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HomeCommodities

Commodities

Aljazeera International

European Union bans Russian diesel, oil products over Ukraine – Consumers are in the cross hairs

February 5, 2023 Mariel Alumit

Europe has imposed a ban on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine. Sunday’s […]

Commodities

Companies In UK Are Hitting The Wall At Fastest Rate Since Global Financial Crisis

February 4, 2023 Mariel Alumit

Authored by Nick Corbishley via NakedCapitalism.com, As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses… Business insolvencies in the UK surged by […]

US
Commodities

US mine production value rises 3.8% to $98 billion in 2022 — USGS

February 2, 2023 Mariel Alumit

​US mines produced approximately $98.2 billion in nonfuel mineral commodities in 2022, an estimated $3.6 billion (~3.8%) increase over the 2021 revised total of $94.6 billion, the US Geological Survey announced Thursday. This information comes […]

Shell
Big Oil Companies

Shell CEO Sees a World ‘Desperately in Need’ of Natural Gas

February 2, 2023 Mariel Alumit

Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan. After years of questions over […]

Recession
Commodities

Wall Street Week Ahead Recession fears pose challenge to energy …

January 28, 2023 Mariel Alumit

NEW YORK, Jan 27 (Reuters) – A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations […]

Europe
Commodities

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

January 27, 2023 Mariel Alumit

By Josh Owens of Oilprice.com, Europe is buying more diesel from the United States and Saudi Arabia in preparation of the EU ban on seaborne imports of Russian refined products, yet Europe still remains the […]

Copper
Commodities

Copper price down as week-long holiday in China pauses rally

January 27, 2023 Mariel Alumit

​Copper price fell on Friday as a week-long holiday in China paused a rally that was fuelled by demand prospects in the world’s biggest consumer. Copper for delivery in March fell on the Comex market […]

Commodities

US Gasoline Prices Continue To Rise

January 24, 2023 Mariel Alumit

Authored by Julianne Geiger via OilPrice.com, AAA: gasoline prices continue to climb throughout the U.S. Gasoline prices are up 11.8 cents over a week ago. Gasoline prices are rising along with the rise in WTI […]

Chinese
Commodities

Nikileaks Spooks Markets That Chinese Reopening May Be Inflationary, But Wall Street Disagrees

January 24, 2023 Mariel Alumit

Monday’s furious rally, which among other things was facilitated by the Sunday report from WSJ Fed mouthpiece Nick Timiraos that a 25bps Feb 1 rate hike by the Fed is a done deal, hit an […]

Climate Crisis

The Dangerous Fantasy Of Scotland’s Net-Zero Energy Transition – Way beyond cutting 14 million trees for wind farms – Child abuse?

January 22, 2023 Mariel Alumit

Authored by Richard Lyon via DailySceptic.org, Suppose that Scotland’s CO2 emissions fell tomorrow to zero, i.e., that, at midnight, the country ceased to exist. Then according to the “Model for the Assessment of Greenhouse Gas […]

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