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Commodities
Crude oil inches lower ahead of OPEC+ meeting
November 03, 2021 12:28 PM AEDT| By Arpit VermaHighlights Crude oil has surged more than 60% in 2021. The prices are currently playing near three-year high levels. OPEC+ meeting is scheduled on Thursday to discuss further crude oil production. Crude oil traded below US$85 per barrel o.....
Gold price firms up on dip in the US dollar
November 02, 2021 01:29 PM AEDT| By Arpit VermaHighlights Gold prices rose on Monday. An ease in the strength of the US dollar pushed the prices of bullion. The strong performance of US equities has dampened the demand for a safe haven. Gold prices rose on Monday with ease in the stre.....
JCB inks multi-billion-dollar deal to supply hydrogen from Australia to the UK
November 01, 2021 03:10 PM AEDT| By Arpit VermaThe construction equipment company, JCB has inked a multi-billion-dollar deal with Australia’s Fortescue Future Industries (FFI) to import and supply green hydrogen from Australia to the UK. Hydrogen fuel | Source: © Mrdoomits | Megap.....
Saudi Aramco records best quarterly since listing on higher oil prices
November 01, 2021 01:06 PM AEDT| By Arpit VermaHighlights Saudi Aramco has released its third quarter results ending 30 September 2021. The Company has recorded a net income of US$30.4 billion during the period. The huge profits of Aramco are underpinned by a rapid increase in the prices o.....
Vale SA records a significant rise in its Q3 earnings
October 29, 2021 02:31 PM AEDT| By Arpit VermaHighlights Vale SA has reported a third-quarter net profit of US$3.9 billion. The miner’s net income tumbled nearly 50% relative to the previous quarter. Vale has also announced that it would buy back nearly 4.1% shares or 200 million ou.....
Oil tumbles on speculations that Iran's supply will resume soon
October 29, 2021 01:03 PM AEDT| By Arpit VermaHighlights Crude oil prices tumble on Thursday. The prices settle at nearly two-week low levels on speculations that Iran's supply will resume. S. crude stocks rose by 4.3 million barrels in the last week. Crude oil prices tumbled on Thur.....
Oil tumbles on rising US stockpiles
October 28, 2021 01:31 PM AEDT| By Arpit VermaHighlights Crude oil prices tumble on Wednesday. The higher-than-expected rise in the US crude stocks forced investors not to hold long positions in crude oil. At the start of the month, OPEC+ decided to gradually increase the output. Cru.....
Gold price tumbles on firm dollar
October 27, 2021 02:51 PM AEDT| By Arpit VermaHighlights Gold prices tumbled on Tuesday. Prices surpassed the mark of US$1,800 per ounce on Monday, the highest since August 2021. Investors have shifted their interest in equities, dimming the appeal of gold. Gold prices tumbled nearly.....
Crude oil rallies to the highest level since 2014 on robust demand
October 27, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The prices reached their highest level since 2014 due to global supply shortages and robust demand. The decision of OPEC+ to gradually ramp up the production has boosted the oil prices. Crude o.....
Gold surpasses US$1,800 mark on inflation worries
October 26, 2021 02:05 PM AEDT| By Arpit VermaHighlights Gold prices inched higher on Monday. Prices surpassed the mark of US$1,800 per ounce, the highest since August 2021. Investors are now focusing on the follow-up US Fed meeting is planned for 2-3 November. Gold prices inched hig.....
Crude oil rallies on robust demand and tight supply
October 26, 2021 12:26 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. OPEC+ adheres to its plan for gradually increasing the output. US crude inventories tumbled to three-year lows amid skyrocketing energy demand. Crude oil prices rallied on Monday to reach multi-.....
Commodity wrap-up for the week that was
October 25, 2021 08:52 PM AEDT| By Team Kalkine MediaAs per the World Bank's Commodity Markets Outlook, the energy prices are anticipated to average 80% higher in 2021 compared to last year. Moreover, many financial institutions expect the energy prices to remain higher until the first half of 2022 a.....
Oil hovers near multi-year highs on strong demand
October 25, 2021 02:07 PM AEDT| By Arpit VermaHighlights Crude oil is trading near multi-year high levels. OPEC+ agreed to adhere to their original plan to boost the output by 400,000 bpd per month. Higher coal and gasoline prices have additionally boosted oil prices. Crude oil trade.....
Mineral Resources (ASX:MIN) plans to resume Wodgina lithium operations
October 25, 2021 01:27 PM AEDT| By Arpit VermaHighlights Mineral Resources (ASX:MIN) plans to resume its operations at the Wodgina lithium mine. The Wadgina mine is located in the Pilbara region of Australia and is jointly owned by MIN and Albemarle Corp. The prices of lithium skyrocketed.....
Coal futures in China tumbles after recording multi-year highs
October 22, 2021 01:43 PM AEDT| By Arpit VermaThermal coal futures in China tumbled for the consecutive third evening session on Thursday after the government have given signals that it may intervene to cool the skyrocketing prices and ease the global power crunch. The country is pushing coal.....
Crude oil tumbles after hitting record highs
October 22, 2021 12:44 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Thursday. Winter weather in most parts of the US is expected to be warmer than average. Oil also came under pressure due to a drop in natural gas and coal prices. Crude oil prices tumbled on Thursday.....
Crude oil rallies on robust demand recovery and fall in the US stocks
October 21, 2021 12:10 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. OPEC+ sticks to its plan for gradually increasing the output amid stronger demand for petroleum products. US crude inventories tumbled to three-year lows amid skyrocketing energy demand. Crud.....
Vale SA plans to lower its iron ore output amid lower prices
October 20, 2021 02:59 PM AEDT| By Arpit VermaHighlights Vale SA plans to slow down the production of low-margin iron ore in the fourth quarter by nearly 4Mt. The significant decision of the miner came into play after a collapse in iron ore prices in China. Vale had produced 89.42Mt iron .....
Oil hovers near multi-year highs amid ongoing energy crunch
October 20, 2021 02:39 PM AEDT| By Arpit VermaHighlights Crude oil rises on Tuesday. Brent crude hovered near US$85 per barrel. Fast recovery from the pandemic has increased global demand. Crude oil prices climbed up on Tuesday to trade near multi-year highs due to rising energy dema.....
Crude oil tumbles as US factory data deepens demand concerns
October 19, 2021 01:36 PM AEDT| By Arpit VermaHighlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter economic growth has been dropped to the lowest level in the year due to power shortages. Crude .....
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