Commodities

Crude oil edges higher as Omicron fear wanes

Highlights Crude oil prices settled higher on Wednesday. investors are gradually getting confidence that Omicron cannot derail global economic gro...

Crude oil climbs up further as Omicron fear retreats

Highlights Crude oil price climbs nearly 3% on Tuesday. Crude oil prices tumbled during the last week. Saudi Arabia increased the selling price o...

Will ‘Blue Hydrogen’ reduce Japan’s reliance on coal?

At a time when reducing the consumption of non-renewable energy sources has become an increasingly pressing global issue, Japan seems to have found th...

Crude oil rises as concern eases over Omicron Variant

Highlights Crude oil price climbs nearly 5% on Monday. Brent crude oil gained nearly 38% in 2021. Saudi Arabia increased the selling price of all...

Commodity wrap-up for the week that was

Highlights Crude oil has gained more than 38% in the last one year. Cobalt, iron ore, and magnesium were among the top weekly gainers. Gold and s...

Crude oil recovers as OPEC plans to reconsider its output if demand...

Highlights Crude oil price recovers on Monday after settling a little higher on Friday. OPEC+ decided to stick to its original plan of gradually i...

Crude oil ends higher amid OPEC’s plan to boost output

Highlights Crude oil prices settled higher on Thursday. OPEC+ surprised the market by sticking to its original plan. The cartel decided to boost...

Crude oil prices dip on strong sell-off amid rising Omicron concern

Highlights Crude oil prices settled lower on Wednesday. Both the benchmarks have been under pressure for weeks. Both the benchmarks have recorded...

What forced China to buy Australian coal for the first time in a yea...

Highlights Chinese power plants are continuously running out of thermal coal stock due to skyrocketing domestic coal prices. The country softened...

Crude oil records biggest monthly fall since March 2020

Crude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavi...

Crude oil trims its gains after recovering on early trade on Monday

Highlights Crude oil prices inched lower on Monday. The prices of crude oil slumped by nearly 10% on Friday. The new variant of coronavirus has c...

Commodity wrap-up for the week that was

The last week of November witnessed mixed performance from commodities. In the energy sector, oil prices were quite volatile, with prices fluctuating...

Crude oil recovers after crashing more than 10% on Friday

Highlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have re...

Crude oil slumps to 2-month lows on Omicron concerns

Crude oil futures slumped to 2-month lows after the new COVID-19 variant spooked investors and added to the existing concerns relating to a possible s...

Here’s how renewables will help Australians to save AU$77 a year

Highlights The Australian EnergyMarket Commission (AEMC) predicts that the household electricity bills are likely to below AU$0.26 per kWh, th...

Crude oil dips on the back of US-led emergency oil release

Highlights Crude oil prices dipped on Thursday. OPEC believes that the US release is expected to increase the surplus by 1.1 million bpd. Oil wat...

Will the release of strategic crude reserves solve the demand-supply...

Oil prices have exhibited increased volatility over the past few months amid various factors altering the demand-supply dynamics from all directions....

Oil steadies as investors questioned SPR effectiveness

Highlights Crude oil prices steadied on Wednesday. The US along with other oil consumers are expected to release oil from their strategic reserves...

Crude oil rallies after leading oil consumers tap SPR

Highlights Crude oil prices rose on Tuesday. The prices reached one-week high. Leading oil consumers are expected to release millions of barrels...

What to expect from copper prices in the months ahead?

Copper has staged a remarkable journey in 2021 so far, with the price of the commodity rising by over 25 per cent despite the virus crisis. Thanks to...