Commodities

Europe, Asia Gas Buyers Transitioning to Long-Term Supplies to Combat Price Volatility – Reuters

By Florence Tan and Joyce Lee DAEGU, South Korea – Natural gas purchasers in Asia and Europe are increasingly looking…

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Citi Revisits Its Oil Prices Forecast for 2024

Citi analysts have identified geopolitical tensions and extreme weather events as continuing risks for oil prices in the short term.…

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Alaska Challenges New NPR-A Oil and Gas Leasing Rules in Lawsuit by Reuters

The state of Alaska announced on Wednesday that it has initiated a lawsuit against new federal regulations governing oil and…

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ADNOC’s Ruwais LNG to Allocate 40% Stake to Shell, Total, BP, Mitsui, Sources Indicate

By Ron Bousso, Marwa Rashad, and Emily Chow LONDON/SINGAPORE – The Abu Dhabi National Oil Company (ADNOC) has designated a…

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Exclusive: Iraq Poised to Face High Costs for Bumper Wheat Harvest, Reports Reuters

By Sarah El Safty and Muayad Kenany DUBAI/NAJAF, Iraq – A significant wheat surplus in Iraq, which has traditionally been…

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Indonesia to Expand Farmland by 3 Million Hectares in Self-Sufficiency Drive

JAKARTA (Reuters) – Indonesia’s incoming president, Prabowo Subianto, aims to increase the country’s food crop planting areas by three million…

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Could Middle East Tensions Drive Oil Prices Above $100 per Barrel? Bernstein Weighs In

Oil prices saw an increase on Thursday as Hurricane Milton impacted Florida, raising concerns about possible supply disruptions in the…

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Oil Reaches Multi-Year Highs as OPEC+ Maintains Output Plan, Reported by Reuters

By Nia Williams Oil prices surged on Tuesday, reaching their highest levels since 2014. Brent futures climbed to a three-year…

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Biden Holds ‘Productive Discussion’ with House Democrats on Spending Bills, According to the White House – Reuters

President Joe Biden recently engaged in a “productive discussion” with a group of moderate Democratic House members regarding the $1…

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Explainer: Why Is It So Difficult to Clean Up an Offshore Oil Spill? By Reuters

By Jessica Resnick-Ault NEW YORK – Oil spills in ocean waters are challenging to manage due to their rapid spread…

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