United Kingdom

Global Commodities 2017 Headlines

U.S. sanctions to complicate, not disrupt, Iran oil trade

A looming ramp-up in U.S. sanctions on Tehran will further spook potential buyers of Iranian oil although supplies to Europe will most likely remain uninterrupted, top trading houses told the Reuters Global Commodities Summit this week.

Top global trading houses see range-bound, stable oil price

A rebalancing of the global oil market is under way helped by supply curbs led by OPEC, although the chance of big further gains in prices looks unlikely in the next year or so as tighter supply may not last, top trading firms told Reuters.

Record U.S. oil exports set to surge further: Mercuria

Already record U.S. oil exports are set to surge further in the coming month as stored oil in one of the world's last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said.

Business Video

Top News

Brexit Party loses four MEPs to Conservatives

Britain's Brexit Party said on Thursday that four of its elected members of the European parliament (MEPs) had left the party to support the governing Conservatives in the British election on Dec. 12.