Commodities

Commodities News

Oil prices steady after rallying on US stock decline, business data

By Katya Golubkova and Trixie Yap (Reuters) -Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though.

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US refiners’ profits to fall from last year but margins remain strong

By Nicole Jao NEW YORK (Reuters) – U.S refiners’ first quarter profits are expected to fall from recent records, when earnings soared following Russia’s invasion of Ukraine in 2022, but.

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New technology helps US shale oil industry start to rebuild well productivity

By Sabrina Valle HOUSTON (Reuters) – Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to.

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China’s steel sector has bigger worries than Biden tariff hike

By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) -U.S. President Joe Biden’s push to triple tariffs on Chinese steel imports strikes a mostly symbolic blow on an industry facing bigger.

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China’s March germanium, gallium exports yet to recover year-ago level

BEIJING (Reuters) -China’s exports of gallium and germanium products in March declined from year-ago levels, customs data showed on Saturday, underlining the impact of export controls in place since last.

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As shale oil gains slow, deepwater port struggles for customers

By Arathy Somasekhar HOUSTON (Reuters) – As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic.

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Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

(Reuters) – Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar.

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US State Dept expects to finalize AUKUS trade exemptions in next 120 days

By David Brunnstrom WASHINGTON (Reuters) -The U.S. State Department said on Friday it expects to finalize trade exemptions for the AUKUS defense project with Australia and Britain in the next.

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China’s March germanium, gallium exports yet to recover year-ago level

BEIJING (Reuters) – China’s exports of gallium and germanium products in March declined from year-ago levels, customs data showed on Saturday, underlining the impact of export controls in place since.

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Oil prices subdued, energy security concerns escalate on West Asia tensions

The IEA has said that mounting tensions in region raise the risk of increased volatility in oil markets, and provide a fresh reminder of the importance of oil security Global.

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