IEA Releases Another 100 Million Barrels as U.S. Oil Reserve Hits Lowest Level Since 1983
The International Energy Agency will release another 100 million barrels of diesel, gasoline and crude oil, but global inventories keep…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Supertanker Rates Hit Record $1.4 Million a Day as Oil Crisis Becomes Shipping Crisis
Supertanker rates on the Persian Gulf to East Asia route topped $1.4 million per day this week, a record. Ship-to-ship…
Pemex Needs Nearly $110 Billion to Hit Mexico’s Oil and Gas Output Targets, IISD Says
The International Institute for Sustainable Development (IISD) says Mexico's oil and gas production targets would need about $160 billion in…
Hurricane Isaias keeps most US Gulf oil output shut as crews begin returning
Hurricane Isaias left most US Gulf of Mexico oil output shut on Saturday, even as Shell and Chevron began sending…
Iran War Pushes Governments Toward Clean Energy as Hormuz Traffic Stays Shut
The near closure of the Strait of Hormuz after the U.S.-Israeli attack on Iran is pushing governments toward renewables and…
