Tag: “Commodity”

Oil Nudges Higher as Bessent Says US Wants to Cut Iran Exports

Oil rose after US Treasury Secretary Scott Bessent said the Trump administration remains committed to reducing Iran’s oil exports.

Ο Τραμπ υπέγραψε την επιβολή δασμών 25% σε χάλυβα και αλουμίνιο – Σε ισχύ από 12 Μαρτίου

Στην καθολική -χωρίς εξαίρεση- επιβολή τελωνειακών δασμών 25% στον χάλυβα και στο αλουμίνιο, με ισχύ από τις 12 Μαρτίου προχώρησε ο πρόεδρος των ΗΠΑ, Ντόναλντ Τραμπ, με αποτέλεσμα ο εμπορικός πόλεμος που είχε προαναγγείλει ότι θα εξαπέλυε να περνά επισήμως σε νέα φάση.

China’s retaliatory tariffs on crude likely to push US exports lower in 2025

China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the COVID-19 pandemic, after growth plateaued last year.

Oil, gasoline prices jump after Trump slaps tariffs on Canada crude

Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.

U.S. Crude Oil Inventories Rise For First Time in 10 Weeks

U.S. crude oil inventories increased for the first time in 10 weeks as exports fell and refineries lowered their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.

OPEC+ yet to react to Trump call for lower oil prices

OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April.

U.S. crude oil falls more than 2% as Trump weighs tariffs, aims to boost energy production

U.S. crude oil fell more than 2% on Tuesday, as President Donald Trump weighs imposing tariffs on key trade partners while vowing to boost domestic energy production.

Global diesel prices spike as US hits Russia with new sanctions

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.

Oil Jumps on Fresh U.S. Sanctions Against Russia

Oil prices jumped to their highest in more than four months as wider U.S. sanctions against Russia’s energy industry threaten to disrupt global supplies.

China’s Shandong Port Group bans US-sanctioned oil vessels, traders say

Shandong Port Group issued a notice on Monday banning U.S.-sanctioned oil vessels from calling into its ports on China’s east coast, three traders said.

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.

U.S. Crude Oil Stockpiles Fall Less Than Expected

U.S. oil inventories fell by 1.2 million barrels last week; Analysts had predicted crude stockpiles would fall by 2.4 million barrels

European gas prices soar after Russian gas flow via Ukraine stops

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year’s Day.

U.S. Natural Gas Futures Give Back Gains in Volatile Trade

U.S. natural gas futures give back almost half of the previous day’s 16% gain as prices continue to swing on the prospects of severe winter weather.

Oil drifts higher in sparse holiday trade

Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil consumers.

Oil rises on China stimulus hopes, US inventory drop

Oil rose almost 1% on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories.

Donald Trump tells EU to buy US oil and gas or face tariffs

US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

Oil slips on demand concerns after Fed signals slower rate cuts

Oil prices fell on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth, reduce fuel demand and strengthen the dollar.

Cocoa prices climb to new record high, prompting fresh warnings about extreme volatility

The price of chocolate’s key ingredient has skyrocketed this year, prompting analysts to issue fresh warnings about extreme price volatility.

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump to the White House.