Commodities

An overview of Invictus Energy’s (ASX:IVZ) world-class Mukuyu prospect

  • September 13, 2022 09:57 AM AEST | Manisha
 An overview of Invictus Energy’s (ASX:IVZ) world-class Mukuyu prospect

Highlights,Invictus Energy is engaged in a high-impact exploration program to open one of the last untested large frontier rift basins in onshore Africa – the Cabora Bassa Basin.,The principal asset of Invictus Energy, Special Grant 4571, includes the wor...

Read More...
Crude oil slips on US interest rate hike concerns

Crude oil slips on US interest rate hike concerns

Highlights 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...

Read More...
Is nickel ready to be the next hot battery metal?

Is nickel ready to be the next hot battery metal?

The 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...

Read More...
What does 2022 have in store for commodity market?

What does 2022 have in store for commodity market?

After a surprisingly phenomenal run in 2021, commodities have entered another year, albeit with a slowdown. Commodity prices have skyrocketed throughout the previous year owing to an incessant demand as the result of recovering industrial sector. H...

Read More...
Crude oil drops on rising coronavirus cases

Crude oil drops on rising coronavirus cases

Highlights Crude oil prices tumbled on Monday. Rising cases of coronavirus dented the global economic activity. Kazakhstan's turmoil and Libyan oil supply disruptions have partially offset the drop in oil prices. Crude oil prices tumbled ...

Read More...
Crude oil rises despite an increase in coronavirus cases

Crude oil rises despite an increase in coronavirus cases

Highlights Crude oil prices rose on Wednesday. OPEC+ agrees to increase the output by 400,000 bpd for the coming month. The oil market pared its gains after the US Federal Reserve stated that policymakers may have to increase rates more quickl...

Read More...
Crude oil hits US$80/bbl as OPEC+ decides to increase February output

Crude oil hits US$80/bbl as OPEC+ decides to increase February output

Highlights Crude oil prices rose on Tuesday. OPEC+ agrees to stick to its planned increase of 400,000 bpd of oil output in the coming month. The sudden rise in the spread of the Omicron variant of coronavirus has dented the charm of Christmas ...

Read More...
Crude oil rises on demand optimism

Crude oil rises on demand optimism

Highlights Crude oil settled higher on Monday. OPEC+ plans to increase its output for the coming month. The Omicron variant of coronavirus has brought a record number of cases globally. Crude oil prices settled higher on Monday on the bac...

Read More...
Will crude oil continue its rally in 2022?

Will crude oil continue its rally in 2022?

Highlights  Crude oil demand outpaced supply in the year 2021. The EIA estimates global oil inventory to start building up in 2022, on the back of additional supply from the US and OPEC+. With a balance in demand and supply, crude oil pri...

Read More...
Crude oil rises further waning Omicron’s fear

Crude oil rises further waning Omicron’s fear

Highlights Crude oil prices rose on Thursday. On Wednesday, the prices of crude oil reached their highest level since November. Crude oil prices made a significant rebound ranging from 50-60% in 2021. Crude oil prices rose further on Thur...

Read More...
Saudi to host Future Minerals Summit, eyes on mining companies’ renewable energy plans  

Saudi to host Future Minerals Summit, eyes on mining companies’ renewable energy plans  

Highlights Engineers across the whole world are trying their best to get the most out of the minerals to reduce greenhouse emissions. Saudi Arabia is hosting The Future Minerals Summit (FMS) in Riyadh on January 11-13. The demand for metals is...

Read More...