Commodities

Hurricane Ida aftermath, oil spill and production disruption in US Gulf Coast
September 07, 2021 12:15 PM AEST| By Arpit VermaThe Bureau of Safety and Environmental Enforcement (BSEE) stated that the US offshore energy production continues to struggle to get back on track even after a week since Hurricane Ida made landfall in Gulf of Mexico. Source: Copyright © 20.....

Crude oil dips followed by Saudi's decision to cut prices for the Asian market
September 07, 2021 11:26 AM AEST| By Team Kalkine MediaConcept Of Falling Oil Prices Highlights Crude oil prices dropped on Monday. Saudi Aramco notified its customers to reduce the October selling price for Asian markets. The demand for crude in the Asian market has been suffering due to the ris...

Oil slips on weaker than expected US job report
September 06, 2021 11:22 AM AEST| By Team Kalkine MediaHighlights Crude oil prices edged lower on Monday. The US Gulf of Mexico’s production tumbled after Hurricane Ida. The US records a weaker US job report. Crude oil prices inched lower on Monday followed by a weaker than expected US .....

Iron ore tumbles on expectations of steel production curbs in China
September 02, 2021 11:32 AM AEST| By Team Kalkine MediaHighlights China is limiting the production of steel to restrict its greenhouse emission as a part of its long-term goal to become carbon-neutral. The prices of iron ore are trading slightly above the nine-month low levels on the back of lower .....

3 key factors that could influence crude oil price in near term
August 31, 2021 12:45 PM AEST| By Nitish KumarHighlights COVID-19 cases are surging in Europe and the US, triggering another round of restrictions and lockdowns. Crude oil price is highly volatile and depends on various factors ranging from demand and supply to geopolitical issues. The US.....

Five reasons why Gold isn't going up anymore
August 25, 2021 07:29 PM AEST| By Arpit VermaGold prices crossed US$1,800 per ounce after gaining nearly 1.4% on Monday, on indications that the US Federal Reserve might delay plans to cut economic stimulus packages. So far in 2021, gold has given a negative return of 5.38%. &n.....

Top 5 commodities to watch for investment
August 22, 2021 12:35 AM AEST| By Team Kalkine MediaPrices of commodities have reached new heights in 2021. Higher demand with supply glut drove prices of leading commodities. Higher prices are encouraging more investment into commodities. Investors are putting money in the commodity market for futu.....

Is energy market in a commodity bubble, or are fundamentals supporting prices?
August 17, 2021 10:00 AM AEST| By Nitish KumarElectric vehicles are gaining popularity worldwide as they have evolved technologically to offer better range at competitive prices without compromising on looks or features. Interestingly, the first electric car dates back to the 1800s and first o.....

Joe Biden urges OPEC+ to increase oil production to curb rising prices
August 12, 2021 05:04 PM AEST| By Nitish KumarSummary White House has called on OPEC+ to bolster crude oil production to ease the pressure of rising fuel prices. The soaring gasoline prices are proving to be a hindrance to the economic recovery worldwide. The oil cartel had put a producti.....

How has 2021 treated major commodities? A snapshot of their price swings
August 02, 2021 07:51 PM AEST| By Arpit VermaSummary The outbreak of coronavirus in 2020 stirred chaos in the global commodity market, disrupting the supply chains and demand. Crude oil prices have recovered more than 70% in the past one year amid improvement in demand and significant sup.....

How is Australia contributing to global cobalt supply?
July 26, 2021 01:00 PM AEST| By Team Kalkine MediaSummary Cobalt is an integral material in batteries used in electric vehicles and other portable devices. The Democratic Republic of Congo (DRC) is the main supplier of cobalt, while Russia and Australia account for significant supplies. There.....

Going for gold? Here are five ways you can invest in the yellow metal
July 23, 2021 05:49 PM AEST| By AkshaySummary As per the June edition of Australia’s Resource and Energy Quarterly (REQ) report, the demand for physical gold, which includes jewellery, gold coins and bars, surged by as much as 52% y-o-y to 477 tonnes during the March quarter o.....

Where in Australia do miners extract gold from?
July 22, 2021 01:10 PM AEST| By Team Kalkine MediaSummary Gold is extensively used for the manufacturing of computer chips, spacecraft, jet engines, communication equipment, and jewellery. Most of the world's gold demand is fulfilled by mine production whereas a significant proportion comes fr.....

Why are coal prices at decade highs?
July 21, 2021 07:46 AM AEST| By Team Kalkine MediaSummary Coal prices have hit record high levels with the prices gaining more than 76% in a year. Robust demand for electricity amid rising temperatures in China is boosting the prices. Adverse weather conditions are disrupting the supply chain.....

How is artificial intelligence used in the mining industry?
July 20, 2021 05:44 PM AEST| By Team Kalkine MediaArtificial Intelligence (AI) is geared up to define the future technology and can ease our lives enormously. The ability of machines to execute human-like tasks such as learning, planning, and reasoning has already brought enormous changes in socie.....

Four famous commodity experts whose opinion matters
July 17, 2021 04:36 AM AEST| By Team Kalkine MediaSummary Analysts actively evaluate and give their recommendations to buy or sell or hold a stock On a broader scale, there are two types of analysts – buy-side and sell-side. Buy side analysts research companies to zero in on investment .....

Oversupply fears drag Crude oil prices; 3 ASX oil stocks under lens
July 16, 2021 08:17 PM AEST| By Nitish KumarSummary OPEC and U.A.E reached a truce when latter’s demand to boost oil supply got a nod from the member nations. Oil prices slipped amidst fear of an increase in supply; WTI futures dropped to ~US$71/bbl while Brent August contract trad.....

What is Lachlan Fold Belt and who are the major operators there?
July 16, 2021 02:41 PM AEST| By Team Kalkine MediaSummary The Lachlan Fold Belt (LFB) is located in New South Wales and is deemed one of the most sought-after mining regions in Australia. The region has a high potential for porphyry copper-gold deposits, and its prospectivity is only increasin.....

AEMO Chief eyes 100% green energy by 2025
July 14, 2021 02:30 PM AEST| By Nitish KumarSummary AEMO head has put forward an ambitious goal of reaching 100% grid capacity through renewables by 2025. Good wind speed and bright and sunny days throughout the year are considered to be the biggest threat to the goal In the last two mo.....

Which cryptocurrency has highest trading volume?
July 14, 2021 08:00 AM AEST| By Team Kalkine MediaWhen cryptocurrencies were at peak levels, many new and old investors pumped in funds into them. As a result, experiments like trading art pieces and Zed runs, or digital horse races have been quite popular this year. But, now cryptocurrency tradin.....

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