EIA Sees 600,000 Bpd of Middle East Oil Offline Through 2027 as Saudi Arabia Reroutes Exports
The U.S. Energy Information Administration expects about 600,000 barrels per day of Middle East oil production to stay offline through…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Gold rallies as Fed rate-hike odds tumble on tame inflation data
Gold turned in its best week since January after tame U.S. inflation data cut the odds of a Federal Reserve…
Oil prices swing as U.S. and Iran both claim control of Hormuz
Oil prices swung between marginal gains and losses on Wednesday as the U.S. and Iran each continued to claim control…
Gold settles at two-month high as ETF inflows and falling rate-hike bets fuel rally
Gold settled at its highest level in two months on Wednesday, extending a rally of more than 9% in two…
Diesel Prices Surge as Refinery Attacks Squeeze Global Fuel Supply
Diesel prices are surging after Ukrainian drone strikes hit a Russian refinery and Houthi forces struck a Saudi refining facility,…
