Tag: commodity pricing

The Australian dollar is getting a boost from surging crude oil prices | Business Insider

The Australian dollar is getting a boost from surging crude oil prices | Business Insider

“After yesterday’s decision by President Trump to pull out of the Iranian nuclear deal and reinstate sanctions on Iran, oil prices embarked on a steady rise aided as well by overnight news of an unexpected drop in US stockpiles, reinforcing the notion that the oil market is tightening and hence vulnerable to a reduction of […]

Boycott: Sidi Ali Blames Prices on Taxes, Angers Boycotters | Morocco World News

Boycott: Sidi Ali Blames Prices on Taxes, Angers Boycotters | Morocco World News

Prices Remain the Same Refuting the claims of boycotters, who said that the company has monopolized the Moroccan market and increased its prices, Sidi Ali wrote that it made a decision not to “increase the selling prices of all bottle sizes since 2010.”  The decision was taken “despite steady inflation and the increase of the […]

Oil prices respond to U.S. move on Iran with surge | UPI.com

Oil prices respond to U.S. move on Iran with surge | UPI.com

Global spare capacity is at a premium. Late Tuesday, the American Petroleum Institute reported U.S. commercial crude oil inventories declined 1.8 million barrels last week, far greater than the 400,000 barrel drop forecast by commodity pricing group S&P Global Platts. While the United States is producing more oil, it’s also exporting more. Extra supplies from […]

Study: Money trumps morals for getting customers to save energy | Energy News Network

Study: Money trumps morals for getting customers to save energy | Energy News Network

Ultimately, researchers concluded that utilities should use a combination of both customer messaging and dynamic pricing. Since 2007, ComEd and Ameren customers who participate in opt-in hourly pricing programs have saved $27 million while reducing greenhouse gas emissions, according to Elevate Energy, who administers the program. Still, today, most utility customers pay an average price […]

APM returns as crude oil prices surge | mydigitalfc

APM returns as crude oil prices surge | mydigitalfc

Caught between election compulsions and a surge in global crude oil prices, administered price regime seems to have made a hurried come back in the petroleum sector with state-owned oil companies beginning to hold back any increase in retail prices of petrol and diesel. While the move has come as a big boon for transportation […]

Energy minister says BP email is a sign that petrol market is ‘broken’ | Stuff.co.nz

Energy minister says BP email is a sign that petrol market is ‘broken’ | Stuff.co.nz

Energy Minister Megan Woods says she believes the petrol market is “broken” after a meeting with BP executives to discuss its pricing tactics. Woods instructed BP to come to Wellington for a meeting in the Beehive after being shown an internal email in which a BP pricing manager outlined a plan to hike prices at […]

Petrol prices competitive but inherently crazy | Stuff.co.nz

Petrol prices competitive but inherently crazy | Stuff.co.nz

In common with airlines, petrol retailers must clear their inventory. They know that competing retailers face the same pressure. The competition becomes ruinous because each wants to get in first so there is a downward price spiral. Rather than wait for another retailer to cut prices, you cut them first to snap up what car […]

Saudis big push against OPEC, Russia to raise oil prices could lead to worldwide energy market crisis | Lima Charlie News

Saudis big push against OPEC, Russia to raise oil prices could lead to worldwide energy market crisis | Lima Charlie News

“Producers need to send signals that the agreement should continue,” said Jonathan Goldberg, chief investor in the hedge fund BBL Commodities. The agreement that OPEC and Russia now have sets out to reduce industrial countries’ oil stocks to a five-year average, which would prolong the viability of existing oil wells as well as control the […]

Peanut Prices Surge Amid Concerns Over Supplies From Argentina | Spend Matters

Peanut Prices Surge Amid Concerns Over Supplies From Argentina | Spend Matters

The peanut market has seen an uptick in pricing lately, caused by the severe drought Argentina has been experiencing, which has also had an impact on other major crops, as reported in our previous post. Prices for Argentinian peanuts delivered to Rotterdam have increased from $1.26 per kg in February to $1.49 per kg in […]

AMD Stock Jumps 14% On Strong First Quarter Earnings | Fortune

AMD Stock Jumps 14% On Strong First Quarter Earnings | Fortune

AMD’s stock, which has been on a rollercoaster this year, jumped 14% on Thursday in midday trading to $11.08. That’s still well down from the 10-year high of $15.65 hit last July, but 16% higher than the price just two weeks ago. That’s likely because part of Su’s struggle with Wall Street has nothing to […]