11:05 AM @ 30/05/2023
Tensions are rising between Saudi Arabia and Russia, as Russia continues to pump huge volumes of cheaper crude oil into the market and undermining Saudi efforts to boost prices, The Wall Street Journal reported Saturday.SEE MORE10:57 AM @ 30/05/2023
Japan will boost critical mineral resources development together with the G7 and other "like-minded countries" as part of its efforts to bolster its economic security, a top government official told S&P Global Commodity Insights May 26, with Tokyo having secured a record supplementary budget of more than Yen 200 billion ($1.4 billion) for mineral resources this year.SEE MORE10:32 AM @ 30/05/2023
Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world's biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains.SEE MORE10:25 AM @ 30/05/2023
The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress.SEE MORE10:14 AM @ 30/05/2023
Russia and other countries of the OPEC+ alliance will decide at the upcoming meeting what is the best for the oil market, and will stay true to all previous decisions, Russian Deputy Prime Minister Alexander Novak said on Thursday.SEE MORE
