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Commodities
LME doesn’t have plans to suspend Russian metals’ trading
March 23, 2022 06:07 AM CET| By Arpit VermaHighlights The London Metal Exchange doesn’t have any plans to curb the trading of Russian metals amid ongoing Western sanctions. The exchange currently trades metals from Russian firms including Rusal and Norilsk Nickel. Suspending new .....
Commodity wrap-up for the week that was
March 22, 2022 09:14 AM CET| By Arpit VermaHighlights The prices of commodities remained volatile last week on fears related to the Russia-Ukraine war and the rising coronavirus cases in China. Brent and WTI crude oil 1-month Futures recorded a decline of 4.61% and 4.31% respectively du.....
Crude oil rises as European Union plans to ban Russian oil imports
March 22, 2022 08:44 AM CET| By Arpit VermaHighlights Crude oil prices rose on Tuesday. Both oil benchmarks settled nearly 7% higher on Monday as the potential for more supply disruptions weighed on the market. The weekend attack by Yemen’s Iran-aligned Houthi group caused a temp.....
EIA foresees crude oil prices to buoy above US$100 a barrel in 2022
March 19, 2022 02:59 PM CET| By Arpit VermaHighlights Crude oil prices reached multi-year highs amid rising tensions between Russia and Ukraine. The US’ decision to put an embargo on Russian oil imports has tightened oil supply bottlenecks. The EIA foresees prices of both benchma.....
How a boost in Permian oil output can help calm down crude oil markets
March 18, 2022 03:30 PM CET| By Arpit VermaHighlights The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recovery in worldwide COVID-19 cases and limited supplies, the world is going through an acute fuel shortage......
How a boost in Permian oil output can help calm down crude oil markets
March 18, 2022 02:44 PM CET| By Arpit VermaHighlights The Permian Basin is expected to boost crude oil production by 70,000bpd in April. With energy demands rising after a solid recovery in worldwide COVID-19 cases and limited supplies, the world is going through an acute fuel sho.....
Crude oil rises on IEA supply warning
March 17, 2022 07:57 AM CET| By Arpit VermaHighlights Crude oil prices rose on Thursday. The prices were dropped on Wednesday for the fifth time in the last six days as traders reacted to the progress in Russia-Ukraine peace talks. Oil inventories in the US jumped by 4.3 million .....
Crude oil dips below US$100/bbl on a possible revival of Iran deal
March 16, 2022 06:45 AM CET| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. Both oil benchmarks reached below US$100/bbl for the first time since late February. As per the technical charts, both oil benchmarks moved to the oversold territory which had been in overbought .....
Commodity wrap-up for the week that was
March 15, 2022 11:11 AM CET| By Arpit VermaHighlights The prices of commodities are hovering near multi-year highs despite recording a significant drop during the last week. Crude oil futures tumbled more than 8.98% last week while coal prices dropped more than 40% last Friday. Uranium.....
Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine tussle
March 15, 2022 06:43 AM CET| By Arpit VermaHighlights Crude oil prices tumbled on Tuesday. The prices extended their last week's decline as Russia is showing signs of its willingness to have a substantive negotiation over Ukraine. The global commodity market is facing headwinds since R.....
Will skyrocketing oil prices give wings to EV adoption?
March 12, 2022 02:45 PM CET| By AayushThe vortex of Russia-Ukraine war has embroiled almost all the nations of the world, especially oil importing countries, at least economically. Russia’s invasion of Ukraine has left it isolated from many countries, leading to an unprecedented .....
Is 2022 commodity crisis bigger than oil crisis of the 1970s?
March 12, 2022 02:42 PM CET| By Arpit VermaHighlights The tussle between Russia and Ukraine has catapulted global commodity prices to record high levels. The recent spike in crude oil prices has drawn comparison to the oil crisis of the 1970s. Analysts from leading investment firms bel.....
Lower investment in fossil fuels could prompt future energy crisis
March 12, 2022 02:38 PM CET| By Arpit VermaHighlights Leading economies of the world are on the brink to minimise the utilisation of fossil fuels. Worldwide oil production is anticipated to fall by 30Mbpd by the end of the decade. Oil producing countries like Iraq, Kuwait, and th.....
Crude oil tumbles as OPEC members pledge to increase supply
March 10, 2022 04:32 AM CET| By Arpit VermaHighlights Crude oil prices tumbled on Wednesday. The prices logged their biggest daily decline since November 2021. The US has urged the whole world to enhance oil production. Crude oil prices tumbled on Wednesday after the United Arab E.....
Crude oil surges as US bans Russian crude oil imports
March 09, 2022 05:25 AM CET| By Arpit VermaCrude oil prices jumped as much as 4% on Tuesday after the US banned Russian oil imports. At the same time, Britain also said to phase out the import of Russian oil and oil products by the end of 2022. Crude oil prices surged more than 30% since R.....
Nickel price surpasses US$100,000/t; ASX nickel stocks rise
March 09, 2022 04:31 AM CET| By Arpit VermaHighlights Nickel prices surged by a massive 65% yesterday, recording one of the most extreme moves in the history of metals. The current surge in the prices of battery metal is a result of escalated tension between Russia and Ukraine. Numerou.....
Why are nickel & aluminum prices high?
March 09, 2022 03:58 AM CET| By Ankit SethiHighlights Oil prices have been soaring over the past weeks, and now the US has banned oil imports from Russia Commodities like nickel and aluminum are also trading higher due to multiple reasons Supply constraints seem to be the biggest facto.....
Here’s why precious metals are shining amid gloom of war
March 08, 2022 10:50 AM CET| By Arpit VermaPrecious metals have recorded impressive gains in recent times. Within the last one month, prices of precious metals including gold, silver, and platinum have jumped more than 8% as geopolitical and economic uncertainties stemming from the Russia-U.....
Russia-Ukraine conflict: What is happening with wheat prices?
March 08, 2022 08:13 AM CET| By Akanksha VashishtThe events unfolding amidst the Russia-Ukraine conflict are highlighting different perils of war – one of them being declining food security. Wheat prices have soared by as much as 60% in the last one month (as of 8 March 2022), fuelling wide.....
Commodity wrap-up for the week that was
March 07, 2022 10:14 AM CET| By Arpit VermaHighlights A staggering jump in prices of commodities ranging from agricultural to energy products is underpinned by concerns of supply shortages. Among precious metals, gold, silver and Palladium have recorded substantial gains. Battery metal.....