Commodities Market News - International Business Times, Singapore

Commodities-Starved India Set to Play Big EV Role as it Discovers Huge 5.9 Million Tonne Lithium Reserves

According to a report by the International Energy Agency, the world is likely to face lithium shortages by as early as 2025.

Feb 11, 2023

By Jacob J

Crude Oil Markets: Prices to Hit $100 Per Barrel; OPEC Could Lift Output Curbs; Supply Crisis by 2024

While western sanctions against Russia will reduce global output, the Chinese opening up will boost demand, creating a supply crisis in 2024,

Feb 7, 2023

By Jacob J

Gold Breakout Around Corner? Dollar Decline, Stock Plunge to Drive Yellow Metal Past $3,000?

February gold futures ended the week at $1.927.10 an ounce, even as silver recorded a 21 percent jump in the last three months.

Jan 23, 2023

By Jacob J

Swedish Mining Company LKAB Finds Huge Rare Earths Deposits; Can Europe End Its China Dependence?

According to the European Commission estimates, as much as 98 percent of the rare earths minerals that Europe needs come from China.

Jan 14, 2023

By Jacob J

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

US to Become Net Crude Oil Exporter First Time Since 1945; Here's How it Works

According to US government data released in November last year, the country, which has long been known only as the biggest energy consumer in the world, imported only 1.1 million barrels per day of crude oil.

Jan 12, 2023

By Jacob J

Oil Price Could Surge to $140 Per Barrel on China Rebound and Russian Supply Loss - Analyst

According to an analyst there is a possibility that crude oil demand would grow by more than 4 million barrels per day in 2023.

Jan 7, 2023

By Jacob J

Moscow Bans Oil Sales to European Nations That Enforce Price Cap on Russian Crude

As per the EU decision, buyer nations that sign the G7-led price cap agreement can buy sea-borne Russia crude only if it is priced at or below $60.

Dec 28, 2022

By Jacob J

Russia Willing to Re-Start Gas Supplies to Europe Through Yamal Pipeline, Says Deputy PM

The Yamal-Europe Pipeline usually flows westward, but has been mostly reversed since December of 2021 as Poland turned away from buying from Russia in favour of drawing on stored gas in Germany.

Dec 26, 2022

By Reuters

Keystone Pipeline Shut After 14,000-Barrel Oil Spill in Kansas

The 622,000 barrel-per-day Keystone line is a critical artery shipping heavy Canadian crude from Alberta to refiners in the U.S. Midwest and the Gulf Coast.

Dec 9, 2022

By Reuters

Gold Prices at the Cusp of a Big Surge; Will Soar to $3,000 Per Ounce in 2023 - Analysts

If the prediction by Denmark's Saxo Bank comes true, gold prices will jump nearly 70 percent in 2023.

Dec 8, 2022

By Jacob J

EU Agrees $60 Price Cap on Russian Crude; Moscow Ramps Up Production to Meet Rising Asian Demand

The European Union price cap of $60 per barrel will likely come into effect next Monday.

Dec 3, 2022

By Jacob J

Oil Prices Tumble as Dire China Protests Worsen Economic Outlook

The unprecedented unrest has further darkened the outlook for the world's second largest economy, triggering a broad selloff in commodities and particularly depressing the oil markets.

Nov 28, 2022

By Jacob J

The Anti-Opec War: Will NOPEC Bill, Consumers' Bloc Succeed in Controlling Oil Price?

A bill that seeks to remove the anti-trust waiver enjoyed by state oil monopolies like Saudi Aramco and Russia's Rosneft has been doing the rounds for the last several years.

Nov 14, 2022

By Jacob J

Permian Basin Natural Gas Prices Edge Closer to Zero as Europe Prices Hover Near $30; Here's Why

Gas produced in the Waha region of the Permian Basin are selling for as little as 20 cents to 70 cents per million British thermal units in comparison with $28 per mmbtu in Europe.

Oct 25, 2022

By Jacob J

G-7 Price Cap on Russian Crude Will Turn Toothless, New Estimates Show

In a revealing estimate, a US Treasury official told Reuters that Russia could sell as much as 80-90 percent of its crude outside of the price cap mechanism.

Oct 21, 2022

By Jacob J

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Commodities Market News - International Business Times, Singapore

Commodities-Starved India Set to Play Big EV Role as it Discovers Huge 5.9 Million Tonne Lithium Reserves

Crude Oil Markets: Prices to Hit $100 Per Barrel; OPEC Could Lift Output Curbs; Supply Crisis by 2024

Gold Breakout Around Corner? Dollar Decline, Stock Plunge to Drive Yellow Metal Past $3,000?

Swedish Mining Company LKAB Finds Huge Rare Earths Deposits; Can Europe End Its China Dependence?

US to Become Net Crude Oil Exporter First Time Since 1945; Here's How it Works

Oil Price Could Surge to $140 Per Barrel on China Rebound and Russian Supply Loss - Analyst

Moscow Bans Oil Sales to European Nations That Enforce Price Cap on Russian Crude

Russia Willing to Re-Start Gas Supplies to Europe Through Yamal Pipeline, Says Deputy PM

Keystone Pipeline Shut After 14,000-Barrel Oil Spill in Kansas

Gold Prices at the Cusp of a Big Surge; Will Soar to $3,000 Per Ounce in 2023 - Analysts

EU Agrees $60 Price Cap on Russian Crude; Moscow Ramps Up Production to Meet Rising Asian Demand

Oil Prices Tumble as Dire China Protests Worsen Economic Outlook

The Anti-Opec War: Will NOPEC Bill, Consumers' Bloc Succeed in Controlling Oil Price?

Permian Basin Natural Gas Prices Edge Closer to Zero as Europe Prices Hover Near $30; Here's Why

G-7 Price Cap on Russian Crude Will Turn Toothless, New Estimates Show

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's