Commodities

Geopolitics and supply shifts to drive oil price movement in the coming weeks

The political news situation will determine whether the price of Brent oil stays around $70 per barrel, which it has been for the last two weeks, according to Commerzbank AG. Whether the US proposal for a 30-day ceasefire in Ukraine can be developed...

Is $50 oil on the horizon? JPMorgan warns of further price drops amid supply pressure

The outlook for oil prices is becoming increasingly bearish on Wall Street, with a growing consensus that crude will trade primarily in the $60s range in the coming months. Goldman Sachs Group Inc. has joined a chorus of fellow banks in lowering thei...

How Turrum Phase 3 project aims to avert Australia gas shortage

ExxonMobil’s Australian subsidiary has announced a significant development in its Gippsland Basin joint venture with Woodside Energy.  The two companies have reached a final investment decision to proceed with the Turrum Phase 3 project, a...

Brazil’s CSN reports Q4 net loss of $15 million

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) recently posted a net loss of 85 million reais ($14.66 million) in the fourth quarter after substantial financial expenses. According to a Reuters report, core earnings and revenues in the Bra...

Long XAU/EUR: bullish breakout signals uptrend as safe-haven demand rises amid market uncertainty and strong support

What’s driving Australian mine workers to push for collective bargaining at Rio Tinto’s Paraburdoo mine?

The Western Mine Workers Alliance (WMWA) in Australia has announced that over 400 workers at Rio Tinto’s Paraburdoo iron ore mine, located in the Pilbara region, have demonstrated their support for collective bargaining by signing a petition.&#...

China’s soybean demand soars as record imports aim to ease supply shortages

Traders and analysts said that China is expected to receive record soybean imports in the second quarter, according to a Reuters report.  This is due to delayed Brazilian shipments and slow customs clearances causing supply tightness, which has...

Gold nears new highs as US inflation cools, trade war escalates: how will markets react?

Gold prices climbed sharply over the last couple of sessions due to growing concerns over US tariffs.  “The positive move is sponsored by the growing market worries about the potential economic fallout from US President Donald Trump’s trad...

Construction, cans, and cars: industries on edge as Trump’s tariffs take effect

Steel and aluminum, the unsung heroes of modern life, are ubiquitous in American society. From the stainless steel refrigerator in your kitchen to the aluminum cans in your pantry, these metals form the backbone of countless products and industries....

Oil prices rise as dollar dips, but Iraq’s supply surge poses risk

Oil prices saw a slight increase on Wednesday, primarily supported by a weaker US dollar, which makes the commodity less expensive for buyers using other currencies.  However, the upward movement of oil prices was limited by growing concerns abo...

Long XAU/GBP: strong support at key levels signals bullish momentum and potential upside breakout

Long XAG/EUR: bullish breakout from parallel channel signals strong upside potential with rising momentum

EU strikes back with $28B tariffs on US goods as trade war escalates

The European Commission announced on Wednesday that it will implement counter tariffs on a substantial range of US goods, valued at 26 billion euros (equivalent to $28 billion), starting from next month, according to a Reuters report. This move marks...

Russian wheat exports expected to decline significantly in March: here’s why

SovEcon, a leading agricultural consultancy, has released its latest forecast for Russian wheat exports in March.  The firm estimates that exports will reach between 1.4 and 1.8 million metric tons this month.  This represents a significant...

Russian crude oil supply to India shows signs of stabilising

India’s state-owned refiners are in talks with traders selling Russian crude.  These discussions indicate that there is sufficient supply to meet the current demand, according to a Bloomberg report. This eases concerns that the flow of cru...

Gas and LNG remain crucial for Australia’s energy future despite nuclear debate, says Rystad

The upcoming election in Australia will gauge public opinion on nuclear energy as a solution to the country’s long-term energy requirements and rising living costs.  However, immediate energy transition plans may be hindered by energy secu...

Oil falls as Saudi Arabia cuts crude prices amid weak China demand; US output struggles

Crude oil prices started the week under pressure as Saudi Arabia cut official selling prices for April loadings, while poor economic data from China weighed on sentiments.  While there was a brief rally towards the end of last week that pushed p...

Bitcoin vs. gold: the digital age’s store of value showdown

Most people have heard about Bitcoin these days, and even those who still don’t understand how it works might be aware that it’s widely considered to be a kind of “digital gold”. That’s because Bitcoin shares several characteristics with real gold, s...

Oil trade shifts: How sanctions on Russia are reshaping flows to India and China

India and China have been taking different approaches to mitigate short-term crude oil supply disruptions, Vortexa said in a report. Vortexa flow data revealed that, since January 10, when the US Office of Foreign Assets Control (OFAC) sanctioned ove...

Why are Chinese rapeseed meal and oil prices surging?

On the first day of trading since China’s decision to impose 100% tariffs on imports of rapeseed meal and oil from Canada, Zhengzhou rapeseed meal and oil contracts experienced a significant surge, according to a Reuters report.  Zhengzhou...