U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take […]
Tag: commodities
Oil steady as sluggish China growth offsets trade deal optimism
Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised […]
Race to refine: the bid to clean up Africa’s gold rush
In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed […]
Oil Trades Near Six-Week Low as Data Shows U.S. Stockpiles Rose
Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles re-affirmed expectations that global […]
Gold Falls Again as Funds Flow out of U.S. ETFs
Gold prices fell for the fourth time in five days on Tuesday, with market participants finding better relative value in […]
U.S. refinery sales hit the brakes, with 5% of capacity on block
From coast to coast, U.S. refineries are available for the taking, but nobody is buying. With the news that Royal […]
Oil edges above $65 as Middle East concerns support
Oil edged further above $65 a barrel on Friday as concerns about a possible renewed spike in Middle East tensions […]
Tanker owners face insurance headache as Mideast war risk haunts shipping trade
Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners […]
Oil, natural gas going different directions
The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price […]
Oil prices shed gains as alarm over Iran rocket strike fades
Oil prices were up on Wednesday but well below peaks hit in frenzied early trading after a rocket attack by […]
