Gold futures ended more above Tuesday, getting a pull from a retreat in Treasury yields, but prices disappointed to recoup their loss from the prior session. Gold prices have risen after marking a double-bottom March 30, stated Adam Koos, president of Libertas Wealth Management Group, leading to a chart pattern that signals a possible bullish …
Gold prices finish higher amid a retreat in bond yields Read More »
In its first-quarter 2021 results on April 19, Coca-Cola Co. announces a recovery in demand from a year earlier as North America and Western Europe take longer to recover. Global unit case volume in March, nevertheless, turned to 2019 levels. The beverage giant’s first-quarter sales rose 5% to $9.02 billion, surpassing expectations of $8.6 billion. …
Coca-Cola raises prices to offset higher commodity costs Read More »
The Australian and New Zealand dollars began the week somewhat lower on Monday, following losses in oil and copper as coronavirus infections increase globally and notwithstanding bullish sentiment in more general Asian equities markets. The resource-sensitive Australian dollar increased to reach around flat at $0.7735 at midday, turning morning losses that forced the Aussie to …
Australian and New Zealand dollars struck by weak oil Read More »
In January, Occidental Petroleum announced it had completed something no other oil company had performed before: It sold a shipload of crude that it stated was 100% carbon-neutral. While the two-million-barrel cargo to India was devised to accommodate more than a million tons of planet-warming carbon throughout its lifecycle, from well to tailpipe, the Texas-based …
Oil companies practice offsets to claim green barrels Read More »
Canada is becoming ever more reliant on imported American oil. A new announcement from the country’s energy regulator implies establishing a counter-intuitive spin on the raging debate regarding cross-border pipelines and energy independence. The United States produced almost four out of every five barrels of imported crude in 2020, a year when the coronavirus epidemic …
U.S. oil consists of 77% of Canada`s foreign oil imports Read More »
Crude rose on Wednesday following industry data revealed U.S. oil inventories decreased more than expected, and OPEC boosted its outlook for oil demand. However, gains were capped by concerns regarding the COVID-19 and by increasing supplies of the energy resource. Brent crude futures climbed 42 cents, or 0.6%, to $64.09 a barrel at 0421 GMT, …
The oil keeps upward momentum but COVID-19 worries cap gains Read More »
Copper prices slipped on Monday on concerns that top metals consumer China desires to put a lid on rising commodity prices to manage off potential inflation. Concern regarding wavering demand and increasing copper inventories also showed on the market. Benchmark copper on the London Metal Exchange (LME) had declined 0.9% to $8,845 a tonne by …
Chinese fears of commodities price caps decrease copper Read More »
Price action in oil remains somewhat rangebound, with ICE Brent extending to trade about US$63/bbl. There has been little in the way of fresh catalysts for the oil market over the last week. Nevertheless, the market proceeds to follow US/ Iranian developments closely. Nuclear talks among the US and Iran on Friday worked as expected, …
Energy from material from plants and animals, or biomass, currently estimates for approximately 5% of U.S. energy usage, somewhat more than wind and solar power. Most U.S. energy use is still based on fossil fuels like petroleum and natural gas. The United States and other nations were trying to decrease overall carbon emissions and lowered …
U.S. renewable energy market could face feedstock deficit Read More »
Silver prices in the international markets have had a buoyant ride in the first quarter of 2021, with a high of $30.03 per ounce and a low of $23.75 per ounce. On the MCX, silver futures were exchanged at a high of Rs 74,426 per kg and a low of Rs 63,814 per kg. Stimulus …
Vital economic data from China and the United States established lift oil prices by 1% on Tuesday, recovering some of the prior session’s declines. Brent climbed 59 cents, or 1%, to resolve at $62.74 a barrel. U.S. West Texas Intermediate (WTI) crude rose 68 cents, or 1.2%, to end at $59.33 a barrel. Prices were …
Oil increases 1% on stronger U.S., China economic data Read More »
Giant South Korea steelmaker POSCO has started reviewing how it might complete a joint venture with a firm dominated by the military in Myanmar in the wake of the coup there in February, two people with the first-hand experience of the matter informed Reuters. As Myanmar’s army rulers proceed with a deadly crackdown on protest, …
POSCO wishes to exit Myanmar military-backed ventures Read More »
Gold prices were bound higher to Rs 44,865 per 10 gram on April 1 as members improved their position, as observed by the open interest. The precious metal was backed by US President Joe Biden’s $2.25 trillion infrastructure plan, relaxed monetary stance, and lockdown imposed by nations to restrict coronavirus spread. The yellow metal increased …
A group consisting of some of the world’s most prominent oil producers on Thursday chose to curb existing output cuts starting next month gradually. Starting in May, an added 350,000 barrels per day would be attached to the production. Another 350,000 will be arriving on the market in June. Come July, and the production will …
Other lockdowns’ announcement has not supported oil’s case, with Brent dropping more than 2% yesterday. After the news, France would join a month-long lockdown due to increasing coronavirus circumstances. At the same time, Italy will continue Covid-19 restrictions until the end of April. It is developments like these that do the job of OPEC+ challenging …
The commodities situation before the OPEC+ meeting Read More »
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