Commodities Market News - International Business Times, Singapore

Ukraine War Worsens Americans' Economic Hardship; National Average Gas Price to Top $4.80

For some more context, a week into the Ukraine war, the US national average gas price was hovering around the sensitive $4 mark.

Jun 4, 2022

By Jacob J

Gazprom Stops Gas Supplies to Netherland's GasTerra as Europe Rushes to Fill Gas Storage Sites

On Monday European Union leaders agreed in principle to cut the EU's Russian oil imports by 90% by year-end.

May 31, 2022

By Reuters

China Serves Blow to Delusional Europe, Offers to Buy More Russian Crude

Crude prices will shoot up further if Russian oil is blocked off the market due to political opposition in the wake of the Ukraine war.

May 20, 2022

By Jacob J

Major Escalation as Russia Cuts Off Gas to Poland and Bulgaria; Putin Vows to Punish Enemies

Staunch Kremlin opponent Poland is among the European countries seeking the toughest sanctions against Russia for invading its neighbour.

Apr 27, 2022

By Reuters

Analysis: India's Role in Defeating Joe Biden's Oil Market Strategy

Instead of cutting crude purchase from Russia in solidarity with Ukraine, India ramped up oil deals with Russia.

Apr 12, 2022

By Jacob J

Cost of War: Brent Crude Price Breaches $111 Mark; the Highest in 8 Years

Crude oil prices have surged by nearly 15 per cent in the last two days on fear of tight supplies.

Mar 2, 2022

By IANS

Pain at the Pump: Gas Prices in Los Angeles Set 11 New Records in 12 Days

The spike in prices is being blamed in part on the rising cost of crude oil, as well as unplanned refinery maintenance and refinery shutdowns.

Feb 16, 2022

By IANS

Russia Could Cripple US Semiconductor Industry, Worsening Chip Shortage: White House

More than 90% of U.S. semiconductor-grade neon supplies come from Ukraine, while 35% of U.S. palladium is sourced from Russia.

Feb 12, 2022

By Reuters

Global Gold Demand Rises 10% in 2021, ETF Holdings Fall

The total demand for the yellow metal was at 4,021 tonnes, excluding the "over the counter" figures

Jan 29, 2022

By IANS

Saudi Arabia to Take Control of Two Thirds of Poland's Oil Supply in Huge Blow to Russia

Poland has a long history of seeking to reduce its dependence on Russian energy imports.

Jan 18, 2022

By Reuters

Will oil price stay higher after Opec-Russia output reduction?

Crude to Hit $100? Analysts Predict Robust Rally in 2022 as Demand Outstrips Supply

High oil prices could keep inflation uncomfortably high well into 2022, slowing the economic recovery from the pandemic.

Jan 13, 2022

By Reuters

Coronavirus

Exxon Mobil Launches Sale of 61 Shale Gas Wells in Appalachian Basin

The sale could value the assets at around $200 million based on current natural gas prices and existing production from the wells.

Jan 12, 2022

By Reuters

Uranium Shortage? World's Top Producer Rules Out Impact From Kazakhstan Unrest

Uranium prices have risen after unrest in Kazakhstan which was spurred initially by protests against fuel price hikes.

Jan 7, 2022

By Reuters

venezuela-election-nicolas-maduro-set-to-win-amid-socioeconomic-chaos

Venezuela President Maduro Plans Iran Visit to Boost Oil Cooperation

Maduro's government has received vital equipment for its oil industry from Iran, which in return has received crude and other primary resources from the South American country.

Dec 27, 2021

By Reuters

An LNG tanker passes boats along the coast of Singapore

US Poised to Beat Qatar, Australia to Become the World's Biggest LNG Exporter

Major U.S. developers like Cheniere Energy, the largest U.S. exporter, have signed numerous long-term deals to sell LNG in recent months.

Dec 26, 2021

By Reuters

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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

Ukraine War Worsens Americans' Economic Hardship; National Average Gas Price to Top $4.80

Gazprom Stops Gas Supplies to Netherland's GasTerra as Europe Rushes to Fill Gas Storage Sites

China Serves Blow to Delusional Europe, Offers to Buy More Russian Crude

Major Escalation as Russia Cuts Off Gas to Poland and Bulgaria; Putin Vows to Punish Enemies

Analysis: India's Role in Defeating Joe Biden's Oil Market Strategy

Cost of War: Brent Crude Price Breaches $111 Mark; the Highest in 8 Years

Pain at the Pump: Gas Prices in Los Angeles Set 11 New Records in 12 Days

Russia Could Cripple US Semiconductor Industry, Worsening Chip Shortage: White House

Global Gold Demand Rises 10% in 2021, ETF Holdings Fall

Saudi Arabia to Take Control of Two Thirds of Poland's Oil Supply in Huge Blow to Russia

Crude to Hit $100? Analysts Predict Robust Rally in 2022 as Demand Outstrips Supply

Exxon Mobil Launches Sale of 61 Shale Gas Wells in Appalachian Basin

Uranium Shortage? World's Top Producer Rules Out Impact From Kazakhstan Unrest

Venezuela President Maduro Plans Iran Visit to Boost Oil Cooperation

US Poised to Beat Qatar, Australia to Become the World's Biggest LNG Exporter

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