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The Commodities Feed: The US puts pressure on OPEC+ | Hellenic Shipping News Worldwide

Energy Oil markets were fairly volatile yesterday. ICE Brent traded down towards US$69/bbl, but managed to settle above US$71/bbl. The initial price pressure followed calls from the US administration, which urged OPEC+ to increase oil output further – the current increase of 400Mbbls/d is seemingly just not enough. In addition to asking OPEC+ to increase ...
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Copper falls as supply worries at Escondida mine ease | Hellenic Shipping News Worldwide

Copper prices fell on Wednesday as worries about supply disruptions at the world’s biggest copper mine, Escondida, eased after a deal reduced risk of a labour strike. BHP Group Ltd and the union at its Escondida copper mine in Chile said they had reached a tentative deal for a new contract, although the union will ...
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