Crude oil hits record high levels on skying demands

Highlights Crude oil prices rose on Monday. The prices rose to record high levels on the back of robust demand and lower supplies due to cutbacks...

Here’s how skying fuel prices are triggering global power crisis

Various countries across the globe are facing an acute power crisis as the supply of coal, natural gas, and other energy sources are failing to fulfil...

Indian ministry says it has ample coal stocks to lit power plants

Highlights Indian coal ministry stated that it has ample coal stocks in its reserves to fulfill the demand for the power sector. The shortage of c...

US crude hits 7-year highs amid higher gas-to-oil switching

Highlights Crude oil prices further rose on Monday. The prices have recorded significant gains during the last week. Oil’s rally is underpi...

Oil falls as the US decides to sell oil from its strategic reserves

Highlights Crude oil prices dipped on Thursday. The US is considering options to sell out oil from its strategic reserves. Crude oil prices have...

Crude oil tumbles after hitting record highs

Highlights Crude oil prices tumbled nearly 2% on Wednesday. The US crude inventories rose unexpectedly against the expectations for a significant...

Miners made commitments to attain neutrality by 2050

Highlights The top miners of the world are committed to the goal of limiting direct and indirect emissions by 2050 or earlier. Miners are under pr...

Oil hits multi-year highs on OPEC’s plan to gradually increase outpu...

Highlights Crude oil prices hit multi-year highs on Tuesday. OPEC+ agreed on Monday to adhere to their original strategy planned in July to boost...

How OPEC’s decision is fuelling crude oil rally

Highlights WTI Crude oil prices surged to a nearly seven-year high on Tuesday. The demand for crude oil is rising as the winter approaches the Nor...

Iron ore futures dip amid intense emission curbs in China

Highlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the cou...

Crude oil hits three-year highs on robust demand recovery

Highlights Crude oil prices jumped to three-year highs on Monday. OPEC+ sticks to its plan for gradually increasing the output amid stronger deman...

US natural gas futures hit seven-year highs

Highlights The prices of US natural gas futures surged significantly. The market deficit in Europe has pumped the US gas supplies to record high l...

Crude oil steadies on China’s plan to buy more oil

Highlights Crude oil prices traded nearly flat on Thursday. China plans to buy more oil to meet its rising energy demand. US crude oil inventorie...

Extraordinary coal price rally to drive Australian resource exports...

Highlights  Australian resources and energy exports are forecast to hit A$349 billion in 2021–22, up from A$310 billion in the previous...

Oil dips on rising US crude inventories

Highlights Crude oil prices dip on Wednesday. US crude stockpiles rose significantly by 4.6 million barrels during the last week. The production...

Copper dips on the second consecutive day over China’s power crisis

Highlights Copper dips on Wednesday due to the ongoing power crisis in China. China’s ongoing power crisis is expected to affect the global...

Is Australia ready to conquer the global critical material sector?

Highlights Australia is the world’s leading producer of lithium and holds a significant position in the production of iron ore, lead, zinc, n...

Brent crude dips after hitting three-years high level

Highlights Brent crude oil prices dip on Tuesday after hitting a record high level of US$80 per barrel. Leading oil-producing nations are struggli...

Copper dips on the strong dollar and China's power crisis

Highlights Copper prices dip on Tuesday due to the impacts of the China power crisis. A rise in the US dollar has also made copper more expensive...

Dalian iron ore climbs up on power curbs

Dalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-roll...