Category: Commodity News

Brent oil futures were under 0.60% to $94.24 by 11:07 PM ET (4:07 AM GMT) and WTI futures dropped 0.80% to $92.91. Both Brent and WTI futures stayed past the $90 mark, however. Claudio Galimberti,

Embryonic programs to nationalize mining, a one-chamber Congress, water rights, and protections for indigenous territories are some of the more tense motions the assembly will discuss and vote on in over 20 plenary sessions.  

Residual fuel oil has a couple of uses, predominantly consumed as bunker fuel in the maritime shipping sector. Consumption in December 2021 was at its most elevated end-of-year level since 2012, as stated by Weekly

  The EIA conveyed that U.S. crude oil inventories dropped by 4.76MMbbls over the last week, departing total commercial U.S. crude oil inventories at a little over 410MMbbls, the lowest level since 2018. The draw

There were no lengthy conversations at Wednesday’s meeting about member nations of the producer group failing to strike their production targets or almost one of the busiest months on the geopolitical front in years, featuring:

Gold futures were higher 0.26% to $1,797.70 by 10:53 PM ET (3:53 AM GMT). Nevertheless, gold fell under the $1,800 mark and dropped nearly 2% for the week to date, the worst fall after Nov.

Streaming worldwide demand, supply outages, and international political tension have stoked fears around crude supplies. They caused an increase in oil prices to the highest levels in seven years. Some crude prices even hit $100

With nearly 90% of world trade transported by sea, global shipping accounts for almost 3% of the world’s CO2 emissions. So far, the industry has bypassed the EU’s system of pollution charges. Under proposals from