Commodities
Canada concerned about critical metals market manipulation, minister says By Reuters
By Divya Rajagopal TORONTO (Reuters) -Canada is concerned about market manipulation and dumping in key metals used in electric vehicle batteries, a federal Canadian minister…
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Oil down over 3% in 2 days, shredding ‘war premium’ as Saudis assure supply
Investing.com - Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North…
US natgas output and demand to hit record highs in 2023 -EIA
(Reuters) - U.S. production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said…
US home heating bills seen flat to lower this winter -EIA
(Reuters) - Most U.S. consumers will spend about the same or less than they did last year to heat their…
Gold hits 2-week high, within striking range of $1,900 as dollar slides
Investing.com - Oil prices might not be getting the risk premium many thought from the Middle East’s latest conflagtration but…
US crude stocks up a whopping 13M barrels last week; Gasoline rises 3.9M – API
By Barani Krishnan Investing.com - US stocks possibly rose by nearly 13 million barrels last week in what could be…
Japan’s government considering extending fuel subsidies -Kyodo
(Reuters) - Japan's government is considering extending subsidies to curb gasoline prices beyond January next year, Kyodo news agency reported…
European Gas Prices Surge 20% Amid Supply Concerns and Potential Pipeline Sabotage
European gas prices have risen by 20% on Wednesday, due to a confluence of supply concerns originating from conflicts in…
Gold Prices Surge in Pakistan, Global Market Follows Suit
Gold prices in Pakistan witnessed a significant increase on Wednesday, according to reports from the All-Pakistan Gems and Jewellers Association…
Kremlin says damage to Baltic pipeline is ‘disturbing’, mentions Nord Stream attack
MOSCOW (Reuters) - The Kremlin on Wednesday described news of damage to the Balticconnector gas pipeline between Estonia and Finland…
US solar company Suniva to restart idled factory thanks to Biden climate law
By Nichola Groom (Reuters) - Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas,…
Putin says OPEC+ coordination to continue
By Vladimir Soldatkin MOSCOW (Reuters) - Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of…
Finland says ‘outside activity’ likely damaged gas pipeline, telecoms cable
By Anne Kauranen and Terje Solsvik HELSINKI (Reuters) -A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia…
Yellen says oil price cap has ‘significantly’ cut Russia’s revenues
By Andrea Shalal MARRAKECH, Morocco (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said a G7-led price cap on…
Mercuria sees oil likely hitting $100 on Middle East turmoil
By Yousef Saba FUJAIRAH (Reuters) - The deputy CEO of commodity trader Mercuria, Magid Shenouda, said on Wednesday that oil…
Analysis-China saves billions of dollars from record sanctioned oil imports
By Chen Aizhu and Muyu Xu SINGAPORE (Reuters) - China has reaped savings this year of nearly $10 billion through…
Oil bobs in the green, awaiting US stockpiles data and other catalysts
Investing.com - Crude prices were back in the positive in Wednesday’s Asian session, trading a few cents above the lower…
Oil little changed as Middle East supply concerns fade
By Laura Sanicola (Reuters) - Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about…
Biden administration to announce $7 billion in hydrogen hub grants Friday –sources
By Jarrett Renshaw and Valerie Volcovici WASHINGTON (Reuters) -The Biden administration is expected to announce on Friday the winners of…