Commodities

Saudis Lower Oil Prices for Asia Following OPEC+ Restraint That Boosted Rally, According to Bloomberg

Saudi Arabia has announced a reduction in crude oil prices for its Asian customers, its largest market, following OPEC+’s decision…

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Commodities Hedge Fund Giant Andurand Achieves 82.5% Return Amid Soaring Energy Prices

By Julia Payne LONDON (Reuters) – Hedge fund manager Pierre Andurand’s Andurand Commodities Discretionary Enhanced Fund has seen an impressive…

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Pipeline Involved in California Oil Spill Shifted 105 Feet Along Sea Floor, Reports Reuters

By Jessica Resnick-Ault and Nichola Groom LOS ANGELES, Calif. – A segment of the oil pipeline that ruptured off the…

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Oil Reaches Seven-Year High Amid Global Energy Shortages, According to Bloomberg

Oil prices continued to climb from a seven-year high following OPEC+’s decision to maintain its current supply agreement. This comes…

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Oil Prices Drop, but Ongoing Supply Concerns Limit Declines

By Gina Lee Oil prices experienced a decline on Wednesday morning in Asia amid ongoing global energy constraints that are…

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European Industry Struggles Amid Escalating Energy Crisis, Reports Bloomberg

European industry is nearing a breaking point as the region’s energy crisis escalates. Power and gas prices are reaching new…

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Gold Declines as Dollar Gains Strength and U.S. Treasury Yields Increase

By Gina Lee Gold prices experienced a decline on Wednesday morning in Asia as the dollar strengthened and U.S. Treasury…

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U.S. Congress Democrats Aim to Address Palm Oil and Beef Trade in Deforestation Legislation, Reports Reuters

By Richard Cowan and Fathin Ungku WASHINGTON/SINGAPORE – On Wednesday, Democrats in the U.S. Congress planned to introduce a bill…

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U.S. States Strive to Exceed Global Emissions Standards in Aviation, Reports Reuters

By David Shepardson and Allison Lampert WASHINGTON/MONTREAL – The Biden administration is being urged by five states to adopt more…

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EU to Extend Support for Wine, Fruit, and Vegetable Sectors, Reports Reuters

BRUSSELS (Reuters) – The European Commission announced on Wednesday that it will enhance support and extend existing measures for the…

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