Commodities Category

Oil prices plummet as a result of China’s lockdowns, and reserves are released Oil prices fell $2 a barrel in early Asian trade on Monday, marking the second consecutive weekly decrease after world consumers revealed intentions to release a record volume of crude and oil products from strategic storage, and as China lockdowns remained in

Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction According to customs statistics, record amounts of fuel oil from Latin America arrived in the United States in March, as refiners sought alternatives to Russian feed stocks ahead of Washington’s April 22 deadline to cease Russian oil imports. Last month, US Gulf

Long-term deal with China has been signed by a US LNG exporter In the most recent contract between American and Chinese companies, Next Decade Corporation inked another long-term agreement for a U.S. exporter to supply liquefied natural gas (LNG) to China on Wednesday. ENN LNG (Singapore) Pte Ltd, a wholly-owned subsidiary of China’s ENN Natural

XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment After a massive sell-off on Tuesday, gold (XAU/USD) is struggling in the Asian session. Given the adverse market movement and aggressive tone espoused by Federal Reserve (Fed) policymakers, the precious metal is anticipated to drop to around the psychological support

Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine The European Union denounced the massacre of innocent citizens by Russian soldiers as they retreated from Ukrainian cities on Monday, threatening a fresh round of harsh measures on Russia in the coming days, including possible sanctions against Russia’s