Commodities

Nickel prices are under pressure after a steep rally, what are the charts indicating?

March 30, 2021 09:00 AM AEDT| By Team Kalkine Media

Source:Evgeny_V, Shutterstock Summary Recent fall in SHFE Nickel price backed by demand concerns arising due to slow economic recovery from the pandemic. SHFE Nickel has broken the rising channel support on the daily chart. Now, the Nickel pr...

Are Gold and Silver Losing shine?

March 29, 2021 02:51 PM AEDT| By Team Kalkine Media

Source: Olivier Le Moal, Shutterstock Summary Gold gave its first quarterly negative returns since September 2018. The rising bond yields & strengthening of the US dollar acting as a primary catalyst for the decline in precious metals...

Oil Price Volatility: Is Commodity Super Cycle Out of Order?

March 28, 2021 12:38 AM AEDT| By Team Kalkine Media

Source: Red ivory, Shutterstock Summary Oil prices have increased at a steady pace this year, with WTI Crude Oil price recording a gain of over 20 per cent. Heightened volatility in the oil prices this week has again sparked discussions around t...

How will energy green revolution headwinds sway the oil exporters?

March 28, 2021 12:19 AM AEDT| By Team Kalkine Media

/li> Lower crude oil prices may be a positive sign for the green revolution. Copyright © 2021 Kalkine Media Pty Ltd Despite the economic slump of 2020, the use of renewable energy has increased substantially in the past year. A rebound...

Suez Canal Blockage: Dislodging Ever Given Ship Could Take Up To Weeks

March 27, 2021 01:53 AM AEDT| By Team Kalkine Media

Source: 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 Media

ing 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 Anuj

Source: 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 Biswas

Source: 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 Media

Source: 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 Anuj

Source: 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...

Do you know these exciting lithium projects geared-up to fuel EV revolution?

March 18, 2021 01:31 PM AEDT| By Team Kalkine Media

Source: Jason Benz Bennee,Shutterstock Summary The global move towards green energy sources and sustainable development has boosted the 2020 electric vehicle (EV) revolution. Lithium, Nickel and Cobalt are the main components of a Lithium-Ion...

Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA

March 18, 2021 02:04 AM AEDT| By Anuj

Source: 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...