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Commodities

The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

Fri, 02/24/2023 - 08:34

russia ukraine — A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.
AP Photo/Andrew Lubimov

Markets, MI Exclusive, Ukraine, Russia, Sanctions, US, G7

Putin's war in Ukraine brought chaos and change to the global energy market. These 4 charts show how the conflict transformed the oil and gas landscape.

Fri, 02/24/2023 - 08:13

Russian President Vladimir Putin. — Russian President Vladimir Putin.
MIKHAIL KLIMENTYEV/RIA NOVOSTI/AFP via Getty Images

Markets, MI Exclusive, Commodities, Russia, Ukraine, Vladimir Putin, Ukraine War

Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade

Tue, 02/21/2023 - 15:50

Tech Insider : Economy

Trader NYSE green — Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.
Lucas Jackson/Reuters

Markets, MI Exclusive, Stock Market, Commodities, Natural Gas, Trading, finance

Gas prices are primed to rise in a few weeks, but American drivers won't be hit with record costs again this summer, GasBuddy says

Sun, 02/19/2023 - 06:00

US gas prices — US gas prices have fallen sharply since June.
JOSEPH PREZIOSO/Getty Images

Markets, MI Exclusive, Gas Prices, Commodities, GasBuddy, Oil, Crude Oil

US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes

Fri, 02/17/2023 - 16:13

Traders work on the New York Stock Exchange floor. — Traders work on the New York Stock Exchange floor in New York City.
AP Photo/Ted Shaffrey

Markets, MI Exclusive, Markets Wrap, Stock Market, Oil, Commodities, Fed

Oil extends weekly loss to 5% as speculation of more aggressive rate hikes from the Fed stokes demand worries

Fri, 02/17/2023 - 10:08

Tech Insider : Economy

Canada, Alberta, Oil workers using oil drill. — Tetra Images - Dan Bannister

Markets, MI Exclusive, Oil, Brent, WTI, Crude Oil, Federal Reserve

Russian oil revenue has been hurt by effective EU price caps even as Moscow has been resilient with exports, says IEA

Thu, 02/16/2023 - 11:22

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. — Russian Prime Minister Vladimir Putin.
Sasha Mordovets/Getty Images

Markets, MI Exclusive, Oil, Russia, EU, energy, Commodities

Russia demands the US prove it didn't destroy the key Nord Stream gas pipelines to Europe

Thu, 02/16/2023 - 06:57

Danish military video of bubbles in Baltic Sea where Nord Stream pipeline leaked. — Danish military video of bubbles in Baltic Sea where Nord Stream pipeline leaked.
Danish Defense Command

Markets, MI Exclusive, Baltic Sea, Nord Stream, nord stream leak, Gas, Europe

Lumber falls 24% in 9-day losing streak, but analysts see a bottom forming for the key building commodity

Wed, 02/15/2023 - 12:16

lumber store — A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.
FREDERIC J. BROWN/AFP via Getty Images

Markets, MI Exclusive, Lumber, lumber prices, Commodities, Housing, Mover

Oil prices slide as the US says it will sell millions more barrels of oil from its strategic reserve into the global market

Tue, 02/14/2023 - 14:01

oil — Andrey Rudakov/Bloomberg

Markets, MI Exclusive, Oil, oil prices, Strategic Petroleum Reserve, WTI oil price, brent oil

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