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Crude Oil Prices Stall, Will the Northward Move Continue?
February 03, 2021 01:01 AM GMT| By Team Kalkine MediaCrude oil price rally has stalled with prices of Brent crude oil futures trading in a range of USD 55.00 to USD 57.50 per barrel. The surge in prices witnessed over the past couple of weeks could be primarily linked to the production cut as announce...
Is Silver the Next Big Bet on Wall Street?
February 01, 2021 10:54 AM GMT| By Team Kalkine MediaThis time Wall Street bet traders have targeted the precious metal silver. Users on the Reddit forum Wall Street bets have been making a case for buying silver to try and push its prices higher. Notably, prices of silver are often manipulated. The.....
Gold Had A Terrific 2020; How Did Platinum Fare?
January 30, 2021 01:33 PM GMT| By Kunal SawhneyThe emphatic gold rally was seen at the start of 2020 in various parts of the world because of its limited supply and high demand as a safe-haven investment. COVID-19-driven lockdowns induced financial droops, globally, which further added.....
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 28, 2021 03:48 AM GMT| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?
January 15, 2021 06:20 AM GMT| By Kunal SawhneyThe Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian.....
Crude oil bulls stare at USD 60 a barrel, forecasts and estimates you should know
January 14, 2021 12:45 AM GMT| By Team Kalkine MediaCrude oil prices are inching up smartly with prices of Brent crude oil futures nearing the 11-month high of USD 60.0 a barrel. Image Source: © kalkine Group 2020 Trend shifts as consumption picks steam The shift in the global demand and sup...
Gold price loses sheen as US govt bond yields shoot up
January 09, 2021 03:56 AM GMT| By Team Kalkine MediaThe yellow metal lost some of its shine on Friday as gold slumped on the bullion market by over 3.4%, as the US presidency risks faded away and the US government bond yield grew to its highest level since March 2020. The toll on the gold price soon.....
Gold breaking out of slumber, what are charts saying?
January 07, 2021 01:30 PM GMT| By Team Kalkine MediaGold has been under a crabwalk for a while with economic situations around the globe taking a turnaround with the rollout of COVID-19 vaccine. The spot market has been stuck in a range for quite a while; however, after a period of slow moves, gold ha...
Crude Oil Rallies to 10-Month High After Production Cut Decision
January 06, 2021 02:30 AM GMT| By Hina ChowdharyThe oil producer group OPEC+ concluded a meeting over oil production levels in coming months on Tuesday, 5 January 2021. The resurgence of new strains of COVID-19 virus in different parts of the world is spooking oil producers. In a recent developm.....
Will 2021 Bring Respite for Last Year’s Worst Performing Commodities?
January 05, 2021 05:43 AM GMT| By Team Kalkine Media2020 was the year of commodities. The broad segments of industrial, precious and energy commodities witnessed the consumption-demand shock, on the back of widespread lockdown measures and reduced industrial activities during the year. The price of.....
Commodities Gaining Strength from the Green Energy Drive
January 04, 2021 06:58 AM GMT| By Team Kalkine MediaThe green ambition finally seems to be picking some pace and might emerge as a major theme for the year 2021 with Biden sweeping away the election result with Green Energy being one of his moot points. The green energy space might also get highlight...
How was 2020 for Commodities and What is anticipated in 2021?
January 01, 2021 01:34 PM GMT| By Team Kalkine MediaWe are entering a new year, and 2020 has been a volatile year for markets, be it equities or commodities. The COVID-19 pandemic pushed the major central banks and governments across the globe to take drastic measures to avoid the economy from sliding...
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What does 2021 hold for Crude Oil?
December 30, 2020 10:21 AM GMT| By Team Kalkine MediaThe crude oil volatility has waned in recent months, and further price recovery lingers on the pandemic containment measures and the vaccination drives across the globe. During the wild swings in April 2020, the prices for the Western Texas Interm.....
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Is the Recent Rally in Base Metals due to Price Seasonality?
December 29, 2020 09:41 AM GMT| By Team Kalkine MediaCopper’s Price Action Summary: Copper prices are trading in a perfect symmetrical triangle pattern on a quarterly timeframe chart on Shanghai Future Exchange. It started the year with a bearish tone and gave negative quarterly closing, near .....
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Iron ore jolts another record high, is there more steam left in the rally?
December 22, 2020 05:37 AM GMT| By Team Kalkine MediaIron ore prices are once again capturing the attention as the prices spike to another record high over supply concerns and robust demand from China. The commodity clinched RMB 1,194.00 per dry metric tonne on the Dalian Commodity Exchange (DCE) on 21...
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Before his White House departure, Trump has a spree of mining, energy project approvals
December 21, 2020 04:25 AM GMT| By Hina ChowdharyAs per media reports, the United States President Donald Trump is rushing to flag off a final wave of major mining and energy projects on the federal lands. This comes ahead of him leaving the White House. Many requests across the United States are...
Copper Tops USD 8,000, Commodity Supercycle at Play?
December 21, 2020 01:23 AM GMT| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...
Crude at Crossroads After Surpassing USD 50 Hurdle
December 19, 2020 03:09 AM GMT| By Team Kalkine MediaCrude oil price rally has stalled post surpassing the 9-month high with the Brent crude oil futures reaching a high of USD 51.90 per barrel (intraday high on 17 December 2020). The market seems to have backed in the positive news on COVID-19 vaccine....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 07:42 AM GMT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 03:32 AM GMT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
