Page 4 - Commodities Markets News Today

Libyan oil fields closure could lead to announcing force majeure, the oil ministry said late on Friday, a day after three oilfields were shut in protest against the abduction of a former finance minister.

China imported 10.27 million metric tons of soybeans in June, up 24.5% from a year earlier, customs data showed on Thursday, as large purchases of cheap Brazilian beans reached the market.

Japan's Inpex said on Thursday it has bought a 50% stake in the Australian renewable business of Italy's Enel, as the Japanese oil and gas producer expands into green energy.

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion) on the back of lower oil prices and volumes, a local paper reported citing a member of parliament.

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion), hit by lower oil prices and volumes, a local paper reported, citing a member of parliament.

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

Russia's energy ministry on Friday confirmed that it was cutting oil supplies by 500,000 barrels per day in August by cutting exports, state news agency TASS reported. (Reporting by Reuters)

U.S. energy firms this week added oil and natural gas rigs for the first time in 10 weeks, due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co said in its closely followed report on Friday.

Kuwait Integrated Petroleum Industries Company'S (KIPIC) distillation unit 21 at the al-Zour refinery has come online, paving the way for the refinery to operate at full capacity, it said on Twitter. (Reporting by Nadine Awadalla Editing by David Goodman )

Oilfield services firm Baker Hughes said on Thursday it will supply three liquefaction trains for NextDecade's Rio Grande liquefied natural gas (LNG) project in Texas.