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Commodities
Suez Canal Blockage: Dislodging Ever Given Ship Could Take Up To Weeks
March 27, 2021 01:53 AM AEDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Dislodging a 1,300-feet long vessel, weighing two lakh tons, is proving to be quite challenging for the tugboats and diggers. At least US$ 9.6 billion worth of goods passes through the canal ever...
Traders find Silver Lining in the Natural gas price charts?
March 26, 2021 02:45 PM AEDT| By Team Kalkine Mediaing gas in underground storage fell by 11 Bfc for the week ending March 12, 2021. NYMEX Natural Gas Futures (NYME: NGc1) traded in a sharp upward trend from the latter half of June 2020 till October 2020, makinig a series of higher highs and hig...
Oil Prices Retreat Amid Rising Volatility Over Suez Canal Blockage
March 26, 2021 03:17 AM AEDT| By AnujSource: zhengzaishuru, Shutterstock Commodity prices plunged on Thursday morning as the investors tracked the massive oil vessel wedged across the Suez Canal. Oil prices saw a surge of nearly 6 per cent yesterday. As of 10 AM ET on March 25, Crude...
Supreme Court Rules Carbon Tax As Constitutional: All You Need To Know
March 26, 2021 02:59 AM AEDT| By Shreya BiswasSource: Aerial Mike, Shutterstock Summary The Supreme Court of Canada, on Thursday, March 25, greenlit the Trudeau government’s carbon price plan as constitutional. The landmark decision, which came after a 6:3 ruling, gives a vital boos...
Is Black Gold Entering a Bearish Phase?
March 25, 2021 07:27 PM AEDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Recently, WTI Crude Oil plunged on demand concerns due to new pandemic curbs, however reversed sharply after Suez Canal was blocked. Germany and France expected to extend lockdown restrictions du...
Will Egypt's Suez Canal Blockage Impact Canada?
March 24, 2021 09:12 PM AEDT| By AnujSource: Oil and Gas Photographer, Shutterstock Suez Canal, the world’s busiest waterway, went standstill after a gigantic container vessel was stranded on Tuesday, March 23. This blockage may lead to severe disruptions across the global energy...
Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA
March 18, 2021 02:04 AM AEDT| By AnujSource: Anan Kaewkhammul, Shutterstock The International Energy Agency (IEA) has projected that global oil demand will not attain its pre-coronavirus levels until 2023. The agency estimates an average fuel consumption of over 101 million barrels a d...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 09:27 PM AEDT| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
Is oil's bull run here to stay?
March 15, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: pan demin,Shutterstock Summary Crude oil floats near US$70 to start the week amid rising demand and ongoing production cuts from OPEC+. Earlier, Brent crude oil prices took off over US$70 per barrel after an oil facility in Saudi...
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Here’s What 2021 Holds For Canada's Energy Sector?
March 13, 2021 04:00 PM AEDT| By Team Kalkine MediaSource: Haizhen Du, Shutterstock Summary Canada expects a 14 per cent rise in oil investment and upstream gas. A global stance towards new and clean energy resources like lithium, hydrogen and geothermal among others can help the Canadian ener...
Two NYSE-listed stocks benefiting from natural gas price rally
March 09, 2021 08:57 PM AEDT| By Team Kalkine Mediaes are getting crucial support from the Parabolic SAR indicator. The NYMEX Natural gas has climbed almost ~49 percent from its 28 December 2020 low of USD 2.238 to a high of USD 3.316 levels made on 17 February 2021. The analysis of the c...
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Brent crosses US$70/barrel-mark on Ras Tanura missile attacks
March 08, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Anan Kaewkhammul, Shutterstock Summary Brent crude oil prices soared over US$70 per barrel after an oil farm in Saudi Arabia was attacked by a missile on Sunday. Iran-backed Houthis carried out the attacks as a retaliatory move against...
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Tsingshan supply deal slows down Nickel bulls
March 05, 2021 06:29 PM AEDT| By Team Kalkine Mediael prices had rallied in 2020, backed by the global electric vehicle revolution. Copyright © 2021 Kalkine Media Pty Ltd LME nickel tumbled to a three-month low of more than 8% on Thursday, while Shanghai nickel witnessed the steepest fal...
Govt. Aid to Canada Oil Firms Rose During Pandemic, Study Finds
February 27, 2021 08:20 AM AEDT| By Ipsita SarkarSource:William Potter, Shutterstock Summary Aid went to polluting oil fields in Alberta, Saskatchewan, and British Columbia, claims study. The companies were urged to avail federal aid to help pay employee salaries. Government spent $1.9 bill...
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Crude Oil at One Year High; Stocks Under Radar - BP Spon & Exxon Mobil Corp.
February 22, 2021 11:59 AM AEDT| By Team Kalkine MediaIn the last couple of weeks WTI crude oil prices have surged on account of a production cut that was announced by the OPEC+ members coupled with a deep halt in the U.S. South that shut wells and oil refineries in Texas. World crude oil .....
Crude Climbs USD 65 a Barrel, Texas Winter Storms to be Blamed?
February 19, 2021 10:30 AM AEDT| By Team Kalkine MediaBrent crude oil prices are climbing the price ladder on the back of declining production across the United States due to extreme cold weather conditions across Texas, one of the largest oil-producing regions across North America. Brent futures have...
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Berkshire Hathaway Jumps on Crude Oil Bandwagon, Invests in Chevron
February 17, 2021 01:41 PM AEDT| By Team Kalkine MediaThe market oracle, Warren Buffet is now jumping on the oil bandwagon with Berkshire Hathaway investing in Chevron Corporation (NYSE:CVX). The investment by Berkshire Hathaway in Chevron, which started from third quarter last year, has now reached ~ U...
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Why is platinum at multi-year highs?
February 16, 2021 02:35 PM AEDT| By Kunal SawhneyFollowed by the emphatic industrial metals’ price rally on the expectations of global economic improvements, the prices of the Platinum contract hit ~US$1,291 an ounce on 15 February 2021, highest since September 2014. The current platinum p.....
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Why is Copper at a New Seven-Year High?
February 11, 2021 01:12 PM AEDT| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
Will silver repeat the “gold story”?
February 09, 2021 06:10 PM AEDT| By Team Kalkine MediaThe silver price rise has been a sensational story so far. The white metal is trading above US$26 per ounce after 13 years. The price rose to nearly 20% in the last one week. The price movement of silver in 10 years (Image Source: Refinitiv Eiko.....
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