The US Commerce Secretary has announced that the US will temporarily lift tariffs imposed on Ukraine during the Trump administration to help Ukraine recover its economy and continue to show support for the Russia-Ukraine situation. "For steel mills t…
OPEC+, an oil producers' alliance led by Saudi Arabia and Russia, stuck to its original plan to increase output by just 432,000 b/d in June, continuing to defy calls from major consumers led by the United States to pump more oil to keep prices down.…
The World Platinum Investment Association (WPIC) said recently that carmakers are accelerating reductions in palladium use and increased use of platinum due to concerns about Russian palladium supplies. However, it still expects a significant surplus…
The biggest immediate challenge for the EU will be replenishing its depleted gas inventories. While the EU could still increase LNG imports from countries such as the US, such purchases would be more expensive.Refilling natural gas storage space to h…