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Fuel markets stabilize ahead of IMO changeover

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...

Trade optimism offsets US inventory as oil settles above $64

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

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

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...

Ovo Energy acquires SSE’s domestic energy business

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

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

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,...

Commodities could be hit – Corteva

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?

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

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

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

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...

How gold prices may hit $1,700 in just 6 months

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...

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