Tag: “Commodity”

Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude supplies while there are outages in Kazakhstan.

Στις μεγάλες αντιφάσεις της ευρωπαϊκής ενεργειακής πολιτικής αναφέρθηκε χθες , ο Αλέξανδρος Εξάρχου, Πρόεδρος και Διευθύνων σύμβουλος του Ομίλου ΑΚΤΩΡ, στο περιθώριο συζήτησης για το μέλλον της Ευρώπης.

Global liquefied natural gas (LNG) output is set to jump this year, easing constraints seen since the 2022 Ukraine war and dampening prices, which could spur demand including from top importers China and India, analysts say.

The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so far excess supplies have offset the geopolitical risk of disruption.

The first US sale of Venezuelan crude was to a company whose senior oil trader donated to Donald Trump’s re-election campaign and attended a White House meeting with the president last week.

Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter.

Global oil prices have fallen by more than 1% after Donald Trump said Venezuela would hand over 30m to 50m barrels of the country’s blockaded crude to the US.

Global investors reached for classic safe-haven assets Monday, driving gold, silver, and the U.S. dollar higher, as President Donald Trump’s ousting of Venezuela President Nicolás Maduro added a new element of geopolitical risk to markets early in the new year.

The U.S. operation against Venezuelan president Nicolás Maduro has thrown one of the world’s most politically fraught oil industries back into focus, forcing investors to reassess who controls the country’s crude resources and whether they can be meaningfully revived after decades of decline.

Oil held broadly steady on Monday as traders shrugged off any possible impact on oil flows from the U.S. capture of President Nicolas Maduro of Venezuela, home of the biggest global oil reserves.

Silver prices hit a fresh all-time high in early Friday trading, topping the $75 an ounce mark for the first time on record, as precious metals extended a historic year of gains amid concerns over currency debasement and a surge in industrial demand.

Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Silver and platinum also advanced to records.

Oil rose as President Donald Trump intensified a blockade on Venezuela, with US forces boarding one tanker and pursuing another within weeks of first capturing a vessel.

Oil prices rallied by nearly 2% on Wednesday after U.S. President Donald Trump ordered a complete blockade of all sanctioned oil tankers entering and leaving Venezuela, raising global political tensions at a time of concerns over demand.

The oil market faces a “super glut” next year as a burst of new supply collides with weakness in the global economy, one of the world’s biggest commodity traders has warned.

Activist hedge fund Elliott Management has built a large stake in Barrick Mining, according to people familiar with the matter, after the world’s second-largest gold producer struggled to capitalise on a blistering bullion rally.

Russia’s Black Sea port of Novorossiysk temporarily suspended oil exports, equivalent to 2.2 million barrels per day, or 2% of global supply, on Friday, according to industry sources, after what local authorities said was a Ukrainian drone attack.

The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, the International Energy Agency said on Thursday.

Oil prices were little changed despite news that OPEC+ plans to end its supply increases, with the market weighed down by fears of an oil supply glut and weak factory data in Asia.

Iraq’s total oil exports stand at 3.6 million barrels per day, Oil Minister Hayan Abdel-Ghani said on Monday, adding that a fire at Iraq’s Zubair oilfield on Sunday did not impact shipments.