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Commodities

Gas prices nearing $4 a gallon rekindle fears of inflation rebound

Tue, 08/15/2023 - 08:28

Tech Insider

Gas pump — US gas prices surged to $3.96 a gallon earlier on Monday.
(Photo by FREDERIC J. BROWN/AFP via Getty Images)

Markets, MI Exclusive, US gas prices, Gas Prices, oil gas prices, Inflation, Fed

Bad weather, natural disasters, and disease are hobbling crops right now. Here's how the food commodity markets are responding.

Sun, 08/13/2023 - 08:57

Tech Insider

Rice Paddy Japan — iStock/ Sean Pavone

Markets, MI Exclusive, Commodities, Cocoa, rice, Orange, pork

Saudi Arabia is about to send more oil to China, even though it's slashed crude supply levels

Fri, 08/11/2023 - 05:12

Tech Insider

Saudi oil production — Saudi Arabia is set to send more oil to China next month, according to Bloomberg.
Marwan Naamani/AFP via Getty Images

Markets, MI Exclusive, Commodities, Oil, Saudi Arabia, China

Natural gas prices are soaring as energy workers in Australia look poised to strike, threatening global supply

Wed, 08/09/2023 - 14:21

Tech Insider

Natural gas shipments — US natural gas exports to Europe have surged.
LOIC VENANCE/Getty Images

Markets, MI Exclusive, Natural Gas, natural gas prices, Commodities, energy, Energy Prices

Oil is on course for its best month since Russia invaded Ukraine as recession fears die down and Saudi Arabia cuts supply

Mon, 07/31/2023 - 10:21

Tech Insider

OIl refinery — Oil is on pace for its best month since January 2022.
zorandimzr/Getty Images

Markets, MI Exclusive, Commodities, Oil, Saudi Arabia, Global Recession, oil price outlook

Even Pope Francis is calling on Russia to rejoin the Black Sea grain initiative as wheat prices spike

Mon, 07/31/2023 - 04:42

Tech Insider : Economy

pope francis — Pope Francis holds a Holy Mass on May 16, 2021.
Alessandra Benedetti/Corbis via Getty Images

economy, Commodities, Wheat, Pope Francis, Russia, Black Sea, Vladimir Putin

Foodflation hits home: Cocoa prices surge to a 12-year high just after orange juice smashed records

Fri, 07/28/2023 - 05:23

Tech Insider

Cocoa — Cocoa prices hit a 12-year high thanks to extreme weather and a black pod disease.
Dursun Aydemir/Anadolu Agency via Getty Images

Markets, MI Exclusive, Cocoa, cocoa futures, Chocolate, Inflation, orange juice

The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff

Sun, 07/23/2023 - 12:28

Tech Insider

vitol — Vitol Group is based in Switzerland.
Denis Balibouse/Reuters

finance, Vitol, Oil Trading, Commodities, Oil, Ukraine War

Vladimir Putin's latest economic assault on the West is fueling fears of a global food crisis

Fri, 07/21/2023 - 07:22

Tech Insider : Economy

Vladimir Putin — Russian President Vladimir Putin delivering a speech in Moscow.
Mikhail Metzel/Getty Images

economy, Markets, Russia, Ukraine, Black Sea, Vladimir Putin, Wheat

Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

Tue, 05/09/2023 - 12:47

Tech Insider

oil rig — Jason Kozlowski / EyeEm

Markets, MI Exclusive, Oil, brent oil, wti oil, Commodities, Oil Forecasts

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