Commodities Market News - International Business Times, Singapore

Gas Prices Rise in Europe as Russia's Energy War on the West Escalates

European gas prices rose nearly 2 percent after Russia further reduced gas flows on Nord Stream to Europe.

Jul 27, 2022

By Jacob J

Europe Braces for Russian Gas Shutdown; Agrees to Drastic Cut in Consumption Until March

EU energy ministers rally around Brussels' call to limit gas consumption and send a message of European unity to Moscow.

Jul 26, 2022

By Jacob J

Average US Gasoline Prices Could Drop Below $4 Per Gallon by October - Analyst

In early June, US gasoline prices shot through the sensitive barrier of $5 per gallon.

Jul 23, 2022

By Jacob J

Staggering Big Oil Profits Over the Years: $52 Trillion in 50 Years, Or $2.8 Billion Each Day

The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, a Guardian report says.

Jul 22, 2022

By IANS

EU Nations at Threat of Recession of Russia Shuts Off Gas Supply: IMF

While Hungary, Slovakia and the Czech Republic will be the hardest hit, the impact will be severe for Italy, Germany and Austria as well.

Jul 19, 2022

By Jacob J

Despite Sell-Off, Crude Oil Prices Will Stay at $120 a Barrel in Second Half of the Year - Goldman Sachs

Despite prices tilting downward in the recent weeks, Goldman economists believe that low inventories will be the key driver or prices.

Jul 15, 2022

By Jacob J

Crude Oil Prices Will Tumble to $65 Per Barrel By December - Citigroup Analysts

The analysts at the investment bank are the only ones in the pack that think oil is headed for a fall within months.

Jul 10, 2022

By Jacob J

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Russia's Medvedev Says Oil Prices Could Rise to $400 Per Barrel if the West Pushes Russia Too Far

The world's richest nations have proposed a price cap on Russian oil so as to stop Moscow from building a war chest for the Ukraine campaign.

Jul 5, 2022

By Jacob J

Crude Oil Price Can Hit $380 Per Barrel if Russia is Forced to Cut Output Over G-7 Price Cap - Report

JP Morgan says the "stratospheric" rise in oil price will happen in the wake of the US and European punishment for Russia over the Ukraine war.

Jul 2, 2022

By Jacob J

G-7 Plan to Cap Prices of Russian Crude Oil and Gas is Doomed to Fail, Here's Why

The G-7 plan is to form a cartel that suppresses Russian crude prices while still making Russia pump crude so that supplies remain ample.

Jun 28, 2022

By Jacob J

Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline

According to Gazprom, deliveries via the Nord Stream pipeline has been slashed by around 40 percent as Siemens is undertaking repairs on the line.

Jun 15, 2022

By Jacob J

India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year

India used a whopping 60 million barrels of Russian oil so far in 2022, as against 12 million barrels in the whole of 2021.

Jun 13, 2022

By Jacob J

Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen

The supply of neon and xenon gasses had already come under strain after Ukraine stopped production following the outbreak of the war.

Jun 13, 2022

By Jacob J

Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits

According to AAA, the national average price for unleaded gasoline was $5.004 a gallon on Saturday, June 11.

Jun 11, 2022

By Jacob J

What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption

While West Texas Intermediate crude futures traded above $122 per barrel on Wednesday, Brent prices were above $123 per barrel.

Jun 9, 2022

By Jacob J

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Commodities Market News - International Business Times, Singapore

Gas Prices Rise in Europe as Russia's Energy War on the West Escalates

Europe Braces for Russian Gas Shutdown; Agrees to Drastic Cut in Consumption Until March

Average US Gasoline Prices Could Drop Below $4 Per Gallon by October - Analyst

Staggering Big Oil Profits Over the Years: $52 Trillion in 50 Years, Or $2.8 Billion Each Day

EU Nations at Threat of Recession of Russia Shuts Off Gas Supply: IMF

Despite Sell-Off, Crude Oil Prices Will Stay at $120 a Barrel in Second Half of the Year - Goldman Sachs

Crude Oil Prices Will Tumble to $65 Per Barrel By December - Citigroup Analysts

Russia's Medvedev Says Oil Prices Could Rise to $400 Per Barrel if the West Pushes Russia Too Far

Crude Oil Price Can Hit $380 Per Barrel if Russia is Forced to Cut Output Over G-7 Price Cap - Report

G-7 Plan to Cap Prices of Russian Crude Oil and Gas is Doomed to Fail, Here's Why

Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline

India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year

Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen

Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits

What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's