Commodities: Latest News and Analysis

The US Senate Budget Committee has launched an investigation into domestic oil producers, seeking to determine whether they have illegally coordinated oil prices with the Organization of the Petroleum Exporting Countries (OPEC), as reported by Reuters on Thursday. This probe represents the latest effort by Democratic lawmakers to pressure energy

U.S. crude oil refinery inputs decreased slightly last week, according to the latest weekly report from the Energy Information Administration (EIA). Refinery operations, while still robust, showed a dip in activity, with a 234,000 barrel per day decline in inputs compared to the previous week. Despite this decrease,

Chinese companies are pouring billions of dollars into Argentina's lithium industry, with a total of seven projects under development across the provinces of Jujuy, Salta, and Catamarca, according to a recent report by the Bolsa de Comercio de Rosario (BCR). The report estimates a combined investment of $3.

Oil prices are expected to moderate in the coming months as OPEC+ phases out additional output cuts, according to a new update from Fitch Ratings. While Brent crude oil prices reached USD90 a barrel in April due to heightened tensions in the Middle East, prices have since declined as those

OPEC+ has agreed to wind down voluntary production cuts, signaling a shift in strategy and potentially sending oil prices lower, Moody's Analytics observes in a note published on Thursday. This decision marks a tacit admission by OPEC that its efforts to prop up oil prices have failed to

Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with a significant portion directed towards clean energy technologies and infrastructure, according to the International Energy Agency's (IEA) latest World Energy Investment report. This surge in clean energy investment, fueled by a

US refineries are running at near full tilt, yet crude oil inventories continue to shrink, according to the latest weekly report from the Energy Information Administration (EIA). For the week ending May 10, 2024, US crude oil refinery inputs averaged 16.3 million barrels per day, a gain of 307,

Global gold ETFs saw continued outflows in April, wiping out early gains driven by a strengthening gold price, according to a note published by the World Gold Council (WGC) on Wednesday. While Asian funds led global inflows and North American funds saw modest demand, these were dwarfed by significant outflows

US crude oil refinery inputs rose for the week ending May 3, 2024, averaging 15.9 million barrels per day, a gain of 307,000 barrels per day over the previous week, according to the latest data from the Energy Information Administration (EIA). This increased activity pushed refinery utilization to