US oil and gas rig count climbs to 595 as production edges lower
The US active rig count rose to 595 this week, with both oil and gas rig counts climbing, according to…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Angola to cut crude oil cargoes to 28 in November, down from 30
Angola will ship 28 crude oil cargoes in November, down from 30 in October, according to a preliminary loading schedule…
Fed’s Rate Hike Could Backfire If Oil Prices Collapse, Futures Curve Suggests
The Federal Reserve's September interest rate hike, its first in over three years, could backfire if oil prices fall as…
Rosneft opens $118 billion Vostok Oil Arctic terminal as sanctions-linked contractors keep it running
Rosneft has opened the first stage of its $118 billion Vostok Oil project in the Russian Arctic, including a new…
Gold Tests Same Technical Setup That Preceded June 17 Sell-Off
Gold futures are testing the same technical setup that preceded the June 17 sell-off, with the metal struggling to hold…
