Commodities

Gold price firms up on dip in the US dollar

Highlights Gold prices rose on Monday. An ease in the strength of the US dollar pushed the prices of bullion. The strong performance of US equiti...

JCB inks multi-billion-dollar deal to supply hydrogen from Australia...

The construction equipment company, JCB has inked a multi-billion-dollar deal with Australia’s Fortescue Future Industries (FFI) to import and s...

Saudi Aramco records best quarterly since listing on higher oil pric...

Highlights Saudi Aramco has released its third quarter results ending 30 September 2021. The Company has recorded a net income of US$30.4 billion...

Vale SA records a significant rise in its Q3 earnings

Highlights Vale SA has reported a third-quarter net profit of US$3.9 billion. The miner’s net income tumbled nearly 50% relative to the prev...

Oil tumbles on speculations that Iran's supply will resume soon

Highlights Crude oil prices tumble on Thursday. The prices settle at nearly two-week low levels on speculations that Iran's supply will resume. S...

Oil tumbles on rising US stockpiles

Highlights Crude oil prices tumble on Wednesday. The higher-than-expected rise in the US crude stocks forced investors not to hold long positions...

Gold price tumbles on firm dollar

Highlights Gold prices tumbled on Tuesday. Prices surpassed the mark of US$1,800 per ounce on Monday, the highest since August 2021. Investors ha...

Crude oil rallies to the highest level since 2014 on robust demand

Highlights Crude oil prices rose on Tuesday. The prices reached their highest level since 2014 due to global supply shortages and robust demand....

Gold surpasses US$1,800 mark on inflation worries

Highlights Gold prices inched higher on Monday. Prices surpassed the mark of US$1,800 per ounce, the highest since August 2021. Investors are now...

Crude oil rallies on robust demand and tight supply

Highlights Crude oil prices rose on Monday. OPEC+ adheres to its plan for gradually increasing the output. US crude inventories tumbled to three-...

Commodity wrap-up for the week that was

As per the World Bank's Commodity Markets Outlook, the energy prices are anticipated to average 80% higher in 2021 compared to last year. Moreover, ma...

Oil hovers near multi-year highs on strong demand

Highlights Crude oil is trading near multi-year high levels. OPEC+ agreed to adhere to their original plan to boost the output by 400,000 bpd per...

Mineral Resources (ASX:MIN) plans to resume Wodgina lithium operatio...

Highlights Mineral Resources (ASX:MIN) plans to resume its operations at the Wodgina lithium mine. The Wadgina mine is located in the Pilbara regi...

Coal futures in China tumbles after recording multi-year highs

Thermal coal futures in China tumbled for the consecutive third evening session on Thursday after the government have given signals that it may interv...

Crude oil tumbles after hitting record highs

Highlights Crude oil prices tumbled on Thursday. Winter weather in most parts of the US is expected to be warmer than average. Oil also came unde...

Crude oil rallies on robust demand recovery and fall in the US stock...

Highlights Crude oil prices rose on Wednesday. OPEC+ sticks to its plan for gradually increasing the output amid stronger demand for petroleum pro...

Vale SA plans to lower its iron ore output amid lower prices

Highlights Vale SA plans to slow down the production of low-margin iron ore in the fourth quarter by nearly 4Mt. The significant decision of the m...

Oil hovers near multi-year highs amid ongoing energy crunch

Highlights Crude oil rises on Tuesday. Brent crude hovered near US$85 per barrel. Fast recovery from the pandemic has increased global demand....

Crude oil tumbles as US factory data deepens demand concerns

Highlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter ec...

Asian jet fuel margins recover as authorities lift cross border trav...

Highlights Jet refining margins in Asia jumped to their highest levels in October due to a solid recovery in air travel in the region. Jet refinin...