Tag: commodity

OPEC+ will not change oil production policy

OPEC+ will not change oil production policy

The group agreed to continue with the same mining policy. It will increase production in August, but the next months are not yet decided.
Australia is experiencing an energy crisis

Australia is experiencing an energy crisis

Australia is a large global exporter. But now, thanks to electricity supply problems, the country is facing energy insecurity.
Supply and demand shocks in the food market

Supply and demand shocks in the food market

Record global food prices and the associated high consumer inflation is one of the most discussed topics of recent times.
Norway will increase gas supplies to the EU

Norway will increase gas supplies to the EU

Europe is looking for alternatives in an effort to wean itself off Russian gas. It has found one in Norway.
Joe Biden wants to suspend the gasoline tax

Joe Biden wants to suspend the gasoline tax

US President Joe Biden will today call on Congress to approve a three-month suspension of the federal gasoline tax.
China has significantly reduced exports of gasoline

China has significantly reduced exports of gasoline

According to Chinese customs data, May gasoline exports fell by 45.5%. This is a year-on-year drop of almost 93%.
OPEC+ falls short of its oil production target

OPEC+ falls short of its oil production target

The OPEC+ group fell short of its overall oil production target by 2.695 million barrels per day (bpd) in May.
Russia reduces the volume of gas sent to Germany

Russia reduces the volume of gas sent to Germany

Gazprom has reduced the maximum volume of Nord Stream 1 pipeline deliveries to Germany to 67 million cubic meters per day.
Ukraine confirms agreement to take gas from Canada

Ukraine confirms agreement to take gas from Canada

Ukraine's state-owned energy company has agreed with Canada's Symbio to buy LNG and LH2 in an effort to diversify its energy sources.
Argentina wants to impose a special tax on its industry

Argentina wants to impose a special tax on its industry

The aim will be to impose a tax on large companies that have high margins. The oil and gas industry could be hit.