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Commodities
How can Australia secure its fuel supplies as geopolitical tensions boost oil price
April 23, 2022 12:19 AM AEST| By Akanksha VashishtHighlights Fuel prices have risen steeply and reached unprecedented highs this year due to a shortage of oil and gas. A small part of the petrol used in Australia is also produced at Australian refineries. Australia’s domestically produc.....
Crude oil inches higher as EU considers ban on Russian oil imports
April 22, 2022 01:41 PM AEST| By Arpit VermaHighlights Crude oil prices rose on Thursday. A fresh rise in coronavirus in China has also dampened the demand in China. S. crude exports rose to more than 4Mbpd last week. Crude oil prices rose on Thursday on concerns related to tight s.....
BHP’s (ASX:BHP) Q3 output shrinks; Here’s what affected the miner
April 21, 2022 05:48 PM AEST| By Arpit VermaHighlights BHP Group Limited (ASX:BHP) released its third-quarter results on Thursday. The mining giant’s energy coal production during the quarter tumbled 13% relative to the December 2021 quarter. Looking forward, the Company is well g.....
Whitehaven (ASX:WHC) on track to meet FY22 guidance despite fall in Q3 sales
April 20, 2022 07:07 PM AEST| By Arpit VermaHighlights Whitehaven Coal Limited (ASX:WHC) has produced 5% more coal in its third quarter relative to the same quarter in FY21. Despite a fall in the company's total managed coal sales, the miner is committed to delivering its FY22 guidance....
Oil crawls up after dipping more than 5% on Tuesday
April 20, 2022 01:55 PM AEST| By Arpit VermaHighlights Crude oil prices inched higher on Wednesday. The IMF has lowered its forecast for global growth by nearly a full percentage point. The bearish outlook added to price pressure from the dollar trading at a nearly two-year high level, .....
Oil rises on Libya’s supply drop & Shanghai’s rising demand prospects
April 19, 2022 01:08 PM AEST| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The current rise in oil prices is also underpinned by strong prospective demand in China. The possibility of a European Union ban on Russian oil continues to keep the market on edge. Crude oil .....
Where is the oil market headed in next few weeks?
April 17, 2022 12:53 AM AEST| By Arpit Vermacurtailed. The global crude oil market has been volatile for the past few weeks amid ongoing political turmoil between Russia and the Western nations over Ukraine's invasion. Analysts across the globe believe that the oil market might head into....
A flick through five biggest myths of the oil & gas industry
April 17, 2022 12:33 AM AEST| By Arpit VermaHighlights Distributing crude oil and natural gas is highly complex and requires state-of-the-art technology. The price of benchmark West Texas Intermediate (WTI) Crude oil went to negative US$37.63/bbl in April 2020. Apart from petrol an...
WPL to BPT: How these 5 ASX energy stocks are faring as oil rises 4%
April 14, 2022 05:42 PM AEST| By Arpit VermaHighlights Crude oil prices settled nearly 4% higher on Wednesday. The prices of both oil benchmarks are nearly 70% up over the last year. OPEC has reduced its 2022 crude oil demand forecast. Crude oil prices jumped nearly 4% on Wednesday.....
What makes Western Australia the world’s top mining destination
April 14, 2022 04:22 PM AEST| By Nitish KumarHighlights Western Australia is the world’s top mining destination, revealed a survey of mining and exploration companies for 2021. The Australian region replaced the US state of Nevada, which fell to the third position in the survey. So.....
Oil rises on Russian production cuts & OPEC’s supply warning
April 13, 2022 01:42 PM AEST| By Arpit VermaHighlights Crude oil prices rose on Wednesday. Russian condensate production tumbled below 10Mbpd to reach the lowest level since July 2020. On Tuesday, OPEC lowered its Russian liquid production forecast by 530,000bpd for 2022. Crude oil.....
Crude oil rises on OPEC’s warning of tight supplies
April 12, 2022 02:59 PM AEST| By Arpit VermaHighlights Crude oil prices inched up on Monday. The Organisation of the Petroleum Exporting Countries (OPEC) has warned that it would be difficult to enhance output to counterbalance the Russian lost supplies. the International Energy Agency...
Commodity wrap-up for the week that was
April 11, 2022 07:14 PM AEST| By Arpit VermaHighlights The prices of both the crude oil benchmark futures slipped atleast 0.70% during the last week. Natural gas prices have surged as much as 9.22% while coal surged more than 10% in the last week. The price of industrial metal platinum .....
Crude oil dips on easing supply concerns as IEA releases stockpile from SPR
April 11, 2022 04:31 PM AEST| By Arpit VermaFollowing the second straight weekly decline, crude oil prices tumbled on Monday as the world consumers announced their plans to release a substantial amount of crude from their strategic petroleum reserves (SPR). The prices were additionally we...
Where is Australian EV market headed after March milestone?
April 11, 2022 02:07 PM AEST| By Arpit VermaHighlights In Australia, the sale of pure battery-electric cars accounted for 2.5% of the total sales in March 2022, making it the best month ever for EV sales. As per a study, Australians would like to consider buying an EV as their next car, .....
Where is US shale gas industry headed? Can it fulfil LNG promise to EU?
April 10, 2022 12:05 AM AEST| By Nitish KumarUS President Joe Biden and European leaders recently reached an agreement aimed at reducing Europe's dependence on Russian fossil fuels. As part of the deal, the US government will supply more gas to EU nations. The US administration has promised .....
Crude oil dips on worries of Russian oil sanctions
April 08, 2022 01:27 PM AEST| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Oil prices were also pressurised by lower demand in China, one of the leading oil consumers in the world. Nineteen countries have made commitments to release 120 million barrels in the next six .....
Crude oil dips on big IEA reserve release announcement
April 07, 2022 02:17 PM AEST| By Arpit VermaHighlights Crude oil prices tumbled on Wednesday. Members of the International Energy Agency (IEA) decide to release 120 million barrels from strategic reserves to try to quell price gains. The US along with its allies prepared more sanctions .....
Australia’s commodity earnings set to reach AU$425 billion
April 05, 2022 12:45 PM AEST| By Arpit VermaHighlights The Department of Industry, Science, Energy and Resources, forecasted resource export earnings to jump by a whopping 33% in FY21-22. Worldwide commodity and energy prices surged this year on prospects that Russia’s invasion of .....
How much crude does Australia import every year?
April 04, 2022 01:07 PM AEST| By Akanksha VashishtThe ongoing Russia-Ukraine war has sparked chaotic price movements in commodities, primarily impacting oil prices. In recent days, the crude oil prices have been oscillating between the optimism of a supply boost from the United States and investor.....
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