Fuel markets stabilize ahead of IMO changeover
November 30th 2019 -
Panic occasioned by scarcity of diesel and other middle distillates arising from recently introduced marine pollution rules has faded, even as distillate premiums recorded new lows in two years. Beginning January next year under new pollution control rules approved by...
Citadel’s commodities hedge fund business up $1 billion – sources
November 29th 2019 -
Citadel’s commodities business value is up at least $1 billion this year, this is according to three sources who spoke to Reuters. The gain is expected to boost the hedge fund’s performance even as it looks to maintain its already-great...
Trade optimism offsets US inventory as oil settles above $64
November 28th 2019 -
A recent industry report showed that the US Crude Oil inventories had been boosted by a pending US-China trade deal that may bring to end months of standoffs between the two states. Following reports of growing inventories, the oil price...
Trade deal optimism bleeding-out gold prices
November 27th 2019 -
The price of gold had been dipping for the better part of Tuesday, and at the time of writing this report, it had sunk -0.32% to settle at $1,454.12 down from $1,462.19. The drop comes in the wake of a...
Variables that may change the 2020 oil markets
November 26th 2019 -
According to several forecasts, there’s likely going to be an oil surplus in 2020. But most of the outlooks are only based on the shale growth of the US next year, an assumption that may be unrealistic. The dominoes keep...
Indonesia introduces new regulations on the importation of scrap commodities
November 24th 2019 -
All exporters of scrap commodities to Indonesia will now be subjected to new regulations set by the government. A report released by the Institute of Scrap Recycling Industries (ISRI), in Washington, stated that the regulation is still crafted in the...
This is how small commodities are turning into huge industries in China
November 23rd 2019 -
Every year millions of small commodities are delivered from China’s central province Yiwu, to about 200 countries and regions. Yiwu is China’s famous commodities market and is said to be the origin of more than 2.1 million types of commodities....
Ovo Energy acquires SSE’s domestic energy business
November 22nd 2019 -
SSE, one of UK’s top six energy suppliers entered into a deal with Ovo Energy to offload to them its entire domestic energy line of business for £500 million. Close handlers of the deal said that Ovo will be taking...
Inventory report points to large surplus, Crude Oil slides
November 22nd 2019 -
Crude oil dropped 0.10% on Thursday, bringing its cumulative dip this week to about 4.7%. The markets are likely to experience further movements in the US after the Federal Reserve Bank published the FOMC minutes. But even with a series...
Market outlook: best-performing commodities in recent times
November 20th 2019 -
The latest commodities market outlook from World Bank shows that energy stocks took a hit in November dropping 3.7%. Other commodities, however, jumped 0.9%, with precious metals recording the highest growth margin of 19.4%. To put all that into perspective,...
How commodities are responding to the pending US-China “phase 1” trade deal
November 19th 2019 -
Sources familiar with the US-China trade deal revealed that the two countries are close to signing a “Phase 1” agreement that is expected to calm down the months-long trade war. Comments by the handlers of the deal boosted investors’ risk...
German exchange set to take over Nasdaq’s commodities futures business
November 18th 2019 -
Nasdaq confirmed on Tuesday last week that it was indeed finalizing plans to sell off its commodities futures line of business to a German entity, Energy exchange EEX Group. Sources familiar with the matter confirmed that a sale agreement was...
Commodities could be hit – Corteva
November 18th 2019 -
Last month Corteva hinted at a possible hit in demand for grains and oilseeds due to delays in planting soybean in China, Brazil, and other emerging producers, causing an 8% drop in its stocks. Dry weather has been persistent in...
Should you replace bonds with gold?
November 14th 2019 -
The World Gold Council (WGC) recently published a new Investment Update titled ‘It may be time to replace bonds with gold.’ But is it? The WGC report said that investors are now operating in the market with flat to inverted...
Blenheim Capital Management founder calling it a day after 50 years
November 14th 2019 -
Commodities hedge fund titan Blenheim Capital Management is being wound down after 30 years of service. Blenheim, once the largest commodities fund worldwide, is closing shop after its founder Willem Kooyker decided to retire from a business that earned him...
Gold prices finally jump after a massive fall
November 6th 2019 -
Gold investors finally received some good news on Wednesday when the price of the metal jumped after Tuesday’s sharp loss. International markets reflected a 0.2% rise per ounce to $1486.53 after a 1.7% slump in the previous session, the single...
Oil prices take a dip as global demand soars
November 2nd 2019 -
During the week ending 25 October, the Energy Information Administration registered a crude oil inventory build of 5.7 million barrels pressuring the prices of oil even further. A day before, the American Petroleum Institute had reported an inventory build of...
Well-Safe Solutions receives backing from oil executives and top financiers
October 29th 2019 -
A fraternity of top oil executives and city financiers are injecting more than £65 million into Well-Safe Solutions (WSS), a well decommissioning pundit. The new round of investment is meant to solve one of Britain’s most daunting industrial problems. Sky...
How gold prices may hit $1,700 in just 6 months
October 24th 2019 -
In its latest reports, Australia and New Zealand Banking Group (ANZ) has decided to take on the challenge of determining the “unpredictable” gold prices. Interest rates, inflation, and the USD being key gold price drivers, the Australian multinational bank discovered...
Oil price resumes downward path as Trump warns OPEC on cutting output
November 13th 2018 -
Oil price moves lower as Trump tweet warns against output reductions, OPEC cuts its 2019 demand outlook, again.
Oil price rises as Saudi Arabia announces plans to cut production in December
November 12th 2018 -
The oil price is higher Monday, boosted by news Saudi Arabia plans to reduce its output levels in December, following a period of price falls.
Oil price falls further as supply worries ease
November 2nd 2018 -
Oil prices fall as supply concerns ease on a weaker outlook for global economic growth and demand.
Oil price slides as figures show a surprise build in US stocks
October 17th 2018 -
Oil price falls as EIA figures show larger-than-expected US stocks build.
Oil price steady as US sanctions on Iran begin to bite
October 5th 2018 -
Oil prices are steady at just below four year highs, Friday, as fears over tightening supply ahead of the US sanctions on Iran, remain firmly in place.
Oil price steady at four-year high as supply concerns remain
October 2nd 2018 -
The oil price is steady at around four-year highs Tuesday, as concerns over supply intensify and HSBC confirms its view that it could hit $100 per barrel.