Other Commodities
Energy & Precious Metals
Oil was down again last week and gold rose above $ 1,800 for the first time in a month. While the Omicron fear was blamed for the first development and inflation for the second, there was a third, less noticeable factor for both developments that could become …
Exxon bids on oil blocks in Brazil
Exxon Mobil Corp (NYSE: XOM) is ready to bid on new blocks in Brazil's deep-sea oil fields on Friday, a focus area for growing its oil and gas production, according to people familiar with the matter.
Omikron affects oil price
Oil futures contracts eased on Monday amid fears that rising coronavirus cases around the world could reduce demand for crude oil as new doubts emerged about the effectiveness of vaccines against the Omicron variant.
Oil CEOs argue with US Department of Energy officials
However, a US Department of Energy official said industry has a moral obligation to address climate change and the economic opportunities it presents.
Saudis increase oil price
The price of oil rose after Saudi Arabia pushed up the price of its crude oil, signaling confidence in the demand outlook despite the spread of the Omicron variant of the coronavirus.
Potash producer stocks rise
Shares in global potash producers rose Thursday after the United States imposed sanctions on the Belarusian exporter, which accounts for 16% of world production, as well as wide-ranging sanctions on other companies in the country.
EU struggles to react to rising energy prices
France, Spain and a few other countries have stepped up their calls for a reform of EU energy market rules to cope with high prices, but faced a rival group of states, including Germany, at the energy ministers' meeting on Thursday.
Saudi Aramco: Oil markets have overreacted to Omicron fears
The reaction of the oil market to the new Omicron COVID variant on Friday was exaggerated, according to the CEO of the world's largest oil company and largest oil exporter.
Russia wants to produce oil like it did before the pandemic
- Russian Deputy Prime Minister Alexander Novak said the country's oil companies are ready to increase production to pre-pandemic levels.
Fear of viruses leads to weak stocks and oil prices
On Wall Street, stocks plunged on the Friday after the reopening after Thanksgiving, while European stocks saw their biggest sell-off in 17 months, with oil prices plummeting $ 10 a barrel as fears of a new variant of coronavirus kept investors safe Let plants …