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Commodities
Oil tumbles as Iran closes in on nuclear deal finalisation
February 17, 2022 02:32 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Both France and Iran said parties are closer to an agreement to revive the 2015 nuclear deal. Crude oil prices were hovering near seven-year high levels as investors are concerned about the pote.....
Oil tumbles 3% as Russia withdraws some troops from Ukraine
February 16, 2022 01:30 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The substantial drop in the prices came after Russia stated that it has withdrawn some of the military units back to bases. Investors are also eyeing talks between the US and Iran on reviving the.....
Commodity wrap-up for the week that was
February 15, 2022 05:35 PM AEDT| By Arpit VermaHighlights US inflation hit 7.5% in January to reach the highest level since February 1982. Crude oil, the world's largest traded commodity, headed to record substantial weekly gains as the US warned of an imminent Russian invasion of Ukr.....
Oil jumps 2% amid rising tensions between Russia & Ukraine
February 15, 2022 01:48 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. Ukraine's president declared 16 February as a "day of unity". The US has relocated its embassy operations from the capital Kyiv to Lviv. Crude oil prices surged over 2% to reach fresh seven-year.....
Andrew Forrest vs Blue Hydrogen: Why are industry veterans against Hydrogen with fossil fuels?
February 12, 2022 01:27 AM AEDT| By Arpit VermaHighlights Demand for hydrogen has witnessed unprecedented growth in the past few years. The production of blue hydrogen creates a significant amount of carbon dioxide, which is harmful to the environment. Fortescue’s Chairman Andrew For.....
Crude oil rises on Fed rate hike worries
February 11, 2022 02:13 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. A day earlier prices jumped significantly due to a fall in the US crude inventories and high energy demand. Negotiation of the Iran deal is expected to bring more than 1Mbpd of Iranian oil into the.....
EIA ticks up oil price forecast amid falling inventories, geopolitical unrests
February 10, 2022 08:47 PM AEDT| By Arpit VermaHighlights EIA estimates suggest that global oil inventories tumbled in January and commercial inventories in the OECD nations ended the month at 2.68 billion barrels. With thinning concerns related to the spread of the Omicron variant of coron.....
Crude oil rises on falling US crude inventories
February 10, 2022 03:25 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. The US government is trying its best to urgently negotiate a nuclear agreement with Iran, aiming to quickly stabilise oil prices. The revival of the Iran deal could bring more than 1Mbpd of Irania.....
Oil dips more than 2% as indirect talks between the US & Iran proceeds
February 09, 2022 02:10 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The US government is trying hard to urgently negotiate a new nuclear agreement with Iran to quickly cool down the boiling oil prices. The indirect talks between the US and Iran proceed on Tuesday.....
Oil dips on expectations that Iranian oil could cool global supply crisis
February 08, 2022 02:04 PM AEDT| By Arpit VermaHighlights Crude oil prices settled lower Monday. In the last week, the prices of crude oil rallied for the seventh consecutive week. Oil has already gained 20% in 2022. Crude oil prices settled lower on Monday on an indication that nucle.....
Oil rises on supply disruptions amid icy weather in the US
February 07, 2022 01:49 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The prices of both the benchmarks surpassed US$90 per barrel. Icy weather conditions in the US have created concerns related to oil supply disruptions. Crude oil prices further rose on Monday af.....
How miners can use microbes to cut their carbon footprint
February 06, 2022 12:33 AM AEDT| By Arpit VermaHighlights The rising demand for energy transition metals has put an extra burden on the mining sector. The industry is looking for measures to limit environmental footprint while ramping up production. Biotechnology can help the mining indust.....
WTI Crude surpasses US$90/bbl as frigid weather cascades across the US
February 04, 2022 02:16 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. The prices of WTI Crude Oil surpassed US$90 per barrel for the first time since 2014. Bad weather conditions in the US are likely to hamper production. Crude oil prices surged staggeringly on .....
Crude oil rises on OPEC’s decision to boost output
February 03, 2022 02:43 PM AEDT| By Arpit VermaHighlights Crude oil prices inched higher on Wednesday. OPEC and its allies decided to carry forward their plan of increasing the output for the coming months too. The US crude stockpiles tumbled by 1 million barrels in the last week as per th.....
Crude oil remains stable despite speculations of supply boost by OPEC+
February 02, 2022 02:43 PM AEDT| By Arpit VermaHighlights Crude oil prices were stable on Tuesday. Oil watchers are eagerly waiting for the OPEC+ monthly meeting, scheduled on Wednesday to decide the further increase in output. Prices were under some pressure from expectations that the cur.....
Crude oil records biggest monthly gain amid tight supplies
February 01, 2022 03:32 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The significant rise in the prices of crude oil is underpinned by an ongoing supply crunch and political unrest in the Middle East and Eastern Europe. Both the benchmarks have registered sixth straig.....
Crude oil rises on tight supplies and ongoing political unrest
January 31, 2022 02:02 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The significant rise in the prices of crude oil is associated with the geopolitical turmoil worsening concerns related to the supply. Major oil-producing nations across the globe including OPEC and n.....
Crude oil dips after hitting seven-year highs
January 28, 2022 02:55 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Brent crude oil prices hit above US$90 per barrel on Wednesday. threats to the UAE from Yemen's Houthi movement had added concerns to the oil market. Crude Oil prices fell back from seven-y.....
Five uranium stocks to watch out for as energy crisis grips the world
January 25, 2022 08:45 PM AEDT| By Nitish KumarHighlights Uranium prices appreciated more than 50% on a Y-o-Y basis, trading at US$45.05/lb The Kazakhstan unrest is fuelling the price rise as the country produces 40% of the global supply. The ongoing energy crisis in Europe has led t.....
Crude oil falls as Fed plans hikes in interest rates
January 25, 2022 03:44 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Monday. Wall Street stocks slumped to the lowest level since 2020. The possibility of interest rate hikes pushed down equities while the dollar reached a two-week high level. Crude Oil prices tumbled.....
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