Is nickel ready to be the next hot battery metal?

The world is standing at the edge of a new electric era. Green metals including lithium, cobalt, nickel, and copper can be considered as the building blocks of this new era. The growing demand for electric vehicles and battery storage technologies...

What does 2022 have in store for commodity market?

After a surprisingly phenomenal run in 2021, commodities have entered another year, albeit with a slowdown. Commodity prices have skyrocketed throughout the previous year owing to an incessant demand as the result of recovering industrial sector. H...

Crude oil drops on rising coronavirus cases

Highlights Crude oil prices tumbled on Monday. Rising cases of coronavirus dented the global economic activity. Kazakhstan's turmoil and Libyan oil supply disruptions have partially offset the drop in oil prices. Crude oil prices tumbled ...

Crude oil rises despite an increase in coronavirus cases

Highlights Crude oil prices rose on Wednesday. OPEC+ agrees to increase the output by 400,000 bpd for the coming month. The oil market pared its gains after the US Federal Reserve stated that policymakers may have to increase rates more quickl...

Crude oil hits US$80/bbl as OPEC+ decides to increase February output

Highlights Crude oil prices rose on Tuesday. OPEC+ agrees to stick to its planned increase of 400,000 bpd of oil output in the coming month. The sudden rise in the spread of the Omicron variant of coronavirus has dented the charm of Christmas ...

Crude oil rises on demand optimism

Highlights Crude oil settled higher on Monday. OPEC+ plans to increase its output for the coming month. The Omicron variant of coronavirus has brought a record number of cases globally. Crude oil prices settled higher on Monday on the bac...

Will crude oil continue its rally in 2022?

Highlights  Crude oil demand outpaced supply in the year 2021. The EIA estimates global oil inventory to start building up in 2022, on the back of additional supply from the US and OPEC+. With a balance in demand and supply, crude oil pri...

Crude oil rises further waning Omicron’s fear

Highlights Crude oil prices rose on Thursday. On Wednesday, the prices of crude oil reached their highest level since November. Crude oil prices made a significant rebound ranging from 50-60% in 2021. Crude oil prices rose further on Thur...

Saudi to host Future Minerals Summit, eyes on mining companies’ renewable energy plans  

Highlights Engineers across the whole world are trying their best to get the most out of the minerals to reduce greenhouse emissions. Saudi Arabia is hosting The Future Minerals Summit (FMS) in Riyadh on January 11-13. The demand for metals is...

Crude oil rises on falling US inventories

Crude oil prices reached their highest level since November on Wednesday offsetting concerns that rising cases of coronavirus across the globe might dent the demand. The significant rise in the prices of both the benchmarks was underpinned by the r...