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Commodities
Saudi Aramco records best quarterly since listing on higher oil prices
November 01, 2021 01:06 PM AEDT| By Arpit VermaHighlights Saudi Aramco has released its third quarter results ending 30 September 2021. The Company has recorded a net income of US$30.4 billion during the period. The huge profits of Aramco are underpinned by a rapid increase in the prices o.....
Oil tumbles on speculations that Iran's supply will resume soon
October 29, 2021 01:03 PM AEDT| By Arpit VermaHighlights Crude oil prices tumble on Thursday. The prices settle at nearly two-week low levels on speculations that Iran's supply will resume. S. crude stocks rose by 4.3 million barrels in the last week. Crude oil prices tumbled on Thur.....
Oil tumbles on rising US stockpiles
October 28, 2021 01:31 PM AEDT| By Arpit VermaHighlights Crude oil prices tumble on Wednesday. The higher-than-expected rise in the US crude stocks forced investors not to hold long positions in crude oil. At the start of the month, OPEC+ decided to gradually increase the output. Cru.....
Gold price tumbles on firm dollar
October 27, 2021 02:51 PM AEDT| By Arpit VermaHighlights Gold prices tumbled on Tuesday. Prices surpassed the mark of US$1,800 per ounce on Monday, the highest since August 2021. Investors have shifted their interest in equities, dimming the appeal of gold. Gold prices tumbled nearly.....
Crude oil tumbles after hitting record highs
October 22, 2021 12:44 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Winter weather in most parts of the US is expected to be warmer than average. Oil also came under pressure due to a drop in natural gas and coal prices. Crude oil prices tumbled on Thursday.....
Crude oil tumbles as US factory data deepens demand concerns
October 19, 2021 01:36 PM AEDT| By Arpit VermaHighlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter economic growth has been dropped to the lowest level in the year due to power shortages. Crude .....
Crude oil grows on rising energy demand
October 15, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices climbed up on Thursday. The prices of crude oil are boosted by surging natural gas prices. OPEC+ decided to stick to its previous agreement to increase the output by 400,000 bpd per month. Crude oil prices clim.....
Crude oil steadies after recording a mind-blowing rally
October 13, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices were steady on Tuesday after recording a mind-blowing rally. Power prices in various parts of the world surged including Asia and Europe to record high levels. The International Monetary Fund squeezed its growth for.....
Crude oil hits record high levels on skying demands
October 12, 2021 12:49 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The prices rose to record high levels on the back of robust demand and lower supplies due to cutbacks from producing nations. Power prices across the globe surged to record high levels in the past fe.....
Oil falls as the US decides to sell oil from its strategic reserves
October 08, 2021 01:17 PM AEDT| By Arpit VermaHighlights Crude oil prices dipped on Thursday. The US is considering options to sell out oil from its strategic reserves. Crude oil prices have been weighted by a higher-than-expected crude oil inventory in the last week. Crude oil price.....
Iron ore futures dip amid intense emission curbs in China
October 05, 2021 01:15 PM AEDT| By Arpit VermaHighlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the country's steel mills have suspended their operations in September for maintenance. Australia believ.....
Crude oil steadies on China’s plan to buy more oil
October 01, 2021 12:11 PM AEST| By Arpit VermaHighlights Crude oil prices traded nearly flat on Thursday. China plans to buy more oil to meet its rising energy demand. US crude oil inventories have risen with recovery in the Gulf Coast operations. Crude oil prices traded nearly flat .....
Dalian iron ore climbs up on power curbs
September 28, 2021 12:35 PM AEST| By Arpit VermaDalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-rolled coils surged significantly due to production limitations on power curbs. January delivery iron .....
Oil rises on strong demand and tight supplies
September 28, 2021 11:56 AM AEST| By Arpit VermaCrude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery Brent Crude oil futures last traded at US$78.50 per barrel down 0.14%, whereas November delivery W.....
Crude oil prices reach 3-year high on US supply disruptions
September 27, 2021 11:46 AM AEST| By Arpit Vermath supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...
Oil rises on slow supply recovery from the US
September 14, 2021 12:14 PM AEST| By Team Kalkine MediaStock Photo Oil Prices Rise Crude oil prices soared to six-week high on Monday due to slow recovery in the US output, two weeks after Hurricane Ida hit the coast. The prices were additionally lifted by the concern of another storm that could h...
Iceland starts the world’s largest carbon dioxide capturing plant
September 14, 2021 12:11 PM AEST| By Team Kalkine MediaCarbon Dioxide Capture Technology Iceland has started operating the world’s largest plant that captures carbon dioxide from the air and deposits it into the ground. Climeworks AG, a Swiss start-up has teamed up with Iceland’s carbon stor...
Copper prices hit more than one-month high on strong demand
September 13, 2021 01:52 PM AEST| By Team Kalkine MediaHighlights Copper prices reached more than a month high level on Monday. The prices surged on the back of strong demand and tight supplies. Chinese imports of unwrought copper tumbled by 7% in August. Copper prices surged to more than one.....
Oil rises on supply concerns from the US
September 13, 2021 01:48 PM AEST| By Team Kalkine MediaCrude oil prices inched up on Monday during initial trading sessions after tumbling significantly in the last week amid China's plan to release state oil reserves. November delivery Brent Crude oil futures last traded at US$73.45 per barrel up 0.78.....
Nickel prices hit seven-year highs on strong demand
September 10, 2021 01:20 PM AEST| By Team Kalkine MediaNickel on the Periodic Table of The Elements Highlights Nickel hits seven-year highs. Sales of new energy vehicles in China have almost doubled in July. A push for green vehicles has also encouraged automobile companies to expand their operat...
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