Commodities
Are rising Crude Oil Prices a concern for energy hungry nations?
April 03, 2021 06:37 AM PDT| By AkshaySource: Anan Kaewkhammul, Shutterstock Summary The Brent crude oil futures surged to US$63.79 a barrel on 1 April 2021 at 6:22 PM AEDT. The slower vaccine roll-outs and the imposition of lockdowns in France and other European nations may affec...
How are battery metals Lead and Zinc poised on charts
April 01, 2021 12:52 AM PDT| By Team Kalkine Mediane in January 2021 and since then trading below the breakout level. Lead Futures (SHFE: SPBc1) prices are trading above an upward sloping trend line (orange color line in the below chart) for the past 1 year, indicating an uptrend for the commod...
Why these two ASX Gold Mining stocks are sprinkling glitter?
March 31, 2021 01:00 AM PDT| By Team Kalkine MediaSource: Phawat, Shutterstock Summary Newcrest Mining and Resolute Mining are among the hot stocks of the day after both the companies released significant updates. Newcrest has announced the initial Mineral Resource for Red Chris, whereas Reso...
Australian iron ore exports to hit record levels in 2020-21: Govt report
March 29, 2021 06:20 PM PDT| By Team Kalkine MediaSource: Andriy Solovyov, Shutterstock Summary Recovery in steelmaking to aid Australian iron ore exports, expected to hit the A$136-billion mark. New mines/expansion of mines in Western Australia to drive volumes as key miners, including...
Nickel prices are under pressure after a steep rally, what are the charts indicating?
March 29, 2021 03:00 PM PDT| By Team Kalkine MediaSource:Evgeny_V, Shutterstock Summary Recent fall in SHFE Nickel price backed by demand concerns arising due to slow economic recovery from the pandemic. SHFE Nickel has broken the rising channel support on the daily chart. Now, the Nickel pr...
Are Gold and Silver Losing shine?
March 28, 2021 08:51 PM PDT| By Team Kalkine MediaSource: Olivier Le Moal, Shutterstock Summary Gold gave its first quarterly negative returns since September 2018. The rising bond yields & strengthening of the US dollar acting as a primary catalyst for the decline in precious metals...
Oil Price Volatility: Is Commodity Super Cycle Out of Order?
March 27, 2021 06:38 AM PDT| By Team Kalkine MediaSource: Red ivory, Shutterstock Summary Oil prices have increased at a steady pace this year, with WTI Crude Oil price recording a gain of over 20 per cent. Heightened volatility in the oil prices this week has again sparked discussions around t...
How will energy green revolution headwinds sway the oil exporters?
March 27, 2021 06:19 AM PDT| By Team Kalkine Media/li> Lower crude oil prices may be a positive sign for the green revolution. Copyright © 2021 Kalkine Media Pty Ltd Despite the economic slump of 2020, the use of renewable energy has increased substantially in the past year. A rebound...
Suez Canal Blockage: Dislodging Ever Given Ship Could Take Up To Weeks
March 26, 2021 07:53 AM PDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Dislodging a 1,300-feet long vessel, weighing two lakh tons, is proving to be quite challenging for the tugboats and diggers. At least US$ 9.6 billion worth of goods passes through the canal ever...
Traders find Silver Lining in the Natural gas price charts?
March 25, 2021 08:45 PM PDT| By Team Kalkine Mediaing 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 25, 2021 09:17 AM PDT| By AnujSource: 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 25, 2021 08:59 AM PDT| By Shreya BiswasSource: 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 01:27 AM PDT| By Team Kalkine MediaSource: 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 03:12 AM PDT| By AnujSource: 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 17, 2021 07:31 PM PDT| By Team Kalkine MediaSource: 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 17, 2021 08:04 AM PDT| By AnujSource: 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...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 03:27 AM PDT| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
Is oil's bull run here to stay?
March 14, 2021 07:15 PM PDT| By Team Kalkine MediaSource: pan demin,Shutterstock Summary Crude oil floats near US$70 to start the week amid rising demand and ongoing production cuts from OPEC+. Earlier, Brent crude oil prices took off over US$70 per barrel after an oil facility in Saudi...
Here’s What 2021 Holds For Canada's Energy Sector?
March 12, 2021 09:00 PM PST| By Team Kalkine MediaSource: Haizhen Du, Shutterstock Summary Canada expects a 14 per cent rise in oil investment and upstream gas. A global stance towards new and clean energy resources like lithium, hydrogen and geothermal among others can help the Canadian ener...
Five cash-rich EV Stocks delivering Dividend Bonanza
March 11, 2021 01:11 AM PST| By Team Kalkine MediaSource: nrqemi, Shutterstock Summary Dividend stocks offer good capital gains and provide regular income to investors. Investors made a beeline for Electric Vehicle (EV) amid blockbuster growth in 2020. These ASX-listed stocks are believed to...