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Commodities
Copper Tops USD 8,000, Commodity Supercycle at Play?
December 21, 2020 12:23 PM AEDT| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...
Crude at Crossroads After Surpassing USD 50 Hurdle
December 19, 2020 02:09 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled post surpassing the 9-month high with the Brent crude oil futures reaching a high of USD 51.90 per barrel (intraday high on 17 December 2020). The market seems to have backed in the positive news on COVID-19 vaccine....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 06:42 PM AEDT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 02:32 PM AEDT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 01:50 PM AEDT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
Crude Surges on Vaccine Optimism and Sharp Build in U.S. Weekly Net imports
December 13, 2020 12:09 AM AEDT| By Kunal SawhneyCrude oil prices are showing strong momentum with the price of Brent crude oil futures crossing the USD 50 per barrel mark. Brent crude oil futures started the day’s session 0.05 per cent up on Friday after witnessing an intraday move o...
China to tighten its grip on world’s copper market: Floats Cu Futures
December 06, 2020 12:13 AM AEDT| By Team Kalkine MediaImage Source Shutterstock China has launched international copper futures contract on 19th of November, 2020, in a move that will give foreign investors access to trading in the world's top consumer of the metal. Traders started trading copper f...
BHP inks deal with Shell to power LNG carriers
December 02, 2020 02:07 PM AEDT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
OPEC+ Delays Production Cut Decision, November Rally Halts
December 02, 2020 11:49 AM AEDT| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...
How Are Businesses Encashing the Gold Bonanza?
November 25, 2020 12:00 AM AEDT| By Hina ChowdharyGold has been quite the charmer as a safe haven asset in 2020 with the spot price vaulting to a record high of USD 2,073.41 per ounce in August 2020. The impeccable rally in gold prices has brought a smile on many faces with several banks, royalty .....
Crude Oil rallies over 4% in three days, what is keeping the bulls busy?
November 05, 2020 01:17 PM AEDT| By Hina ChowdharyThe Crude oil prices jumped early on 03 November 2020, with Brent benchmark crude prices back above the $40 per barrel, fresh rally in the financial markets and a weaker U.S. dollar on Election Day are considered the main reason for the recent jump.....
Saudi Plans on Taking Renewable to 50% of the Energy Mix, Market Doubts: Impact on the Oil Space?
October 17, 2020 04:55 AM AEDT| By Kunal SawhneySaudi Arabia’s energy minister Abdulaziz bin Salman plans to take the renewable energy to 50 per cent of the total power generation capacity by 2030; however, the market pounders on how true Saudi’s interest in the renewable project is,.....
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Is This the Consolidation Phase for Gold and Silver? Are There any Surprises?
October 13, 2020 03:47 PM AEDT| By Team Kalkine MediaGold Spot Multi-Contributor (XAU/USD) on Technical Chart Gold Spot Multi-Contributor (XAU) Monthly Chart (Source: Refinitiv Eikon Thomson Reuters) Gold prices were on an upswing on 09 October 2020, and closed at USD 1929.43, up by 1.87%. Gold i.....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 05:57 PM AEST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....
How Are Global Crude Oil Giants Responding to the New Normal?
September 18, 2020 03:38 PM AEST| By Team Kalkine MediaSaudi Arabia, the world’s largest crude oil producer, has been supplying crude oil at a price lower than international prices to China in order to capture higher market share. However, the market situation changed as China ran out of space to.....
Enbridge, Suncor & Canadian Natural Resources: 3 trending high-income energy stocks on TSX
August 26, 2020 11:10 PM AEST| By Team Kalkine MediaThe COVID-19 pandemic has wreaked havoc in the energy industry, the third largest sector (by weightage) on the Toronto Stock Exchange (TSX). The TSX energy index touched historic lows in over two decades in March this year. The sector struggled wit.....
LNG in a Hive of Activity, Contango as Winter demand Beckons
August 22, 2020 04:36 PM AEST| By Team Kalkine MediaAs the LNG market prepares for a major contraction in the yearly levels during 2020, the industry players have been proactive enough to manage the supply cuts, which followed the major demand destruction disrupting the LNG trade. The LNG prices on.....
Gold Supply Disruptions and Paradigm Shift in Gold Miners’ Business Strategy
August 05, 2020 06:31 PM AEST| By Team Kalkine MediaSummary Gold is once again talk of the town with recent surge in gold spot to a record high of USD 2,031.07 per ounce, well above the much-awaited mark of USD 2,000 per ounce. Investors have embraced gold in 2020, leading to a gush in spot pric.....
Orocobre Posts 48 Per Cent Decline in Quarterly Revenue, Total Sales Cost Reaches A Record Low
August 03, 2020 11:38 PM AEST| By Team Kalkine MediaSummary The COVID-19 outbreak has added to the ever-growing problems faced by the lithium industry, which has been struggling in the past to deal with the supply glut. The lithium industry remained under oversupply conditions before and the COV.....
China and Taiwan- The Emerging Catalyst In the Global LNG Demand Growth Curve
July 31, 2020 09:12 PM AEST| By Team Kalkine MediaSummary The global LNG trades are moving at rabbit’s pace, with total trades reaching 348 million tonnes in 2019, leading to a supply rush, which is now dependable on China and Taiwan imports and energy policies. Both China and Taiwan are.....
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