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Commodities
How miners can use microbes to cut their carbon footprint
February 06, 2022 12:33 AM AEDT| By Arpit VermaHighlights The rising demand for energy transition metals has put an extra burden on the mining sector. The industry is looking for measures to limit environmental footprint while ramping up production. Biotechnology can help the mining indust.....
WTI Crude surpasses US$90/bbl as frigid weather cascades across the US
February 04, 2022 02:16 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. The prices of WTI Crude Oil surpassed US$90 per barrel for the first time since 2014. Bad weather conditions in the US are likely to hamper production. Crude oil prices surged staggeringly on .....
Crude oil rises on OPEC’s decision to boost output
February 03, 2022 02:43 PM AEDT| By Arpit VermaHighlights Crude oil prices inched higher on Wednesday. OPEC and its allies decided to carry forward their plan of increasing the output for the coming months too. The US crude stockpiles tumbled by 1 million barrels in the last week as per th.....
Crude oil remains stable despite speculations of supply boost by OPEC+
February 02, 2022 02:43 PM AEDT| By Arpit VermaHighlights Crude oil prices were stable on Tuesday. Oil watchers are eagerly waiting for the OPEC+ monthly meeting, scheduled on Wednesday to decide the further increase in output. Prices were under some pressure from expectations that the cur.....
Crude oil records biggest monthly gain amid tight supplies
February 01, 2022 03:32 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The significant rise in the prices of crude oil is underpinned by an ongoing supply crunch and political unrest in the Middle East and Eastern Europe. Both the benchmarks have registered sixth straig.....
Crude oil rises on tight supplies and ongoing political unrest
January 31, 2022 02:02 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The significant rise in the prices of crude oil is associated with the geopolitical turmoil worsening concerns related to the supply. Major oil-producing nations across the globe including OPEC and n.....
Crude oil dips after hitting seven-year highs
January 28, 2022 02:55 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Brent crude oil prices hit above US$90 per barrel on Wednesday. threats to the UAE from Yemen's Houthi movement had added concerns to the oil market. Crude Oil prices fell back from seven-y.....
Five uranium stocks to watch out for as energy crisis grips the world
January 25, 2022 08:45 PM AEDT| By Nitish KumarHighlights Uranium prices appreciated more than 50% on a Y-o-Y basis, trading at US$45.05/lb The Kazakhstan unrest is fuelling the price rise as the country produces 40% of the global supply. The ongoing energy crisis in Europe has led t.....
Crude oil falls as Fed plans hikes in interest rates
January 25, 2022 03:44 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Monday. Wall Street stocks slumped to the lowest level since 2020. The possibility of interest rate hikes pushed down equities while the dollar reached a two-week high level. Crude Oil prices tumbled.....
Will the commodity market shine again in 2022? ASX-listed stocks to watch
January 24, 2022 06:29 PM AEDT| By DaminiHighlights Most of the commodities delivered a stellar performance last year. Gold faced a hard time in 2021, partly due to the booming popularity of cryptocurrencies. It will be worth watching if the emergence of new COVID-19 variants and the.....
Crude oil rises on falling US oil inventories
January 24, 2022 02:07 PM AEDT| By Arpit VermaHighlights Crude oil prices inched higher on Monday. In the last week, both crude oil benchmarks rose for a fifth week in a row. US Crude oil inventories continued to fall in the last month to land below their average levels. Crude Oil pr.....
Crude oil retreats from 7-year-highs
January 21, 2022 02:00 PM AEDT| By Arpit VermaHighlights Crude oil prices inched lower on Thursday. This week, supply concerns arose following a fire incident on Turkey's Kirkuk-Ceyhan pipeline. The overall supply disruptions in the industry are coming as OPEC+ members cannot fulfil their.....
Crude oil settles near 7-year highs after Turkey’s pipeline outage
January 20, 2022 03:10 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. Turkey’s Kirkuk-Ceyhan pipeline was exploded on Wednesday due to a power pylon. American Petroleum Institute reported that U.S. crude and gasoline stocks rose last week while distillate inve.....
Crude oil hits 7-year highs on supply concerns amid global political unrest
January 19, 2022 02:08 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The Houthi group of Yemen attacked the United Arab Emirates. Russia has built a large troop presence near the border of Ukraine, stoking fear to invade. On Tuesday, crude oil reached seven-year.....
Brent Crude hits more than 3-year highs on global supply concerns
January 17, 2022 02:28 PM AEDT| By Arpit VermaHighlights Brent crude oil hitting more than 3-year highs on Monday. In the last week, Brent and WTI both rose by 5.4% and 6.3%. Leading oil-producing groups, including OPEC+, are not able to supply enough to meet strong global demand. Cr.....
How rising oil prices could hurt Australia's economy?
January 17, 2022 02:12 PM AEDT| By Priyabrata PrustyHighlights Brent crude prices are now hovering above the US$85 per barrel mark. With the Brent crude crossing US$85 per barrel mark, cost of living in Australia is threatened to go up in 2022. With oil prices on the rise, street expects RBA ma.....
Crude oil slips on US interest rate hike concerns
January 14, 2022 03:51 PM AEDT| By Arpit VermaHighlights Crude oil prices slipped on Thursday. Expectations of strong economic recovery counterbalance the losses in oil prices. Oil has gained more than 50% in the last year. Crude oil prices inched lower on Thursday on a strong sell-o.....
Crude oil jumps on weaker US dollar and falling inventories
January 13, 2022 02:03 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. A weaker dollar also helped to boost oil prices. The US crude inventories have tumbled for the seventh consecutive week. Crude oil prices rose nearly 2% on Wednesday to hit two-month highs on.....
Crude oil jumps on thinning Omicron fears
January 12, 2022 01:42 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The prices of Brent Crude oil recovered more than 50% in 2021. The US government has increased its oil demand forecast and lowered its oil output growth estimates. Crude oil prices rose nearly .....
Is nickel ready to be the next hot battery metal?
January 11, 2022 08:34 PM AEDT| By Nitish KumarThe world is standing at the edge of a new electric era. Green metals including lithium, cobalt, nickel, and copper can be considered as the building blocks of this new era. The growing demand for electric vehicles and battery storage technologies.....
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