Commodities
Purdue University/CME Group’s Economy Barometer shows dip, farmland value expectations remain steady
In the month of September, Purdue University/CME Group’s Economy Barometer revealed a continued decline in agri-producer sentiment, with the index dropping to 106. This downward trend has been attributed to rising input costs, escalating interest rates, and falling crop and livestock prices. Despite these challenges, the Farm Capital Investment Index…
By Alphonso Toweh BARCLAYVILLE, Liberia (Reuters) – Liberia’s president, George Weah, has a message for voters ahead of Tuesday’s election: he needs more time. After a first term marred by corruption allegations and continued hardship, many still need convincing. The former soccer star, who came to power in 2017 on…
The National Stock Exchange (NSE) is set to introduce options on NYMEX WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment starting Monday, October 9, 2023. This move comes after receiving approval from the Securities and Exchange Board of India (Sebi), allowing the launch to occur…
The US economy is grappling with soaring gas prices, despite the Federal Reserve’s strategies to curb inflation. As of 2 October, Shell (LON:) petrol stations in Alhambra, California have seen prices exceeding $6.00 per gallon, marking a two-decade high. This surge is largely attributed to prices, which have risen over…
A look at the day ahead in U.S. and global markets from Mike Dolan The bond blast upending world markets has been partly smothered by sharply falling oil prices for now – but September’s U.S. employment report will dictate direction from here. Oil prices scrabbled for a toehold Friday but…
By Olena Harmash KYIV (Reuters) – Ukraine faces a second winter of lengthy power outages amid relentless Russian missile and drone attacks that have left parts of the energy system more vulnerable than a year ago. Thousands of engineers have toiled over the summer months to repair broken equipment, and…
By Lewis Jackson (Reuters) – Workers at Chevron (NYSE:)’s two liquefied (LNG) facilities in Western Australia voted to restart strikes on Friday, with unions accusing the U.S. oil major of reneging on a deal that ended strikes last month. Night-shift workers at Chevron’s Gorgon and Wheatstone facilities voted to restart…
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency on Friday announced two new measures aimed at reducing climate-warming chemicals used in refrigerators and air conditioners that can help the U.S. meet its goals to halve its greenhouse gas emissions this decade. The agency issued a final rule that restricts the…
By Vitalii Hnidyi KHARKIV, Ukraine (Reuters) -Russia unleashed new air strikes on Ukraine early on Friday, killing a 10-year-old boy and his grandmother in the city of Kharkiv and damaging grain and port infrastructure in the Odesa region in the south, Ukrainian officials said. The boy and his grandmother were…
(Reuters) – Exxon Mobil (NYSE:) is in advanced talks to acquire Pioneer Natural Resources (NYSE:) in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter. It would be Exxon’s biggest acquisition since its $81 billion deal for Mobil in…