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Category: Commodities

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Latest News (4307 articles)

Commodities OilPrice.com
69d ago
America’s $10 Trillion War Machine Still Runs on Chinese Rare Earths

The U.S. government spends roughly $900 billion on defense each year. The private aerospace and defense sector generates close to …

The US defense industry heavily relies on Chinese rare earths, with a $10 trillion production … High (80%)
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Commodities OilPrice.com
69d ago
European Gas Prices Soar 30% as Qatar Halts LNG Output

Following a 40% surge on Monday, Europe’s benchmark natural gas prices soared by another 30% at opening on Tuesday as …

European gas prices surged 30% after Qatar halted LNG production, exacerbating energy security concerns in … High (85%)
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Commodities OilPrice.com
69d ago
U.S. Not Planning To Tap Strategic Petroleum Reserve Immediately

The United States does not plan an immediate release crude from the Strategic Petroleum Reserve (SPR) as a means to …

The US is not planning to immediately tap into the Strategic Petroleum Reserve to mitigate … High (90%)
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Commodities OilPrice.com
69d ago
China Pressures Iran to Keep Strait of Hormuz Open to Oil and Gas Flows

China is pressuring Iranian officials to keep the Strait of Hormuz open, allow the passage of oil and LNG cargoes, …

China is pressuring Iran to maintain the Strait of Hormuz open for oil and gas … High (70%)
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Commodities OilPrice.com
69d ago
Iran War Pushes Middle East Oil Tanker Rates to All-Time High

The freight rate for a supertanker carrying crude oil on the key Middle East-to-China route hit a record high of …

Middle East oil tanker rates have reached an all-time high of $423,736 per day due … High (90%)
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Commodities OilPrice.com
69d ago
White House Prepares Plan to Combat Oil Price Spike

The United States will unveil a phased plan to mitigate the spike in oil prices amid the ongoing conflict in …

The White House is preparing a plan to combat the recent oil price spike, triggered … High (80%)
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Commodities OilPrice.com
70d ago
Qatar’s LNG Blackout Just Broke the Global Gas Market

It’s not hyperbole to call what transpired today in Qatar a seismic event for global energy markets. On March 2, …

Qatar's state-owned energy company, QatarEnergy, has halted all liquefied natural gas (LNG) production due to … High (90%)
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Commodities OilPrice.com
70d ago
Qatar’s Latest LNG Mega-award Signals a Full Strategic Turn to the West

From the moment that Russia invaded Ukraine on 24 February 2022, liquefied natural gas (LNG) became the key global emergency …

Qatar's recent LNG mega-award indicates a strategic shift towards the West, driven by Russia's invasion … High (90%)
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Commodities OilPrice.com
70d ago
Surging Oil Prices Could Derail Pakistan’s Fragile Economic Recovery

Oil prices jumped nearly 10% in Monday's early session after Iran launched a barrage of retaliatory missiles and drone strikes …

Surging oil prices due to escalating conflict between Iran and Israel may derail Pakistan's fragile … High (90%)
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Commodities OilPrice.com
70d ago
Brazil’s Oil Production Keeps Growing

South America’s largest economy, Brazil, is on track to be a top 5 global oil producer. During 2023, Brazil received …

Brazil's oil production is expected to grow significantly due to its recent membership in the … High (90%)
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Commodities CNBC
70d ago
Jamie Dimon says Trump’s $5 billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

The suit against JPMorgan, the world's biggest bank by market cap, and its CEO puts Dimon in an awkward position.

Jamie Dimon, CEO of JPMorgan, expressed sympathy for concerns surrounding a $5 billion lawsuit filed … High (80%)
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Commodities OilPrice.com
70d ago
Devon–Coterra Deal Signals Investors Still Rule the Shale Patch

Last month’s announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal …

The Devon-Coterra merger signals a trend of smaller public companies seeking multi-basin, multi-year drilling opportunities, … High (90%)
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