Commodities are having a volatile start to the year as China’s virus tsunami and policy shifts leave investors scrambling to calibrate expectations for 2023.

French energy company filed an application in Court of Queen’s Bench in Alberta challenging the right of first refusal offer that Teck made to TotalEnergies in relation to the proposed sale of its share of Fort Hills to Suncor.

Industrial metals and iron ore are on track to finish in negative territory.

Sberbank has taken legal action to recover debt and penalties from Glencore Energy UK Ltd over the two consignments, supplied by a subsidiary of Russia's largest bank in March.

In just one year, investors’ bullish exuberance for commodities has turned into a spectacular retreat.

While 2022 has largely been a story of the necessity of fossil fuels, it's likely that the surging prices accelerate the drive to renewable energies.

The country is set to see strong revenue growth from thermal coal exports used in power plants.