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Gold prices rise due to banking crisis
Commodities

Gold prices rise due to banking crisis

On March 15, gold prices rose more than 1% to their highest level since early February. The crisis in the banking sector has discouraged investors from buying riskier assets, driving them instead to the safe haven of bullion.

March 15, 2023• 2 min
EU Commission plans expansion of raw materials
Commodities

EU Commission plans expansion of raw materials

The European Commission has unveiled a new raw materials law to help reduce the EU's dependence on critical raw materials from third countries such as China. Under the law, at least 10 percent of strategic raw materials are to be mined within the EU by 2030, …

March 9, 2023• 1 min
India's oil deals with Russia threaten dollar dominance
Commodities

India's oil deals with Russia threaten dollar dominance

U.S.-led sanctions against Russia have staggered the dollar's decades-long advance in international oil trade. Most oil deals with India - Russia's main outlet for seaborne crude - have been conducted in other currencies. India's oil trade provides the …

March 8, 2023• 2 min
Energy prices in Germany remain high
Industry

Energy prices in Germany remain high

Producer prices for energy in January 2023 were still a third higher than a year earlier. The most affected was the price of natural gas, which rose by 50 percent, followed by the price of electricity, which increased by 27.3 percent. Petroleum products such …

February 23, 2023• 2 min
ExxonMobil strengthens its ambitions in energy trading
Commodities

ExxonMobil strengthens its ambitions in energy trading

ExxonMobil plant einen erneuten Vorstoß in den Energiehandel, um es mit Rivalen wie Shell und BP aufzunehmen, die sich seit langem auf den Kauf und Verkauf von Rohstoffen stützen, um ihre Gewinne zu steigern.

February 10, 2023• 2 min
Shell profits double to $40 billion
Commodities

Shell profits double to $40 billion

Shell has posted record profits of nearly $40 billion for 2022 after a turbulent year in energy markets that drove up costs for households and exposed many of the challenges of moving away from hydrocarbons.

February 2, 2023• 3 min
Europe cuts gas demand by a quarter
Commodities

Europe cuts gas demand by a quarter

EU countries cut gas demand by a quarter in November despite falling temperatures. This is the latest evidence that the EU is managing to reduce its dependence on Russian energy since Moscow invaded Ukraine.

December 5, 2022• 3 min
The British oil and gas producer Harbor Energy warns of the risk of tax losses
Commodities

The British oil and gas producer Harbor Energy warns of the risk of tax losses

Harbor Energy, the largest oil and gas producer in Britain's North Sea, has warned the government it could be forced to reconsider its investments in the country if the tax on profits is increased.

November 3, 2022• 3 min
ExxonMobil accuses Russia of 'expropriation'
Commodities

ExxonMobil accuses Russia of 'expropriation'

ExxonMobil has pulled out of the country after the government "expropriated" its largest oil field in Russia, raising the possibility of a multi-billion dollar legal battle with the Kremlin.

October 18, 2022• 2 min
Glencore's trading partner in China is in a liquidity crisis
Commodities

Glencore's trading partner in China is in a liquidity crisis

Mining giant Glencore is facing disruption at its largest partner in selling refined copper to the Chinese market as Maike Metals International, a powerful trading house, grapples with a liquidity crunch. The slowdown in China's economy and the downturn in the …

September 27, 2022• 4 min