Commodities & Futures News

Commodities & Futures News

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23 Apr

U.S. making a mistake politicizing oil: Iran oil minister

U.S. Making A Mistake Politicizing Oil: Iran Oil Minister

(Reuters) - The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran's Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.

23 Apr

China complains to U.S. over end to Iran oil sanction waivers

China Complains To U.S. Over End To Iran Oil Sanction Waivers

BEIJING (Reuters) - China's Foreign Ministry said on Tuesday it has formally complained to the United States over its decision to end waivers on sanctions on Iranian oil imports, adding another fault line to already complicated Beijing-Washington ties.

23 Apr

Saudis Pledge to Ensure Oil Supply If Iran Exports Collapse

Saudis Pledge To Ensure Oil Supply If Iran Exports Collapse

(Bloomberg) -- Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of balance,” Energy Minister Khalid Al-Falih said, after the U.S. ended waivers for buyers of Iranian oil.

23 Apr

Citi Says U.S. and China Will Nail Deal, Aiding Commodities

Citi Says U.S. And China Will Nail Deal, Aiding Commodities

(Bloomberg) -- The outlook for commodities is bullish, according to Citigroup Inc (NYSE:C)., which expects raw materials to be supported by a confluence of positive factors including the agreement of a trade deal between Washington and Beijing, improved demand from China, and a weaker dollar.

23 Apr

Markets Are Too Worried to Worry About Oil

Markets Are Too Worried To Worry About Oil

(Bloomberg Opinion) -- The price of oil surged as much as 3 percent Monday after the Trump administration said it would not renew waivers that let countries buy Iranian oil without facing U.S. sanctions. Logically, this should have hit the equity markets pretty hard. After all, with all the talk about a looming recession, companies and consumers surely wouldn’t be able to weather a rise in energy prices. But in a sign that perhaps the economy is doing just fine, equities managed to hold up fairly well.