Commodities

Crude oil gains over 7% to reach 7-year high
March 02, 2022 02:05 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday to reach fresh seven-year high. Members of the International Energy Agency (IEA) agreed to release 60 million barrels of crude oil. Traders are avoiding trading Russian barrels despite the US-led san.....

Crude oil settles higher on rising supply concerns
March 01, 2022 02:04 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. Russia is facing severe disruptions to its exports after Western allies imposed stiff sanctions on Moscow. Russia could retaliate against these harsh measures by suspending European energy supplies. .....

Oil rises after Western allies block Russia’s SWIFT payments
February 28, 2022 02:24 PM AEDT| By Arpit VermaHighlights Crude oil prices surged more than US$7/bbl on Monday. the Russian President Vladimir Putin put the country’s nuclear deterrent on high alert. Western allies and Japan have decided to block certain Russian banks from the SWIFT .....

Crucial commodities that could be affected by the Russia-Ukraine war
February 27, 2022 12:47 AM AEDT| By Arpit VermaTensions between Russia and Ukraine have reached a fever pitch as Russian President Vladimir Putin announced a military operation on Ukraine on Thursday. Within a few hours, Russian aircrafts had already made their way to the Ukrainian capital whil.....

Up ~562% in last one year: What’s fuelling lithium prices?
February 26, 2022 01:13 AM AEDT| By Arpit VermaGlobal appetite for lithium has surged dramatically in the recent years, fuelling the price of the silvery-white metal. Lithium carbonate prices have surged to CNY 460,500 a tonne, recording nearly 553.19% gains in the last year. The spurt in lithi.....

Brent hits US$105/bbl as Russia attacks Ukraine
February 25, 2022 01:47 PM AEDT| By Arpit VermaHighlights Brent Crude oil prices hit the mark of US$105/bbl on Thursday. The tension escalated on Thursday after Russian President, Vladimir Putin officially announced the war. The US sanctions on Russia are expected to create chaos in the gl.....

Gold, Crude oil, and Aluminium: 3 Commodities to keep an eye on as Russia invades Ukraine
February 24, 2022 07:55 PM AEDT| By Arpit VermaVladimir Putin, the Russian President, announced a military operation in Ukraine in the wee hours on Thursday after several weeks of intense diplomacy and a flurry of Western sanctions on Russia. On Thursday, the Russian President said in a televis.....

Shining in times of crisis: How gold prices reacted during major wars
February 24, 2022 01:56 PM AEDT| By Nitish KumarHighlights Gold is, once again, in the limelight as the world is gripped by high inflation and ongoing tensions between Russia and Ukraine. Gold has been seen as a ‘safe haven’ during dire economic situations. Prior to World War II.....

Oil steadies as the US is unlikely to impose sanctions on Russian oil flows
February 24, 2022 01:52 PM AEDT| By Arpit VermaHighlights Crude oil prices steadied on Wednesday. The prices hovered near US$100/bbl on Tuesday, reaching the highest level since 2014. Australia plans to tap its oil stockpiles held in the US in coordination with other International Energy A.....

Crude oil hits US$99.50/bbl as Ukraine crisis intensifies
February 23, 2022 09:08 PM AEDT| By Arpit VermaHighlights Brent Crude Oil prices rose as high as US$99.50 a barrel on Tuesday, with prices settling near 2014 highs. The significant rise in the prices came after several western nations announced the initial stage of sanctions on Russia. Mar.....

Oil hovers near US$100/bbl as the US announces Russian sanctions
February 23, 2022 02:14 PM AEDT| By Arpit VermaHighlights Crude oil prices hover near US$100/bbl on Tuesday. Russian force killed a group of five saboteurs on Monday who breached Russia’s southwest border from Ukraine. The US and Britain have announced sanctions targeting Russian ban.....

How a Russian invasion of Ukraine might impact crude oil prices
February 22, 2022 08:25 PM AEDT| By Arpit VermaHighlights Crude oil prices have gained nearly 10% in the last one month alone. Russia has tightened its military grip around Ukraine, amassing thousands of troops, artillery, and equipment along the latter’s border. The ongoing tension .....

Commodity wrap-up for the week that was
February 22, 2022 03:52 PM AEDT| By Arpit VermaHighlights The global commodity market recorded a volatile week, ending on 18 February 2022. Natural gas recorded a weekly gain of 8.05% while crude oil prices tumbled. Aluminium prices also recorded substantial gains to reach all-time-high le.....

Crude oil rises as Russia-US meeting optimism fades
February 22, 2022 02:48 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. On Monday, Russian force killed a group of five saboteurs who breached Russia’s southwest border from Ukraine. Oil prices are once again heading up, as the optimism of the US-Russia meeting fad.....

Crude oil rises on fresh Russia-Ukraine war warnings
February 21, 2022 02:06 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The US and European Union made it ultra-clear that Russia would face sanctions if it invades Ukraine. The revival of Iran's 2015 nuclear deal could bring 1Mbpd of oil into the market to cool the boil.....

How huge lithium deposits in the Himalayas could benefit China
February 20, 2022 12:05 AM AEDT| By Arpit VermaGlobal energy transition is driving prices of green metals to multi-year highs in an attempt to achieve net-zero carbon emissions. The recent rally in these strategic minerals has been fuelled by an upsurge in demand for electric vehicles and renew.....

Oil tumbles as Iran closes in on nuclear deal finalisation
February 17, 2022 02:32 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Both France and Iran said parties are closer to an agreement to revive the 2015 nuclear deal. Crude oil prices were hovering near seven-year high levels as investors are concerned about the pote.....

Oil tumbles 3% as Russia withdraws some troops from Ukraine
February 16, 2022 01:30 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The substantial drop in the prices came after Russia stated that it has withdrawn some of the military units back to bases. Investors are also eyeing talks between the US and Iran on reviving the.....

Commodity wrap-up for the week that was
February 15, 2022 05:35 PM AEDT| By Arpit VermaHighlights US inflation hit 7.5% in January to reach the highest level since February 1982. Crude oil, the world's largest traded commodity, headed to record substantial weekly gains as the US warned of an imminent Russian invasion of Ukr.....

Oil jumps 2% amid rising tensions between Russia & Ukraine
February 15, 2022 01:48 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. Ukraine's president declared 16 February as a "day of unity". The US has relocated its embassy operations from the capital Kyiv to Lviv. Crude oil prices surged over 2% to reach fresh seven-year.....

Advertise your brand on Kalkine Media