Commodity News

Taking into consideration the global situation and the recession period that is starting to manifest in most countries of the world, the exchange value of the single European currency - the euro (EUR) - has been lower than the value of the US dollar (USD) for several weeks. According...

By Chen Aizhu and Jeslyn Lerh SINGAPORE (Reuters) -Russian oil is expected to come to Asia and the Middle East, while refined fuel produced in these regions will flow to the West as the global oil trade is disrupted by sanctions, Vitol's Chief Executive Officer Russell Hardy said on Monday. The...

By Emily Chow KUALA LUMPUR (Reuters) -Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures had risen $2.42, or 2.6%, to $95.44 a barrel by...

By Florence Tan SINGAPORE (Reuters) -Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.13, or 1.1%,...

(Reuters) - A Ukrainian counter-offensive has virtually cut off the Russian-occupied southern city of Kherson and left thousands of Russian troops stationed near the Dnipro River "highly vulnerable", British defence and intelligence officials said on Thursday. Ukraine has made clear it intends to recapture Kherson, which fell to Russia in...

(Reuters) -Russian President Vladimir Putin on Wednesday said Moscow did not see any desire from Ukraine to fulfil the terms of what he described as a preliminary peace deal agreed to in March. Putin, speaking to reporters in televised comments after a visit to Iran, said Saudi Arabia and the...