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Commodities
Millions Living In Dark As US Energy Crisis Intensifies
February 16, 2021 09:26 AM EST| By Team Kalkine Mediaannounces emergency aid as Weather Dept. says cold condition to remain for next few days. Millions of people in the US were facing prolonged blackouts and heating fuel shortage amid an unprecedented cold blitz that swept through North America, ....
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Why is platinum at multi-year highs?
February 15, 2021 10:35 PM EST| 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 10, 2021 09:12 PM EST| 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 02:10 AM EST| 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.....
U.S. EIA Anticipates Crude Oil Production to Surpass 2019 Peak
February 07, 2021 10:33 PM EST| By Kunal SawhneyThe United States Energy Information Administration (EIA) anticipates the U.S. crude oil production to rebound to another record high in 2023 after taking a toll from the COVID-19 outbreak. Source: Copyright © 2020 Kalkine Media Pty Ltd Glob...
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Crude Oil Rally Continues on Declining US Stockpile
February 05, 2021 04:24 AM EST| By Team Kalkine MediaThe latest Energy Information Administration (EIA) report with crude oil stockpile data has sparked celebrations across the oil industry. The trend in the weekly inventory data has highlighted a drawdown in the levels. Connecting the dots between t.....
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Crude Oil Prices Stall, Will the Northward Move Continue?
February 02, 2021 08:01 PM EST| By Team Kalkine MediaCrude oil price rally has stalled with prices of Brent crude oil futures trading in a range of USD 55.00 to USD 57.50 per barrel. The surge in prices witnessed over the past couple of weeks could be primarily linked to the production cut as announce...
Silver Surge Continues, Riding High on Reddit Mania
February 01, 2021 10:09 AM EST| By Hina ChowdharyA global surge in silver prices refused to abate on Monday fueled by the frenzy traders on Reddit. After targeting some less-popular stocks for short-squeeze last week, raising unusual volatility in the North American markets, these traders.....
Gold Had A Terrific 2020; How Did Platinum Fare?
January 30, 2021 08:33 AM EST| By Kunal SawhneyThe emphatic gold rally was seen at the start of 2020 in various parts of the world because of its limited supply and high demand as a safe-haven investment. COVID-19-driven lockdowns induced financial droops, globally, which further added.....
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 27, 2021 10:48 PM EST| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
IEA Slashes Global Oil Demand For 2021 Over Renewed Lockdowns
January 19, 2021 11:38 AM EST| By Team Kalkine MediaThe International Energy Agency (IEA) has cut down its previous estimates for global oil demand due to the fresh wave of COVID-19-led lockdowns. The international agency reduced the projected global oil demand growth for the present quarter by 600.....
How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?
January 15, 2021 01:20 AM EST| By Kunal SawhneyThe Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian.....
Crude oil bulls stare at USD 60 a barrel, forecasts and estimates you should know
January 13, 2021 07:45 PM EST| By Team Kalkine MediaCrude oil prices are inching up smartly with prices of Brent crude oil futures nearing the 11-month high of USD 60.0 a barrel. Image Source: © kalkine Group 2020 Trend shifts as consumption picks steam The shift in the global demand and sup...
Oil Price At 11-Month High As Dollar Weakens & Saudi Output Cut Plans
January 12, 2021 09:42 AM EST| By Kunal SawhneyOil prices jumped to a 11-month high as the US dollar weakened in the early hours of Monday, January 12. Brent oil price surged 1.60 per cent to US$ 56.55 per barrel, while the Crude Oil West Texas Intermediate (WTI) Futures soared as much as 1.61 .....
Gold price loses sheen as US govt bond yields shoot up
January 08, 2021 10:56 PM EST| By Team Kalkine MediaThe yellow metal lost some of its shine on Friday as gold slumped on the bullion market by over 3.4%, as the US presidency risks faded away and the US government bond yield grew to its highest level since March 2020. The toll on the gold price soon.....
First Quantum (TSX:FM) & Lundin: Copper Stocks Rise As Metal Price Hits 8-Yr High
January 08, 2021 07:19 AM EST| By Kunal SawhneySummary First Quantum’s stock has swelled almost 106 per cent in the last three months, driven by the copper price rally. Units of Lundin Mining Corp have soared as much as 61 per cent in the same period. Both the copper stocks have made.....
Gold breaking out of slumber, what are charts saying?
January 07, 2021 08:30 AM EST| By Team Kalkine MediaGold has been under a crabwalk for a while with economic situations around the globe taking a turnaround with the rollout of COVID-19 vaccine. The spot market has been stuck in a range for quite a while; however, after a period of slow moves, gold ha...
Crude Oil Rallies to 10-Month High After Production Cut Decision
January 05, 2021 09:30 PM EST| By Hina ChowdharyThe oil producer group OPEC+ concluded a meeting over oil production levels in coming months on Tuesday, 5 January 2021. The resurgence of new strains of COVID-19 virus in different parts of the world is spooking oil producers. In a recent developm.....
Will 2021 Bring Respite for Last Year’s Worst Performing Commodities?
January 05, 2021 12:43 AM EST| By Team Kalkine Media2020 was the year of commodities. The broad segments of industrial, precious and energy commodities witnessed the consumption-demand shock, on the back of widespread lockdown measures and reduced industrial activities during the year. The price of.....
Commodities Gaining Strength from the Green Energy Drive
January 04, 2021 01:58 AM EST| By Team Kalkine MediaThe green ambition finally seems to be picking some pace and might emerge as a major theme for the year 2021 with Biden sweeping away the election result with Green Energy being one of his moot points. The green energy space might also get highlight...
