasing the production capacity to 400 MMcf/d, the...

Chevron Corp CVX.N plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington...

U.S. oil futures extend retreat from $90-a-barrel threshold

Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.

The 5th U.S. Circuit Court of Appeals in New Orleans has upheld a lower court’s order that the U.S. Administration should hold an expanded oil and gas lease sale in the Gulf of...

Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer....

In a recent forecast, JPMorgan has predicted a potential surge in prices to $150 per barrel. This prediction was made on Monday, as the financial institution observed escalating...

Investors continued to buy petroleum future and options, with the focus on crude, but the buying has slowed as almost all short positions have been covered and the market has begun...

The yellow metal is down just a touch today but in the big picture, it is holding up relatively well despite a breakout in Treasury yields since last week. Of note, gold is still...

The chief executive of Goldman Sachs has refused to yield to pressure from climate activists calling for the bank to stop financing oil and gas companies. “Traditional energy...

The Canada Energy Regulator has approved a plan by Trans Mountain Corporation to alter the route of the expanded pipeline that carries crude from Alberta to the West Coast, which...

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America's crude oil production is set to hit a monthly...

China will be out on Friday September 29 for a national holiday, and then will also be out on Monday to Friday (inclusive) the following week (October 2 - 6). ANZ comments on oil...

Since 25 March, hundreds of thousands of barrels per day of oil flows crucial to the semi-autonomous Kurdistan region of Iraq (KRI) and important to the oil sector as a whole have...

Last month, Reuters market analyst John Kemp warned that India’s slowing oil demand growth could act as a drag on oil prices despite consumption recently hitting record highs....

Goldman Sachs says that while a sustained climb in oil prices could slow consumption and economic growth it will be a "manageable headwind" for the U.S. economy."While we forecast...

Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market. ...

Fuel oil cash premiums were little changed in Asia on Monday, while the market eyed recent regional tenders for October. Cash premium for 0.5% VLSFO was pegged at $8.61 a metric...

Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades...

Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zakum emerging, while the Brent’s Exchange Futures for Swaps (EFS) to Dubai widened...