Commodities
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Dangote refinery can be global jet fuel supplier, CEO says
Nigeria's 650,000 barrel per day (bpd) Dangote oil refinery has a large surplus of jet fuel and can supply the product all over the world, Chief Executive David Bird said on Tues...
Commodities
Asia's imports of US crude surge, but can't offset Hormuz losses
A surge of U.S. crude oil is arriving in Asia, but the record volumes are nowhere near enough to offset the loss of cargoes from the effective closure of the Strait of Hormuz.
Commodities
US gasoline market set for fresh test after near-record stock draws
A near-record run of U.S. gasoline inventory drawdowns is flashing a stark warning for fuel markets: the system is losing its buffer just as seasonal demand crests.
Commodities
China's crude oil imports slump, but it's economics not altruism
China's seaborne imports of crude oil slumped to the lowest in almost 10 years in May as the impact of the Iran war led to a dramatic reshuffling of operations in the world's bigge...
Commodities
Mapping the Market: Gold approaches potential crossroads
Gold is approaching a potential turning point that could decide whether it extends this year's losses or makes a stand that could facilitate a recovery.
Commodities
Mapping the Market: Silver prices may be on the road to recovery
Silver prices have struggled since tumbling dramatically in January and then slumping again at the start of the Iran war, but technical analysis suggests they might be on the mend...
Commodities
Shrinking US fuel stocks leave Trump exposed
U.S. fuel markets are flashing warning signs. President Donald Trump has repeatedly argued that gasoline prices will “drop like a rock” once the Iran conflict ends. Yet the sharp a...
Commodities
Asia exports of refined fuels plunge amid Hormuz closure
While prices for crude oil futures have surged and slumped in line with the latest headlines about the war between the United States and Iran, the impact of the crisis in physical ...
Commodities
OPEC+ crude output boost is symbolic, but it still matters
It's easy to dismiss the agreement by the seven remaining members of the OPEC+ group of crude oil exporters to increase output for a third straight month in June as merely symbolic...
Commodities