Commodities

Biden issues offshore drilling leases under climate mandate

(Bloomberg) — The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court. ...

London Silver Inventories Continue to Plummet as Metal Exits LBMA Vaults

There is an unprecedented situation emerging in London, where the relentless hemorrhaging of one of the world’s...

Blinken thinks revival of Iran nuclear deal ‘unlikely’ for now

(Bloomberg) — Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for...

Silver futures climb by nearly 6%; gold prices settle at their highest in 2 weeks

Silver futures rallied on Monday, tacking on nearly 6%, while gold futures settled at their...

Uganda expects all pledged funding for oil pipeline by end of November

(Bloomberg) — Uganda said it expects all potential lenders for the country’s planned $4 billion crude export pipeline to make their commitments by the end of November, smoothing the way to a targeted...

EQT to buy Marcellus gas and pipeline assets in $5 billion deal

(Bloomberg) — EQT Corp., the largest U.S. natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. ...

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