Latest Commodities News
Despite Soaring Power Needs, China Walks Away from Costly LNG
Despite surging summer demand for electricity, China is refusing to purchase high-priced liquefied…
Oil Prices Expected to Stay Under $70 Amid Global Supply Stability
Global oil prices are projected to remain below $70 per barrel in the near…
OPEC+ Shocks Markets with Larger-Than-Expected Production Increase
In an unexpected move, OPEC+ announced a significantly larger-than-anticipated increase in oil…
Russia’s Oil and Gas Revenues Fall to Lowest Levels Since January 2023 Amid Sanctions and Price Volatility
Russia’s oil and gas revenues have dropped to their lowest level since…
Standard Chartered: Oil Markets Have Room to Absorb Additional OPEC+ Supply
Standard Chartered analysts have signaled confidence in the oil market's resilience, stating…
OPEC Tensions Build as Kazakhstan’s Oil Production Hits All-Time High
Kazakhstan's oil production has reached unprecedented levels, openly defying OPEC+ quotas and…
Who Controls African Resources?
Africa is one of the richest continents in terms of natural resources…