Commodities News

LONDON (Reuters) -Britain said on Thursday that a gas station crisis caused by an acute shortage of truck drivers was back under control but many pumps remained closed in London leaving motorists searching or queuing for hours to fill their tanks.

That the practicalities of minting a U.S. trillion-dollar coin are actually being debated says a lot about the zeitgeist of this final day of Q3 2021.

NEW YORK (Reuters) -Oil prices slipped on Wednesday after U.S. crude inventories rose by more than anticipated, even as OPEC plans to maintain its deliberate approach to adding supply to the market.

BERLIN (Reuters) – German import prices rose the fastest in 40 years last month, driven by a jump in the price of oil and gas, and supply chain bottlenecks for raw materials worsened further, pointing to a further rise in prices for consumers.

LONDON (Reuters) -British Prime Minister Boris Johnson sought on Wednesday to quell public fears as panic-buying left fuel pumps dry across major cities, saying the government was making preparations to ensure supply chains were ready for the run-up to Christmas.

(Reuters) – Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits.

SHANGHAI (Reuters) – As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing.

NEW YORK (Reuters) -Oil prices gained on Monday for a fifth straight day, with Brent at its highest since October 2018 and heading for $80, as investors fretted about tighter supplies because of rising demand in parts of the world.

MOSCOW (Reuters) – The Russian Federal Antimonopoly Service (FAS) said on Monday it has recommended energy giant Gazprom sell more gas via a domestic exchange to make up for shortages and tackle price rises.

LONDON (Reuters) -Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that retailers are warning could batter the world’s fifth-largest economy.

BRIGHTON, England (Reuters) -BP said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced the government to suspend competition laws and allow firms to work together to ease shortages.

NEW YORK (Reuters) -Oil prices rose for a third week in a row to a near three-year high on Friday as global output disruptions have forced energy companies to pull large amounts of crude out of inventories.

HOUSTON (Reuters) – U.S. oil refiners hunting to replace storm-lost U.S. Gulf of Mexico crude have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian grades, analysts and traders said.

SINGAPORE (Reuters) -Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after two hurricanes.

NEW YORK (Reuters) -Oil prices settled higher on Wednesday after U.S. crude stocks fell to their lowest levels in three years as refining activity recovered from recent storms.

LONDON (Reuters) – Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

NEW YORK (Reuters) -Oil prices rose modestly in a see-saw session on Tuesday, as concerns about the global consumption outlook counterbalanced the struggle by big OPEC producers to pump enough supply to meet growing demand.

PARIS (Reuters) – Commodity markets face a period of intense volatility as they grapple with the effects of the pandemic, uncertainty over macroeconomic policy and supply chain disruption, the chief executive of Louis Dreyfus Company (LDC) said on Tuesday.

LONDON (Reuters) -Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the coronavirus shock.

NEW YORK (Reuters) – Oil prices fell 2% on Monday as investors grew more risk averse, which hurt stock markets and boosted the U.S. dollar, making oil more expensive for holders of other currencies