The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will s...
Tag: Commodities Corner
Natural Gas Took a Dive. A Warmer Winter Could Keep Prices Down.
Natural-gas prices were poised for their largest yearly percentage rise in 23 years before erasing much of that gain in the span of six sessions this month. The U.S. market shifted from worries about ...
Oil Has Been Falling, OPEC Cuts Could Drive Them Up Again
OPEC’s biggest producer, Saudi Arabia, recently suggested that the group may consider an output reduction. Asaad Niazi/AFP/Getty Images Text size Oil prices posted their biggest monthly loss of the ye...
Lumber Prices Tumble After Huge Gains in 2021
Shopping for lumber at a Home Depot in Alhambra, Calif., earlier this year Frederic J. Brown/AFP/Getty Images Text size The lumber market has taken some big hits from rising inflation and a slowdown i...
Softer Housing Sales Are Hammering Demand for Lumber
Inflation and rising mortgage costs are putting a dent in the housing market, which is hurting lumber demand. Frederic J. Brown/AFP/Getty Images Text size You can almost hear the sound of falling lumb...
These Oil and Gas Companies Could Benefit From the Push Toward Sustainable Energy
The European Union’s push to wean itself off Russian gas and oil will hasten the transition to alternative energy. Energy companies such as BP and Shell stand to benefit. Here, Germany’s PCK oil refin...
Surging Fertilizer Costs Are Pushing Food Prices Higher
Fertilizer costs have roughly doubled from a year ago as the war in Ukraine disrupted the flow of supplies from Russia, the world’s largest exporter of the commodity. That has contributed to higher gl...
Russia-Ukraine Conflict Could Disrupt the Prices of These Commodities. What to Know.
The Nord Stream 2 gas pipeline in Russia would carry natural gas to Europe if approved by legislators. Andrey Rudakov/Bloomberg Text size Tensions between Russia and Ukraine are on the rise, and trade...