ICE Canola Futures Climb Ahead of Key Statistics Canada Crop Report
Canola futures on the Intercontinental Exchange gained on Monday amid light trading as the market awaits a crucial crop production forecast from the Canadian government.
Latest by Elena Volkova
US Oil Export Ban Unlikely to Lower Gas Prices, Interior Secretary Says
U.S. Interior Secretary Doug Burgum stated that banning oil and fuel exports would likely not reduce domestic energy costs and could trigger retaliatory actions, potentially harming states dependent on energy imports.
Wheat Futures Decline on Hopes of Black Sea De-escalation
U.S. wheat futures closed lower on Monday following reports of a potential agreement between Russia and Ukraine to avoid targeting energy infrastructure, raising hopes for reduced conflict in the key grain-exporting region.
Oil Prices Surge Over 2% as Attacks on Saudi Infrastructure Stoke Supply Fears
Crude oil benchmarks climbed more than 2% on Monday after a series of attacks on key Saudi Arabian energy infrastructure and ships in the Middle East heightened investor concerns about significant global supply disruptions.
Northwest European Gasoline Margins Climb to $52 Per Barrel
Gasoline refining margins in Northwest Europe increased by approximately $3 on Monday to reach $52 per barrel, supported by active trading in the region's physical barge market.
Kremlin Endorses Trump's Call for Ukraine to Halt Refinery Strikes
The Kremlin has expressed support for U.S. President Donald Trump's call for Ukraine to stop targeting Russian diesel production facilities. The statement comes as Ukrainian drone attacks have curtailed Russia's fuel output and created domestic shortages.
US EPA to Finalize Repeal of Power Plant Carbon Emission Rules
The U.S. Environmental Protection Agency is set to announce its final rule repealing the Biden administration's carbon emission limits for coal- and gas-fired power plants, a significant reversal of federal climate policy.
Soybean Futures Rise on US-China Meeting Hopes, Shaking Off Supply Data
Soybean prices on the Chicago Board of Trade recovered from earlier losses as traders focused on potential trade outcomes from an upcoming meeting between U.S. and Chinese leaders, outweighing a recent USDA report forecasting higher domestic production.
Israeli Airstrikes Kill 13 in Lebanon, Fueling Regional Tensions and Oil Price Surge
At least 13 people were killed in Israeli airstrikes on a southern Lebanese town, according to health officials, escalating fears of a wider conflict and contributing to a spike in global energy prices.