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Commodities
Gold surpasses US$1,800 mark on inflation worries
October 26, 2021 02:05 PM AEDT| By Arpit VermaHighlights Gold prices inched higher on Monday. Prices surpassed the mark of US$1,800 per ounce, the highest since August 2021. Investors are now focusing on the follow-up US Fed meeting is planned for 2-3 November. Gold prices inched hig.....
Crude oil rallies on robust demand and tight supply
October 26, 2021 12:26 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. OPEC+ adheres to its plan for gradually increasing the output. US crude inventories tumbled to three-year lows amid skyrocketing energy demand. Crude oil prices rallied on Monday to reach multi-.....
Commodity wrap-up for the week that was
October 25, 2021 08:52 PM AEDT| By Team Kalkine MediaAs per the World Bank's Commodity Markets Outlook, the energy prices are anticipated to average 80% higher in 2021 compared to last year. Moreover, many financial institutions expect the energy prices to remain higher until the first half of 2022 a.....
Oil hovers near multi-year highs on strong demand
October 25, 2021 02:07 PM AEDT| By Arpit VermaHighlights Crude oil is trading near multi-year high levels. OPEC+ agreed to adhere to their original plan to boost the output by 400,000 bpd per month. Higher coal and gasoline prices have additionally boosted oil prices. Crude oil trade.....
Mineral Resources (ASX:MIN) plans to resume Wodgina lithium operations
October 25, 2021 01:27 PM AEDT| By Arpit VermaHighlights Mineral Resources (ASX:MIN) plans to resume its operations at the Wodgina lithium mine. The Wadgina mine is located in the Pilbara region of Australia and is jointly owned by MIN and Albemarle Corp. The prices of lithium skyrocketed.....
Coal futures in China tumbles after recording multi-year highs
October 22, 2021 01:43 PM AEDT| By Arpit VermaThermal coal futures in China tumbled for the consecutive third evening session on Thursday after the government have given signals that it may intervene to cool the skyrocketing prices and ease the global power crunch. The country is pushing coal.....
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 rallies on robust demand recovery and fall in the US stocks
October 21, 2021 12:10 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. OPEC+ sticks to its plan for gradually increasing the output amid stronger demand for petroleum products. US crude inventories tumbled to three-year lows amid skyrocketing energy demand. Crud.....
Vale SA plans to lower its iron ore output amid lower prices
October 20, 2021 02:59 PM AEDT| By Arpit VermaHighlights Vale SA plans to slow down the production of low-margin iron ore in the fourth quarter by nearly 4Mt. The significant decision of the miner came into play after a collapse in iron ore prices in China. Vale had produced 89.42Mt iron .....
Oil hovers near multi-year highs amid ongoing energy crunch
October 20, 2021 02:39 PM AEDT| By Arpit VermaHighlights Crude oil rises on Tuesday. Brent crude hovered near US$85 per barrel. Fast recovery from the pandemic has increased global demand. Crude oil prices climbed up on Tuesday to trade near multi-year highs due to rising energy dema.....
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 .....
Asian jet fuel margins recover as authorities lift cross border travel restrictions
October 18, 2021 01:42 PM AEDT| By Arpit VermaHighlights Jet refining margins in Asia jumped to their highest levels in October due to a solid recovery in air travel in the region. Jet refining margins in Europe have surged to the levels last seen in the first quarter of 2020. Jet fuel wi.....
Oil hits multi-year highs on supply deficit forecasts
October 18, 2021 12:25 PM AEDT| By Arpit VermaHighlights Brent Crude oil prices reached three-year highs while WTI reached a level last seen in 2014. The demand for crude oil has boosted with a solid recovery from the COVID-19 pandemic. The US has stated that it will lift the COVID-19 tra.....
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.....
Here’s how skying fuel prices are triggering global power crisis
October 12, 2021 11:38 AM AEDT| By Arpit VermaVarious countries across the globe are facing an acute power crisis as the supply of coal, natural gas, and other energy sources are failing to fulfil the burgeoning electricity demand. Prices of natural gas have increased manifolds to reach multi-.....
Indian ministry says it has ample coal stocks to lit power plants
October 11, 2021 02:38 PM AEDT| By Arpit VermaHighlights Indian coal ministry stated that it has ample coal stocks in its reserves to fulfill the demand for the power sector. The shortage of coal has created a supply crunch of fuel in various eastern and northern states of the country. Th.....
US crude hits 7-year highs amid higher gas-to-oil switching
October 11, 2021 02:02 PM AEDT| By Arpit VermaHighlights Crude oil prices further rose on Monday. The prices have recorded significant gains during the last week. Oil’s rally is underpinned by soaring gas prices. OPEC+ decided to increase the output gradually. Crude oil prices.....
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.....
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