Page 8 - Commodities Strategy News Today

Investment which again calls for more demand on the dollar. it can be good for consumers or businesses who are planning to buy a and also for those taking a trip overseas but not so good for commodities. you can make them more expensive to users of other currencies. gold and oil sank as investors reacted to the change in tuned from the feds. tom price is head of commodities strategy at liberum. what is driving the rise, in your view?— what is driving the rise, in our view? , ,, your view? the ...

By the end of the year, experts are optimistic that crude oil prices could recover to US$50 or above; however Nigeria’s summer gasoline glut could be a major drag on global energy prices

Strong Asian LNG demand soaks up India cargo diversions amid COVID-19 crisis Strong Asian LNG demand for summer and tight supply amid maintenance and outages at multiple terminals have helped the market absorb the spot LNG cargoes rejected by India due to its COVID-19 related lockdowns, according to traders and market participants. This has muted the market impact of the diversions and enabled Indian gas importers and their suppliers to find alternate destinations for contracted LNG volumes wit...

23 hours UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing 1 day New Mexico Proposes Tougher Emission Rules For Oil & Gas 1 day Grid Operator Unwittingly Shut Down Natural Gas During Texas Freeze 1 day China’s Natural Gas Imports Surge As Economy Recovers 1 day India Ramps Up Oil Imports From Saudi Arabia After Price Cut 2 days ERCOT Expects Record Power Demand In Texas This Summer ...

ASX to edge higher, Wall St consolidates Save Share Australian shares are set to edge modestly higher at the open. Wall Street eased after surging higher the previous session. ASX futures were up 16 points or 0.2 per cent to 6738 near 8am AEDT. The currency rose 0.7 per cent. The yield on the US 10-year note slipped 2 basis points to 1.40 per cent. Today’s GDP data could further bolster the Aussie. The data could be the catalyst to propel the $A higher again, according to Steven Dooley, cu...

Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister

$6.40 2.56% IGOs first half beat expectations in terms of operating income with earnings from the Nova project forming 70% of the total earnings. There will be no interim dividend while the broker assumes a final dividend of 6cps.   The addition of Greenbushes to the portfolio is a differentiator, highlights Credit Suisse, and provides investors exposure to the world’s premier global hard rock lithium asset and downstream hydroxide production. The broker views IGO as one of the leading ...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

No respite for Asian commodity markets from geopolitical risk Asian commodity markets are under no illusion that geopolitical risks will fade in the post-Trump era in 2021 but there is some optimism that it could be less unpredictable than waking up to prices moving on a single overnight tweet. US-China tensions are unlikely to ease but could become less confrontational and transactional, transforming into a more systematic rivalry over issues ranging from human rights, technology, and in what ...