Oil Drops 2% on Powell’s commentsCommodities

Oil Drops 2% on Powell’s comments

Federal Reserve Chairman Jerome Powell cautioned that the economy could receive damage from trying to reduce inflation; hence, prices fell.…

Tunisia Restarts Phosphate ExportsCommodities

Tunisia Restarts Phosphate Exports

The North African country is suffering its most destructive financial crisis. It is seeking to regain its position as a…

India Is About to Allow the Halted Wheat ShipmentsCommodities

India Is About to Allow the Halted Wheat Shipments

The government said India would also allow wheat exports to Egypt in a statement. The government said it decided that…

Russia Becomes the 4th Oil SupplierCommodities

Russia Becomes the 4th Oil Supplier

According to the data, Russia’s share in India’s oil purchases increased to a record 6%, approximately 277,000 barrels per day…

Europe Could Mix Tariffs with Russian OilCommodities

Europe Could Mix Tariffs with Russian Oil

U.S. Treasury officials informed reporters that the tariff concept would come at the G7 finance leaders meeting this week as…

Putin Doubts European DitchCommodities

Putin Doubts European Ditch

EU members are reconciling a proposed oil embargo on Russia over Ukraine. Nevertheless, talks failed this week due to a…

Oil Has Support While Gold ImprovesCommodities

Oil Has Support While Gold Improves

Brent crude increased by 2.45% to USD 113.85 a barrel overnight, where it remains in quiet Asian trading. WTI rose by 3.30%…

Equinor Decided to Expand Brazil Oil Operators   Commodities

Equinor Decided to Expand Brazil Oil Operators  

The company stated that the firms want to expand future production from the Bacalhau oil field; Equinor’s largest project outside…

Brazil mills withdraw sugar exportsCommodities

Brazil mills withdraw sugar exports

Almost every company involved in sugar trading in Brazil has seen revocations. A trader at a prominent international commodities merchant…

Iraq Is Hesitant About Chinese Control of Its OilfieldsCommodities

Iraq Is Hesitant About Chinese Control of Its Oilfields

After 2021, Russia’s Lukoil (LKOH.MM) and U.S. oil major Exxon Mobil (XOM.N) to sell stakes in marked fields to Chinese…