The Minister of Finance of the Russian Federation, Anton Siluanov, said yesterday that the country’s budget deficit could go as high as 0.9% of gross domestic product (GDP) in 2020 on current oil prices. Russia’s economy saw major harm due to the declining global oil prices, as well as the…
Saudi oil giant Aramco said it plans to slash its capital spending budget amid low oil prices. The company missed market’s expectations for profit in its first earnings announcement since going public last year. Fundamental analysis: Profit plunges Aramco announced a net profit of $88.2 billion in 2019, down from…
Crude oil prices failed to stage a more significant recovery despite comments from President Donald Trump that the U.S. plans to buy large amounts of crude for its reserves. Fundamental analysis: “Fill it right up to the top” says Trump Oil prices continued to move lower this week on…
You may remember the controversy that was provoked a couple of years ago, when scientists apparently predicted that the world would run out of chocolate in 30 years’ time. This was said to be because rising temperatures in cocoa-growing areas was threatening the cocoa plants.It turns out that this…
Rice is one of the most important and widely consumed foods on the planet. It is a staple food item in numerous countries across the world, particularly in Asia, Latin America, and Africa.As an investment commodity, rice is highly volatile. This is due to the number of factors that influence…
The price of oil crashed Monday by nearly 25% to settle at $31.13 a barrel and this poses a problem for American oil companies, according to Again Capital founding partner John Kilduff. Below $50 A BarrelAgain Capital is an alternative investment firm with a specialized focus on listed energy derivatives…
Shares of BP (LON:BP) gapped 28% lower this morning in London on the biggest oil price crisis witnessed in recent years. The price opened at 282.05p, the lowest stock traded since 1999. Fundamental analysis: Oil prices collapse on coronavirus fears, Saudi Arabia – Russia price war The collapse in…
OPEC had a pact with Russia that demanded restriction over the oil supply. On Friday, the pact fell apart and fueled a downward rally in Saudi Aramco’s shares. On Sunday, the Saudi state oil company was reported trading below the IPO (initial public offering) price of 32 riyals.
Crude oil prices hit the lowest levels since August 2016 this week, after talks on deeper production cuts between OPEC and its allies finished without an agreement. On Friday, the price action closed nearly 10% lower to record one of the worst-performing days recently. OPEC+ talks collapse Investors were…
The price of ethanol is currently at $1.24 per gallon, at the time of writing. This is definitely on the low side, although recent days have seen the price rising. Could this month be the start of a strong recovery on the market? The Price HistoryEthanol is a volatile commodity…
Corn is a commodity whose price is affected by a number of factors. If you are thinking of diversifying your investment portfolio then this is certainly an interesting option in 2020. The following are some of the reasons why this investing in corn could be a good move this year.The…
Crude oil prices trade nearly 8% lower today on the reports that OPEC+ have been unable to reach an agreement to cut production in order to cope with the coronavirus outbreak. Today’s low of $42.34 marks the lowest crude has traded since June 2017. Fundamental analysis: OPEC+ talks on…
The case for divesting big oil companies in favor of green technologies met resistance after notable hedge fund ValueAct made the case for BP, noting the global oil giant can be “part of the solution,” according to CNBC.ValueAct is a San Francisco-based hedge fund with more than $15 billion…
Mexico’s business sector has prepared a wide range of energy investments for the government, worth nearly $92 billion, as part of the plan to help the country’s declining economy to recover. According to the document examined by Reuters, over the 2020-2024 period Mexico will be working on 275 projects. The…
Despite numerous efforts by President Donald Trump’s administration, the US farmers continue being hit by the escalating panic over Coronavirus. The killer virus has to date claimed thousands of lives globally, while interrupting business operations in one of the world’s largest economy, China. But the Asian nation isn’t the…
The lower global prices for oil and gas have recently pushed Chevron Corp into strategizing for reducing expenditures. As part of the program, the American multinational energy corporation is opting for job cuts and offered buyouts to its U.S workforce for oil exploration and its production on Monday. Second…
Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one…
Sugar is such an everyday item that you might never have thought of it as a commodity that you could invest in. Yet, it offers an interesting way of diversifying your investments by choosing something that isn’t directly linked to many other financial instruments or factors.The Basics of the Price…
You might be surprised to learn that zinc is the fourth most used metal in the world. It is part of a huge global market that is worth around $35 billion annually. This is an incredibly useful metal that is used in a wide variety of products as well as…
Teck Resources Ltd, a leading name in the league of Canadian miners, had previously applied to build its Frontier oil sands mine located in Alberta worth C$20.6 billion. In its announcement on Sunday, however, Teck declared its application to have been withdrawn. The federal government was scheduled to release its…
For the second day in a row, gold prices hit a new 7-year high of $1,619 on increasing demand for precious metals. The price action is now approaching the first short-term target for the bulls at $1,626. City analysts believe that this move has legs as they predict a trip…
Cotton has long been seen as a good commodity investment. Despite there being more types of material than ever before, this is still one of the most common raw materials for making clothes and other products. The History of Cotton PricesThe price of cotton is affected by a number of…
Coffee has become a hugely popular drink across the planet in the last few years. The success of chains like Starbucks and Costa Coffee has led to demand for coffee going through the roof.It is estimated that more than 2.25 billion cups of this drink are consumed every day. Therefore,…
Gas prices have dropped significantly in recent days. This makes it a good time to look into this commodity and see what it might offer investors. To do this, we need to consider all of the factors that affect its price.Current Gas PricesAt the start of February 2020, the price…
You may see copper referred to as the best commodity to understand the entire global economy. This is a heavily-traded commodity that can add a high degree of diversity to your investment strategy, Take a look at why now might be the time to get involved.Why Is Copper a Valuable…
