Commodities

Oil Prices Decline as Investors Monitor EU Embargo Stalemate, Gasoline Insights by Bloomberg

Oil prices have declined amid indications that the European Union is facing difficulties in reaching a consensus on a ban…

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Gold Rises, Approaches Two-Week High as Dollar Stabilizes

By Gina Lee Gold prices saw an increase on Tuesday morning in Asia, reaching their highest level in two weeks.…

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Oil Prices Decline Amid Growing Recession Concerns

By Gina Lee Oil prices fell on Tuesday morning in Asia as investors expressed growing concerns about a potential recession…

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Global Gas Crunch Claims First Australian Trading Victim, Reports Reuters

By Sonali Paul MELBOURNE (Reuters) – A gas supplier that accounted for 7% of eastern Australia’s market has gone out…

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Exxon-Hess Arbitration Panel Poised for Formation, Sources Indicate

By Sabrina Valle HOUSTON – The final member has been appointed to a three-person arbitration panel that will address Exxon’s…

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Exclusive: Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say – Reuters

By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Oil refiner CVR Energy, under the control of billionaire investor Carl…

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Court Officer’s Representative Reports Multiple Competitive Bids in Citgo Parent Auction

By Marianna Parraga HOUSTON (Reuters) – The second round of bidding for shares in Citgo Petroleum’s parent company was described…

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Crude Prices Decline as Hurricane Beryl Concerns Wane, By Reuters

By Erwin Seba HOUSTON – Crude oil prices experienced a decline on Tuesday as concerns diminished regarding the potential supply…

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US Power Usage Expected to Hit Record Levels in 2024 and 2025, According to EIA Report By Reuters

U.S. power consumption is expected to reach unprecedented levels in 2024 and 2025, according to the U.S. Energy Information Administration…

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Trader Vitol Sells Venezuelan Oil to Indian Refiners, According to Trade Sources

By Nidhi Verma and Marianna Parraga NEW DELHI/HOUSTON – Two Indian state-owned refiners have purchased 2 million barrels of Venezuelan…

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