Commodities

Long XAU/GBP: breakout above key highs hints at accelerated bullish run to 2,600 level

Analysis: crude oil set for weekly rise in 3 weeks; will gains hold?

Oil prices rose on Thursday due to tighter supply expectations after Washington imposed additional sanctions on Iranian oil trade.  Additionally, some Organization of the Petroleum Exporting Countries producers also pledged more output cuts to o...

OPEC receives updated output cut compensation plans from Iraq, Kazakhstan and others

The Organization of the Petroleum Exporting Countries announced on Wednesday that it has received revised plans from member countries Iraq and Kazakhstan, as well as other nations within the alliance, detailing their strategies to implement additiona...

Long Palladium: rebound fueled by supply risk and technical breakout aims for $1,020 resistance zone

Long Silver: breakout above $32.50 sparks rally on safe-haven demand and trade war fears

Why India has pushed deep-sea mineral auction deadline to May 1

India has prolonged the bidding process for deep-sea blocks abundant in critical minerals, essential for electric vehicle batteries and various other products, according to a Reuters report. The auction, originally scheduled to conclude earlier, will...

Gold price hits record $3,300/oz: could $4,000 be next?

Gold has maintained or even increased its appeal as a safe-haven asset in the last few trading sessions.  This has led to chatter in the market that the yellow metal may hit $4,000 per ounce in the coming weeks.  “The recent erratic moves i...

Why Malian government is shutting down Barrick’s Bamako office?

In a recent escalation of the ongoing dispute between the Malian government and Canadian mining company Barrick Gold over mining revenues, authorities in Mali have taken the drastic step of shutting down Barrick Gold’s office in the capital cit...

IEA joins OPEC in trimming oil demand forecast amid trade strains

The International Energy Agency has lowered its estimate for growth in global oil demand for 2025 as escalating trade tensions have affected the economic outlook.  “While imports of oil, gas and refined products were given exemptions from the ta...

UK activates emergency fuel shipment to avoid shutdown of steel plants

The British government announced on Tuesday that it had secured a fuel delivery, allowing the country’s last steel blast furnaces to remain operational for at least a few more weeks, according to a Reuters report. This move is the latest in a s...

Gold may stay in overbought zone amid persistent global uncertainty

Gold prices can remain overbought or oversold for extended periods of time as investors continue to increase their exposure to the yellow metal, according to experts.  Gold prices on COMEX had hit a record high of $3,263 per ounce on Friday, and...

OPEC+ concerns persist as Kazakhstan exceeds production targets

Kazakhstan’s oil production in the first two weeks of April decreased compared to the March average, according to a Reuters report.  Despite the decline, output remains above the OPEC+ quota that Kazakhstan has committed to uphold followin...

OPEC trims forecast for global oil demand growth on Trump tariffs impact

The Organization of the Petroleum Exporting Countries lowered its forecast for growth in global oil demand in 2025 for the first time since December.  OPEC said in its April Oil Market Report: This minor adjustment is mainly due to received data...

Indian shrimp exporters hit hard as US alters tariff rules

Exporters in India, the biggest supplier of shrimp to the US, say that President Donald Trump’s tariffs could endanger a large number of containers of the frozen delicacy and disrupt global shipments. Ecuadorian exporters state that their count...

China defies US sanctions with surge in Iranian crude imports as Shandong stocks hit record highs

Shandong’s crude stockpiles reached record highs in March amid intensifying US sanctions.  This was due to Chinese teapot refiners increasing their imports of sanctioned crude, defying the US sanctions, Vortexa said in a report. China̵...

Why Saudi Arabia is ramping up crude exports to China in May

Saudi Arabia’s crude oil exports to China are expected to see a significant increase in May compared to the previous month.  This surge in supply is attributed to a substantial price cut implemented by the Kingdom, which has attracted Chin...

Dow slips 1,700 points, while S&P sheds Wednesday’s gains; big tech, bank stocks see steep declines

Stocks declined on Thursday, reversing half of the previous session’s historic gains, as investors responded to US President Donald Trump’s 90-day reprieve on some “reciprocal” tariffs with concern that economic activity will...

Data centres on track to outpace Japan’s electricity usage by 2030, says IEA

Electricity demand to power AI technology and data centres by the end of this decade will require more than Japan’s electricity consumption today. The consumption of electricity by data centres is projected to increase by over two times, reaching app...

Brazil’s Petrobras shares plunge amid trade war fears and falling oil prices

Brazil’s Petrobras shares have faced intense selling pressure, largely driven by rising global risk aversion and a sharp drop in oil prices. US President Donald Trump’s recent move to impose stricter tariffs on Chinese products has reignited fe...

Aramco reportedly discovers 14 new oil and gas fields in Saudi Arabia amid low price challenges

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reportedly said on Wednesday that the country’s oil giant, Saudi Aramco, has made a significant discovery of 14 new oil and natural gas fields and reservoirs within the Kin...