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Commodities
What is the main reason for the slowdown in trading activity for Russian oil in Asia?
January 28, 2025 08:21 PM AEDT| By InvezzTrading activity for Russian oil due for March delivery has slowed in Asia, the primary market, Reuters reported on Tuesday. This is due to a substantial price difference between buyers and sellers in China. The increased cost of charteri...
Why are speculators betting big on US corn and cattle markets?
January 27, 2025 09:36 PM AEDT| By InvezzSpeculators have taken super-bullish positions in both US corn and cattle due to strong demand, despite dwindling inventories. Money managers have increased their net long position in Chicago Board of Trade (CBOT) corn futures and options to 311,678...
Gold prices reach record levels, targeting $2,800/oz
January 25, 2025 04:40 AM AEDT| By InvezzGold prices hit fresh record highs on Friday as the yellow metal notched up sharp gains on the back of a weak dollar. A weakened dollar makes commodities priced in the greenback cheaper for overseas buyers, thereby lifting demand. “This i...
Trump urges OPEC to cut oil prices, seeks $1 trillion investment from Saudi Arabia
January 24, 2025 06:59 AM AEDT| By InvezzUS President Donald Trump on Thursday said he will pressure Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to decrease oil prices. Trump was addressing OPEC and other world leaders gathered in Davos on Thursday. H...
Analysis: will the oil market stay on edge as Trump takes office?
January 22, 2025 03:17 AM AEDT| By InvezzThe oil market is expected to remain on the edge in the coming months after Donald Trump took charge as the US president on Monday. Oil prices fell sharply on Tuesday as Trump plans to boost oil and gas production in the US, while also imposing...
Soybeans take center stage as bullish corn sentiment grows
January 21, 2025 10:06 PM AEDT| By InvezzIn contrast to their ongoing bullish position in Chicago corn, speculators have shifted their attention to soybeans for the first time in over a year, signaling a newfound confidence in the commodity, according to a Reuters report. Investors ha...
Why silver is likely to outperform gold in 2025?
January 21, 2025 08:52 PM AEDT| By InvezzSilver is likely to outperform gold in 2025 with greater upside potential for prices. Both gold and silver are expected to remain well supported this year as the two metals continue to be the top picks for investments. However, Ole Hansen...
What energy decisions did Trump take on his first day as US president?
January 21, 2025 05:25 PM AEDT| By InvezzOn the first day of his presidency, US President Donald Trump took swift and decisive action to prioritise American energy production and dismantle the environmental policies of his predecessor, Joe Biden. In a series of executive orders, Presi...
Gold prices slip on profit booking but set for third-weekly gain
January 17, 2025 09:39 PM AEDT| By InvezzGold prices fell on Friday as investors resorted to booking profits after the yellow metal had surged to a one-month-high in the previous session. “Gold price (XAU/USD) retains its negative bias through the first half of the European session on Frida...
Why is BP, the British oil giant, cutting thousands of jobs?
January 17, 2025 05:55 AM AEDT| By InvezzBritish multinational oil and gas company BP announced on Thursday that it would reduce its workforce by thousands as part of a significant cost-cutting initiative. The company aims to streamline its operations and reduce expenses in response to chal...
Why is Societe Generale making a comeback to gold trading?
January 17, 2025 01:58 AM AEDT| By InvezzSociete Generale, the third-largest listed bank in France, is reportedly planning a partial return to gold trading. This strategic move comes after the bank’s exit from the bullion market in 2019. Two sources familiar with the matter revealed t...
What’s fuelling the recent surge in aluminium prices?
January 16, 2025 07:46 PM AEDT| By InvezzAluminium prices on the London Metal Exchange have risen sharply over the past couple of sessions after the European Union considered imposing more sanctions on Russian aluminium products. On the LME, aluminium prices had hit $2,622 per ton ear...
Brazil’s orange juice exports plummet 20% amid agricultural and economic challenges
January 16, 2025 01:02 AM AEDT| By InvezzBrazil, known as the world’s largest producer and exporter of orange juice, has seen a major decline in exports. Brazil’s orange juice exports dropped by 19.7% in the first half of the 2024/25 crop season compared to the same period last...
Peru’s niche Bretaña crude oil gains traction in US markets: here’s why
January 16, 2025 01:00 AM AEDT| By InvezzBretaña, a heavy sweet crude from the Peruvian Amazon, is gaining popularity in the US market as crude oil imports shift. The first cargo of Bretaña was recently unloaded to the Gulf of Mexico, adding another source for US refiners looking for altern...
Germany reports no new foot-and-mouth cases as UK bans meat and dairy imports
January 15, 2025 02:55 AM AEDT| By InvezzAuthorities in Germany have said that they have not found any new cases of the foot-and-mouth disease in livestock after extensive testing around the area where the first case was reported last week, according to a Reuters report. On Friday, German a...
LME in final stages to approve Hong Kong as metal storage hub
January 15, 2025 02:13 AM AEDT| By InvezzThe London Metal Exchange is in its final stages to approve Hong Kong as the main warehousing network for its metals, according to a Reuters report. The exchange considers the network in Hong Kong to be a gateway to mainland China, the report s...
Why France’s ambition to build six new nuclear reactors is facing roadblocks
January 14, 2025 11:03 PM AEDT| By InvezzFrance’s aim to build six nuclear reactors is still off limits as the nation faces challenges to reignite its ageing fleet of nuclear power plants, according to a Reuters report. France’s President Emmanuel Macron had unveiled a plan in 2022 fo...
Oil prices ease slightly but hold near highs; market surplus faces decline
January 14, 2025 08:37 PM AEDT| By InvezzOil prices eased somewhat on Tuesday, but stayed near multi-month highs as risks to supply remained. Brent crude oil prices had hit a five-month high on Monday after the US Treasury imposed fresh sanctions on the Russian shadow fleet last week....
Oil shipping rates skyrocket as US sanctions tighten global tanker market
January 14, 2025 05:59 PM AEDT| By InvezzSupertanker freight rates have surged in recent days, as the US government’s expanded sanctions on Russian oil trade send traders scrambling to book vessels for shipments from other countries to China and India. This surge in demand is putting...
Analysis: Will new US sanctions on Russian oil exports slash market supply?
January 14, 2025 02:58 AM AEDT| By InvezzOil prices have been trading at their highest levels in many months on Monday as concerns over disruptions in Russian supply boosted sentiments. New sanctions on Russian crude oil are likely to tighten the spot markets in the Middle East furthe...
