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Commodities

The Iranian armada of 'ghost' ships carrying Russian oil is growing, evading the intensifying Western sanctions on Moscow crude

Tue, 02/07/2023 - 08:11

Oil Gas Tankers — Oil and gas tankers are anchored off the Marseille harbour, southeastern France, October 27, 2010.
REUTERS/Jean-Paul Pelissier

Markets, MI Exclusive, Oil, Russia, Russian Oil, Iran, Tankers

Russia's oil and gas revenue crashed by nearly 50% at the start of 2023, leading to a wider budget deficit as Moscow's spending soars

Mon, 02/06/2023 - 15:44

Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia. — Vladimir Putin
Sasha Mordovets/Getty Images

Markets, MI Exclusive, Russia, Oil, Gas, Natural Gas, Ukraine

OPEC+ may need to lift its oil output given signs China's reopening could deliver a strong boost to demand, IEA chief says

Mon, 02/06/2023 - 08:11

People wait to cross a busy street intersection during evening rush hour on May 30, 2022 in Beijing, China. — Chinese demand for oil is showing signs of a strong recovery.
Kevin Frayer/Getty Images

Markets, MI Exclusive, Commodities, OPEC, China, Fatih Birol, Oil

Goldman Sachs' commodities team reportedly raked in $3 billion in 2022, with wild swings fueling one of its best years ever

Thu, 02/02/2023 - 15:34

Goldman Sachs — AP

Markets, MI Exclusive, Commodities, Goldman Sachs, energy, Natural resources, Investing

Cheeseburgers and steaks could be about to get a lot more expensive after US beef cow numbers slumped

Wed, 02/01/2023 - 08:23

Tech Insider : Economy

Burger — Burger and steak prices could soar this year after the US cow population fell 3%.
Mina Abodahab/500px/Getty Images

Markets, MI Exclusive, economy, Commodities, Cows, Beef, Burgers

Lumber soars 13% as the housing market shows signs of a rebound for the first time in a year

Fri, 01/27/2023 - 12:55

Real estate agents work an open house — Real estate agents work an open house in West Hempstead, New York.
Raychel Brightman/Newsday RM via Getty Images

Markets, MI Exclusive, Lumber, lumber price, Lumber futures, finance, Commodities

Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening

Fri, 01/27/2023 - 06:46

oil — Oil has dipped to around $82 amid a depressed global economic environment.
Andrey Rudakov/Bloomberg

Markets, energy, MI Exclusive, Oil, oil price outlook, Oil Markets, global oil market

Americans are battling an egg price crisis after an almost 60% surge in 2022. Here's what's happening.

Thu, 01/26/2023 - 07:00

Eggs — Egg prices soared 60% in 2022, according to the Bureau of Labor Statistics.
Tayfun Coskun/Anadolu Agency via Getty Images

Markets, MI Exclusive, Eggs, egg prices, Egg price crisis, investing memes, Retail Investors

Don't rule out further inflation surprises yet, and here are 3 ways for investors to predict them, Goldman Sachs says

Wed, 01/25/2023 - 12:15

Tech Insider : Economy

Food inflation — The drop in commodities has raised hopes that inflation will start to cool.
SolStock/Getty Images

Markets, MI Exclusive, economy, Inflation, Goldman Sachs, Food Inflation, commodity market

Oil's bull story for 2023 is China's reopening, but that could be derailed if Beijing can't stay the course on its retreat from zero-COVID policy, RBC's Helima Croft says

Tue, 01/24/2023 - 13:49

Tech Insider : Economy

A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China. — A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China.
CFOTO/Future Publishing via Getty Images

Markets, MI Exclusive, Oil, oil prices, Brent oil price, WTI oil price, China

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