Commodities


 OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus

OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus

July 02, 2021 02:34 PM AEST| By Nitish Kumar

Summary Saudi Arabia and Russia are in favour of adding 0.4Mbbl/day of crude oil from August 2021 to support the global demand. The benchmarks- WTI & Brent are trading above US$75/bbl as the OPEC+ meeting extends for the second day. UAE is.....

 How is lithium mined, and why its mining is criticized?

How is lithium mined, and why its mining is criticized?

July 01, 2021 01:34 PM AEST| By Team Kalkine Media

Summary The demand for lithium has surged significantly due to the high demand for lithium-ion batteries used in portable devices and electric vehicles. Lithium is primarily extracted from ore mining and salt deserts which are also known as sal.....

 How is crude oil extracted?

How is crude oil extracted?

June 30, 2021 12:13 PM AEST| By Nitish Kumar

Summary The earliest known oil wells were drilled in ancient China around 200-300 A.D. John D. Rockefeller, the first billionaire of the modern world, earned his fortune through the oil business. Oil and gas exploration uses modern and state-o.....

 What is coking coal, and where is it used? 

What is coking coal, and where is it used? 

June 29, 2021 06:01 PM AEST| By Team Kalkine Media

Coking coal, generally known as metallurgical coal, is a naturally occurring sedimentary rock. When heated, coking coal creates coke, which is a key material for the production of ste.....

 Why are crude oil prices on fire in 2021?

Why are crude oil prices on fire in 2021?

June 29, 2021 01:00 PM AEST| By Team Kalkine Media

Summary Crude oil prices have surged more than 84% in the past one year (as of 28 June 2021), on the back of robust economic recovery and accelerated COVID-19 vaccination. As demand comes roaring back, oil prices are expected to touch new highs.....

 Which company owns the largest silver reserve in Australia?

Which company owns the largest silver reserve in Australia?

June 28, 2021 06:12 PM AEST| By Aayush

Summary Australia is the seventh largest silver producer in the world and has an estimated reserve of around 90,000 tonnes. The largest silver mine in Australia is the Cannington underground mine, owned and operated by South32. The rising pric.....

 Is euphoria around gold stocks short lived?

Is euphoria around gold stocks short lived?

June 27, 2021 12:22 AM AEST| By Team Kalkine Media

Investments in gold can be done by buying physical gold or exchange traded funds or stock in gold mining, refining, and production. Regardless of who the investor is, it is essential to diversify the portfolio. Especially in case of gold which is a h...

 What are battery metals? Why is their demand growing?

What are battery metals? Why is their demand growing?

June 22, 2021 11:47 AM AEST| By Team Kalkine Media

Summary The fastest-growing storage technology, batteries play a vital role in the low-carbon transition. The demand for battery metals such as lithium, nickel and cobalt has surged amid soaring demand for electric vehicles. These metals are u.....

 What is copper and what is its strategic importance?   

What is copper and what is its strategic importance?   

June 21, 2021 06:47 PM AEST| By Team Kalkine Media

Summary Copper or the red metal has wide applicability ranging from industrial uses to human health. The copper prices reached an all-time high of US$4.90 per pound in May 2021. Chile accounts for the largest copper production. CODELCO is the.....

 What are the factors that influence global crude oil prices?

What are the factors that influence global crude oil prices?

June 04, 2021 03:44 PM AEST| By Team Kalkine Media

Summary Crude oil prices have grown more than 40% this year on the back of robust vaccination programs and global economic recovery. OPEC and its allies play a vital role in stabilising the crude oil prices. A potential US-Iran deal is expecte.....

 How crude oil dynamics influence the upstream and downstream sectors

How crude oil dynamics influence the upstream and downstream sectors

June 03, 2021 01:35 PM AEST| By Team Kalkine Media

Summary Crude oil prices have witnessed a dramatic journey, rising from a negative territory in 2020 to the pre-pandemic levels in 2021. The dynamics in crude oil prices have a significant impact on all the sectors of the oil & gas industry.....

 Why is iron ore rally hurting these two sectors?   

Why is iron ore rally hurting these two sectors?   

June 03, 2021 12:35 PM AEST| By Team Kalkine Media

Summary The prices of iron ore have almost doubled in the last one year, on account of strong economic growth, globally. China's decision to curb steel production and rising iron ore prices have pushed steel prices to record highs. Constructio.....

  What does the future of shale oil market look like?

 What does the future of shale oil market look like?

June 02, 2021 06:17 PM AEST| By Nitish Kumar

Summary Advancements in oil and gas drilling technology have unlocked huge reserves of oil, earlier untapped by oil and gas players. Shale oil is crude oil occupied in the void spaces of shale formations beneath the surface of the Earth. Hydra.....

 Gold rush on the cards amidst rising inflation and weak dollar

Gold rush on the cards amidst rising inflation and weak dollar

June 01, 2021 05:19 PM AEST| By Nitish Kumar

Summary Gold prices surged 8% during May, the highest monthly gain since July 2020. Fear of rise in inflation and weakening of dollar are catalysing the current price rise. Investors are keeping an eye on Treasury bond yields and inflation dat.....

 What are Rare Earth Elements and what’s their strategic significance?

What are Rare Earth Elements and what’s their strategic significance?

May 31, 2021 01:03 PM AEST| By Team Kalkine Media

Summary Rare earth elements (REE) are a set of 17 metallic elements, which are not rare despite what the name suggests. REEs are widely used in the manufacturing of consumer electronics, medical equipment, electric vehicles, and defence and cle.....

 Why are the oil prices volatile in May?

Why are the oil prices volatile in May?

May 27, 2021 12:48 PM AEST| By Team Kalkine Media

Crude oil is one of the highly traded commodities, globally. Its prices are extremely sensitive to factors such as supply-and-demand balance, weather, and geopolitical events. The prices get influenced even with the tiniest news on a global event. .....

 Why are iron ore prices volatile of late?

Why are iron ore prices volatile of late?

May 25, 2021 11:31 AM AEST| By Team Kalkine Media

Iron ore prices have been on a dramatic journey starting the second half of the last year. The prices reached a record high of US$237.57 per tonne on 12 May 2021. This rally could be attributed to a robust demand in Chinese steelmaking industries p.....

 Six Major Gold Miners with Massive Reserves

Six Major Gold Miners with Massive Reserves

May 20, 2021 10:25 AM AEST| By Team Kalkine Media

Summary Gold prices have been edging higher over the weaker US dollar and growing inflationary pressure. China, Russia, Australia, Canada, and the US are the major gold suppliers, accounting for a significant portion of the global gold deposits.....

 Here’s What You Need To  Know About Commodity Supercycle

Here’s What You Need To  Know About Commodity Supercycle

May 18, 2021 01:31 PM AEST| By Team Kalkine Media

Summary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an underlying structural shift leading the prices to break their long-run levels. The first known commo.....

 Why has IEA slashed 2021 oil demand forecast?

Why has IEA slashed 2021 oil demand forecast?

May 14, 2021 10:09 AM AEST| By Team Kalkine Media

The oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple.....

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