Tag: commodity pricing

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudi Arabia raised pricing for the Medium and Heavy crudes it sells to Asia, a sign that OPEC’s biggest producer sees robust demand for the grades as it boosts output to offset the impact of energy sanctions on Iran. State-owned Saudi Aramco increased its official selling price for December sales of Medium crude to Asia […]

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

The Fuel Retailers Association, representing more than 2,500 fuel retailers, has hit back at the government’s proposal to cap the price of 93 octane petrol, claiming it will cut into wafer-thin profit margins and accelerate job losses in the sector. In a bid to ease the pressure high petrol prices are putting on consumers, the […]

Oil and Gas Model stability as pressure on oil prices rises | IHS Markit

Oil and Gas Model stability as pressure on oil prices rises | IHS Markit

Research Signals – October 2018 Oil prices may be in for a wild ride as geopolitical and economic shocks threaten to spill over into markets. IHS Markit has raised its outlook on Brent and WTI prices in 4Q 2018 while noting that the next 18 months will be plagued by escalating tensions with Saudi Arabia, […]

Agriculture, finance ministries sign deal with dairy farmers on pricing | Haaretz

Agriculture, finance ministries sign deal with dairy farmers on pricing | Haaretz

Agriculture representatives, the Finance Ministry and the Agriculture Ministry signed an agreement late Sunday night regarding the dairy industry for the coming years, after negotiations that lasted a year. The agreement’s goal is to prevent a rise in consumer dairy prices, despite the increase in raw milk prices over the past two years. Want to […]

Orocobre seeing ‘psychology’ change in lithium pricing | MiningNews

Orocobre seeing ‘psychology’ change in lithium pricing | MiningNews

Orocobre achieved a new record quarterly sales price of US$14,699 per tonne (free-on-board) in the September quarter, above June’s record of $13,653/t. Managing director Richard Seville said he expected December quarter pricing to be lower, but pricing for the half shouldn’t be materially lower than what was achieved in the June half. He told analysts […]

Coal pricing drives Union Pacific Q3 revenue despite fall in carloads: company | S&P Global Platts

Coal pricing drives Union Pacific Q3 revenue despite fall in carloads: company | S&P Global Platts

Houston — Coal pricing has been a primary factor driving revenue growth in the Union Pacific’s third quarter earnings despite a 3% fall in coal and coke carloads, railroad executives said Thursday. In addition, increased fuel surcharge revenue along with a 6% increase in volume were primary drivers of revenue growth, Robert Knight, UP VP […]

Tokyo Steel to hold product prices steady for 9th straight month | Reuters

Tokyo Steel to hold product prices steady for 9th straight month | Reuters

TOKYO, Oct 22 (Reuters) – Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, on Monday said it would hold steel product prices steady in November amid rising local inventory in steel sheets and weaker prices abroad. This will mark the ninth straight month that Tokyo Steel has kept prices unchanged. It last […]

P&G shares surge on strong results, higher product prices | Reuters

P&G shares surge on strong results, higher product prices | Reuters

The maker of Tide detergent and Oral-B toothpaste had told retailers during the quarter it planned to raise prices on “several products” in U.S. home care, oral care and personal care, Chief Financial Officer Jon Moeller said on a call to discuss earnings. On Thursday, Nestle (NESN.S) and Unilever (ULVR.L),< UNc.AS>, two of the world’s […]

Energy Stocks Open Higher As Oil Surge Raises Prices | Nasdaq

Energy Stocks Open Higher As Oil Surge Raises Prices | Nasdaq

Energy stocks are set to open broadly higher, lifted by encouraging earnings results from oilfield services bellwether Schlumberger and stronger broader index futures and rising oil prices . Schlumberger’s third-quarter profit rose 18.2 percent on higher oilfield services demand and the company said it expects the current pipeline bottlenecks in the Permian basin to be […]

Weekly Pricing Pulse: Iranian Crude Supply Drives Oil Prices To Multi-Year Highs | Seeking Alpha

Weekly Pricing Pulse: Iranian Crude Supply Drives Oil Prices To Multi-Year Highs | Seeking Alpha

Fear about too little supply has gripped oil markets recently and caused crude prices to surge 4.4% last week. Chemical prices moved in sympathy with oil and rose an even stronger 5.2%. Although more broadly commodity prices continue to be soft, the strength seen in the petro-chemical complex was enough to drive the IHS Markit […]