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...

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Crude oil rises on falling US inventories

Crude oil rises on falling US inventories

Crude oil prices reached their highest level since November on Wednesday offsetting concerns that rising cases of coronavirus across the globe might dent the demand. The significant rise in the prices of both the benchmarks was underpinned by the r...

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Crude oil rises despite rising Omicron concerns

Crude oil rises despite rising Omicron concerns

Highlights Crude oil prices rose on Tuesday. Both the contracts reached their highest level in a month, strengthened by boosting US equities. Omicron-induced staff shortages led to various flight cancellations Crude oil prices rose on Tue...

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Crude oil rallies on reduced threats of Omicron’s severity

Crude oil rallies on reduced threats of Omicron’s severity

Highlights Crude oil prices rose on Thursday. The prices had been struggling on concerns that the supply will exceed the demand in 2021 due to rising cases of the new virus variant. Xian city in China ordered 13 million residents to stay at ho...

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Commodity prices climbed the wall of worries in 2021

Commodity prices climbed the wall of worries in 2021

The year 2021 has been a great one for many commodity players, with several commodities seeing a sharp surge in the prices. Be it metals or energy commodities, many of them reached their all-time high or multiyear high. For instance, lumber prices ...

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Crude oil dips on strong dollar and oversupply concerns

Crude oil dips on strong dollar and oversupply concerns

Highlights Crude oil price tumbled on Tuesday. Producer prices reached 11-year highs on Tuesday. Governments across the globe are trying hard to put restrictions to curb the spread of the Omicron variant. Crude oil prices tumbled to nearl...

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Omicron fear dampens oil demand

Omicron fear dampens oil demand

Highlights Crude oil price eased on Monday. More than 60 countries across the globe have shown a very high global risk. Governments across the globe including Norway and Britain were tightening restrictions to curb the spread of the virus. ...

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Crude oil climbs up further as Omicron fear retreats

Crude oil climbs up further as Omicron fear retreats

Highlights Crude oil price climbs nearly 3% on Tuesday. Crude oil prices tumbled during the last week. Saudi Arabia increased the selling price of all crude grades from Sunday. Crude oil price rises nearly 3% on Tuesday, extending the pre...

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Will ‘Blue Hydrogen’ reduce Japan’s reliance on coal?

Will ‘Blue Hydrogen’ reduce Japan’s reliance on coal?

At a time when reducing the consumption of non-renewable energy sources has become an increasingly pressing global issue, Japan seems to have found the light at the end of the tunnel. The country has opted to switch to hydrogen as a recourse to the...

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Crude oil recovers as OPEC plans to reconsider its output if demand suffers 

Crude oil recovers as OPEC plans to reconsider its output if demand suffers 

Highlights Crude oil price recovers on Monday after settling a little higher on Friday. OPEC+ decided to stick to its original plan of gradually increasing the output. The cartel's next meeting is scheduled for 4 January 2022. Crude oil p...

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Crude oil ends higher amid OPEC’s plan to boost output

Crude oil ends higher amid OPEC’s plan to boost output

Highlights Crude oil prices settled higher on Thursday. OPEC+ surprised the market by sticking to its original plan. The cartel decided to boost the supply in January. Crude oil prices settled nearly 1% higher on Thursday after a volatile...

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