Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.
Big Oil backtracks on renewables push as climate agenda falters
Major European energy companies are slowing and sometimes reversing their renewables investments.
Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update
CALGARY, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A....
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC's forecast on global oil demand marks its fifth consecutive downward revision in its monthly report.
Oil prices fall on supply glut fears despite OPEC+ output cut extension
OPEC+ has postponed planned supply increases and extended deep output cuts to the end of 2026.
Trump’s low oil price promise is a risk and a boon for emerging markets
Trump’s pledge to halve energy costs sparks hope for oil importers but threatens fiscal turmoil for producers reliant on exports.
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
A survey of 41 economists and analysts predicted that Brent crude would average $74.53 per barrel in 2025.
