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The latest commodity market moves as well as developments in the futures markets. Stay up-to-date with breaking commodities news and specifics on major commodities such as crude oil and gold.
BEIJING (Reuters) – China’s CNOOC (NYSE:CEO) Ltd has bought its U.S. subsidiary, along with its upstream oil and gasoline property within the Gulf of Mexico, to British chemical compounds group INEOS, in accordance with a CNOOC assertion issued on Saturday.…
HAVANA (Reuters) – Cubans nonetheless reeling from months of hours-long blackouts now have a brand new drawback on their arms: gasoline shortages. Many gasoline stations throughout the island have been shuttered for days as an unusually extreme shortfall has left…
By Divya Rajagopal TORONTO (Reuters) – Ottawa and the provinces will reply robustly if the incoming U.S. administration goes forward with a promise to impose tariffs on imports from Canada, Finance Minister Chrystia Freeland stated on Friday. Prime Minister Justin…
By Tom Polansek CHICAGO (Reuters) – The Biden administration authorized a second spherical of emergency funding to dam New World screwworm from getting into the U.S. on Friday, a U.S. Division of Agriculture undersecretary instructed Reuters, after Washington suspended cattle…
By Olga Popova, Gleb Stolyarov and Jonathan Saul MOSCOW/LONDON (Reuters) – Russian wheat provides to Syria have been suspended due to uncertainty in regards to the new authorities and cost delays, Russian and Syrian sources stated on Friday, whereas two…
Evaluation from UBS signifies a lower within the danger premium for European gasoline, as secure Russian provide has led to a drop in TTF futures under €45/MWh, down from earlier winter highs of €49 Regardless of ongoing uncertainties round Russian…
By Stephanie van den Berg THE HAGUE (Reuters) – The World Courtroom concludes hearings on Friday on nations’ authorized obligation to battle local weather change and whether or not massive states contributing most to greenhouse-gas emissions could also be answerable…
By Julia Payne and Robert Harvey LONDON (Reuters) – International commodity buying and selling home Trafigura noticed a pointy drop in its earnings for 2024 and has revised down its fairness and income for earlier years after it found a…
By Ashley Tang and Rajendra Jadhav KUALA LUMPUR/MUMBAI (Reuters) – Malaysia’s palm oil manufacturing is ready to fall for the fourth consecutive month in December as heavy rainfall hit harvesting on this planet’s second-largest producer of the tropical oil, the…
By Forrest Crellin PARIS (Reuters) – The shale drilling strategies that led to a growth in oil and gasoline output have additionally spurred the event of geothermal, which in idea may present a steady supply of energy equal to the…
