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Commodities News
Oil drops after U.S. inventory build renews oversupply concerns
TOKYO (Reuters) - Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States,…
Oil climbs over 2% after OPEC+ extends output cuts to end-July
By Florence TanSINGAPORE (Reuters) - Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its…
Oil prices fall on concerns supply to rise as producers wrangle on cuts
By Sonali PaulMELBOURNE (Reuters) - Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will…
Exclusive: China approves $20 billion mega petchem complex in Shandong oil hub – sources
By Chen AizhuSINGAPORE (Reuters) - China is reviving a $20 billion petrochemical project in eastern Shandong province as part of efforts…
China asks state firms to halt purchases of U.S. soybeans, pork, say sources
BEIJING (Reuters) - China has asked its state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar…
OPEC+ must plan exit strategy: Kemp
By John KempLONDON (Reuters) - Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have only just started…
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
By Sonali PaulMELBOURNE (Reuters) - Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude…
Asian jet fuel refining margins turn positive first time in a month
By Koustav SamantaSINGAPORE (Reuters) - Asian refining margins for jet fuel turned positive for the first time in a month, bolstered by…
Oil prices edge higher on surprise U.S. stock drawdown, but demand concerns linger
SEOUL (Reuters) - Oil prices crept up on Thursday, supported by a surprise decline of U.S. crude inventories, but gains were capped by…
Locked down shoppers turn to vegetables, shun ready meals
By Francesco Guarascio and Clement RossignolBRUSSELS (Reuters) - Shoppers cut spending on ready-made meals and bought more fruit and…