Global Commodities Strategy News Today

Dubai Commodities Clearing Corp is well set for changes to a dollar-powered global economy

The commodities market bucked the trend of most markets in 2022, registering solid gains. The Ukraine conflict curtailed the supply of energy and food commodities, and prices soared. Will that pace diminish in 2023 as recessionary conditions dampen consumer confidence? Or will the uptake in demand from a reviving China keep prices high?

We put this market outlook in front of the team and asked which points they agreed with and where they felt JPMorgan got it wrong.

Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude up to $185 per barrel.

Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says

When will petrol prices start coming down? Will they ever come down? Apart from COE, these are the two foremost questions in the mind of motorists. Let us get straight to the point – and get the bad news over with: No. Based on what we know as of today, oil and petrol prices are going to remain high. Expect...

Russia’s invasion of Ukraine and the subsequent sanctions on Moscow are stoking fears of a potential supply shock that could compare with the 1973 Arab Oil Embargo

The global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply an...

Brent crude hit $99.50 this week as the conflict between the Ukraine and Russia jolted the geopolitical risk premium, but several analysts now believe oil could move lower in the near term

Global oil demand likely to rebound to pre-COVID levels by end-2021: analysts Global oil demand is expected to recover to pre-COVID-19 levels of around 100 million b/d by the end of the year driven by a strong rebound for gasoline, diesel and fuel oil, several analysts said Feb 23. But jet/kerosene, which used to account for around 8% of total global demand, is likely to remain very sluggish, and the aviation fuel will reach pre-crisis levels only in 2022 or even 2023, they added. Speaking at a...