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Commodities
Crude oil dips below US$100/bbl on a possible revival of Iran deal
March 16, 2022 04:45 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. Both oil benchmarks reached below US$100/bbl for the first time since late February. As per the technical charts, both oil benchmarks moved to the oversold territory which had been in overbought .....
Commodity wrap-up for the week that was
March 15, 2022 09:11 PM AEDT| By Arpit VermaHighlights The prices of commodities are hovering near multi-year highs despite recording a significant drop during the last week. Crude oil futures tumbled more than 8.98% last week while coal prices dropped more than 40% last Friday. Uranium.....
Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine tussle
March 15, 2022 04:43 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The prices extended their last week's decline as Russia is showing signs of its willingness to have a substantive negotiation over Ukraine. The global commodity market is facing headwinds since R.....
Will skyrocketing oil prices give wings to EV adoption?
March 13, 2022 12:45 AM AEDT| By AayushThe vortex of Russia-Ukraine war has embroiled almost all the nations of the world, especially oil importing countries, at least economically. Russia’s invasion of Ukraine has left it isolated from many countries, leading to an unprecedented .....
Is 2022 commodity crisis bigger than oil crisis of the 1970s?
March 13, 2022 12:42 AM AEDT| By Arpit VermaHighlights The tussle between Russia and Ukraine has catapulted global commodity prices to record high levels. The recent spike in crude oil prices has drawn comparison to the oil crisis of the 1970s. Analysts from leading investment firms bel.....
Lower investment in fossil fuels could prompt future energy crisis
March 13, 2022 12:38 AM AEDT| By Arpit VermaHighlights Leading economies of the world are on the brink to minimise the utilisation of fossil fuels. Worldwide oil production is anticipated to fall by 30Mbpd by the end of the decade. Oil producing countries like Iraq, Kuwait, and th.....
Crude oil tumbles as OPEC members pledge to increase supply
March 10, 2022 02:32 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Wednesday. The prices logged their biggest daily decline since November 2021. The US has urged the whole world to enhance oil production. Crude oil prices tumbled on Wednesday after the United Arab E.....
Crude oil surges as US bans Russian crude oil imports
March 09, 2022 03:25 PM AEDT| By Arpit VermaCrude oil prices jumped as much as 4% on Tuesday after the US banned Russian oil imports. At the same time, Britain also said to phase out the import of Russian oil and oil products by the end of 2022. Crude oil prices surged more than 30% since R.....
Nickel price surpasses US$100,000/t; ASX nickel stocks rise
March 09, 2022 02:31 PM AEDT| By Arpit VermaHighlights Nickel prices surged by a massive 65% yesterday, recording one of the most extreme moves in the history of metals. The current surge in the prices of battery metal is a result of escalated tension between Russia and Ukraine. Numerou.....
Why are nickel & aluminum prices high?
March 09, 2022 01:58 PM AEDT| By Ankit SethiHighlights Oil prices have been soaring over the past weeks, and now the US has banned oil imports from Russia Commodities like nickel and aluminum are also trading higher due to multiple reasons Supply constraints seem to be the biggest facto.....
Here’s why precious metals are shining amid gloom of war
March 08, 2022 08:50 PM AEDT| By Arpit VermaPrecious metals have recorded impressive gains in recent times. Within the last one month, prices of precious metals including gold, silver, and platinum have jumped more than 8% as geopolitical and economic uncertainties stemming from the Russia-U.....
Russia-Ukraine conflict: What is happening with wheat prices?
March 08, 2022 06:13 PM AEDT| By Akanksha VashishtThe events unfolding amidst the Russia-Ukraine conflict are highlighting different perils of war – one of them being declining food security. Wheat prices have soared by as much as 60% in the last one month (as of 8 March 2022), fuelling wide.....
Commodity wrap-up for the week that was
March 07, 2022 08:14 PM AEDT| By Arpit VermaHighlights A staggering jump in prices of commodities ranging from agricultural to energy products is underpinned by concerns of supply shortages. Among precious metals, gold, silver and Palladium have recorded substantial gains. Battery metal.....
Crude oil surges to 14-year highs on delays in Iranian talks
March 07, 2022 03:47 PM AEDT| By Arpit VermaBrent Crude Oil prices surged to US$139.13/bbl on Monday, the highest since 2008 as the ongoing crisis between Russia and Ukraine intensifies. The Western allies including the US and European Union are considering banning imports of Russian oil. At.....
Gold prices surpass US$2,000oz as Russia-Ukraine tussle escalates
March 07, 2022 03:22 PM AEDT| By Arpit VermaHighlights Gold prices reached to 18-month highs on Monday. The tension between Russia and Ukraine escalates. The rising uncertainties lifted the demand for gold as a safe haven asset. Gold prices surpassed the mark of US$2,000 per ounce .....
Will commodities’ rally continue?
March 06, 2022 03:21 PM AEDT| By Arpit VermaHighlights Western allies, including the US and the European Union, have blocked Russian banks from the SWIFT payment system. Moscow's invasion of Ukraine has surprised the market, with investors making huge sell-offs. With firm sanctions rema.....
How Russia-Ukraine war could trigger gas price explosion
March 06, 2022 12:38 AM AEDT| By Arpit VermaThe ongoing conflict between Russia and Ukraine has fuelled a rally in the commodity market. The prices of most of the commodities ranging from crude oil to agricultural products have surged to multi-year high levels. Shipping disruptions coupled .....
Is Australian coal industry set for new growth story amid Ukraine-Russia war?
March 04, 2022 09:02 PM AEDT| By Nitish KumarHighlights Australia is the world’s second-largest thermal coal exporter, while Russia stands at the third position. Several countries have placed restrictions on imports from Russia, including oil & gas and coal. The Australian gove.....
Crude oil slides from multi-year highs as Iran talks rev up
March 04, 2022 04:40 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. The prices of both the oil benchmarks hit multi-year high levels during the initial trading sessions on the same day. Negotiations to revive Iran's nuclear deal have been going on for nearly 10 .....
Crude oil surpasses US$110/bbl on supply shortage concerns
March 03, 2022 01:57 PM AEDT| By Arpit VermaHighlights Crude oil prices bolstered to a new eight-year high level on Wednesday. The rise in oil prices was ignited after the Western allies and Japan imposed sanctions on Russian banks. Despite OPEC+ agreeing to increase the output for the .....
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