Commodities News

Saudi Aramco announced Q2 results on Sunday. Huge revenues, huge profits is the TL;DR summary. As part of the announcement were comments pertinent to their outlook:will reduce debt...

Since its invasion of Ukraine, Moscow has twice blocked Kazakh oil exports crossing its territory. Is this revenge for Kazakhstan’s refusal to endorse the war? An attempt to push...

The company is using the windfall to reduce debt and invest in a huge expansion of its production capacity.

European oil majors are boosting investment in renewable energy sources as they aim to become net-zero energy companies by 2050 and slash carbon emissions. And there is one...

Several African countries have been gradually boosting their oil and gas output over the last year, as demand for fossil fuels continues to rise. While many countries in the West...

BUENOS AIRES (Reuters) – Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American...

By WeedMaps News, provided exclusively to Benzinga Cannabis. What You’ll Learn in This Article To clear misinformation and keep the canna-curious well-informed, it’s critical we...

The Stainless Monthly Metals Index (MMI) dropped 8.87% from June to July. After nickel prices hit a bottom mid-July, they followed the base metal trend upward. By the beginning of...

By WeedMaps News' Adam Dury, provided exclusively to Benzinga Cannabis. From a consumer's perspective, potency is one of the most important things to consider when purchasing a CBD...

By Clark Mindock (Reuters) – The Bureau of Land Management will pause oil and gas leasing on 2.2 million acres of Colorado public land after environmental groups alleged its...

A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms is expected to be replaced by day’s end, a Louisiana official said on...

HMM reported a net profit of 2.9 trillion won ($2.2 billion) in the second quarter, surging 1,293.4 percent on year helped by higher freight rates. The figure beat analyst...

The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration’s...

Nigerian security agencies have scaled up operations to dislodge thieves ravaging oil pipelines and other production facilities in the Niger Delta region, the military said Aug....

Russian oil production is set to drop by 20% next year as the European Union’s import ban on Russian oil-product shipments kicks in, according to the International Energy Agency...

Libya’s crude oil production averaged nearly 1.2 million barrels per day (b/d) during 2021. In late December 2021, armed militants shut in an estimated 0.4 million b/d of crude oil...

After an electoral victory, which shocked many in and outside of Colombia, long-time senator and former leftist guerilla Gustavo Petro was inaugurated as Colombia’s President last...

By Marianna Parraga HOUSTON (Reuters) – Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide...

Crude prices fell on Friday morning, erasing some gains as traders remain cautious to go long on crude again. August 12th,This week has been quite tumultuous in the oil markets,...

The price of WTI crude oil futures are settling at $92.09. That's down $-2.25 or 2.3%. The low price reached $91.19. The high price extended to $94.79. One week ago today, the...

PRAGUE (Reuters) – Flows of Russian oil through the Druzhba pipeline to the Czech Republic resumed at 8 p.m. (1800 GMT) on Friday, Czech pipeline operator MERO said.

(Reuters) – Russia’s Rosneft said on Friday that replacing Russian oil supply via the Druzhba pipeline to the 240,000 barrel-per-day German PCK Schwedt refinery it owns...

(Reuters) – Shell said its Amberjack pipeline is back online and flowing at reduced capacity, while the Mars oil pipeline is expected back online on Friday.

Gold futures closed higher Friday, shrugging off earlier weakness, to sweep to a fourth straight week in a row of gains. Gold for December rose 0.5% on Friday, or $8.30, to...

Gulf of Mexico offshore oil producers are working to restart output after damages to a pipeline halted operations at seven platforms, with Reuters reporting that the pipeline could...

The Baker Hughes weekly rig count is showingZ:Oil rig count +3 to 601Gas rig count -1 to 160Total rig cound -1 to 763I am not sure what the other 2 rig counts are (601+160 = 761 vs...

A European bank has agreed to process a payment for the transit of Russian oil through Ukraine, Slovak refiner Slovnaft and another source familiar with the matter said, removing...

Commodity prices have been behaving irrationally, according to a Goldman Sachs Group Inc. (NYSE: GS) analyst, citing further unsustainable price increases. The Goldman Sachs...

At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of crude through the...

By Laila Kearney NEW YORK (Reuters) -Crews were expected to replace a damaged oil pipeline piece by the end of the day on Friday, a Louisiana port official said, allowing for the...