Ghana, one of West Africa's largest economies, will hold formal talks with the International Monetary Fund on a support package, the government said on Friday, after hundreds took to the streets to protest against mounting hardship.
Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over its Oriente crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday.
Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday.
* OPEC+ sticks to oil output policy, avoids debate on September. * Recession fears weigh on oil prices, Wall Street. * Some Norway oil workers to strike from July 5. By Stephanie Kelly. Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its first monthly drop since January on Thursday due to weakness across vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 54 points, or nearly 2.5%, to 2,240 points.
ALBANY, N.Y., June 30, 2022 /PRNewswire/ -- The value of the global caustic soda market was clocked at US$ 39.8 Bn in 2021. In order to meet the growing demand, companies in the caustic soda market are putting an emphasis on capacity expansion and joint ventures in developing countries like India and China.
Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output. Brent crude futures for September delivery fell $3.42, or 3%, to settle at $109.03 per barrel. U.S. West Texas Intermediate crude futures fell $4.02, or 3.7%, to settle at $105.76 a barrel.
BOULDER, Colo. Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA.
Jushi Holdings Inc. (JUSHF), a vertically integrated, multi-state cannabis operator, debuted its first line of concentrates made using hydrocarbon extraction by its award-winning brand The Lab™, famous for delivering high-quality, precision vape products and concentrates.
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing its luster. Crude oil, industrial metals and a range of agricultural commodities are down significantly from their peaks earlier this year - in some cases by up to 50% - as rising interest rates increase the likelihood of U.S. and global recession.
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