Commodities

Crude oil gains on prospects of new Russia sanctions

Highlights Crude oil prices tore heavy losses of the initial trading session on Wednesday. The prices tumbled significantly during the initial ses...

ILU to IMA: Why are prices of these mineral sand stocks skyrocketing...

The soaring conflict between Russia and Ukraine has already created chaos in the global commodity market, creating supply shortage concerns. However,...

Gold & palladium dip on progressive peace talks between Russia & Ukr...

Highlights Gold prices slipped as the dollar index strengthened to its highest in more than one week. The benchmark 10-year bond yields hit their...

Commodity wrap-up for the week that was

Highlights Natural gas prices surged by a staggering ~13.44% in the last week. The prices of industrial metals including aluminium, zinc, lead, an...

Crude oil dips on rising COVID-19 cases in China

Highlights Crude oil prices tumbled on Monday. Crude oil prices were already on fire after Yemen's Houthis launched an attack on Saudi energy faci...

Crude oil logs volatile prices on Iran deal revival & ongoing supply...

Highlights  Crude oil prices tumbled on Thursday after gaining significantly on the previous day. Both oil benchmarks settled nearly 5% highe...

LME doesn’t have plans to suspend Russian metals’ trading

Highlights The London Metal Exchange doesn’t have any plans to curb the trading of Russian metals amid ongoing Western sanctions. The exchan...

Commodity wrap-up for the week that was

Highlights The prices of commodities remained volatile last week on fears related to the Russia-Ukraine war and the rising coronavirus cases in Chi...

Crude oil rises as European Union plans to ban Russian oil imports

Highlights Crude oil prices rose on Tuesday. Both oil benchmarks settled nearly 7% higher on Monday as the potential for more supply disruptions w...

EIA foresees crude oil prices to buoy above US$100 a barrel in 2022

Highlights Crude oil prices reached multi-year highs amid rising tensions between Russia and Ukraine. The US’ decision to put an embargo on...

How a boost in Permian oil output can help calm down crude oil marke...

Highlights The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recovery in...

How a boost in Permian oil output can help calm down crude oil marke...

Highlights  The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recov...

Crude oil rises on IEA supply warning

Highlights  Crude oil prices rose on Thursday. The prices were dropped on Wednesday for the fifth time in the last six days as traders reacte...

Crude oil dips below US$100/bbl on a possible revival of Iran deal

Highlights Crude oil prices tumbled on Tuesday. Both oil benchmarks reached below US$100/bbl for the first time since late February. As per the t...

Commodity wrap-up for the week that was

Highlights The prices of commodities are hovering near multi-year highs despite recording a significant drop during the last week. Crude oil futur...

Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine...

Highlights Crude oil prices tumbled on Tuesday. The prices extended their last week's decline as Russia is showing signs of its willingness to hav...

Will skyrocketing oil prices give wings to EV adoption?

The vortex of Russia-Ukraine war has embroiled almost all the nations of the world, especially oil importing countries, at least economically. Russia&...

Is 2022 commodity crisis bigger than oil crisis of the 1970s?

Highlights The tussle between Russia and Ukraine has catapulted global commodity prices to record high levels. The recent spike in crude oil price...

Lower investment in fossil fuels could prompt future energy crisis

Highlights Leading economies of the world are on the brink to minimise the utilisation of fossil fuels. Worldwide oil production is anticipated to...

Crude oil tumbles as OPEC members pledge to increase supply

Highlights Crude oil prices tumbled on Wednesday. The prices logged their biggest daily decline since November 2021. The US has urged the whole w...