by admin | May 3, 2024 | Commodity News
By Timothy GardnerWASHINGTON (.) – The U.S. has been preparing since 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a pending ban on Russian imports will help boost domestic capacity to process...
by admin | May 3, 2024 | Commodity News
Crude oil futures traded lower on Monday morning as the US inflation data brought down the chances of interest rate cuts by US Federal Reserve.At 9.53 am on Monday, July Brent oil futures were at $87.54, down by 0.76 per cent, and June crude oil futures on WTI (West...
by admin | May 3, 2024 | Commodity News
.– Oil prices edged higher Friday, lifting from near seven-week lows, but were headed for steep losses this week as signs of robust U.S. stockpiles and production dashed hopes for tight crude markets in the coming months. At 08:05 ET (12:05 GMT), rose 0.6% to...
by admin | May 3, 2024 | Commodity News
Prices of commodities will likely decline marginally in 2024 and 2025 but they will remain 38 per cent above pre-pandemic levels, the World Bank has said in its latest Commodity Markets Outlook. In all, disinflationary tailwinds from moderating commodity prices appear...
by admin | May 3, 2024 | Commodity News
By Ahmad Ghaddar and Deep Kaushik VakilLONDON (.) -Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb...
by admin | May 3, 2024 | Commodity News
By Alex Lawler and Olesya AstakhovaLONDON/MOSCOW (.) – OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from OPEC+ producers said they could keep their cuts if...
