(BOE Report)– Commodities were pelted in 2025 by the whirlwind of tariffs and policies imposed by U.S. President Donald Trump, and while the storm may recede in 2026, the ripples will last some time. Trump’s efforts to remake global trade and his shifting geopolitical moves have boosted volatility in commodity markets, with prices being driven by daily headlines rather than
(Investing)– Platinum prices are on track for their strongest monthly rally in nearly four decades in December, fuelled by the EU’s U-turn on its 2035 combustion-engine ban, a tight supply backdrop and rising investment demand for precious metals. Platinum and palladium, both used in autocatalysts that reduce car exhaust emissions, have surged this year as U.S. tariff uncertainty and a rally in gold and silver helped
(Oil Price)– The international gold and foreign exchange reserves held by the world’s biggest oil-producing nations in the EU could be at risk, Russian President Vladimir Putin said on Friday, after EU leaders discussed using frozen Russian assets to help Ukraine. “This is not just a blow to its image; it is an undermining of trust in the euro zone,” Putin
(Investing)– The European Parliament voted on Wednesday to approve the European Union’s plan to phase out Russian gas imports by late 2027. The approval marks a significant step forward for the initiative, which now faces just one remaining legal hurdle before becoming law. The Russian gas ban still requires formal approval from EU countries’ ministers, with that vote expected to
(Oil Price)– The United States insists that the European Union exempt it from obligations to report data under the EU Methane Regulation until 2035, Reuters reported on Monday, citing a U.S. document circulated to EU governments. The U.S. and its gas industry have lobbied this year for repeal or significant amendments of the EU’s climate laws and regulations which, the U.S.
(Oil price)– The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil. Many countries at COP30 have mobilized and supported a so-called “roadmap” to transition away from fossil fuels. But the latest draft document of the summit has
(World Oil)– Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the U.S. Treasury sanctioned the company and then quashed a key bid for its assets last week. Russia’s second-largest oil company runs a vast international operation that includes oil fields, refineries and filling
(Oil Price)– The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 emission-reduction targets as the European Union insists on becoming a net-zero area by 2050. The EU member states remain divided over the proposal of the European Commission to officially endorse setting a 2040 climate target to reduce the EU’s net greenhouse gas
(Investing)– The European Commission is pressing the United States to remove tariffs on products made from steel as Brussels seeks to advance parts of the EU-U.S. tariff deal that have yet to enter force, EU Trade Commissioner Maros Sefcovic said on Tuesday. Under their joint agreement, the two transatlantic partners are to consider ring-fencing their steel, aluminium and derivative products
(Investing) – The European Union could phase out Russian gas within six to 12 months by replacing it with U.S. liquefied natural gas, and the United States communicated this position to EU officials this week, U.S. energy secretary Chris Wright told Reuters on Friday. Wright was speaking in Brussels, where he met EU energy commissioner Dan Jorgensen on Thursday as
(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald
(BOE Report)– The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases
