Nasdaq Commodities

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

Gold prices in India rose above the psychologically important 50,000 rupees level for the first time on Wednesday, as expectations of more stimulus to resuscitate pandemic-hit economies lifted the metal's appeal as an inflation-hedge.

Marcel Amon-Tanoh, a longtime ally of President Alassane Ouattara and until recently his foreign minister, declared on Wednesday he would run in Ivory Coast's presidential election in October, breaking with the ruling party.

Qatar Airways is seeking at least $5 billion in compensation from Saudi Arabia, the United Arab Emirates, Egypt and Bahrain for blocking it from their airspace, the state-owned carrier said on Wednesday.

United Airlines said on Wednesday it is extending face mask requirements to all of its airport areas across the world starting on July 24 and tightening exemptions to only cover children under the age of two.

Bulgaria's transport ministry on Wednesday signed a deal with a consortium led by asset manager Meridiam to run and operate Sofia Airport, the Balkan country's main air transport hub, for 35 years, the government said.

An Ethiopian Airlines' Boeing 777 cargo plane caught fire while loading cargo at Shanghai Pudong International Airport on Wednesday, the airline said, adding that fire has been contained and none of the crew or ground staff were harmed.

An Ethiopian Airlines cargo plane caught fire at Shanghai Pudong International Airport on Wednesday afternoon, The Paper, a Chinese news website backed by the Shanghai government, reported.

Denmark's A.P. Moller-Maersk, the world's top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from September.

Ireland may introduce further travel restrictions for countries with a very high instance of COVID-19, Foreign Minister Simon Coveney said on Wednesday after the government lifted its 14-day quarantine requirement for 15 European countries.

Norwegian metals maker Norsk Hydro posted a surprise rise in second-quarter earnings on Wednesday, helped by ramp-up of its Alunorte plant in Brazil and reduced costs.

Qantas Airways Ltd's last Boeing 747 jet drew a kangaroo tail in the sky off the Australian coast as it began its final flight to retirement in the Mojave Desert on Wednesday, ending the model's almost half a century of service at the carrier.

The Environmental Protection Agency (EPA) is set to announce on Wednesday the first proposed U.S. emissions standards for commercial aircraft, officials briefed on the matter said.

China plans to sell rice and wheat from state reserves to animal feed producers who are struggling with high corn prices, which have soared more than 20% in some areas this year amid tightening supplies, three sources familiar with the matter said.

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it had reached agreement with Airbus SE to delay the delivery of A350s and A321neos and was in advanced talks with Boeing Co about deferring its 777-9 orders.

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it had reached agreement with Airbus SE to delay the delivery of A350s and A321neos and was in advanced talks with Boeing Co about deferring its 777-9 orders.

Qatar on Wednesday relaxed restrictions aimed at controlling the novel coronavirus, allowing citizens and permanent residency holders to travel outside the country and return at any time, and residents outside the country to return starting Aug. 1.

London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter.

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.

United Airlines Holdings Inc said on Tuesday it burned through about $40 million per day in the second quarter but sees that amount slowing to roughly $25 million in the third quarter as it matches its flight schedule to coronavirus-hit demand.