Makers of lab-grown stones vie with De Beers and Alrosa to attract climate-conscious consumers [Read More...]

Brazil’s Bolsonaro intervenes to oust Petrobras chief
Rightwing populist president intends to replace head of oil producer with army general [Read More...]
Commodities Corner: Copper Soars to Nine-Year High, Lean Hogs Spike 15%
The Red Metal Sees Green It was running the bulls in the copper market this past week as the red metal topped $4 for the first time since the end of 2011. The bullish sentiment gave the industrial metal a 7% gain for the week, buoyed by strong Chinese demand and forecasts of a supply deficit this year. Is this sustainable or could copper prices head back down to earth? Over the last several months, the world’s largest copper consumer, China, has acquired vast volumes of the industrial metal to restock its inventories. As the nation accelerates its economic recovery, copper remains a critical component for everything, from construction to manufacturing to green energy. Many factories had remained open during this year’s Lunar New Year holiday, … [Read More...]
Commodity rally raises hopes of new bull run
Asset class benefits from investor demand for a hedge against increased inflation [Read More...]
Arctic blast triggers power squeeze in energy-rich Texas
A historic freeze has hit power markets hard in the US state [Read More...]
Commodities Corner: Middle East Tensions, Winter Blues Lift Energy Prices
Middle East Strife Sparks Late Crude Rally US crude oil futures soared during the Friday trading session, allowing West Texas Intermediate (WTI) contracts to target $60 for the first time in about a year. But why did oil prices suddenly enjoy an end-of-week spike? Geopolitical tensions. In the Middle East, the Iran-backed Houthis political group announced that it attacked an international airport and airbase in Saudi Arabia with drones. While the Saudis have not confirmed the attacks, Riyadh has been consistently fighting the Houthis since 2015 in Yemen. What made the developments even more noteworthy was that President Joe Biden directed the State Department to revoke the Houthis’ terrorist designation, potentially setting up a diplomatic conflict with Saudi Arabia. Political analysts believe that the decision … [Read More...]
Beny Steinmetz battles to stay out of jail
Swiss bribery conviction narrows options for Israeli mining tycoon fighting claims for billions of dollars [Read More...]
Corporate Europe take heed: climate lawsuits are coming
Plus: We analyse why oil prices are on the up, why wind power continues to rise, and what the EIA’s Annual Energy Outlook divines for future decades [Read More...]
Why This Bull Run Will Be Different from the Last Time
Just days after Microstrategy pitched Bitcoin to over 1,400 companies, the cryptocurrency broke through the crucial level at $35,000. In a strong recovery rally, Bitcoin continued to soar till it broke $40,000 earlier today. At 19:08 GMT, a price of a BTC was trading at $40,045, a gain of 6.03% in the last 24 hours. This is the first time in 23 days Bitcoin is achieving this price mark. As it stands, it appears the combination of a less crowded Bitcoin futures market, the whales order flow reaching an all-time high, and a fast recovery would help maintain Bitcoin above the $40,000 mark. Whales order flow causing Bitcoin recovery Earlier on January 29, a Bitcoin researcher and analyst called the “Material Scientist” noted that mega whales order flow reached an … [Read More...]
Markets latest: GameStop closes up 68% – as it happened
SOURCE: Commodities – Read entire story here.
Shell loses Dutch case over Nigeria oil spills
Judgment against local subsidiary in parent company’s jurisdiction could set legal precedent [Read More...]
Bitcoin Reclaims Key Level After Friday’s Price Action
The last few days has seen some price action for the king cryptocurrency. A quick “pump and dump” rally occurred yesterday pushing the price per coin to around $38,000 before quickly plummeting to $32,000. This revealed that there are many bears looking to fade BTC’s price action. Although, the coin has recovered and not showing signs of falling further, the price action has remained. As Bitcoin show heavy market action, alternative coins are also struggling to gain massive momentum as bears continue to sell. The direction of the pioneer cryptocurrency in the next few weeks is dependent on if bulls can hold off the bears sell off which resulted in Bitcoin recent fall. At 17:52 GMT on Saturday, Bitcoin was trading at $34,262, losing 2.13% in … [Read More...]
American entrepreneurs wade into murky Syrian oil business
Analysts are sceptical that, even with US support, oil company can succeed in Kurdish-held area [Read More...]
Canada must ‘respect’ decision to cancel Keystone XL, minister says
Ottawa’s acquiescence to Biden move on pipeline draws condemnation from leaders in oil-rich Alberta [Read More...]
Bitcoin Fall: Is This the End of the Bull Run?
While 2021 started out as a promising year for Bitcoin, the last 7 days has shown a fading bullish rally. The price action on the charts as enabled the flagship cryptocurrency to register new ATHs. Bitcoin has reversed all the way from around $42k to $31,924, where it stood at 5:40 PM GMT press time. The reversal poses two questions: does this reversal signal the end of the bull run? Or does it mean a wider scale correction similar to what happened in January 2018? Or as many traders would see it, is Bitcoin stabilizing above its previous ATH and maintaining much of the gains it raked up since December 2020? Social volume show positive outlook It appears that Bitcoin’s social volume metric can help elaborate what happened with the … [Read More...]
BHP’s Mike Henry: core values are the leadership bedrock for mining boss
The Australian group’s chief says understanding what ‘goes on at the coal face’ helped him navigate the pandemic [Read More...]
Total quits powerful US oil lobby over climate policy
First major oil group to cut ties with American Petroleum Institute spotlights US-Europe rift [Read More...]
Commodities Week in Review: January 11 to January 15
Commodities Week in Review: January 11 to January 15 Agriculture The agriculture market had a surprisingly good week, despite a strengthening US dollar. Agricultural commodities ballooned over the last five sessions on strong fundamentals, including surging foreign demand, tightening supplies, and volatile weather conditions. Agriculture prices are expected to climb even further in 2021 amid the COVID-19 global public health crisis. Cocoa Friday Settlement: +$8.00, or 0.32%, to $2,535 per metric tons Weekly Performance: +1.2% YTD Performance: -2.39% Coffee Friday Settlement: -$0.004, or 0.31%, to $1.2775 per pound Weekly Performance: +3.86% YTD Performance: +0.35% Corn Friday Settlement: -$0.035, or 0.66%, to $5.3075 per pound Weekly Performance: +6.79% YTD Performance: +9.26% Cotton Friday Settlement: -0.38 cent, or 0.47%, to 80.77 cents per pound Weekly Performance: +1.19% YTD … [Read More...]
Pork prices climb in Taiwan after shoppers reject US imports
Tsai Ing-wen’s attempt to secure trade deal has been upended by fears over feed additive [Read More...]
A Democratic Senate provides a surge for Biden’s energy agenda
Plus: Trump’s Arctic drilling plans fall flat, America’s shale patch starts 2021 off right and more [Read More...]
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