Tag: “Commodity”

Oil prices rose on Monday to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while more oil imports by China also offered support along with signs of tighter supply.

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising consumption in the developing world, and said there was no sign oil use had reached its peak.

Αυξημένη κατά 12,38% καταγράφεται η εγχώρια κατανάλωση φυσικού αερίου το α’ εξάμηνο του 2025, στις 34,59 TWh, έναντι 30,78 TWh την ίδια περίοδο του 2024, σύμφωνα με τα στοιχεία της ΔΕΣΦΑ, συμβάλλοντας στη σταθερότητα του ελληνικού ενεργειακού συστήματος και την περαιτέρω ασφαλή ενσωμάτωση των ΑΠΕ.

Markets are thirsty for oil because they are absorbing OPEC+ production increases without building inventories, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday.

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said.

Δυναμώνει το αποτύπωμα του στο εξωτερικό και βελτιώνει τις υποδομές του στην Ελλάδα ο Όμιλος Alumil.

Gasoline prices are on track to hit their lowest level since 2021 heading into the July Fourth holiday.

Oil prices extended losses on Tuesday to hit a two-week low on what the market viewed as lower risk of supply disruptions in the Middle East, though U.S. President Donald Trump accused both Israel and Iran of violating a ceasefire he helped to broker.

 Gold dropped more than 1% to touch a two-week low on Tuesday, after U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran diminished bullion’s safe-haven appeal.

Oil prices touched a five-month high before paring gains on Monday as oil and gas transit continued on tankers from the Middle East after U.S. airstrikes against Iran at the weekend.

Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency said on Tuesday.

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in oil supply from producers outside the wider OPEC+ group in 2026.

Oil prices jumped over $5 on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Oil prices rose to a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade negotiations, while pessimism over U.S.-Iran nuclear talks also provided support.

The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow, the Financial Times reported on Tuesday.

Silver rallied Thursday to tap its highest price in more than 13 years, with the industrial metal finally making a significant move to catch up to gold’s gains, pulling the gold-silver ratio down to its lowest level since the Trump administration’s “liberation day” tariff announcement.

The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil prices lower.

U.S. prices of steel and aluminium spiked on Monday while shares of foreign steelmakers slumped after U.S. President Donald Trump said he would double tariffs on imports of the two metals to 50%.

Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts.

President Donald Trump on Sunday indicated there was progress with Iran on its nuclear program and hinted that an announcement could come in the “next two days.”