Deere & Co., CNH Industrial NV and other makers of the tractors and combines used to plant and harvest American crops are already facing weak demand from farmers as a result of a five-year slump in the agricultural economy. That… Read More ›
Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market‘s needs. Speaking in… Read More ›
Stock Market News Today — Financial and Business News — SMN.TODAY — What started with a few dozen dead pigs in northeastern China is sending shock waves through the global food chain. Last August, a farm with fewer than 400… Read More ›
Oil Prices Were Torn On Thursday, Supported By Tightening Sanctions Against Iran Announced This Week
Stock Market News Today — Oil prices were torn on Thursday, supported by tightening sanctions against Iran announced this week and pressured by a surge in U.S. supply and concerns of an economic slowdown. Brent crude futures were at $74.60 per… Read More ›
Gold Prices Rose On Monday As Investors’ Appetite For Riskier Assets Faded On Concerns About A Potential U.S. Recession
Spot gold gained 0.3 percent to $1,316.40 per ounce as of 0800 GMT, while U.S. gold futures also added 0.3 percent to $1,316.50 an ounce. The metal last week posted its third consecutive weekly gain and rose 1 percent, the… Read More ›
The export cuts are designed to prop up prices, sources close to Saudi oil policy say. Saudi officials say the kingdom’s output policies are merely intended to balance the world market and reduce high inventories. “The Saudis want oil at… Read More ›
Citigroup Inc Plans To Sell Several Tons Of Gold Placed As Collateral By Venezuela’s Central Bank On A $1.6 Billion Loan
Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro’s efforts to… Read More ›
Crude Oil Production Cuts: Iraq, OPEC’s Second-Largest Producer, And Russia, Failed To Respect Their Commitments In The First Two Months Of The Year
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the end of the year, officials said Sunday. Saudi Arabia, the… Read More ›
Shale Companies, Adding Ever More Wells… Newer Wells Drilled Close To Older Wells Are Generally Pumping Less Oil And Gas And Could Hurt Output
Newer wells drilled close to older wells are generally pumping less oil and gas and could hurt output, leading frackers to cut back on the number of sites planned and trim overall production forecasts
President Donald Trump on Friday said that he has asked China to “immediately remove all tariffs” on U.S. agricultural products, in return for his decision to postpone a March 1 deadline to raise U.S. tariffs on Chinese imports.
U.S. crude-oil futures have rebounded 25% in the first two months of the year, according to Dow Jones Market Data, the best January-February performance in figures going back to 1984. Oil is also heading for its best two-month stretch generally since 2016—when prices recovered in April and May of that year after dipping below $27 a barrel.
Markets interpreted the fact that Trump agreed to meet with Liu at 2:30 PM ET (19:30 GMT) on Friday as a sign that trade discussions were progressing and the implementation of an increase in U.S. tariffs on Chinese products on March 1 would likely be delayed.