COMMODITIES
LATEST NEWS FROM commodities
COMMODITIES
Curacao mulling 15 firms to replace Venezuela as refinery operator
Curacao's Isla refinery is considering offers from 15 companies interested in temporarily operating the 335,000-barrel-per-day facility to replace the current operator, Venezuel...
COMMODITIES
California power grid urges consumers to conserve energy in heat wave
California's power grid operator on Monday issued an alert to homes and businesses to conserve electricity on Tuesday and Wednesday when a heat wave is expected to blanket the s...
COMMODITIES
Phillips 66 Alliance refinery restarting gasoline unit: sources
Phillips 66 is restarting the gasoline-producing unit at its 249,700-barrel-per-day (bpd) Alliance, Louisiana, refinery on Monday, Gulf Coast market sources said. Phillip...
BUSINESS
Halliburton shares plunge on Permian growth worries
Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lowe...
COMMODITIES
Total's North Sea oil platforms hit by 24-hour strike
About 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expec...
COMMODITIES
Taiwan's Formosa buys first U.S. crude to replace Mideast oil: official
Taiwanese oil refiner Formosa Petrochemical Corp has bought a U.S. crude oil cargo for the first time to replace Middle East crude, the company spokesman said on Monday. ...
COMMODITIES
Energy giants opening natural gas spigots, fueling profit rise
The world's largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate ...
COMMODITIES
Chinese steel, coke rise after Tangshan curbs kick in
China's steel futures rose for a third session in four on Monday on concerns of tight supply as the top steelmaking city of Tangshan started six weeks of more production cuts.
BUSINESS