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Commodities
OPEC’s power was waning
OPEC's power was waning
The year before COVID-19, the United States became a net energy exporter for the first time since 1952, sending a clear message to the rest…
Egyptian gas could begin flowing to Lebanon
Egyptian gas could begin flowing to Lebanon
The US State Department's senior advisor for global energy security, natural gas from Egypt, could begin flowing to…
Oil and Gold prices are up
Oil and Gold prices are up
Oil was up in Asia on Tuesday morning, continuing its recovery from last week's drop. Due to the uncertainty surrounding the new Omicron…
Chinese steel price declines
Chinese steel
Steel futures in China traded in a tight range, weighed down by worries about the new Omicron coronavirus variant while coking coal and coke prices…
China is battling Honduras while weighing Taiwan ties
China is battling Honduras while weighing Taiwan ties
A pledge to accept China and downplay relations with Taiwan if a leading Honduras presidential candidate wins…
Strategic reserve release crude oil
Strategic reserve release crude oil
The total size of the SPR in the United States is over 700 million barrels.
The current action will expedite the planned…
The United States’ emergency oil reserve is in the spotlight
The United States' emergency oil reserve is in the spotlight
The recent increase in gasoline prices has left President Biden scrambling for solutions.
The…
OPEC cannot make high oil prices disappear
OPEC cannot make high oil prices disappear
High oil prices are a symptom of economic and monetary imbalances, not just a result of the Organization of Petroleum…
Surging shipping costs-consumer products price
Surging shipping costs-consumer products price
The global surge in container shipping rates could raise consumer prices by 1.5 percent over the next year (UNCTAD).…
India will change three controversial farm laws
India will change three controversial farm laws
On Friday, Prime Minister Narendra Modi announced that India would discard three laws that farmers objected to. The…
What is the United States Strategic Petroleum Reserve (SPR)
What is the United States Strategic Petroleum Reserve (SPR)
The Biden administration considers using the United States Strategic Petroleum Reserve (SPR) to lower…
Power of Commodities to Influence Inflation
Power of Commodities to Influence Inflation
Since August, natural gas prices have risen sharply, putting upward pressure on various commodities such as coal,…
Gold was up in Asia
Gold was up in Asia
Gold was up in Asia after hitting a five-month high the previous session. Even as the dollar strengthened, persistent inflationary concerns…
Gold and oil down
Gold and oil down
Oil was down in Asia on Monday morning, with U.S. President Joe Biden under increasing pressure to release supplies from the Strategic Petroleum…
China and India make changes on coal
China and India make changes on coal
On Sunday, the president of COP26 said that India and China would require to explain why they insisted on changing a crucial…
Labor and commodity costs
Labor and commodity costs
Carrols Restaurant Group, a 1,000-unit Burger King operator, based in Syracuse, New York, pays 13% more in wages, premiums, and overtime…
Japan firms on rising commodity costs
Japan firms on rising commodity costs
Because of the weaker yen, a slim majority of Japanese firms plan to or have passed on rising commodity costs to customers.…
Oil is rising, US crude oil inventories
Oil is rising, US crude oil inventories
Oil prices rose on Wednesday and from the last session after industry data showed that US crude oil inventories fell…
Urea shortage threatens South Korea’s transport
Urea shortage threatens South Korea's transport
South Korea will send a military oil tanker to Australia to deliver 27,000 liters of urea solution. During a severe…
OPEC+ has agreed to continue to the oil output schedule
OPEC+ has agreed to continue to the oil output schedule
OPEC and its oil-producing partners have agreed to maintain their current output levels. They refuse to ease…