Commodities

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 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 recent increase in gasoline prices has left President Biden scrambling for solutions. The…

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 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 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) The Biden administration considers using the United States Strategic Petroleum Reserve (SPR) to lower…

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 after hitting a five-month high the previous session. Even as the dollar strengthened, persistent inflationary concerns…

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 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 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 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 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 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 and its oil-producing partners have agreed to maintain their current output levels. They refuse to ease…

Coal in the crosshairs On Thursday, government delegates at the United Nations climate summit in Glasgow will focus on addressing the global economy's addiction to…

Oil slips after API data Industry data showed a significant gain in crude oil and distillate stocks in the United States, the world's top oil user. Hence, oil…

The U.S. unveils crackdown on methane As part of a more comprehensive strategy to combat climate change, the Biden administration will unveil a plan on Tuesday.…

China is increasing its coal purchases According to China's customs data, China is increasing its coal imports. The country is trying to fix its power problem,…