Commodities

An overview of Invictus Energy’s (ASX:IVZ) world-class Mukuyu prospect

  • September 13, 2022 09:57 AM AEST | Manisha
 An overview of Invictus Energy’s (ASX:IVZ) world-class Mukuyu prospect

Highlights,Invictus Energy is engaged in a high-impact exploration program to open one of the last untested large frontier rift basins in onshore Africa – the Cabora Bassa Basin.,The principal asset of Invictus Energy, Special Grant 4571, includes the wor...

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When did gold touch its highest level and why?

When did gold touch its highest level and why?

Gold has an undying presence across markets, be it as a safety net for investors, a source of financial stability or simply as an ornament metal among diverse cultures. Gold’s use case has evolved drastically over the years, with its prestige...

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Crude oil gains on prospects of new Russia sanctions

Crude oil gains on prospects of new Russia sanctions

Highlights Crude oil prices tore heavy losses of the initial trading session on Wednesday. The prices tumbled significantly during the initial sessions on Wednesday after Russia promised to scale down its military operations around Kyiv. the O...

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ILU to IMA: Why are prices of these mineral sand stocks skyrocketing?

ILU to IMA: Why are prices of these mineral sand stocks skyrocketing?

The soaring conflict between Russia and Ukraine has already created chaos in the global commodity market, creating supply shortage concerns. However, the impact of the Russia and Ukraine war is not only confined to this, but things are also raising...

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Commodity wrap-up for the week that was

Commodity wrap-up for the week that was

Highlights Natural gas prices surged by a staggering ~13.44% in the last week. The prices of industrial metals including aluminium, zinc, lead, and palladium also jumped in the last week. Battery metal lithium remained stable during the week w...

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How a boost in Permian oil output can help calm down crude oil markets

How a boost in Permian oil output can help calm down crude oil markets

Highlights The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recovery in worldwide COVID-19 cases and limited supplies, the world is going through an acute fuel shortage....

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How a boost in Permian oil output can help calm down crude oil markets

How a boost in Permian oil output can help calm down crude oil markets

Highlights  The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recovery in worldwide COVID-19 cases and limited supplies, the world is going through an acute fuel sho...

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Crude oil rises on IEA supply warning

Crude oil rises on IEA supply warning

Highlights  Crude oil prices rose on Thursday. The prices were dropped on Wednesday for the fifth time in the last six days as traders reacted to the progress in Russia-Ukraine peace talks. Oil inventories in the US jumped by 4.3 million ...

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Crude oil dips below US$100/bbl on a possible revival of Iran deal

Crude oil dips below US$100/bbl on a possible revival of Iran deal

Highlights Crude oil prices tumbled on Tuesday. Both oil benchmarks reached below US$100/bbl for the first time since late February. As per the technical charts, both oil benchmarks moved to the oversold territory which had been in overbought ...

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Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine tussle

Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine tussle

Highlights Crude oil prices tumbled on Tuesday. The prices extended their last week's decline as Russia is showing signs of its willingness to have a substantive negotiation over Ukraine. The global commodity market is facing headwinds since R...

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Nickel price surpasses US$100,000/t; ASX nickel stocks rise

Nickel price surpasses US$100,000/t; ASX nickel stocks rise

Highlights Nickel prices surged by a massive 65% yesterday, recording one of the most extreme moves in the history of metals. The current surge in the prices of battery metal is a result of escalated tension between Russia and Ukraine. Numerou...

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