Commodities

Brazilian authorities investigating the fatal January collapse of a dam owned by miner Vale SA have recommended the removal of the firm's chief executive and several other high-ranking employees, national media reported on Saturday.

U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.

JupiterMLP LLC, one of several companies proposing to build oil export terminals along the U.S. Gulf Coast, has secured new financial backing from a global private equity firm, an executive said on Thursday, even as it faces two separate lawsuits, including one for breach of contract.

Russian oil output stood at 11.34 million barrels per day (bpd) in February, down some 75,000 barrels per day from the October level, the baseline for a global deal, but still missing the accord target, Energy Ministry data showed on Saturday.

An oil tanker carrying U.S. crude oil is offloading its cargo at a Chinese port on Friday, marking China's first import from the United States since late November, according to trade sources and Refinitiv data.

Russian Foreign Minister Sergei Lavrov said on Friday that Moscow was helping Venezuela with supplies of wheat, hours before a Reuters reporter saw a Venezuela-bound cargo ship carrying Russian wheat transit the Bosphorus.