Chevron CEO Warns Oil Market’s Safety Buffers Are Exhausted
Chevron CEO Mike Wirth told an energy conference at the University of Texas at Austin that the mechanisms that cushioned…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
US gasoline hits $4.47 as diesel sets record ahead of holidays
The U.S. national average gasoline price hit about $4.47 a gallon on Sept. 18, up 4% in a week, while…
Iran says Strait of Hormuz will stay closed, deepening US tensions
Iran has declared the Strait of Hormuz will stay closed until unspecified conditions are met, deepening its standoff with the…
Hong Kong sets 2,000-ton gold storage target as it expands yuan bond and gold trading
Hong Kong has unveiled plans to expand yuan-denominated gold and commodity trading alongside record dim sum bond issuance and deeper…
Europe outbids Asia for LNG as spot prices surge 150%
European buyers are paying up for liquefied natural gas even as Asian importers retreat from the spot market, with prices…
