Commodities
Oil price drops as Biden plots big US reserve release
Oil prices fell on Thursday as traders waited for an expected big release of reserves by President Joe Biden designed to stem inflation in the US economy.
UAE says Russia important to Opec+, asks West to be 'reasonable'
The United Arab Emirates’ energy minister on Monday stressed the importance of an oil production alliance with Russia and called on Western nations to be "reasonable" in their expectations of higher production as Moscow's invasion of Ukraine pushed crude prices higher.
US, EU agree increased LNG exports to cut reliance on Russia supply
The US and EU on Friday struck a deal to increase exports of liquefied natural gas (LNG) to the block and cut its dependence on Russian energy.
IEA says oil price spike, Russia sanctions to hit global growth
Global economic growth is expected to be hit by a combination of rising commodity prices, a lack of supply from Russia and sanctions on Moscow, the International Energy Agency (IEA) said on Wednesday.
LME halts nickel trading moments after restart
The London Metal Exchange has suspended electronic trading in nickel almost immediately after the market reopened following a week of shutdown.
UK house builders rally on cladding hopes
Shares in UK house builders rallied on Monday on hopes that the cost of fixing the cladding scandal may be less than initially feared.
Oil prices soften amid hopes for Russia-Ukraine peace talks
Oil prices dipped on Monday as traders clung to hopes that peace talks between Russia and Ukraine would make headway.
LME halts nickel trading as Ukraine war causes price surge
The London Metal Exchange suspended trading of nickel after the war in Ukraine caused the price to double to more than $100,000 a tonne on Tuesday.
Oil prices surge as US mulls Russian import ban
Crude prices closed in on all-time highs on Monday after the US confirmed it was considering curbing Russian oil imports.
Polymetal says ore reserves increased in 2021
Polymetal International said its ore reserves increased in 2021 as the Russian miner discovered more stores of precious metals.