Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Scotland's top law adviser to the British government, Richard Keen, has offered his resignation to Prime Minister Boris Johnson over his plan to break international law by breaching parts of the Brexit divorce treaty, the BBC reported on Wednesday.

Canadian insurer Manulife Financial Group will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical coverage.

Southwest Airlines Co said on Wednesday it now expects cash burn to slow to $17 million per day in the third quarter, adding that bookings had picked up in August and so far in September after struggling in July.

Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and Federal Aviation Administration (FAA), a U.S. House panel concluded after an 18-month investigation.

Southwest Airlines Co said on Wednesday it now expects cash burn to slow to $17 million per day in the third quarter, as airlines continued to top the list of industries hit by the coronavirus crisis.

Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, three OPEC+ sources told Reuters on Wednesday. The compliance figure may be adjusted at the meeting of the committee later on Wednesday, one of the sources said.

Russia is considering tripling the mineral extraction tax on metals and fertiliser producers as Moscow seeks ways to raise revenues, industry sources told Reuters on Wednesday, although the Kremlin said no decision had yet been taken.

British Airways' boss said on Wednesday the company was doing everything possible to make it through the winter, highlighting the pressures it faces from the coronavirus crisis as he was grilled by lawmakers over plans to cut thousands of jobs.

An 18-month investigation by a U.S. House panel blasted Boeing Co and the Federal Aviation Administration over the 737 MAX which has been grounded since March 2019 after two fatal crashes killed 346 people.

China's corn crop is expected to fall by up to 10 million tonnes, or nearly 4%, from the latest government estimates after heavy wind and rains toppled crops in major production areas in the northeastern cornbelt, analysts said.

Britain's competition regulator said TUI UK will refund customers for COVID-19 cancelled holidays by Sept. 30, after it investigated consumer complaints that travel companies were dragging their heels over returning cash.

Indonesian stocks slid for the second straight session on Wednesday, ahead of a Bank Indonesia meeting tipped to hold fire on cuts in interest rates that would help a struggling economy in aid of stabilising the rupiah.

Indonesian stocks slid for the second straight session on Wednesday, ahead of a Bank Indonesia meeting tipped to hold fire on cuts in interest rates that would help a struggling economy in aid of stabilising the rupiah.

Thomas Cook re-emerged as an online-only travel company on Wednesday, backed by its Chinese owners, a year after the high-profile collapse of the British company left thousands stranded, out of work and out of pocket.

Finland's Neste sold its 49.99% stake in private Swedish naphthenic specialty oils and bitumen products maker Nynas AB to Bitumina Industries Ltd on Tuesday, the Finnish biofuel producer and oil refiner said on Wednesday.

Finland's Neste sold its 49.99% stake in private Swedish naphthenic specialty oils and bitumen products maker Nynas AB to Bitumina Industries Ltd on Tuesday, the Finnish biofuel producer and oil refiner said on Wednesday.

British Prime Minister Boris Johnson's government sees a 'way through' the parliamentary maze for his bill that would break the Brexit divorce treaty as it talks with rebels in the Conservative Party, a minister said on Wednesday.

Air New Zealand Ltd said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the lack of long-haul international flying, which would take its COVID-19 related job losses to around 37% of its workforce.

Air New Zealand Ltd said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the lack of long-haul international flying, which would take its COVID-19 related job losses to around 37% of its workforce.