Oil prices have risen sharply due to the bad weather in the Gulf of Mexico

Oil prices rose sharply on Tuesday due to fears about the impending Gordon storm in the Gulf of Mexico, as well as a more significant reduction in supplies of Iranian oil in connection with US sanctions. Because of the bad weather, oil company Anadarko Petroleum evacuated workers and suspended operations on two platforms in the Gulf of Mexico. The price of November futures for Brent crude by 14:17 Eastern European time rose by 1 dollar 12 cents to 79 dollars 27 cents per barrel. October futures for WTI oil by this time went up by 1 dollar 33 cents to 71 dollars 13 cents per barrel.

05.09.2018

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Glencore to trim copper and zinc production targets

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...

25.10.2019

Offshore wind farms to invest $1.2 trillion to hit climate goals

Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The Paris-based ...

25.10.2019

Glencore to trim copper and zinc production targets

Offshore wind farms to invest $1.2 trillion to hit climate goals

Amazon shares fall 7%, forecasts below expectation

China to request U.S. to remove tariffs in exchange for farm purchases

Oil prices drop after recovering from surprise dip in U.S. inventories