Tag: “Commodity”

Crude oil prices rose Monday after a deadly attack on Saudi Arabia’s airport in Riyadh, while Ukraine said Russia continued to attack its energy facilities. Brent crude futures, the international benchmark, were up 2% to $106.81 a barrel by 8:45 a.m.

Oil prices fell on Friday as Middle East supply concerns eased after President Donald Trump said the US would not attack Iran before ​midterm elections next month, amid productive talks to end their war that has disrupted ‌global energy markets.

President Donald Trump has allowed the use of cheaper red-dyed diesel, typically reserved for farm operations, to be used more broadly in an attempt to bring down record-high fuel costs.

Ukraine’s state oil and gas company Naftogaz is considering buying five gas-turbine compressor units ​from Germany’s Siemens Energy, its energy ministry said ‌on Monday, after the companies signed an agreement to expand cooperation on energy.

China’s antitrust regulator has asked Anglo American to commit ​to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion ‌merger with Canada’s Teck Resources, three people aware of the development said.

European steel exports have fallen by a fifth with production at historic lows as the industry contends with soaring energy costs, US tariffs and the knock-on impacts of vast oversupply from China.

Oil prices rose on Thursday, reversing earlier losses, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets.

Oil prices jumped on Monday after U.S. President Donald Trump rejected an Iranian peace proposal aimed at ending the Middle East conflict and reopening the strategically vital Strait of Hormuz. International benchmark Brent crude futures with November expiry traded 4% higher at $108.48 per barrel.

Gold prices fell more than 3% on Monday, extending losses after a sharp weekly decline, as elevated oil prices, rising Treasury yields and expectations for further Federal Reserve rate hikes kept pressure on bullion.

Iran’s military on Wednesday described U.S. President Donald Trump’s threats to annihilate Tehran as “a sign of strategic desperation,” warning the country stands ready to inflict strikes “more crushing” than earlier in the nearly seven-month conflict.

Iran has suggested it could reopen the strategically vital Strait of Hormuz within seven days if the U.S. eases military pressure and lifts its blockade on Iranian ports, according to media reports.

Νέα στρατηγική βιομηχανική επένδυση ύψους περίπου 25 εκατ. ευρώ πραγματοποιεί η METLEN στην ΕΠ.ΑΛ.ΜΕ., ενισχύοντας περαιτέρω το “Integrated Aluminium Value Chain” του Κλάδου Μετάλλων και με στόχο την αναβάθμιση της αξιοποίησης ανακυκλωμένου αλουμινίου.

Oil prices fell on Friday as investors weighed fresh strikes between Saudi Arabia and Yemen’s Iran-backed Houthis against signs that additional Saudi crude could reach global markets and help ease supply concerns.

Oil retreated Wednesday after a report said U.S. energy inventories rose last week, with investors assessing the latest developments in Middle East conflict and associated supply risks.

The U.K.’s annual inflation rate jumped to 3.1% in August, pushed up by surging gasoline and diesel prices.

Chief Financial Officer Frad Delco at J.B. Hunt Transport Services told investors at a Morgan Stanley conference that third-quarter earnings would be down from the second quarter.

European and British wholesale natural gas prices surged nearly 5% on Monday, breaking through major psychological resistance levels to touch fresh 2022 high watermarks as intensifying Middle East transit disruptions and warnings over depleted storage reserves rattled energy bourses.

The Iran and Ukraine wars are adding pressure to an oil refining system “stretched to the limit,” the International Energy Agency warned Friday, as it once again cut its global supply and demand forecasts amid the ongoing energy shock.

OPEC on ‌Thursday lowered its forecast for world oil demand ​growth in 2026 ​to 380,000 barrels per day, ⁠a copy of ​its monthly report showed, marking ​the fifth straight downward revision.

Όπως ανέφερε ο Εκτελεστικός Πρόεδρος της METLEN, Ευάγγελος Μυτιληναίος, στο Bloomberg TV, η κατάσταση στην αγορά LNG γίνεται ολοένα και πιο κρίσιμη, θυμίζοντας την περίοδο των τελών του 2022 και των αρχών του 2023, ενώ οι τιμές ηλεκτρικής ενέργειας στην Ευρώπη έχουν ήδη εκτοξευθεί.