Analysis-US oilfield firms slash prices as mega-mergers shrink customer base

Analysis-US oilfield firms slash prices as mega-mergers shrink customer base

HOUSTON - A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or risk bankruptcy as they...
July 24, 2024 at 10:28 am EDT
Bearish Mood Ahead for Grain, Oilseeds; Softs Remain Volatile

Bearish Mood Ahead for Grain, Oilseeds; Softs Remain Volatile

A roundup of key agricultural commodity markets for the week of July 22-26 by Dow Jones Newswires in Barcelona. By Giulia Petroni GRAINS & OILSEEDS: The macroeconomic environment looks...
July 23, 2024 at 09:06 am EDT
In search of the elusive green nickel premium:  Andy Home

In search of the elusive green nickel premium: Andy Home

BHP Group's ambition to create a green nickel hub in Western Australia is on hold after the world's largest listed miner announced the entire division will go on care and maintenance later this year. ...
July 23, 2024 at 08:57 am EDT
Insect wreaks havoc on Tunisia's crucial prickly pear industry

Insect wreaks havoc on Tunisia's crucial prickly pear industry

A tiny insect is ravaging Tunisia's prickly pears, a critical source of revenue for the North African country's agriculture sector and economy. Our biggest fear, which has caused me...
July 23, 2024 at 07:57 am EDT
Oil market likely to be in surplus next year, Morgan Stanley says

Oil market likely to be in surplus next year, Morgan Stanley says

The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The tightness will...
July 22, 2024 at 02:25 am EDT
Rising cooling demand to keep coal plants online this year, IEA says

Rising cooling demand to keep coal plants online this year, IEA says

Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning as temperatures rise, the International Energy Agency said...
July 19, 2024 at 01:00 am EDT
China's commodity import trend driven by prices, not economy:  Russell

China's commodity import trend driven by prices, not economy: Russell

China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy. But it's probably more important to...
July 18, 2024 at 12:49 am EDT
Does the market finally agree with USDA on US corn yield? -Braun

Does the market finally agree with USDA on US corn yield? -Braun

Grain industry participants in recent years have criticized the U.S. Department of Agriculture’s trendline U.S. corn yields since they have been too high versus final yields for five consecutive...
July 17, 2024 at 06:10 pm EDT
China's oil sector is weak, with rising crude inventories:  Russell

China's oil sector is weak, with rising crude inventories: Russell

China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a fall in arrivals in the first half of the year, it has also been boosting the volumes...
July 17, 2024 at 08:00 am EDT
Venezuela's rice, corn production rise as buyers loan farmers supplies

Venezuela's rice, corn production rise as buyers loan farmers supplies

More than 300 hectares of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and blue sky. The growing crops - set...
July 17, 2024 at 07:03 am EDT
China's oil sector is weak, with rising crude inventories:  Russell

China's oil sector is weak, with rising crude inventories: Russell

China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a fall in arrivals in the first half of the year, it has also been boosting the volumes...
July 17, 2024 at 12:35 am EDT
Indian farmers rush to plant summer crops as monsoon revives

Indian farmers rush to plant summer crops as monsoon revives

Indian farmers have accelerated the planting of summer-sown crops, such as paddy, soybean, cotton, and corn, following above-average monsoon rainfall in July that came after a deficit in June,...
July 16, 2024 at 06:31 am EDT
Commodities overview:  Gold is back in the spotlight

Commodities overview: Gold is back in the spotlight

Every week, the commodities overview gives you the latest news on the commodities markets, to better understand the variations in energy, metals and agricultural commodity prices.
Our Logo July 15, 2024 at 11:39 am EDT
After another boom and bust, where next for lithium? Andy Home

After another boom and bust, where next for lithium? Andy Home

Lithium boom has turned to lithium bust over the last two years as a wave of new supply overwhelms weaker-than-expected demand for electric vehicle batteries. The CME contract for...
July 12, 2024 at 07:00 pm EDT
ICE Review :  Canola Lower, Can't Hold Gains After USDA Report

ICE Review : Canola Lower, Can't Hold Gains After USDA Report

WINNIPEG, Manitoba--Intercontinental Exchange canola futures couldn't hang on to gains following the release of the July supply and demand report from the U.S. Agriculture Department. The USDA...
July 12, 2024 at 03:41 pm EDT
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy...
July 12, 2024 at 06:21 am EDT
Oil rises on cooling US inflation, strong summer demand

Oil rises on cooling US inflation, strong summer demand

Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor...
July 11, 2024 at 08:56 pm EDT
Ideas to ponder before USDA's supply and demand data -Braun

Ideas to ponder before USDA's supply and demand data -Braun

Market participants expect a relatively mundane update from the U.S. Department of Agriculture on Friday, though surprises can never be ruled out, especially at this time of year. Ample...
July 11, 2024 at 05:49 pm EDT
Europe's gas glut is gradually eroding:  Kemp

Europe's gas glut is gradually eroding: Kemp

Europe’s gas storage is filling more slowly than normal this summer, which has reduced the probability space will run out before the onset of the main winter heating season. ...
July 10, 2024 at 09:00 pm EDT
Weak CBOT corn, soybeans heading toward ominous achievement -Braun

Weak CBOT corn, soybeans heading toward ominous achievement -Braun

Chicago corn and soybean futures almost always undergo some kind of summer rally as U.S. crop potential remains vulnerable to weather fluctuations, but traders this year have displayed little to...
July 10, 2024 at 07:02 pm EDT