Commodities & Futures News

By Sudarshan Varadhan SINGAPORE (Reuters) -Oil prices were set to register their third consecutive weekly gain for the first time since April, rising on Friday due to supply...

By Michelle Nichols UNITED NATIONS (Reuters) -The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain...

Investing.com-- Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing...

(Reuters) -Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept air conditioners cranked up during a lingering heat wave....

AMSTERDAM/BOGOTA (Reuters) -The World Court on Thursday rejected a lawsuit by Nicaragua seeking to define and expand its deep sea economic rights beyond those previously...

(Reuters) - The U.S. Environmental Protection Agency (EPA) on Thursday said Callon (NYSE:CPE) Permian LLC was fined $1.3 million for excess emissions from tanks, flares and other...

By Stephanie Kelly NEW YORK (Reuters) - Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the...

Investing.com -- With U.S. inflation data and rate hike concerns baked into the cake, OPEC did a grandstanding Thursday on its demand forecast for the current year and next to show...

By Aidan Lewis KHARTOUM (Reuters) - A conflict in Sudan that erupted on April 15 has wrought havoc in the capital Khartoum, unleashed ethnic violence in Darfur, and uprooted more...

By David Shepardson WASHINGTON (Reuters) - A group of 95 U.S. lawmakers on Thursday urged the Biden administration to finalize stricter emissions limits than it proposed in April,...

Investing.com -- Crude oil prices stabilized Thursday, after healthy gains this week after soft U.S. inflation data raised expectations interest rate increases in the world’s...

By Ange Aboa ABOISSO, Ivory Coast (Reuters) - Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in...

By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Thursday that he had not heard of any new proposals on the Black Sea...

By Pratima Desai and Siyi Liu LONDON/BEIJING (Reuters) -The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is...

Investing.com -- Oil prices rose in Asian trade on Thursday, hovering near three-month highs as softer-than-expected U.S. inflation data helped ease some anxiety over rising...

Investing.com -- Gold prices steadied near one-month highs on Thursday as weaker-than-expected U.S. inflation data spurred bets on a less aggressive Federal Reserve, while copper...

(Reuters) -Demand for power in Texas hit a record high on Wednesday as homes and business cranked up air conditioners during a lingering heatwave, according to data from the...

By Kanishka Singh WASHINGTON (Reuters) - The U.S. Environmental Protection Agency (EPA) on Wednesday proposed stricter regulations for lead exposure in residential buildings and...

By Stephanie Kelly NEW YORK (Reuters) - A bipartisan group of U.S. lawmakers introduced legislation this week directing the Biden administration to allow oil refiners to purchase...

Investing.com -- President Joe Biden will likely see to it that America’s heavily-drawn oil reserve is refilled although he might require another term of office to finish the task,...

Investing.com -- It’s one thing to run ahead of the pack. It’s another to do so with blinkers on, as oil bulls demonstrated Wednesday, charging into higher territory by ignoring...

By Laura Sanicola (Reuters) -Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data...

Investing.com -- U.S. crude oil inventories jumped by their most in four weeks as early summer demand for motor fuels appears to have peaked after weeks of heavy processing by...

Investing.com -- Oil prices rose in Asian trade on Wednesday, with Brent coming close to bullish levels as the dollar sank ahead of key U.S. inflation data, while Chinese stimulus...

Investing.com -- Gold prices edged higher on Wednesday, sticking close to a three-week high as markets bet that the Federal Reserve was close to reaching peak interest rates, with...

By Valerie Volcovici and Kanishka Singh WASHINGTON (Reuters) - U.S. climate envoy John Kerry on Monday will become the Biden administration's third senior official to visit China...

Investing.com -- U.S. crude stocks likely rose last week while inventories of gasoline and distillates were up as well, petroleum industry group API indicated in a preliminary...

By Kanishka Singh WASHINGTON (Reuters) -The United States on Tuesday welcomed Iraq's oil, gas and renewables deal with French oil major TotalEnergies, which was signed a day...

By Timothy Gardner WASHINGTON (Reuters) -The Biden administration issued a final rule on Tuesday phasing down the use of gases known as hydroflourocarbons, or HFCs, used in...

By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2%, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and...

Investing.com -- The push and pull in crude prices continues with Tuesday’s rally triggered by the dollar’s drop to two-month lows and optimism ahead of the U.S. government’s...

By Ana Isabel Martinez MEXICO CITY (Reuters) - Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the...

Investing.com -- Crude oil prices gained Tuesday, helped by growing expectations of more stimulus in China, the largest importer of crude in the world, as well as bullish OPEC...

(Reuters) - Texas' power grid operator projected electricity use would break records again this week as homes and business crank up their air conditioners to cope with another...

By Elisha Bala-Gbogbo ABUJA (Reuters) -Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil...