Commodities

Petronas to honor contracts despite Sarawak gas dispute, says Malaysian PM

Malaysian Prime Minister Anwar Ibrahim has confirmed that Petronas, the state energy firm, will uphold all its current contractual obligations. This announcement follows discussions with Petroleum Sarawak Berhad (Petros) regarding gas distribution, w...

Petra Diamonds appoints joint CEOs following Richard Duffy’s resignation and reports $69M loss

In a recent announcement on Monday, UK-headquartered Petra Diamonds revealed a significant change in leadership, appointing joint chief executive officers (CEO) to take the helm.  This decision follows the resignation of Richard Duffy, which was...

What’s driving the surge in iron ore prices?

Iron ore prices experienced a significant surge on Friday on the Singapore Exchange, reaching nearly $109 per ton. This price point marks the highest level observed for iron ore since October of the previous year, signaling a potential rebound for th...

US refiners brace for disruption as tariffs threaten Canadian and Mexican crude supply

US refiners may be forced to find alternative crude oil sources and could face challenges in maintaining optimal refinery operations due to potential tariffs on Canadian and Mexican crude oil, which would significantly limit their options. The propos...

SLV ETF analysis: gold to silver ratio points to more gains

Gold price is in the green for the seven week in a row; hitting a fresh record high on Tuesday at $2,944.63. Its safe haven demand is set to sustain the exceptional performance recorded in 2024.  At the same time, other metals are also on track...

Gold’s historic run: seven weeks of gains and record prices

Gold prices surged to yet another record high on Friday as a weaker dollar boosted sentiments in the market. Investors remained cautious about US President Donald Trump’s plans for reciprocal tariffs. The dollar weakened on Friday due to concerns abo...

Why oil refiner Neste is cutting 600 jobs?

Finnish oil refining and biofuel company Neste announced on Thursday that it will be reducing its workforce by approximately 600 positions.  This decision comes after the company reported fourth-quarter core profits that fell short of market exp...

The endless war for power, territory and resources: What does the future hold for Ukraine?

Wars don’t just redraw maps; they rewrite the rules of global power. The future of Ukraine will be shaped not just by military battles, but by decisions made in Washington, Moscow, and Kyiv over the coming months. The US President is promising to end...

Long WTI: sustained bullish momentum amid supply constraints and geopolitical risks driving oil prices higher

Ukraine grapples with gas shortages after Russian strike on energy sites

In a recent escalation of the ongoing conflict, Russia launched an overnight attack on Ukraine’s central Poltava region, causing significant damage to Ukrainian natural gas production facilities.  The state-run oil and gas firm Naftogaz an...

How tariff threats are fueling uncertainty in the aluminum sector

The industrial metals sector has experienced a turbulent beginning to the year, with prices fluctuating significantly.  This volatility is primarily attributed to the uncertainties surrounding potential tariffs and trade restrictions.  The...

India among top 10 nations hit hardest by Trump’s 25% steel and aluminum tariffs

India is among the ten countries most affected by former US President Donald Trump’s recent decision to impose a 25% tariff on all steel and aluminium imports. The move, which aims to protect American manufacturers, is expected to reshape global trad...

Why have hedge funds raised CBOT corn bets to a two-year high?

While it’s become a common theme for US grain markets that funds are purchasing corn, there are indications that this trend might be ending soon. Money managers boosted their net long position in CBOT corn futures and options to 364,217 contrac...

Will Trump’s tariff plans impact global steel trade?

Share prices of Asian metal producers fell on Monday due to US President Donald Trump’s plan to impose a new 25% tariff on all steel and aluminium imports into the US, Reuters reported.  The tariffs threaten to disrupt global trade flows f...

Here’s why the GLD ETF is surging and what to expect

Gold price extended its gains to hit a fresh all-time high on Wednesday at $2,878.68 before pulling back to $2,860.05 at the time of this publication. The precious metal is trading in the green for the six consecutive week as investors remain apprehe...

Crude oil price forecast: weekly chart points to big moves ahead

Crude oil price rallied to a 12-week high on Monday amid renewed hopes over the commodity’s demand in the new year. While it has since pulled back, Brent futures have been in the green in four out of the past five sessions. This may mark a fresh star...

Global food prices ease slightly in January but still remain elevated: FAO

The Food and Agriculture Organization (FAO) reported on Friday that global food commodity prices decreased in January, primarily due to significant drops in the prices of sugar and vegetable oils. The FAO Food Price Index, a key indicator of global f...

Why US crude oil exports may decline in 2025?

US oil exports may decline in 2025 for the first time since the COVID-19 pandemic due to China’s retaliatory tariffs on the United States, Reuters reported on Thursday.  This comes after US oil export growth plateaued last year. The report...

Copper price forecast as technicals and fundamentals align

Copper has an array of uses ranging from electric vehicles (EVs) to the electrical grid, appliances, and renewable energy. Besides, its unique properties make it a crucial component in the infrastructure and construction sectors.  In the short t...

Colombia orders Ecopetrol to sell US oil assets to fund clean energy shift

Colombia’s President Gustavo Petro has directed the state-run oil company Ecopetrol to divest from all fracking operations in the United States. During a public meeting with ministers, broadcast on television, President Petro delivered a speech...