Tag: “Commodity”

President Donald Trump said the US had presented Iran with a proposal over Tehran’s nuclear ambitions and that the country’s negotiators needed to move soon on the offer as talks intensify.

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices.

U.S. crude oil futures fell more than 1% on Monday, after OPEC+ agreed to surge production for a second month.

Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could raise production and data showing a contraction in the U.S. economy, the world’s top oil consumer.

Gold prices hit a record high, touching the $3,400 mark on Monday, as a faltering dollar and worries about a global economic slowdown over rising U.S.-China trade tensions kept safe-haven bullion in demand.

India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere.

Global oil demand will grow much more slowly than expected this year and U.S. production increases will also taper off, due to U.S. President Donald Trump’s tariffs on trading partners and their retaliatory moves, the International Energy Agency said.

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United States.

Oil prices slumped to four-year lows Wednesday after China announced additional tariff measures on U.S. goods, ramping up the trade war between the two largest economies in the world.

U.S. President Donald Trump signed executive orders on Tuesday that aim to boost coal production in his latest action that runs counter to global efforts to curb carbon emissions.

Ο χρυσός κατέγραψε νέα άνοδο καθώς οι αγορές προετοιμάζονται για την αύξηση των δασμών από τις Ηνωμένες Πολιτείες σε κινεζικά προϊόντα, έως και το 104%, μια κίνηση στην οποία το Πεκίνο αναμένεται να απαντήσει με αντίποινα, την ώρα που εξανεμίζονται οι ελπίδες αποφυγής ενός σφοδρού παγκόσμιου εμπορικού πολέμου.

Oil prices plunged by 8% on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in an escalating global trade war with the U.S. after President Donald Trump’s barrage of levies this week.

Gold started the week with a fresh record high, ahead of President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war.

Oil prices edged higher on Wednesday as concerns about tighter global supply grew following the U.S. threat of tariffs on nations buying Venezuelan crude, along with a larger-than-expected drop in U.S. crude inventories.

Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S. President Donald Trump’s order threatening tariffs on countries buying from Caracas created fresh uncertainty, days after U.S. sanctions targeting China’s imports from Iran.

Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing.

Russia’s oil exports remained near a four-month high ahead of talks between President Vladimir Putin and US counterpart Donald Trump aimed at bringing a halt to the war in Ukraine.

Gold rose to a record high above $3,028 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down.

Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.

UBS Group AG became the latest bank to raise its price outlook for gold on increasing chances of a protracted global trade war — a scenario that analysts expect will continue to drive investors to scoop up more of the ultimate haven asset.