Commodities

Shining in times of crisis: How gold prices reacted during major wars
February 24, 2022 01:56 PM AEDT| By Nitish KumarHighlights Gold is, once again, in the limelight as the world is gripped by high inflation and ongoing tensions between Russia and Ukraine. Gold has been seen as a ‘safe haven’ during dire economic situations. Prior to World War II.....

Oil steadies as the US is unlikely to impose sanctions on Russian oil flows
February 24, 2022 01:52 PM AEDT| By Arpit VermaHighlights Crude oil prices steadied on Wednesday. The prices hovered near US$100/bbl on Tuesday, reaching the highest level since 2014. Australia plans to tap its oil stockpiles held in the US in coordination with other International Energy A.....

Crude oil hits US$99.50/bbl as Ukraine crisis intensifies
February 23, 2022 09:08 PM AEDT| By Arpit VermaHighlights Brent Crude Oil prices rose as high as US$99.50 a barrel on Tuesday, with prices settling near 2014 highs. The significant rise in the prices came after several western nations announced the initial stage of sanctions on Russia. Mar.....

Oil hovers near US$100/bbl as the US announces Russian sanctions
February 23, 2022 02:14 PM AEDT| By Arpit VermaHighlights Crude oil prices hover near US$100/bbl on Tuesday. Russian force killed a group of five saboteurs on Monday who breached Russia’s southwest border from Ukraine. The US and Britain have announced sanctions targeting Russian ban.....

How a Russian invasion of Ukraine might impact crude oil prices
February 22, 2022 08:25 PM AEDT| By Arpit VermaHighlights Crude oil prices have gained nearly 10% in the last one month alone. Russia has tightened its military grip around Ukraine, amassing thousands of troops, artillery, and equipment along the latter’s border. The ongoing tension .....

Commodity wrap-up for the week that was
February 22, 2022 03:52 PM AEDT| By Arpit VermaHighlights The global commodity market recorded a volatile week, ending on 18 February 2022. Natural gas recorded a weekly gain of 8.05% while crude oil prices tumbled. Aluminium prices also recorded substantial gains to reach all-time-high le.....

Crude oil rises as Russia-US meeting optimism fades
February 22, 2022 02:48 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. On Monday, Russian force killed a group of five saboteurs who breached Russia’s southwest border from Ukraine. Oil prices are once again heading up, as the optimism of the US-Russia meeting fad.....

Crude oil rises on fresh Russia-Ukraine war warnings
February 21, 2022 02:06 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The US and European Union made it ultra-clear that Russia would face sanctions if it invades Ukraine. The revival of Iran's 2015 nuclear deal could bring 1Mbpd of oil into the market to cool the boil.....

How huge lithium deposits in the Himalayas could benefit China
February 20, 2022 12:05 AM AEDT| By Arpit VermaGlobal energy transition is driving prices of green metals to multi-year highs in an attempt to achieve net-zero carbon emissions. The recent rally in these strategic minerals has been fuelled by an upsurge in demand for electric vehicles and renew.....

Oil tumbles as Iran closes in on nuclear deal finalisation
February 17, 2022 02:32 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Both France and Iran said parties are closer to an agreement to revive the 2015 nuclear deal. Crude oil prices were hovering near seven-year high levels as investors are concerned about the pote.....

Oil tumbles 3% as Russia withdraws some troops from Ukraine
February 16, 2022 01:30 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The substantial drop in the prices came after Russia stated that it has withdrawn some of the military units back to bases. Investors are also eyeing talks between the US and Iran on reviving the.....

Commodity wrap-up for the week that was
February 15, 2022 05:35 PM AEDT| By Arpit VermaHighlights US inflation hit 7.5% in January to reach the highest level since February 1982. Crude oil, the world's largest traded commodity, headed to record substantial weekly gains as the US warned of an imminent Russian invasion of Ukr.....

Oil jumps 2% amid rising tensions between Russia & Ukraine
February 15, 2022 01:48 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. Ukraine's president declared 16 February as a "day of unity". The US has relocated its embassy operations from the capital Kyiv to Lviv. Crude oil prices surged over 2% to reach fresh seven-year.....

Andrew Forrest vs Blue Hydrogen: Why are industry veterans against Hydrogen with fossil fuels?
February 12, 2022 01:27 AM AEDT| By Arpit VermaHighlights Demand for hydrogen has witnessed unprecedented growth in the past few years. The production of blue hydrogen creates a significant amount of carbon dioxide, which is harmful to the environment. Fortescue’s Chairman Andrew For.....

Crude oil rises on Fed rate hike worries
February 11, 2022 02:13 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. A day earlier prices jumped significantly due to a fall in the US crude inventories and high energy demand. Negotiation of the Iran deal is expected to bring more than 1Mbpd of Iranian oil into the.....

EIA ticks up oil price forecast amid falling inventories, geopolitical unrests
February 10, 2022 08:47 PM AEDT| By Arpit VermaHighlights EIA estimates suggest that global oil inventories tumbled in January and commercial inventories in the OECD nations ended the month at 2.68 billion barrels. With thinning concerns related to the spread of the Omicron variant of coron.....

Crude oil rises on falling US crude inventories
February 10, 2022 03:25 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. The US government is trying its best to urgently negotiate a nuclear agreement with Iran, aiming to quickly stabilise oil prices. The revival of the Iran deal could bring more than 1Mbpd of Irania.....

Oil dips more than 2% as indirect talks between the US & Iran proceeds
February 09, 2022 02:10 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The US government is trying hard to urgently negotiate a new nuclear agreement with Iran to quickly cool down the boiling oil prices. The indirect talks between the US and Iran proceed on Tuesday.....

Oil dips on expectations that Iranian oil could cool global supply crisis
February 08, 2022 02:04 PM AEDT| By Arpit VermaHighlights Crude oil prices settled lower Monday. In the last week, the prices of crude oil rallied for the seventh consecutive week. Oil has already gained 20% in 2022. Crude oil prices settled lower on Monday on an indication that nucle.....

Oil rises on supply disruptions amid icy weather in the US
February 07, 2022 01:49 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The prices of both the benchmarks surpassed US$90 per barrel. Icy weather conditions in the US have created concerns related to oil supply disruptions. Crude oil prices further rose on Monday af.....

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