Reuters Energy and Commodities@ReutersCommods

News and columns on commodities, energy, sustainable investment and the environment from Reuters journalists.

 London
reuters.com/business/energy/
Joined October 2009
Russian oil selling at $79/barrel in Asia on Monday, well above price cap reuters.com/business/energy/…

Russian oil selling at $79/barrel in Asia on Monday, well above price cap

Russia's ESPO oil blend from the Far Eastern port of Kozmino was selling for around $79 a barrel in Asian markets on Monday - almost a third higher than the price cap imposed on Russian oil by the G7...

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Saudi energy minister dismisses calls for extra OPEC+ barrels reuters.com/business/energy/…

Saudi energy minister dismisses calls for extra OPEC+ barrels

OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting the oil market from the wild price swings seen in...

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Commodities could be on the verge of a new super cycle reuters.com/markets/commodit…

Commodities could be on the verge of a new super cycle

Commodities have had a rough decade, but a confluence of structural factors suggests that after years of underinvestment, the stage may be set for the next super cycle.

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Tesla created secret team to suppress thousands of driving range complaints @specialreports reuters.com/investigates/spe…
20
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106,936
Belgian Greens make U-turn to consider nuclear plants extension reuters.com/world/belgian-gr…

Belgian Greens make U-turn to consider nuclear plants extension

Belgium should keep an open mind about extending the life-span of its remaining nuclear power plants, the country's Green energy minister said on Monday, in a shift of position prompted by the...

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NextEra beats quarterly profit estimates on clean energy demand reuters.com/business/energy/…

NextEra shares tumble as revenue misses, head of key unit leaves

NextEra Energy Inc on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility unit.

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1,197
Exclusive: Russia seeking oil payments from India in dirhams - sources, document reuters.com/business/energy/…

Exclusive: Russia seeking oil payments from India in dirhams

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the U.S. dollar to insulate...

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139
U.S. trucking downturn foreshadows possible economic gloom reuters.com/business/us-truc…
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Goldman Sachs sees Brent oil hitting $100/bbl in Q3 2022 reuters.com/markets/asia/gol…

Oil to breach $100 a barrel later this year- Goldman Sachs

Brent oil prices are primed to rise above $100 per barrel later this year, Goldman Sachs analysts said, adding oil market remains in a "surprisingly large deficit" as demand hit from the Omicron...

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Oil inventory drops set stage for higher prices reuters.com/business/energy/…

Oil inventory drops set stage for higher prices

JP Morgan analysts said this month that oil inventories - which include crude and fuel products - now play a bigger role in determining oil prices than the US dollar.

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13,617
Spain's gas demand soars as power plants burn more since blackout reuters.com/sustainability/b…

Spain's gas demand soars as power plants burn more since blackout

Spain has increased the amount of gas it burns to produce electricity as its power grids rely more on conventional gas-fired plants since a major blackout on April 28, gas grid operator Enagas said...

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64,767
Russia's Gazprombank is the intermediary for rouble gas payments, Putin order says reuters.com/business/energy/…

Russia's Gazprombank is the intermediary for rouble gas payments, Putin order says

Russian President Vladimir Putin decreed on Thursday that foreign buyers of Russian gas would have to use special accounts at Gazprombank to pay for the import of Russian gas.

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Exclusive: US plans ultimatum in Mexico energy dispute, raising threat of tariffs reuters.com/business/energy/…

US plans ultimatum in Mexico energy dispute, raising threat of tariffs

The Biden administration plans to send Mexico an "act now or else" message in coming weeks in an attempt to break a stalemate in an energy trade dispute as bipartisan calls grow for the U.S. to get...

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After oil, gas and coal, global fuel shortage spreads to diesel reuters.com/business/energy/…

After oil, gas and coal, global fuel shortage spreads to diesel

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of...

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India considers buying discounted Russian oil, commodities, officials say reuters.com/world/india/indi…

As West shuns Moscow, officials say India eyes more cheap Russian oil

India may take up a Russian offer to buy crude oil and other commodities at a discount, two Indian officials said, in a sign that Delhi wants to keep its key trading partner on board despite Western...

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Soaring electric truck sales deal new blow to diesel use in China reuters.com/sustainability/c…

Soaring electric truck sales deal new blow to diesel use in China

Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil demand from the world's...

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21,406
Oil prices expected to average around $90 in 2023-2027 - column by @JKempEnergy reuters.com/markets/commodit…
6
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15,936
United Airlines will use lower-carbon fuels in San Francisco, London reuters.com/business/sustain…

United Airlines will use lower-carbon fuels in San Francisco, London

United Airlines will begin using lower-carbon aviation fuels on flights from San Francisco International Airport and London Heathrow Airport beginning this year, the U.S. carrier told Reuters on...

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27,751
Ghost in the machine? Rogue communication devices found in Chinese inverters reuters.com/sustainability/c…

Rogue communication devices found in Chinese solar power inverters

U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside...

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108,282
India’s economy follows China to reach rapid take off - column by @JKempEnergy reuters.com/markets/asia/ind…
3
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21,501
Gold trades near record highs on US rate cut bets; silver at 14-year high reuters.com/world/india/gold…

Gold trades near record highs on US rate cut bets; silver at 14-year high

Gold hit a more than four-month high on Monday to trade around $23 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the...

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Download the full report from Day 1 of the #TRCropTour from Russia tmsnrt.rs/1FI4CCG
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51
China buys more Iranian oil now than it did before sanctions, data shows reuters.com/world/china/chin…

China buys more Iranian oil now than it did before sanctions, data shows

China's purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed.

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To go electric, America needs more mines. Can it build them? reut.rs/2MHo2lW
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54
Exclusive: Exxon prepares to start up $1.2 bln Texas oil refinery expansion - sources reuters.com/business/energy/…

Exxon prepares to start up $2 bln Texas oil refinery expansion

Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first...

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18,940
U.S. winter wheat health among worst ever, yield prospects dicey - column by @kannbwx reuters.com/markets/commodit…
3
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Forget Russian intentions, fundamentals drove up Europe's gas price - column by @JKempEnergy reuters.com/business/energy/…

Forget Russian intentions, fundamentals drove up Europe's gas price: Kemp

European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs.

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Goldman proclaims the dawn of a new commodity supercycle - column by @AndyHomeMetals reut.rs/399iZC2
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Norway sees rapid growth in oil output from 30-year lows reut.rs/2s6zyNe
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France, Czech Republic and others push for nuclear in EU's green investment rules reuters.com/business/energy/…

France, Czech Republic and others push for nuclear in EU's green investment rules

France, Finland, the Czech Republic and other central and eastern European countries have jointly pushed for including nuclear energy in the European Union's upcoming sustainable finance rules, the...

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45
Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns reuters.com/business/sustain…

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

An S&P Dow Jones Indices executive said it had removed Tesla from the S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles.

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Oil tops $40 for first time since March on OPEC cuts, demand recovery reut.rs/2yZdOq1
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EDF to review case for keeping open UK nuclear plants set to close in 2024

France’s EDF will review whether there is a case to keep open the Hartlepool and Heysham 1 nuclear power plants in Britain beyond their current expected closure date in 2024, the company said on...

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Surge in electric vehicle sales power lithium prices as shortages loom reuters.com/business/autos-t…

Surge in electric vehicle sales power lithium prices as shortages loom

Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China.

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Are funds' corn views heading for the ultra-bearish year-ago levels? Column by @kannbwx reuters.com/markets/us/are-f…
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U.S. finds its Chinese rare earth dependency hard to break - column by @AndyHomeMetals uk.reuters.com/article/us-us…
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BMW to buy cobalt direct from Australia, Morocco for EV batteries uk.reuters.com/article/uk-bm…
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Three common problems are affecting wheat crops in Russia’s Southern district #TRCropTour tmsnrt.rs/1FI4CCG
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Ukraine crisis will disrupt crude, coal and LNG flows even without sanctions - column by @ClydeCommods reuters.com/business/energy/…
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Global diesel shortage raises risk of oil price spike - column by @JKempEnergy reuters.com/business/energy/…

Global diesel shortage raises risk of oil price spike

Global stocks of diesel and other middle distillates have fallen to the lowest seasonal level since 2008, when similar shortages of these transport and industrial fuels helped to propel oil prices to...

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World's ultra-wealthy go for gold amid stimulus bonanza @HughesNeghaiwi @JessopReuters reut.rs/2BfIUKS
1
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Shrinking U.S. cattle herd signals more pain from high beef prices reuters.com/markets/us/shrin…

Shrinking U.S. cattle herd signals more pain from high beef prices

U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs.

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OPEC+ is set to stick this week to its monthly modest oil output increases despite seeing tighter global markets, five OPEC+ sources tell @Reuters reut.rs/3tae6mW

OPEC+ to stick to oil rise plan despite EU sanctions -sources

OPEC+ is set to stick this week to its monthly modest oil output increases despite seeing tighter global markets, five OPEC+ sources said on Wednesday as the group fast approaches its maximum...

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U.S. corn exporters rack up monstrous volumes on their way to record books - column by @kannbwx reut.rs/2RcMQUB
2
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Gold's rush to record heights propelled by global anxieties reuters.com/world/india/gold…

Gold set to extend record-breaking run on global anxieties

Anxieties over global geopolitical and economic risks are the biggest drivers pushing gold's 54% surge this year, with analysts seeing little to halt the rally.

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Supply-chain fragility sends tin soaring to new highs - column by @AndyHomeMetals reuters.com/markets/commodit…
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Tin ticks all the commodity supercycle boxes - column by @AndyHomeMetals reuters.com/business/energy/…
2
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EXCLUSIVE Brazil has oil. Exxon can't seem to find it reuters.com/business/energy/…

EXCLUSIVE Brazil has oil. Exxon can't seem to find it

Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future.

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32
Oil bulls return as the threat from Omicron recedes - column by @JKempEnergy reuters.com/markets/funds/oi…

Oil bulls return as the threat from Omicron recedes: Kemp

Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and...

reuters.com
5
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Exclusive: Kazakhstan is changing the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing reut.rs/3PT8qrf
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Solar could be 40% of U.S. power by 2035 -Biden administration reuters.com/business/energy/…

Solar could be 40% of U.S. power by 2035 -Biden administration

Solar could supply more than 40% of the nation's electricity by 2035 - up from 3% today - if Congress adopts policies like tax credits for renewable energy projects and component factories, according...

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Betting on death of petrol cars, Volvo to go all electric by 2030 reut.rs/3uMBO7O
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Russia to cut oil output by 500,000 bpd in March reuters.com/business/energy/…

Russia to cut oil output by 500,000 bpd in March

Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil...

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1
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87,465
US rare earth pricing system is poised to challenge China's dominance reuters.com/sustainability/c…

US rare earth pricing system is poised to challenge China's dominance

U.S. efforts to break China's dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing...

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2
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Tin on the rebound as China scoops up surplus metal - column by @AndyHomeMetals reuters.com/markets/europe/t…
12
30
14,814
Exxon's record-smashing Q3 profit nearly matches Apple's reuters.com/business/energy/…

Exxon's record-smashing Q3 profit nearly matches Apple's

Exxon Mobil Corp on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant Apple.

reuters.com
1
5
30
Biden demands oil companies explain lack of gasoline as prices rise reuters.com/markets/commodit…

Biden blasts oil refiners for record profits on pain at the pump

U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall...

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Exclusive: India, Russia suspend negotiations to settle trade in rupees -sources reuters.com/markets/currenci…

India, Russia suspend negotiations to settle trade in rupees

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and...

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213,461
EU's LNG imports from Russia rise, despite cuts in pipeline gas reuters.com/business/energy/…
6
9
30
5,863
EXCLUSIVE Russia sees its oil output falling by up to 17% in 2022 -document reuters.com/business/energy/…

Exclusive: Russia sees its oil output falling by up to 17% in 2022 -document

Russia may see its oil production fall by as much as 17% in 2022, an economy ministry's document seen by Reuters showed on Wednesday, as the country struggles with Western sanctions.

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Alphabet soup: How will post-virus economic recovery shape up? @DharaRanasinghe @ritvikcarvalho reut.rs/34lhVYT
1
10
24
Oil price fall speculative, to hit $140 by year-end - Andurand reuters.com/business/energy/…

Oil price fall speculative, to hit $140 by year-end -Andurand

The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierre Andurand of Andurand Capital said on Tuesday.

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OPEC+ oil output below target again in Oct as members cut more than agreed - sources reuters.com/business/energy/…

OPEC+ oil output below target again in Oct as members cut more than agreed - sources

OPEC+ compliance with oil production cuts stood at 116% in October, up from 115% the previous month, internal data seen by Reuters showed, indicating the group continues to produce less than its...

reuters.com
2
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28
China sustains red-hot commodities imports at near-record pace reut.rs/2luNnw9
25
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Eastward gas flows via Yamal-Europe pipeline fall to zero reuters.com/business/energy/…

Eastward gas flows via Yamal-Europe pipeline fall to zero

Eastbound gas flows through the Yamal-Europe pipeline to Poland from Germany fell to zero on Monday morning, while Russian supplies to Europe via Ukraine inched up.

reuters.com
5
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Want to see a real short squeeze? Come to the tin market - column by @AndyHomeMetals reut.rs/3jxIMIV
1
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Copper prices to hit record high in next 12 months, China's Maike says reut.rs/38J4aGX
18
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Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say reuters.com/business/energy/…

China state oil majors suspend Russian oil buys due to sanctions, sources say

A sharp drop in oil demand from Russia’s two largest customers will put a strain on Moscow’s oil revenues.

reuters.com
1
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10,526
Goldman sees oil hitting $80/bbl despite likely return of Iran supply reuters.com/business/energy/…
1
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Italy's dependence on Russian gas down to 25% from 40%, Draghi says reuters.com/business/energy/…

Italy's dependence on Russian gas down to 25% from 40%, Draghi says

Italy's dependence on Russia for imported gas has decreased to 25% from 40% last year, Prime Minister Mario Draghi said on Friday following a summit of European Union leaders where inflation and...

reuters.com
2
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Woes mount for U.S. soy shippers as China gives Brazil unusual nod - column by @kannbwx reut.rs/3nDOmgW
2
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A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the stock market that has thrived this year reut.rs/3934NhN

Sizzling U.S. energy stock rally confronts global growth worries

A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the...

reuters.com
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China's July crude oil imports up 11.5% year-on-year reuters.com/business/energy/…

China's July crude oil imports up 11.5% year-on-year

China's July crude oil imports rose 11.5% from the same month a year ago as state-owned refineries maintained high operating rates, although the inbound shipments slowed month-on-month after hitting...

reuters.com
2
7
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3,274
Oil refiners worldwide struggle with weak demand, inventory glut reut.rs/3hPXR5O
1
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Exclusive: China buys first U.S. crude cargo since end of export ban - source reut.rs/1Q1LSzA
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Analysis: In world's top copper region political risk rises reuters.com/world/americas/w…

In world's top copper region political risk rises

In South America's copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crossha...

reuters.com
14
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US gold futures hit record high after report of US tariffs on gold bars reuters.com/world/china/us-g…

US gold futures pare gains after official says White House to clarify tariff policy on bullion bars

U.S. gold futures pared gains on Friday, retreating from record high levels, after reports that the White House plans to issue an executive order clarifying the country's stance on gold bar tariffs.

reuters.com
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2,456
UK energy price cap seen rising to above £4,200 in January – analysts reuters.com/world/uk/uk-ener…

UK prime minister candidate Truss sticks to tax vow despite soaring bills

Liz Truss, the frontrunner to be Britain's next prime minister, stuck to her plan to cut taxes to help households cope with a looming 230% leap in energy prices, despite warnings that lower taxes...

reuters.com
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19
Hedge funds capitulate on Fed pivot - column by @ReutersJamie reuters.com/markets/rates-bo…
1
6
27
US gas-fired power emissions scale record highs - column by @GavinJMaguire reuters.com/markets/commodit…
10
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As oil prices skyrocket, fund managers hop on board for the ride reuters.com/business/energy/…

As oil prices skyrocket, fund managers hop on board for the ride

A surge in oil prices is drawing fund managers back into shares of oil and gas companies, even as some remain unsure that the price gains will stick.

reuters.com
1
5
26
Atlanta Fed shock sounds 'Trumpcession' warning - column by @ReutersJamie reuters.com/markets/europe/a…
1
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21,150
G7 urged to phase out fossil fuels by Netherlands, Chile, others reuters.com/business/energy/…

G7 urged to phase out fossil fuels by Netherlands, Chile, others

Group of Seven rich nations must take the lead in phasing out fossil fuels, the leaders of seven countries including The Netherlands and Chile have said, attempting to build momentum for a global...

reuters.com
2
12
24
44,480
Russia has $1.5 billion plan to dent China's rare earth dominance reut.rs/30Qr5w4
18
24
Goldman Sachs expects commodities supercycle reuters.com/markets/commodit…

Goldman Sachs expects commodities supercycle

Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank's...

reuters.com
17
25
9,732
Yields in northeast Rostov are expected to be down on last year’s record levels #TRCropTour tmsnrt.rs/1FI4CCG
15
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Germany needs more baseload power for vital industrial reboot - column by @GavinJMaguire reuters.com/business/energy/…
4
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60,414
Nigeria hits oil majors with billions in back taxes - Exclusive by @ronbousso1 reut.rs/2NmJ5Gk
3
39
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Oil falls on U.S. market slide, unexpected rise in inventories reut.rs/35s3g0k
2
18
Chinese refiners sweep up Russian oil after Indian demand falls, analysts say reuters.com/business/energy/…

Chinese refiners sweep up Russian oil after Indian demand falls, analysts say

Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.

reuters.com
2
24
3,787
Exclusive: Russia set to mothball damaged Nord Stream gas pipelines - sources reuters.com/business/energy/…

Russia set to mothball damaged Nord Stream gas pipelines - sources

Three of the pipes were ruptured by unexplained blasts in September, and one of the Nord Stream 2 pipes remains intact.

reuters.com
2
15
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11,756
Half of China's heavy truck sales could be EVs by 2028, CATL says reuters.com/business/energy/…

Half of China's heavy truck sales could be EVs by 2028, CATL says

Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report.

reuters.com
1
15
25
3,549
OPEC+ plays waiting game amid abnormal crude oil times - column by @ClydeCommods reuters.com/business/energy/…
1
10
22
As natural gas prices tumble, new worries for U.S. shale patch reuters.com/markets/commodit…
7
23
5,598
Tin hits record highs as global stocks shrink - column by @AndyHomeMetals reut.rs/3spq3Uc
7
24
Russia expects to earn $9.6 billion more in April due to high oil prices reuters.com/business/energy/…

Russia expects to earn $9.6 billion more in April due to high oil prices

Russia expects to earn 798.4 billion roubles ($9.6 billion) in additional revenue from energy sales in April due to high oil prices, the finance ministry said, as Moscow needs cash to finance its...

reuters.com
4
16
21
Exclusive: Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say reuters.com/business/energy/…

Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say

Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week,...

reuters.com
1
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25,091
Read the first reports from the France leg of #TRCropTour here tmsnrt.rs/1FI4CCG
3
20
Exclusive: BP announces plans to cut 15% of workforce - sources reut.rs/378Usvm
32
23
Copper smelters are facing both market and pricing crises - column by @AndyHomeMetals reuters.com/markets/commodit…
10
22
9,548