U.S.-Saudi consortium plans $5 billion Gulf refinery outside the Strait of Hormuz
A U.S.-Saudi consortium named MERA Oil is advancing plans for a $5 billion refinery in the Persian Gulf with a…
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 holds near weekly lows as traders hedge into the FOMC decision
Two catalysts are pinning gold near weekly lows: today’s FOMC decision and a renewed escalation on the US-Iran front. The…
Gold edges up before Fed decision as oil rebound revives inflation concerns
Gold edged up 0.4% to $4,043.38 an ounce on Wednesday as investors held back before the U.S. Federal Reserve’s policy…
ADNOC Continues UAE LNG Exports Through Hormuz Despite Strike Threat
The UAE keeps shipping liquefied natural gas out of the Persian Gulf despite the threat of strikes in the Strait…
Brent crude jumps 3.8% to $87.26 after Iran fires missiles at US forces
Brent crude rose 3.8% to $87.26 a barrel after Iran fired ballistic missiles at US forces in the Middle East,…
