Iraq’s State Oil Marketer Rushes Late-Season Crude Offers as Freight Costs Spike
Iraq's state oil marketer SOMO is offering last-minute Brent crude cargoes to buyers after some trading companies backed out of…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Trump’s Venezuela oil deal unravels under legal and financial scrutiny
A Guardian investigation finds the Venezuela oil deal Donald Trump has called the biggest in world history is likely to…
Trump’s Proposed Diesel Export Ban Could Backfire on U.S. Fuel Prices
U.S. diesel prices hit an all-time high on Sept. 22, and President Trump has voiced support for a temporary ban…
Iran Awaits US Response to Hormuz Reopening Plan as Trump Reportedly Rejects Offer
Iran is waiting for an official U.S. response to a plan that would reopen the Strait of Hormuz and pause…
Nigeria’s Crude Output Hits Six-Year High as It Joins the IEA
Nigeria has become an Association country of the International Energy Agency, and its crude oil and condensate output climbed to…
