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Commodities
Here’s why crude oil is hovering above US$100/bbl?
June 05, 2022 12:00 AM AEST| By Arpit VermaCrude oil prices have likely found a home near the three-digit mark of US$100/bbl. On a yearly basis, the prices of both crude oil benchmarks are currently trading 60% higher compared to the corresponding period last year. Curtailed production fro.....
Will Australia be able to solve gas supply shortage problem anytime soon?
June 03, 2022 02:59 PM AEST| By Akanksha VashishtHighlights Australia’s energy crisis has worsened at a time when the cold climate is disrupting the gas supply. Authorities have brought up talks of pulling the gas trigger, but many believe that it would not be a long-term solution. Lon.....
Oil hits two-month high as China eases COVID-19 restrictions
May 31, 2022 05:56 PM AEST| By Arpit VermaHighlights Crude oil prices soared to two-month high on Monday. The current surge in oil prices has been witnessed after two consecutive weekly gains. China’s economic capital, Shanghai announced to end its two-month-long COVID-19 lockdo.....
How China’s demand expectations impacted commodities last week
May 30, 2022 06:55 PM AEST| By Arpit Vermalast week. Prices of most of the commodities recovered last week. The ease in COVID-19 related restrictions in China, coupled with strengthening market fundamentals and robust demand for commodities against a tightening market backdrop has trig....
How is chip shortage impacting various manufacturing industries?
May 30, 2022 05:37 PM AEST| By Akanksha VashishtHighlights The chip and semiconductor industries have observed a massive slowdown due to supply-chain snags. Consumer demand for electronic devices gathered pace as soon as restrictions were lifted. The supply of chips and semiconductors might.....
Oil rises on peak US demand amid Memorial Day weekend
May 30, 2022 02:13 PM AEST| By Arpit VermaHighlights Crude oil prices jump on Monday. With global supplies lagging to meet demand, the worldwide oil market is anticipated to remain undersupplied. Hungary has held up the EU's sixth package of sanctions against Russia over its invasion .....
Global oil crisis: A double-edged sword
May 29, 2022 12:15 AM AEST| By Arpit Vermargy crisis. The global oil crisis has intensified ever since Russia officially announced Ukraine invasion. Russia is a key crude oil supplier, accounting for nearly 10% of the world's total supplies. In response to the unilateral military action...
Why Aussies' power bills are set to go through the roof
May 27, 2022 01:13 PM AEST| By Akanksha VashishtRising energy costs have rung alarm bells across Australia, fuelling speculations that power bills are all set to increase in the country. Most Aussies are already facing tough economic conditions, where managing finances has become a herculean tas.....
Here’s how commodities performed this May
May 25, 2022 07:29 PM AEST| By Arpit VermaSo far, Commodity markets have been volatile in May. The prices of most of the commodities ended in green until last week. Tight supplies coupled with easing of COVID-19 restrictions in Shanghai, has provided some optimism bringing back commodities.....
MGX, LCY, GRR: 3 ASX stocks in focus as India jacks up iron ore export duty
May 25, 2022 05:56 PM AEST| By Arpit VermaBenchmark iron ore futures in China surged around 7% on Monday, recording the biggest intraday gain in the last two and half months. The staggering rise in the prices of iron ore was seen after India increased export duties on various commodities t.....
Oil rises on tight supplies and weaker US dollar
May 23, 2022 05:37 PM AEST| By Arpit VermaHighlights Crude oil prices jump on Monday. A tight gasoline market amid a solid demand due to the peak US driving season has additionally buoyed the global crude oil prices. Lockdown in the world's biggest crude oil-consuming nation China has.....
What measures is Australia taking to rev up critical minerals sector?
May 21, 2022 12:15 AM AEST| By Nitish KumarWith the world raring to accelerate its transition into a new electric era, there is a heightened need for more critical minerals. Critical minerals have become the backbone of the modern world, and the economic well-being of a nation depends immen.....
STO to BPT: How have ASX oil stocks fared amid a flip-flop in oil prices?
May 19, 2022 07:30 PM AEST| By Arpit VermaHighlights Crude oil prices had tumbled on Wednesday with ease in future supply concerns but recovered on Thursday. Over the past week, benchmark WTI crude oil futures recorded a drop of 1.23%, while Brent crude remained nearly stable. Share p.....
NST to EVN: ASX gold stocks on radar as yellow metal’s prices shoot up
May 19, 2022 12:00 AM AEST| By Arpit Vermarest rates. Gold prices rose on Wednesday amid a weakening dollar and US Federal Reserve chief Jerome Powell’s aggressive stance on inflation. A weaker dollar enhances the appeal of bullion and makes it attractive for buyers who hold other...
Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand
May 17, 2022 03:10 PM AEST| By Arpit VermaHighlights The prices of both crude oil benchmarks gained more than 3.26% during the last week. Gold and silver logged a significant drop in their prices in the last week. The prices of base metals including copper, aluminium, and iron ore als...
Commodity wrap-up for the week that was
May 10, 2022 05:02 PM AEST| By Arpit VermaHighlights Prices of both crude oil benchmarks have gained in the last week by more than 5.55%. The bullion has jumped 0.24% while silver has dropped significantly in the last week. Prices of base metals, including copper, aluminium and iron o.....
Oil rises on mounting future supply concerns
May 09, 2022 01:26 PM AEST| By Arpit VermaHighlights Crude oil prices rose nearly 1.5% on Friday. The EU is tweaking its sanctions plan, hoping to win over reluctant states and secure support from the 27 member countries. In the last week, crude oil prices dropped significantly after .....
What is Australia doing to build a battery supply chain?
May 08, 2022 12:06 AM AEST| By Nitish Kumarl industry. Australia is a mineral-rich country with mining operations across all states. The mining industry of the country is fairly advanced and contributes around 10% of the total GDP. Moreover, the mining industry offers direct employment o...
Oil rises 5% on EU's Russian oil ban proposal
May 05, 2022 02:44 PM AEST| By Arpit VermaHighlights: Crude oil prices rose nearly 5% on Wednesday. The fear of future supplies has weighted the concerns related to lower demand in China amid prolonged lockdowns. Both crude oil benchmarks have risen steadily in the last two months aft.....
Why is EU split on Russian oil ban?
May 05, 2022 05:00 AM AEST| By Arpit VermaIn an effort to cut down on Russian funding sources, the European Commission (EC) is expected to propose a sixth sanction this week against Russia in response to its invasion of Ukraine. The sanctions may also include an embargo on Russian oil. Uk.....
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