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Commodities
Will crude oil continue its rally in 2022?
December 31, 2021 05:34 PM AEDT| By Nitish KumarHighlights Crude oil demand outpaced supply in the year 2021. The EIA estimates global oil inventory to start building up in 2022, on the back of additional supply from the US and OPEC+. With a balance in demand and supply, crude oil pri.....
Crude oil rises further waning Omicron’s fear
December 31, 2021 02:38 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. On Wednesday, the prices of crude oil reached their highest level since November. Crude oil prices made a significant rebound ranging from 50-60% in 2021. Crude oil prices rose further on Thur.....
Saudi to host Future Minerals Summit, eyes on mining companies’ renewable energy plans
December 30, 2021 03:14 PM AEDT| By Arpit VermaHighlights Engineers across the whole world are trying their best to get the most out of the minerals to reduce greenhouse emissions. Saudi Arabia is hosting The Future Minerals Summit (FMS) in Riyadh on January 11-13. The demand for metals is.....
Crude oil rises on falling US inventories
December 30, 2021 01:26 PM AEDT| By Arpit VermaCrude oil prices reached their highest level since November on Wednesday offsetting concerns that rising cases of coronavirus across the globe might dent the demand. The significant rise in the prices of both the benchmarks was underpinned by the r.....
Crude oil rises despite rising Omicron concerns
December 29, 2021 02:21 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. Both the contracts reached their highest level in a month, strengthened by boosting US equities. Omicron-induced staff shortages led to various flight cancellations Crude oil prices rose on Tue.....
Crude oil rallies on reduced threats of Omicron’s severity
December 24, 2021 12:59 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. The prices had been struggling on concerns that the supply will exceed the demand in 2021 due to rising cases of the new virus variant. Xian city in China ordered 13 million residents to stay at ho.....
Commodity prices climbed the wall of worries in 2021
December 20, 2021 01:28 PM AEDT| By Nitish KumarThe year 2021 has been a great one for many commodity players, with several commodities seeing a sharp surge in the prices. Be it metals or energy commodities, many of them reached their all-time high or multiyear high. For instance, lumber prices .....
Crude oil dips on strong dollar and oversupply concerns
December 15, 2021 12:55 PM AEDT| By Arpit VermaHighlights Crude oil price tumbled on Tuesday. Producer prices reached 11-year highs on Tuesday. Governments across the globe are trying hard to put restrictions to curb the spread of the Omicron variant. Crude oil prices tumbled to nearl.....
Omicron fear dampens oil demand
December 14, 2021 01:31 PM AEDT| By Arpit VermaHighlights Crude oil price eased on Monday. More than 60 countries across the globe have shown a very high global risk. Governments across the globe including Norway and Britain were tightening restrictions to curb the spread of the virus. .....
Crude oil climbs up further as Omicron fear retreats
December 08, 2021 01:26 PM AEDT| By Arpit VermaHighlights Crude oil price climbs nearly 3% on Tuesday. Crude oil prices tumbled during the last week. Saudi Arabia increased the selling price of all crude grades from Sunday. Crude oil price rises nearly 3% on Tuesday, extending the pre.....
Will ‘Blue Hydrogen’ reduce Japan’s reliance on coal?
December 07, 2021 05:47 PM AEDT| By Akanksha VashishtAt a time when reducing the consumption of non-renewable energy sources has become an increasingly pressing global issue, Japan seems to have found the light at the end of the tunnel. The country has opted to switch to hydrogen as a recourse to the.....
Crude oil recovers as OPEC plans to reconsider its output if demand suffers
December 06, 2021 12:42 PM AEDT| By Arpit VermaHighlights Crude oil price recovers on Monday after settling a little higher on Friday. OPEC+ decided to stick to its original plan of gradually increasing the output. The cartel's next meeting is scheduled for 4 January 2022. Crude oil p.....
Crude oil ends higher amid OPEC’s plan to boost output
December 03, 2021 01:18 PM AEDT| By Arpit VermaHighlights Crude oil prices settled higher on Thursday. OPEC+ surprised the market by sticking to its original plan. The cartel decided to boost the supply in January. Crude oil prices settled nearly 1% higher on Thursday after a volatile.....
Crude oil records biggest monthly fall since March 2020
December 01, 2021 01:04 PM AEDT| By Arpit VermaCrude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavirus, prompting worries about oil demand. February delivery Brent Crude oil futures last traded at.....
Crude oil recovers after crashing more than 10% on Friday
November 29, 2021 01:24 PM AEDT| By Arpit VermaHighlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have recorded rising cases of the new variant of coronavirus on Sunday. Crude oil prices rose on Mon.....
Crude oil slumps to 2-month lows on Omicron concerns
November 29, 2021 02:59 AM AEDT| By AkshayCrude 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 supply glut in the oil markets. The new variant has been termed Omicron. Read Here: Can release of.....
Will the release of strategic crude reserves solve the demand-supply conundrum in oil market?
November 25, 2021 02:28 PM AEDT| By DaminiOil prices have exhibited increased volatility over the past few months amid various factors altering the demand-supply dynamics from all directions. Oil prices have rallied by over 58 per cent this year, backed by supply cuts from OECD and some de.....
What to expect from copper prices in the months ahead?
November 24, 2021 01:29 PM AEDT| By DaminiCopper 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 strong demand in China and a weaker US dollar, the price of copper exceeded US$10,000 a ton for th.....
Crude oil climbs up on indication that OPEC+ could reassess output
November 23, 2021 01:26 PM AEDT| By Arpit VermaCrude oil prices rose on Monday recording gains on previous losses on the news that OPEC along with its allies may rethink their plans of increasing production if leading economies release crude oil from their strategic reserves or if coronavirus p.....
Crude oil hits six-week low on recuperated supply concerns
November 18, 2021 01:09 PM AEDT| By Arpit VermaHighlights Crude oil prices slumped on Wednesday. The US urged other major oil consumers like Japan and China to consider a coordinated release of oil reserves to bring down oil prices. The US has considered announcing an emergency release of .....
