Commodities

Oil prices are lower after Russian President Vladamir Putin reportedly met with Saudi Crown Prince Mohammed bin Salman ahead of OPEC + meeting to discuss global oil market.

Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.

Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.

The price of copper is up $9,013.50 on the London Metal Exchange as investors anticipate increased Chinese demand.

Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.

With inflation, recession and a volatile stock market expected to remain big themes this year, precious metals are poised to shine in 2023, say experts. Gold and silver, hedges to inflation and uncertainty, could push gold to a record $2,100+ an ounce, while silver may approach $38 an ounce, a nearly 50% jump.

Tokyo Gas is in talks that could lead to buying U.S. natural gas producer Rockcliff Energy for $4.6 billion.

U.S. West Intermediate crude is heading toward posting a second straight annual gain, rising 4.5% in 2022.

Emily Riedel, dredge captain and star of Discovery Channel's "Bering Sea Gold," is the sole female captain of The Eroica, in Nome, Alaska. She originally studied music before hunting for gold.

Billionaire Mark Cuban offered his thoughts on gold and bitcoin in an upcoming podcast episode with Bill Maher, saying they both are both a "store of value."

A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.

Diesel used in trucks, in homes, and to fuel powerplants has skyrocketed in price as the Jones Act, the pandemic, and Russia's War in Ukraine all disrupt supply.

OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.

Diamond Standard hopes their product, a diamond coin and bar, and its use of ETFs and blockchain will help stabilize and democratize the diamond market.

Members of the OPEC+ group of oil producers will meet this week in Vienna to consider a production cut of 1 million barrels a day.

Exxon Mobil CEO Darren Woods is pushing back against Energy Secretary Jennifer Granholm's and the Biden Administration's misguided energy and trade policies.

Gas prices have now increased for five straight days, following a slow decline for nearly 100 days.

Prices for lithium intensifies a race between auto makers to lock up supplies as electric vehicle demand surges in the United States as well as China.