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Commodities News
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…
Oil prices rise as Saudi Arabia pledges further supply cut
By Sonali PaulMELBOURNE (Reuters) - Oil futures climbed in early trade on Tuesday, boosted by an unexpected commitment from Saudi Arabia…
Oil prices rise on demand prospects as lockdowns start to ease
By Sonali PaulMELBOURNE (Reuters) - Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on…
