Oil prices gain after IEA says market tight

Oil prices gain after IEA says market tight

LONDON -Oil prices rose on Friday after the International Energy Agency said oil markets were tight, but were still heading for weekly losses on inflation worries and U.S.-Iran which could boost...
February 11, 2022 at 07:07 am
Oil:  Geopolitical instability returns to forefront

Oil: Geopolitical instability returns to forefront

Oil markets are definitely in Olympic form. Brent and WTI are up by almost 11% in 2022. Brent crude oil is now close to USD 88 per barrel, a price that has not been reached since 2014.
Our Logo January 19, 2022 at 06:17 am
Oil slips from one-month high after U.S. fuel inventory surge

Oil slips from one-month high after U.S. fuel inventory surge

Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand....
January 06, 2022 at 03:00 am
Commodities outperform in 2021 though gold loses its lustre

Commodities outperform in 2021 though gold loses its lustre

Commodities outperformed other assets this year as a recovery from the pandemic boosted demand though gold's poor showing dented investor appetite....
December 20, 2021 at 09:31 am
Wheat set for second weekly decline on improved world supply outlook

Wheat set for second weekly decline on improved world supply outlook

Chicago wheat futures lost more ground on Friday, poised for a second straight weekly decline, after the U.S. Department of Agriculture forecast larger-than-expected global production, fuelling the...
December 10, 2021 at 12:19 am
Oil prices dive to two-month lows on COVID-19 variant, surplus jitters

Oil prices dive to two-month lows on COVID-19 variant, surplus jitters

Oil prices dived around 6% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter....
November 26, 2021 at 10:06 am
Oil:  Fresh boost due to supply tensions

Oil: Fresh boost due to supply tensions

The oil market slump did not last long. The decline in US production, temporarily affected by Hurricane Ida, has offset the increase in extractions decided by OPEC+, the organization following to the...
Our Logo September 22, 2021 at 08:41 am
Precious metals:  bad week for palladium, gold recovers

Precious metals: bad week for palladium, gold recovers

Gold rebounded above $1,800 on Friday, supported by bets that central banks could keep interest rates relatively low to stave off persistent growth risks. On the week, however, the ounce lost ground...
Our Logo September 10, 2021 at 06:23 am
Corn down as USDA says U.S. crop better than expected

Corn down as USDA says U.S. crop better than expected

U.S. corn futures fell on Tuesday after a U.S. Department of Agriculture report eased concerns about the condition of crops in the United States. Soybeans firmed on hopes of more Chinese demand...
August 10, 2021 at 06:59 am
Commodities:  A backlash and Beijing's iron ore offensive

Commodities: A backlash and Beijing's iron ore offensive

The first half of the year has been full of twists and turns for commodity markets. Timber is certainly the most interesting case. Its price, which has doubled in a few months, is now back to levels...
Our Logo June 29, 2021 at 10:52 am
Gold and cocoa miss out on broad-based commodity rebound

Gold and cocoa miss out on broad-based commodity rebound

The commodity boom has been much talked about lately, especially its impact on inflation expectations. This gives us the opportunity to take a quick look at the situation in order to better understand...
Our Logo May 11, 2021 at 10:28 am
CO2 prices become punitive for coal plants in Europe

CO2 prices become punitive for coal plants in Europe

The soaring price of European Union emissions permits is prompting more utilities to switch from high-carbon coal to natural gas for power generation in Germany, which could accelerate the phase-out...
Our Logo April 21, 2021 at 09:47 am
Exclusive:  Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity - sources

Exclusive: Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity - sources

Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the...
April 11, 2021 at 09:50 pm
More than beans:  Nestle recycles cocoa fruit waste to replace sugar in chocolate

More than beans: Nestle recycles cocoa fruit waste to replace sugar in chocolate

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its Incoa bar....
March 18, 2021 at 03:34 pm
Oil slips, retreats from gains notched on strong Chinese data

Oil slips, retreats from gains notched on strong Chinese data

Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers....
March 15, 2021 at 04:01 pm
Oil settles near $70/bbl on hopes of recovering demand

Oil settles near $70/bbl on hopes of recovering demand

Oil settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year....
March 12, 2021 at 03:49 pm
Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to...
February 17, 2021 at 11:36 pm
Oil settles near 13-month highs; Texas deep freeze supports

Oil settles near 13-month highs; Texas deep freeze supports

Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas....
February 16, 2021 at 03:09 pm
Miner Kinross Gold beats profit estimates on higher prices

Miner Kinross Gold beats profit estimates on higher prices

Canadian miner Kinross Gold Corp beat analysts' estimates for quarterly profit on Wednesday as a surge in gold prices cushioned the blow from lower output. ...
February 10, 2021 at 06:44 pm
Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders' emphasis on natural gas after a recent push into crude oil....
February 09, 2021 at 05:10 pm