A tightening global copper market faces the real chance of simultaneous strike severance at three mines in Chile, the largest metal producer. Until now, the most severe threat to world supplies arises from Escondida, the largest copper mine in the world, where workers refused proprietor BHP Group’s final wage offer in voting last week. Except …
Oil was falling Monday morning in Asia but continued little changed even as increasing numbers of coronavirus cases globally proceed to cloud the fuel demand outlook. Brent oil futures sank 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) following going up to the Oct. 21 deal on Jul. 25, 2021. WTI futures slipped …
Oil drops as rising coronavirus reduce fuel demand Read More »
Oil was falling Wednesday morning in Asia, with investors considering a surprise build in U.S. crude oil supplies and proceeding to evaluate the impact of rising coronavirus cases on fuel demand. Brent oil futures were declining by0.46% to $69.03 by 1:38 AM ET (5:38 AM GMT), and WTI futures dropped approximately 0.51% to $66.86. U.S. …
Canadian and U.S. markets underwent a broad-based drop Monday as worries around increasing coronavirus cases and falling oil prices led Canada’s main stock index to drop to its weakest level after May. An investment strategist, Craig Fehr, with Edward Jones, said building case counts for the Delta variant of the coronavirus are sparking worries that …
Oil prices dropped distinctly on Monday following OPEC+’s subdued internal divisions and agreement to increase output. This is sparking attention about a crude residue as coronavirus infections increase in many countries. Brent crude was below $2.01, or 2.7%, at $71.58 per barrel by 0850 GMT. U.S. oil was under $2.06, or 2.8%, at $69.75 per …
Oil was higher Friday morning in Asia but slid towards the most significant weekly drop after mid-March 2021. Worsening bursts of coronavirus including the Delta variant in some countries and scepticism over an Organization of the Petroleum Exporting Countries and partners (OPEC+) deal to support supply clouded the short-term outlook for the black liquid, nevertheless. …
The latest data showed that China’s economy is still rising, but the growth slowed in the second quarter. The recovery slows as higher raw material costs, supply chain disruptions, and new coronavirus outbreaks. According to China’s National Bureau of Statistics, Gross Domestic Product increased 7.9% in the April-to-June quarter compared with the same period a …
China’s economy is still rising, but the growth slowed in Q2 Read More »
Oil was falling Thursday morning in Asia, with a new rally fizzling, as build-in U.S. gasoline inventories and a possible Organization of the Petroleum Exporting Countries and partners (OPEC+) arrangement to increase supply clouded the black liquid’s outlook. Brent oil futures were under 0.68% to $74.25 by 1:38 AM ET (5:38 AM GMT) and WTI …
OPEC+ dispute decision starts oil supply trouble Read More »
China’s demand, heat in the Pacific Northwest and drought in Brazil produce deficiencies of primary electricity-generating fuels. Extreme heat in Canada and the Pacific Northwest has also boosted the demand for gas. Some places are missing, such as Pakistan, where gas deficits and the postponed onset of the summer monsoon have appeared in power outages. …
Natural gas record prices give power markets a jolt Read More »
The European Union is expected to propose an unprecedented overhaul to its carbon market this week, attempting to put a price on shipping emissions for the first time. And the region’s shipowners are deeply worried. The European Commission, the EU’s executive arm, is established to present its green fuel law for EU shipping on Wednesday. …
The world`s biggest carbon market is set for improvement Read More »
According to the chief executive of the Institute of International Finance (IIF), there is huge upside potential for voluntary carbon credits. IIF announced that the market is likely to be worth as much as $100 billion by 2050. As we know, policymakers, as well as business leaders, are under intensifying pressure to fulfill promises made …
IIF sees great potential for voluntary carbon credits Read More »
Gold is going for a third weekly advance, with the haven metal growing on anxiety about the spread of coronavirus variants and the prospect of extended dovish monetary policy. Bullion is gaining back investors following a gloomy June. There are concerns that the world’s exit from the epidemic may be more fraught than expected. Restored …
Gold fell on Thursday morning in Asia as investors proceeded to consider the U.S. Federal Reserve’s minutes from its newest policy meeting. A strengthening dollar and weaker U.S. Treasury yield also defined gains for the yellow metal. Gold futures were falling 0.30% to $1,796.65 by 12:35 AM ET (4:35 AM GMT). The dollar, which normally …
Gold drops as investors digest latest Fed meeting minutes Read More »
Samsung Electronics Co Ltd reported a likely 53 percent increase in second-quarter operating profit on Wednesday. This is a step up on market expectations due to solid chip prices and demand despite lower smartphone sales. The preliminary result is up 33% from the first quarter, highlighting the soaring demand for chips with depleted stockpiles due …
Gold was higher on Wednesday morning in Asia after scoring a three-week high throughout the previous session. A weakening dollar also gave the yellow metal a lift as investors anticipate the U.S. Federal Reserve’s latest policy meeting minutes. Gold futures were higher 0.25% to $1,798.60 by 12:41 AM ET after rising to their highest level …
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