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Category: Commodities

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Latest News (4305 articles)

Commodities OilPrice.com
66d ago
US Drillers Add Oil Rigs as WTI Jumps 14%

The total number of active drilling rigs for oil and gas in the United States rose this week, according to â€Ļ

US oil drillers added rigs, with the total count reaching 551, despite being 41 rigs â€Ļ High (70%)
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Commodities CNBC
66d ago
U.S.-Iran war exposes big market concentration risk. It isn't in S&P 500 stocks

Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are â€Ļ

The U.S.-Iran conflict has led to increased oil prices and volatility in emerging markets, particularly â€Ļ High (80%)
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Commodities OilPrice.com
66d ago
Reliance Industries Pivots Back to Russian Oil with U.S. Waiver

India’s largest private refiner, Reliance Industries, is sounding the market for buying Russian crude, an anonymous source told Bloomberg on â€Ļ

Reliance Industries is considering purchasing Russian crude oil after the US issued a temporary waiver, â€Ļ High (80%)
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Commodities OilPrice.com
66d ago
U.S. Gasoline Surges to Highest Under Trump as Iran War Roils Oil Market

The national average price of gasoline in the United States has jumped to the highest level seen during either of â€Ļ

The US gasoline price has reached its highest level under President Trump due to the â€Ļ High (85%)
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Commodities OilPrice.com
66d ago
The Sky Is The Limit For The Current Oil Price Rally

Brent tops $90 as the Strait of Hormuz closure halts Gulf oil flows and Iraq and Kuwait begin cutting output, â€Ļ

The oil market is experiencing a rally, with Brent crude topping $90 per barrel due â€Ļ High (95%)
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Commodities OilPrice.com
66d ago
Pipeline Gaps and Refinery Shifts Expose California’s Energy Vulnerability

The United States produces more crude oil than any country in history, pumping more than 13.5 million barrels per day. â€Ļ

California's energy security is threatened by its reliance on external oil supplies and limited infrastructure, â€Ļ High (90%)
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Commodities OilPrice.com
66d ago
Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks

Oil prices could soar to as much as $150 per barrel within two to three weeks if the critical Strait â€Ļ

Oil prices may surge to $150 per barrel within two to three weeks due to â€Ļ High (90%)
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Commodities OilPrice.com
66d ago
Europe’s Gas Price Set for Largest Weekly Gain in Three Years

Europe’s benchmark natural gas prices were on track early on Friday for a 50% weekly jump—the biggest one-week surge since â€Ļ

Europe's natural gas prices are expected to surge by 50% this week, the largest weekly â€Ļ High (90%)
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Commodities OilPrice.com
66d ago
Oil Prices Surge Toward $90 as Middle East Tensions Escalate

Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to â€Ļ

Oil prices surged due to Middle East tensions, with Brent crude trading above $88 per â€Ļ High (75%)
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Commodities OilPrice.com
66d ago
Europe-Bound LNG Cargoes Divert to Asia as War Upends Gas Market

A growing number of LNG cargoes that were initially en route to Europe have sharply diverted in the Atlantic toward â€Ļ

LNG cargoes initially bound for Europe are now diverting to Asia due to a 20% â€Ļ High (90%)
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Commodities OilPrice.com
66d ago
IMF: Oil Price Shock Tests Global Economic Resilience

The surge in oil and LNG prices as a result of the Middle East war is testing the resilience of â€Ļ

The IMF is warning that the recent surge in oil and LNG prices due to â€Ļ High (80%)
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Commodities OilPrice.com
66d ago
HSFO Prices Jump 40% as War Chokes Key Singapore Bunkering Hub

The price of fuel oil has surged this week as the stalled tanker traffic at the Strait of Hormuz is â€Ļ

HSFO prices have surged 40% due to stalled tanker traffic at the Strait of Hormuz, â€Ļ High (85%)
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