Commodities News

Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020, amid unplanned facility outages and lower processing...

A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by Russia’s invasion of Ukraine is set to cost German families, who will have to foot the...

U.S. oil futures declined on Monday, settling below $90 a barrel for the first time in more than week. Downbeat economic data from China dulled prospects for energy demand, and the...

Amid a looming energy crisis, Switzerland could turn to oil for electricity production in the winter in case of an emergency, Swiss Energy Minister Simonetta Sommaruga told local...

Gold futures declined on Monday to settle at their lowest level in more than a week --- below the key $1,800 mark. Analysts attributed the decline, in part, to strength in the U.S....

Iran is expected to soon decide on whether to accept the European Union's proposal to restore the 2015 Joint Comprehensive Plan of Action --- a move which could eventually add more...

Analysts say the $1,800 per ounce level is shaping up to be a critical psychological barrier for the yellow metal.

Despite a ninth consecutive week of falling gasoline prices in the United States, the streak of declines could soon see its end as wholesale gasoline prices have rebounded in...

China’s largest refiner, whose shares are cheap by historical standards, is shaping up as one of the biggest beneficiaries of the conflict in Ukraine.

Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil consumer. The...

Shares of energy companies took a broad beating Monday, as crude oil futures sank toward seven-month lows amid demand concerns as China's economy slows. The SPDR Energy Select...

Saudi Aramco reported a net profit of $48.4 billion for the second quarter of the year, a record figure and a 90-percent increase on the year thanks to stronger oil prices. For the...

Aramco is ready to ramp up oil production to 12 million bpd whenever the Saudi government asks this of the company, CEO Amin Nasser said this weekend, as quoted by Arab News....

Better news for U.S. inflationary pressures as Nat Gas and RBOB prices also decline

Oil slips amid poor China data One area where traders are paying attention to the Chinese data is clearly commodity markets, with crude off 2% on Monday. The figures from China...

This week, OPEC issued its Monthly Oil Market Report. It was released just hours after the IEA released its own monthly oil market forecast. Unlike the IEA, the oil-producing group...

Since its invasion of Ukraine, Moscow has twice blocked Kazakh oil exports crossing its territory. Is this revenge for Kazakhstan’s refusal to endorse the war? An attempt to push...

European oil majors are boosting investment in renewable energy sources as they aim to become net-zero energy companies by 2050 and slash carbon emissions. And there is one...

Several African countries have been gradually boosting their oil and gas output over the last year, as demand for fossil fuels continues to rise. While many countries in the West...

The Stainless Monthly Metals Index (MMI) dropped 8.87% from June to July. After nickel prices hit a bottom mid-July, they followed the base metal trend upward. By the beginning of...