US crude inventories drop 7.2 million barrels as Iran war disrupts Middle East supply
US commercial crude inventories fell by 7.2 million barrels last week and the Strategic Petroleum Reserve dropped by 3.8 million…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Zijin Gold scraps Allied Gold takeover, takes 9.2% stake for $295 million instead
Allied Gold's takeover by Zijin Gold has been terminated after closing conditions went unmet by the outside date. Zijin will…
Oil jumps 7% as Middle East airstrikes resume and U.S. crude stockpiles hit a 2018 low
Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East and U.S. government data put crude inventories…
Guyana Nears One Million Barrels Per Day as Exxon Readies Fifth Offshore Project
Guyana is on track to pass one million barrels of oil per day as ExxonMobil brings a fifth offshore project…
Drone hits gas storage tanker at Egypt’s Damietta port, fire spreads to second vessel
A drone struck a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta on Wednesday, maritime security firm Ambrey…
