Sun, September 25, 2022

Commodities

Petroleum Products: Offshore the night Industry oil and gas production petroleum pipeline.

Petroleum Products Price Upsurges as Economic Fears Eases

On Wednesday, petroleum products prices inched up. It is with U.S. crude advancing 1.3% after an industry report showed stockpiles in the United States. This is the world’s biggest oil user that dropped more than expected, easing fears about economic growth due to the China-U.S. trade conflict. Brent crude futures mounted 59 cents, or 1.0%, …

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Petroleum Product: Twilight scene of chemical plant.

Indonesia Seeks for Assistance as Petroleum Product Spill Continues

Sedari’s fishermen are still grounded by the massive spill. It was weeks after an unexpected stream of crude oil from a tank. It has emitted an inky stain across 12 miles of shoreline that is home to a dozen villages. A resident affected by the incident stated, “There’s no point going out there.” He said …

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Biofuel Energy: Biofuel boiler house on a blue sky background

Trump Administration in Talks as Biofuel Energy Wanes

On Thursday, top Trump administration officials met to study choices for suppressing a reaction in politically influential farm states over recent biofuel energy policy moves. The actions comprise revoking refusals given to some oil refineries from the renewable fuel requirements they use such as corn-based ethanol. In the meeting and a memo, the Agriculture Department …

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Commodity Exchange: Still life shot of agricultural commodities.

Agricultural Commodities Thrives in Commodity Exchange

On Wednesday, soybean prices traded higher at the commodity exchange by Rs 13 to Rs 3,493 per quintal in futures trade. It was after participants continued their bets, tracking positive signals from the physical market. A marketman indicated the positive demand at the spot market. It has also led the prices of soybeans to rise. …

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Petroleum Products: Oil and gas refinery tower in silhouette image on sunset sky background.

Petroleum Products Downtrends Ahead of Crude Inventories

On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …

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Chinese: The People's Bank of China.

Chinese Institutions Fund for “Green” Finance Project

In the first half of this year, Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects as a review of financial data showed. It goes with fossil fuels, as they play a major role in Beijing’s energy strategy. Wind, a Shanghai-based financial data provider, said 7.4 billion yuan in the …

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Mastercard Builds a Team to Work on Digital Coins Idea

Payments giant Mastercard is in search of members to hire as its blockchain professionals. These include several senior roles in an effort to develop its digital coins and wallet products. The company is looking for a senior blockchain engineer and engineering lead. Moreover, it is also in the quest for a director for product development and innovation. Plus  …

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Petroleum Products: Pipeline and oil tank with sunrise.

Iran Petroleum Products Tanker Departs from Gibraltar

On Friday, the Iranian supertanker that was seized last month due to suspicion of shipping petroleum products to Syria in breach of EU sanctions was set free to set sail from British territory Gibraltar. It was after a day of confusion surrounding the vessel’s fate. Gibraltar Chief Minister Fabian Picardo decided to lift the custody …

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Global Financial Crisis: Newspaper headlines financial crisis.

Oil and Gold Prices Steady Amid Signs of Financial Crisis

On Thursday, a sharp overnight loss occurred as U.S. crude inventories unexpectedly rose, oil prices firmed. It was after fears of recession or global financial crisis intensified and economic data out of China and Europe disappointed. Brent crude was down 13 cents, or 0.2%, at $59.35 a barrel, after plunging 3% in the last session. …

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Petroleum Products: Oil refinery industry.

Petroleum Price Plunges Over A Weakening Global Economy

On Tuesday, petroleum products prices traded lower. It was after concerns over a weakening global economy offset expectation that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures declined 45 cents, or 0.8%, to $54.48 a barrel. Meanwhile Brent crude futures, the benchmark for petroleum products prices outside the …

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Petroleum Products: Natural gas tank in the petrochemical industry

Petroleum Products Plunge, Gold Prices Move amid Global Growth Prospects

On Monday, petroleum products prices edged lower amid doubts about an economic slowdown and the Sino-U.S. trade war. The conflict have led in a cut in the growth prospects for global oil demand. International benchmark Brent crude futures were at $58.40 a barrel down 13 cents, or 0.2%, from their previous settlement on the global trading. U.S. …

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