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Commodities
Oil rises on strong demand and tight supplies
September 27, 2021 06:56 PM PDT| By Arpit VermaCrude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery Brent Crude oil futures last traded at US$78.50 per barrel down 0.14%, whereas November delivery W.....
Crude oil prices reach 3-year high on US supply disruptions
September 26, 2021 06:46 PM PDT| By Arpit Vermath supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...
Global steel production tumbles in August on China’s environmental concerns
September 23, 2021 07:44 PM PDT| By Arpit VermaHighlights Global steel production tumbled in August 2021. China curbed its steel production on environmental concerns. Japan India and the US recorded a jump in their output during August. Global steel production tumbled by nearly 1.4% y.....
Brent crude hits 2-month high level on supply concerns
September 23, 2021 05:53 PM PDT| By Arpit VermaHighlights Brent Crude oil prices surged to two-month highs on Thursday. Strong demand and limited supply are pushing the prices to record highs. Brent Crude oil prices surged to two-month highs on Thursday on the back of robust demand and.....
What made Copper futures rebound today?
September 22, 2021 06:47 PM PDT| By Arpit VermaHighlights Copper prices climb up on Wednesday. Evergrande decided to pay interest on a domestic bond. Copper futures hit record highs during May 2021. Copper prices climbed up nearly 4% on Wednesday on relief that China's Evergrande woul.....
What made oil prices edge up today?
September 22, 2021 06:44 PM PDT| By Arpit VermaHighlights Crude oil rises on Wednesday. US crude stocks tumbled to their lowest level in the last three years. Oil facilities in the US Gulf of Mexico have resumed their operations. Crude oil prices inched higher on Wednesday on the back.....
Indonesia launched new steel plant amid skyrocketing steel prices
September 21, 2021 06:56 PM PDT| By Arpit VermaHighlights Indonesia has inaugurated a new 1.5Mt annual output capacity steel plant. The new steel plant is designed to produce hot-rolled coils. Steel prices are currently touching sky highs due to production curbs in China. Joko Widodo,.....
Oil rises as investors are concerned about growing oil demand and supply gap
September 21, 2021 05:57 PM PDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The oil demand is improving as the world recovers from coronavirus. API data suggests that U.S. crude oil, distillate, and gasoline tumbled last week. Crude oil prices rose on Tuesday as big OP.....
What’s fueling the uranium bull run?
September 21, 2021 12:22 AM PDT| By Arpit VermaThe prices of uranium surged to nine-year highs last week, surpassing the US$50-per-tonne mark. The significant rise in raw uranium prices, which is also known as yellowcake, is underpinned by an imbalance in the market equilibrium. The price hike .....
Magnesium hits 13-year highs on China’s environmental concerns
September 20, 2021 08:05 PM PDT| By Arpit VermaThe International Magnesium Association stated on Monday that the prices of magnesium have rallied to their highest level in the last 13-years in Europe and are expected to rise further before coming to a normal level by the end of the first h.....
Oil dips on rising US dollar
September 20, 2021 06:05 PM PDT| By Arpit VermaHighlights Crude oil prices dipped on Monday. Oil prices got support from disrupted US supply followed by two hurricanes. Crude oil has grown significantly in the last one year. Crude oil prices tumbled nearly 2% on Monday due to the rise.....
Nickel hits seven-year highs on strong demand and tight supplies
September 19, 2021 09:04 PM PDT| By Arpit VermaNickel prices surged to seven-year high levels on Friday due to supply concerns followed by the Indonesian government is looking at taxes on the ingredients used in steel manufacturing. The prices of metal used heavily in the production of electric.....
Oil falls on US crude oil recovery
September 19, 2021 08:58 PM PDT| By Arpit VermaHighlights Crude oil dips on Monday. US operations resumed production. Oil recorded a 3% weekly gain in the last week. Crude oil prices inch lower on Monday after registering a 3% weekly gain in the last week. The prices tumbled as oil an.....
Oil rises on higher-than-expected drawdown in the US crude inventories
September 15, 2021 05:46 PM PDT| By Team Kalkine MediaHighlights Crude oil climbs up on Wednesday. The government data shows a higher-than-expected drawdown in the US crude inventories. The US crude stocks tumbled to the lowest level since September 2019. Crude oil prices climbed by more tha.....
Australia gains top spot in gold production; overtakes China for the first time
September 15, 2021 05:21 PM PDT| By Mohammad ZaidAustralian gold miners have turned the corner around challenging times and helped the country in setting a new production record. Higher output by Australia’s major miners during the first half of 2020 helped the country surpass China as the .....
Crude oil trades flat as tropical storm Nicholas hit Texas
September 14, 2021 06:04 PM PDT| By Team Kalkine MediaCrude oil traded nearly flat on Tuesday due to tropical storm Nicholas that hit the coast of Texas bringing heavy rain and power outages in the region. November delivery Brent Crude oil futures last traded at US$73.94 per barrel up 0.08%, whereas O.....
Oil rises on slow supply recovery from the US
September 13, 2021 07:14 PM PDT| By Team Kalkine MediaStock Photo Oil Prices Rise Crude oil prices soared to six-week high on Monday due to slow recovery in the US output, two weeks after Hurricane Ida hit the coast. The prices were additionally lifted by the concern of another storm that could h...
Iceland starts the world’s largest carbon dioxide capturing plant
September 13, 2021 07:11 PM PDT| By Team Kalkine MediaCarbon Dioxide Capture Technology Iceland has started operating the world’s largest plant that captures carbon dioxide from the air and deposits it into the ground. Climeworks AG, a Swiss start-up has teamed up with Iceland’s carbon stor...
Copper prices hit more than one-month high on strong demand
September 12, 2021 08:52 PM PDT| By Team Kalkine MediaHighlights Copper prices reached more than a month high level on Monday. The prices surged on the back of strong demand and tight supplies. Chinese imports of unwrought copper tumbled by 7% in August. Copper prices surged to more than one.....
Oil rises on supply concerns from the US
September 12, 2021 08:48 PM PDT| By Team Kalkine MediaCrude oil prices inched up on Monday during initial trading sessions after tumbling significantly in the last week amid China's plan to release state oil reserves. November delivery Brent Crude oil futures last traded at US$73.45 per barrel up 0.78.....
