Commodities

U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and got OPEC+ together for a new…

The expiry of the June contract for Brent oil futures in Europe on Thursday will possibly be the most watched event in oil markets for some time after the U.S. benchmark plummeted below zero for the…

Front-month U.S. light crude oil futures prices slumped almost 25% yesterday, the second sharp tumble in a week, after the exchange operator ordered a major commodity fund to sell some of its…

Importers of refined palmolein have asked government allow free import of refined palm oil so that poor people can get cheaper edible oil during Covid-19 lockdown which has disrupted the economy and…

Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow to pick up once countries ease curbs imposed on…

Gold was down on Wednesday in Asia with some countries announcing the loosening of months-long COVID-19 lockdown measures. Gold futures fell 0.53% to $1,714.70 by 11:28 PM ET (4:28 AM GMT) as…

Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading. Global oil storage is inching closer and closer to…

Malaysian palm oil futures fell to a nine-month low on Monday, as weakness in crude and rival oils on the Dalian exchange outweighed better April export volumes. The benchmark palm oil contract for…

Oil fell to trade near US$16 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid as much as…

Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the…