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Category commodity

Oil prices steady amid Russia Ukraine peace uncertainty and supply dynamics

Oil prices steady amid Russia Ukraine peace uncertainty and supply dynamics

Oil prices held steady on Friday as traders weighed ongoing uncertainty surrounding potential peace negotiations between Russia and Ukraine agains...
Gold ETFs gain momentum as investors seek safe-haven hedge

Gold ETFs gain momentum as investors seek safe-haven hedge

Gold has long been regarded as a traditional safe-haven investment, offering protection in times of uncertainty and market volatility. This year,...
India urged to synchronise renewable expansion with demand

India urged to synchronise renewable expansion with demand

On Friday, an advisor to the power ministry stated that Indian renewable energy developers should synchronise their expansion strategies with accu...
China Concord to invest $1B in Venezuelan oilfields amid US sanctions

China Concord to invest $1B in Venezuelan oilfields amid US sanctions

China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela with investment plans exceeding $1 billion and ramping up crude produ...
Cenovus to acquire MEG Energy in $5.6B deal, forming oil sands giant

Cenovus to acquire MEG Energy in $5.6B deal, forming oil sands giant

Cenovus Energy said on Friday it will acquire MEG Energy in a cash-and-stock deal worth C$7.9 billion ($5.68 billion), including debt, creating on...