Libya’s oil industry is reopening, however, in parts, commodity news reported. All of the country’s oil industry was shut down in January due to the civil war. Oil output has almost tripled to 250,000 barrels a day. This was since the partial lifting last week of a blockade on the OPEC member’s energy facilities. Exports …
Royal Dutch Shell provisionally booked a tanker to load crude cargo at Libya’s Zueitina oil port on Oct. 3. This will be potentially the first since January at the recently reopened port. The Amoureux tanker is expected to load a 1 million barrel cargo. Then it is to discharge in Singapore on Oct. 22, shipping …
Shell Books Tanker to Load Crude at Libya’s Terminal Read More »
Oil prices fell in energy commodities on Thursday. The industry is being weighed down by concerns that U.S. economic recovery is slowing. A renewed wave of COVID-19 cases in Europe has led to reimposed travel restrictions in several countries. Worries over demand and economic outlook due to the resurgence of COVID-19 have prompted a rally …
Oil Falls amid Concerns on Slow Economic Recovery Read More »
The chief executive of Russian oil producer Gazprom Neft said he expects global oil consumption to return to pre-crisis level. That should be in the second half of 2021, a bit later than the energy ministry’s forecast for Q2. CEO Alexander Dyukov said the current oil prices of above $40 per barrel are comfortable. And …
Oil Demand to Return to Pre-crisis Levels in Q2 2021 Read More »
Libya’s National Oil Company said it expected oil production to increase to 260,000 barrels per day (bpd) next week. The OPEC member is looking to revive its oil industry, crippled by a blockade since January. Oil prices declined by around 5% in energy commodities on Monday. The market is grappling with the prospect of collapsing …
Jet fuel prices declined due to flights that were canceled over the coronavirus-related restrictions. This prompted the Russians to blend it with diesel for cars. But this may lead to shortages of the fuel for planes and lower tax returns, according to commodities experts. The increase of the surrogate fuel is also a source of …
Jet Fuel Prices Drop over Cancelled Flights | Wibest Broker Read More »
Oil Rises after OPEC’s Warning to Stick to Quotas Oil prices rose for a fourth day in a row in energy commodities on Friday. This has put crude on track for a weekly gain of about 10%. This comes after Saudi Arabia pressing allies to stick to production quotas and banks including Goldman Sachs predict …
Oil Rises after OPEC’s Warning to Stick to Quotas Read More »
Gold was down on Thursday morning in Asian commodities. A stronger dollar pulled the precious metal back from its two-week high. The dollar improved due to better-than-expected U.S. unemployment figures. The USD pushed gold down steeply on Thursday. Gold futures declined 1.23% to $1,946.30 by 12:49 AM ET (5:49 AM GMT). Moreover, the U.S. Federal …
Gold Declines as USD Strengthens | Wibest Broker Read More »
Gold futures were edging higher in commodities on Wednesday. Investors were positioning ahead of a Federal Reserve statement that’s likely to prove mostly bullish for long-term metals investors. Markets are expecting the Fed to indicate continued support even if it isn’t expected to change interest rates. This is from a range between 0% and 0.25%. …
Gold Up Ahead of Fed’s Policy Statement | Wibest Broker Read More »
Royal Dutch Shell sees its liquefied natural gas as core to its long term plans. It remains undaunted by hefty write downs on its Australian gas assets. Also core to its long term plans is Royal Dutch Shell’s “new energy” acquisitions Down Under. This was a statement from the Australian unit’s chairman about these commodities …
Shell Focuses on Australian Operations | Wibest Broker Read More »
Oil edged lower Friday in energy commodities, finishing at the bottom of a tight trading range. Brent crude was down 0.25% to USD39.80 a barrel. TI climbed slightly by 0.50% to USD37.45 a barrel. Oil has edged higher in early Asian trading, both contracts up 15 cents. This was coat-tailing the positive start by equities. …
Oil headed for its first back-to-back weekly losses since April’s price rout in energy commodities. Swelling U.S. stockpiles added to signs that the global energy demand recovery will take longer than previously anticipated. In New York, futures were steady near $37 a barrel and are down around 6% this week. Moreover, U.S. crude inventories rose …
Gold was steady in Asia after a rapid rise overnight in commodities. A falling dollar and a volatile stock market situation set the stage for the initial rise of the precious metal. Thursday’s report showed Gold futures inched up 0.06% to $1,956 by 12:05 AM ET (5:05 AM GMT). A rally in U.S. tech stocks …
Gold Steady After an Overnight Boost | Wibest Broker Read More »
Gold fell on Wednesday morning in Asia after a steep drop and then recovery during the previous session in commodities. The recovery of this precious metal was sparked by major selloffs in stocks. Gold futures were up 0.32% at $1,937.05 by 12:39 AM ET (5:39 GMT). This was after seeing both a peak of $1,947.70 …
Gold Steadies After Steep Drop and Bounce | Wibest Broker Read More »
Soybean demand rose for its 11th straight week on Tuesday to its highest since June 2018. Meanwhile, other agricultural commodities are anticipating heavy rains in coming months. Chicago Board of Trade added $9.74-3/4 a bushel earlier after touching a $9.77 high last seen in June 2018. Private exporters for the US commodity sold 318,000 tons …
Soybean Reaches 2018 Highs, Wheat Awaits Heavy Rains Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
