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Commodities
Brent Crude hits more than 3-year highs on global supply concerns
January 16, 2022 10:28 PM EST| By Arpit VermaHighlights Brent crude oil hitting more than 3-year highs on Monday. In the last week, Brent and WTI both rose by 5.4% and 6.3%. Leading oil-producing groups, including OPEC+, are not able to supply enough to meet strong global demand. Cr.....
Crude oil slips on US interest rate hike concerns
January 13, 2022 11:51 PM EST| By Arpit VermaHighlights Crude oil prices slipped on Thursday. Expectations of strong economic recovery counterbalance the losses in oil prices. Oil has gained more than 50% in the last year. Crude oil prices inched lower on Thursday on a strong sell-o.....
Is nickel ready to be the next hot battery metal?
January 11, 2022 04:34 AM EST| By Nitish KumarThe world is standing at the edge of a new electric era. Green metals including lithium, cobalt, nickel, and copper can be considered as the building blocks of this new era. The growing demand for electric vehicles and battery storage technologies.....
What does 2022 have in store for commodity market?
January 10, 2022 05:16 AM EST| By Akanksha VashishtAfter a surprisingly phenomenal run in 2021, commodities have entered another year, albeit with a slowdown. Commodity prices have skyrocketed throughout the previous year owing to an incessant demand as the result of recovering industrial sector. H.....
Crude oil drops on rising coronavirus cases
January 09, 2022 08:57 PM EST| By Arpit VermaHighlights Crude oil prices tumbled on Monday. Rising cases of coronavirus dented the global economic activity. Kazakhstan's turmoil and Libyan oil supply disruptions have partially offset the drop in oil prices. Crude oil prices tumbled .....
Crude oil rises despite an increase in coronavirus cases
January 05, 2022 09:27 PM EST| By Arpit VermaHighlights Crude oil prices rose on Wednesday. OPEC+ agrees to increase the output by 400,000 bpd for the coming month. The oil market pared its gains after the US Federal Reserve stated that policymakers may have to increase rates more quickl.....
Crude oil hits US$80/bbl as OPEC+ decides to increase February output
January 05, 2022 12:12 AM EST| By Arpit VermaHighlights Crude oil prices rose on Tuesday. OPEC+ agrees to stick to its planned increase of 400,000 bpd of oil output in the coming month. The sudden rise in the spread of the Omicron variant of coronavirus has dented the charm of Christmas .....
Crude oil rises on demand optimism
January 03, 2022 10:39 PM EST| By Arpit VermaHighlights Crude oil settled higher on Monday. OPEC+ plans to increase its output for the coming month. The Omicron variant of coronavirus has brought a record number of cases globally. Crude oil prices settled higher on Monday on the bac.....
Will crude oil continue its rally in 2022?
December 31, 2021 01:34 AM EST| 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 30, 2021 10:38 PM EST| 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 29, 2021 11:14 PM EST| 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 29, 2021 09:26 PM EST| 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 28, 2021 10:21 PM EST| 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 23, 2021 08:59 PM EST| 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 19, 2021 09:28 PM EST| 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 14, 2021 08:55 PM EST| 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 13, 2021 09:31 PM EST| 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 07, 2021 09:26 PM EST| 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 01:47 AM EST| 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 05, 2021 08:42 PM EST| 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.....
