Iran conflict threatens global oil supply as Strait of Hormuz traffic stalls, Chevron CEO warns
Chevron CEO Mike Wirth has warned that the escalating conflict involving Iran, the United States, and Israel threatens global oil…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Ukraine Strikes Russian Oil Refinery, Airfield; Moscow Confirms Eight Deaths
Ukraine struck a Russian oil refinery and an airfield with long-range drones, and Moscow confirmed eight deaths from the attack….
Exxon, Chevron, and Shell warn oil prices will stay high even after Middle East conflict ends
ExxonMobil, Chevron, and Shell say crude prices are likely to stay elevated even after the Middle East conflict ends, pointing…
China Targets 1.8 Billion Tonnes of Renewable Energy Production by 2030 as Coal Power Keeps Expanding
China plans to raise renewable energy production to 1.8 billion tonnes of coal equivalent by 2030, up from 1.18 billion…
Italian navy boards Russian tanker off Sicily in Mediterranean sanctions push
Italian naval forces boarded a Russian tanker in international waters off Pantelleria, backed by a Greek vessel and a Polish…
