Commodities & Futures News

Финико - Goldman Sees Brent Oil at $75 as Supply Response Trails Demand
Commodities & Futures News
22 февраля 2021
Goldman Sees Brent Oil at $75 as Supply Response Trails Demand

(Bloomberg) — Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc (NYSE:GS). Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain…

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Финико - Copper Surges Above $9,000 as Major Deficit Drives Record Rally
Commodities & Futures News
22 февраля 2021
Copper Surges Above $9,000 as Major Deficit Drives Record Rally

(Bloomberg) — Copper rallied above $9,000 a ton for the first time in more than nine years on bets that increased demand driven by the recovery from the pandemic will spur a historic deficit, putting the economic bellwether on course for a record run of monthly gains. Prices climbed more than 3% on Monday and…

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Финико - Oil Advances as Markets Assess Texas Return Before OPEC+ Meet
Commodities & Futures News
22 февраля 2021
Oil Advances as Markets Assess Texas Return Before OPEC+ Meet

(Bloomberg) — Brent oil gained as traders weighed the return of U.S. crude production that was hit by freezing temperatures across Texas last week, against weaker refinery demand as plants impacted by related power outages resume operations. Futures in London rose above $63 a barrel after falling more than 2% over the previous two sessions.…

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Финико - Texas freeze led to release of tons of air pollutants as refineries shut
Commodities & Futures News
22 февраля 2021
Texas freeze led to release of tons of air pollutants as refineries shut

By Laura Sanicola and Erwin Seba NEW YORK/HOUSTON (Reuters) — The largest U.S. oil refiners released tons of air pollutants into the skies over Texas this week, according to figures provided to the state, as one environmental crisis triggered another. Refiners and petrochemical plants along the U.S. Gulf Coast scrambled to shut production as an…

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Финико - Share of Canada, U.S. in India’s January oil imports surges to record high: trade
Commodities & Futures News
22 февраля 2021
Share of Canada, U.S. in India’s January oil imports surges to record high: trade

By Nidhi Verma NEW DELHI (Reuters) — The share of Canada and the United States of America in India’s January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained from sources showed. Asia’s third-largest economy imported about 4.8 million barrels per day (bpd) oil in…

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Финико - OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise
Commodities & Futures News
22 февраля 2021
OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise

By Alex Lawler and Jennifer Hiller LONDON/HOUSTON (Reuters) — OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. OPEC this month cut its 2021 forecast for U.S. tight crude, another term…

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Финико - Texas utilities can’t stick customers with huge bills after storm: Abbott
Commodities & Futures News
22 февраля 2021
Texas utilities can’t stick customers with huge bills after storm: Abbott

By Linda So and Jonathan Allen (Reuters) — Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter storm that caused widespread blackouts, Governor Greg Abbott said on Sunday. Abbott called an emergency meeting with state lawmakers on Saturday after reports of many customers receiving…

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Финико - Gold Up Over Weaker Dollar, But Gains Capped by Higher Yields
Commodities & Futures News
22 февраля 2021
Gold Up Over Weaker Dollar, But Gains Capped by Higher Yields

By Gina Lee Investing.com – Gold was up on Monday morning in Asia, edging up from the over seven-month low seen during the previous session. A weaker dollar gave gold a boost, although gains were capped by higher U.S. Treasury yields. Gold futures were up 0.26% at $1,782 by 11:53 PM ET (4:53 AM GMT).…

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Финико - Oil prices rise as output in storm-hit U.S. begins slow return
Commodities & Futures News
22 февраля 2021
Oil prices rise as output in storm-hit U.S. begins slow return

By Aaron Sheldrick TOKYO (Reuters) — Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the COVID-19 pandemic. Brent crude was up 55 cents, or 0.9%, at $63.46 a…

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