Page 6 - Commodity Price News Today

BERLIN (Reuters) -Europe's largest automaker Volkswagen on Thursday warned the outlook for commodity markets remained uncertain after confirming it took a major hit to its third-quarter profit from raw materials hedges. "We cannot be satisfied with our profitability, which dragged behind our ambitious targets in the third quarter," Chief Financial Officer Arno Antlitz said in a statement. "The further development of the commodity markets remains unpredictable," Volkswa...

The Baker Hughes rig count has crashed this year compared to last year's numbers. A few months ago, we began to chronicle the weekly rig count to keep track of this alarming situation (which we post about every Monday). U.S. Energy Information Administration (EIA) analysts have taken notice of the crashing rig count and asked

EDGAR_IFRS_3T23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K ...

/PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the third quarter and nine months ended September 30, 2023. RPC provides a...

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month, the report predicted new all-time highs for natural gas production in 2023 (see Record High NatGas Production & Demand in 2023

Finally! We knew it would happen sooner or later. We committed to stop reporting on the price of natural gas unless and until the NYMEX went over $3/MMBtu and stayed there, which happened last week. The front-month NYMEX natural gas contract was close to $3 last Wednesday, closing at $2.99. On Thursday, the price closed

A high inflationary environment looks here to stay which makes monitoring commodity prices and stocks that can benefit accordingly very important to investors.

In September, production from the Marcellus and Utica shales averaged just under 35.1 Bcf/d --- down from a nearly two-year high at 35.3 Bcf/d in August, according to data from S&P Global Commodity Insights. Over the past three years, producers in the Marcellus/Utica have dialed back output in September. Why? Cooling temperatures that lead to

For traders who buy and sell NYMEX Henry Hub futures (and there is a fair number who read MDN), listen up! CME Group, which operates the Chicago Mercantile Exchange and New York Mercantile Exchange (NYMEX), announced it is launching Micro Henry Hub futures and options beginning November 6. The standard Henry Hub natural gas futures

According to the International Gas Union's (IGU) 2023 Global Wholesale Gas Price Survey report (full copy below), 2022 was THE most turbulent year in the history of gas markets, as the global energy crisis intensified and the global price levels reached record highs. Last year saw record price levels, with Europe’s wholesale prices reaching over