Commodities

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy conference as energy prices soared over supply concerns.

Gold declined in early Asian trading Tuesday amid profit-taking, even as prices of the precious metal edge closer toward the record $2,028.00/ounce set in August 2020.

Exxon Mobil CEO Darren Woods told the CERAWeek energy conference Monday that producers are trying to ramp up production, but that doing so was tough even before the Ukraine crisis.

Shell PLC said it would donate profits from purchases of Russian oil to efforts to alleviate the humanitarian crisis in Ukraine, after an outcry over the company’s bid for a cargo of Russian crude.

The Russian invasion of Ukraine threatens the food supply and livelihoods of people in Europe, Africa, and Asia.

The U.S. gets over 50% of the minerals it uses to make home building supplies and electric cars from other countries. The company Twin Metals was trying to change that by opening an underground mine in northeast Minnesota. But a fight over the environmental impact has had it hung up for years. 

Commodities just turned in their best weekly gains ever.

Oil prices rose as the Russia's invasion of Ukraine escalated after a Ukrainian nuclear power plant, Europe's largest, caught on fire after an attack from Russian troops.

Ukraine-born Indiana Republican Rep. Victoria Spartz, who still has family in the country, warned that a “huge humanitarian crisis” will evolve if the international community does not “step up” amid the “genocide of the Ukrainian people."

Oil prices continue to rally as shipping and supply concerns continue due to Russia's invasion of Ukraine.

Alcoa is the first major aluminum producer to cut off business with Russia.

Oil prices continue to rise as Russia's attack on Ukraine rages on.

Shell's CEO explained the move in an emotional statement.

The rouble plunged nearly 30% to an all-time low versus the dollar on Monday, while the euro sank after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.

Investors are back seeking the safety of the gold as a hedge to both Russia, Ukraine tensions, as well as inflation.

BP said cooperation with Rosneft is not in the "long-term interests" of shareholders.

Oil prices will remain volatile as Russia tussles with Ukraine.

Gold's grinding higher as investors look for safe-haven pockets as geopolitical uncertainty rages on Russia's Ukraine invasion.

Gas prices, nationally, are averaging at $3.54 per gallon with diesel fuel at $3.96.

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.