MOSCOW (Reuters) – Russia had no plans to lift restrictions on exports of fuel in the near future and easing the export limits will be possible only when the volumes have nowhere else to go, Deputy Prime Minister Alexander Novak was quoted as saying by RIA on Friday. The Russian…

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world’s top crude importer China remained uncertain. futures rose 34 cents, or 0.4%,…

The ongoing Israeli-Palestinian conflict, further aggravated by Israel’s ground invasion in Gaza and the resultant 8,000 casualties, could potentially cause significant disruptions in global commodity markets, according to a report by the World Bank. The institution has raised concerns about oil prices surging up to $157 per barrel in an…

In the week ending Sunday, October 26, 2023, the United States Department of Agriculture (USDA) reported a decline in soybean export inspections while noting an increase in inspections for corn and wheat. These mixed results come amid shifting demand patterns in global grain markets. Data from the USDA showed that…

Oil prices experienced a decline on Monday, following a significant increase on Friday due to escalating tensions in the Middle East. The surge in prices was triggered by Israel’s cautious ground invasion of Gaza, sparking concerns of the conflict spreading to other nations in the region and potentially disrupting global…

Investing.com – Crude prices tumbled almost 4% on Monday as the market looked beyond the war in the Middle East to focus on what the Federal Reserve might do or say at its on Wednesday. Concerns over how for October will turn out on Friday also kept oil traders on…

By Sabrina Valle HOUSTON (Reuters) -The former head of Exxon Mobil (NYSE:)’s shale oil and gas business will return as senior vice president over the company’s most important U.S. oil operation following his successor’s arrest earlier this month. Bart Cahir, who was promoted a year ago to run an internal…

By Naveen Thukral and Dominique Patton SINGAPORE/BEIJING (Reuters) – China is set to import record volumes of wheat this year, trading sources say, with rain damage to its crop and worries over dry weather in exporting nations fuelling Beijing’s appetite to buy while prices are low. Traders said China’s frantic…

Investing.com– Gold prices fell below key levels on Tuesday as easing concerns over the Israel-Hamas war sapped safe haven demand, while anticipation of a Federal Reserve meeting kept traders biased towards the dollar. While the Israel-Hamas war still showed no signs of de-escalation, traders began pricing in a lower risk…

By Polina Devitt LONDON (Reuters) – Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year’s record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday. The quarter’s demand of 1,147.5 metric tons…