Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade

Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were...
April 22, 2020 at 03:26 pm
Negative $40 oil reflects panic - and U.S. crude market economic reality

Negative $40 oil reflects panic - and U.S. crude market economic reality

Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that the coronavirus pandemic has sapped demand...
April 20, 2020 at 06:04 pm
Oil mixed as weak Chinese data, growing U.S. supplies offset Trump plan to ease lockdown

Oil mixed as weak Chinese data, growing U.S. supplies offset Trump plan to ease lockdown

Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump's outlines for the U.S. economy...
April 17, 2020 at 03:46 pm
Barrick expects to meet annual targets despite coronavirus-led lockdowns

Barrick expects to meet annual targets despite coronavirus-led lockdowns

Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns.
April 16, 2020 at 10:13 am
Airbnb secures $1 billion investment from Silver Lake, Sixth Street

Airbnb secures $1 billion investment from Silver Lake, Sixth Street

Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak...
April 06, 2020 at 07:06 pm
Exclusive:  Silver Lake to seek more than $16 billion for buyout fund - sources

Exclusive: Silver Lake to seek more than $16 billion for buyout fund - sources

Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak,...
April 05, 2020 at 06:44 pm
Oil:  Why does the price of Brent deviates from WTI?

Oil: Why does the price of Brent deviates from WTI?

You have to be of a calm nature to follow oil markets recently. Fluctuations are violent due to unpublished data. The market was already suffering from various ills, including oversupply, and its...
Our Logo April 03, 2020 at 10:19 am
Daily price chart °2355639

WTI : Oil: U.S. storage capacities put to the test

The significant decline in world oil consumption due to the Covid-19 pandemic has added to the turbulence on the supply front with the price war between Russia and Saudi Arabia. The price of crude oil...
Our Logo March 30, 2020 at 04:10 am
Daily price chart °4948

BRENT CRUDE OIL SPOT : Oil Surplus and Global Recession Don't Mix

The significant decline in world oil consumption due to the Covid-19 pandemic has added to the turbulence on the supply front with the price war between Russia and Saudi Arabia. The price of crude oil...
Our Logo March 30, 2020 at 04:10 am
Nestle says cuts deforestation in its cocoa supply chain

Nestle says cuts deforestation in its cocoa supply chain

Nestle, the world's biggest food company, says it has made significant progress removing cocoa produced in protected forests in West Africa from its supply chain as pressure builds from consumers and...
March 27, 2020 at 08:19 am
WTI :  Crude oil futures rise, but support seen weak

WTI : Crude oil futures rise, but support seen weak

U.S. crude oil futures climbed nearly 3% on Tuesday in light trading as the Trump administration launched an effort to work with Saudi Arabia to stabilise oil prices.
March 23, 2020 at 11:57 pm
copper :  Echoing recession fears, gold's value rockets versus silver, copper

Copper : Echoing recession fears, gold's value rockets versus silver, copper

Gold's relative value to copper has surged to its highest in more than a decade and its worth versus silver is the highest on record as the spread of coronavirus hammers metals with industrial...
March 19, 2020 at 02:17 pm
How U.S. aluminium recyclers reap dividends from tariffs

How U.S. aluminium recyclers reap dividends from tariffs

North American aluminium recyclers and producers are using import tariffs to boost revenue at the expense of local beer and beverage firms, even though most of the metal used in their cans is not...
March 19, 2020 at 09:23 am
Canada's Kinross gold mine in Russia on lockdown after coronavirus suspected

Canada's Kinross gold mine in Russia on lockdown after coronavirus suspected

Canada's Kinross Gold Corp has isolated its Kupol mine in Russia's Far East after two workers were hospitalized with suspected coronavirus infections in the biggest mining lockdown since the outbreak...
March 18, 2020 at 03:36 pm
MILK CLASS III DA CMR FLOOR /C1 :  Panic buying forces British supermarkets to ration food

MILK CLASS III DA CMR FLOOR /C1 : Panic buying forces British supermarkets to ration food

Britain's biggest supermarkets, Tesco, Sainsbury's and Asda, limited purchases of all food products on Wednesday after frantic shoppers stripped shelves to prepare for possible isolation during the...
March 18, 2020 at 01:47 pm
Sumitomo Metal Mining :  Teck Resources halts Chile copper expansion due to coronavirus, shares fall

Sumitomo Metal Mining : Teck Resources halts Chile copper expansion due to coronavirus, shares fall

Shares in Teck Resources plunged as much as 21.7% on Wednesday after the Canadian miner suspended construction at a massive copper project in Chile to limit transmission of the novel coronavirus, as...
March 18, 2020 at 12:26 pm
Daily price chart °4947

GOLD : Gold: Even safe haven assets are shunned

The gold, which only a few days ago was still flying at its 7-year high of 1700 USD, is no longer a bulwark against the collapse of the stock markets. The coronavirus and its batch of exceptional...
Our Logo March 16, 2020 at 09:28 am
Barrick eyes $1.3 billion lift at Pueblo Viejo gold mine

Barrick eyes $1.3 billion lift at Pueblo Viejo gold mine

Barrick Gold Corp will look to spend $1.3 billion to extend the life of its Pueblo Viejo mine in the Dominican Republic beyond 2040, Chief Executive Officer Mark Bristow said on Wednesday, as the...
March 11, 2020 at 09:55 am
Twitter, Elliott in deal for Dorsey to stay CEO and add directors

Twitter, Elliott in deal for Dorsey to stay CEO and add directors

Twitter Inc on Monday reached an agreement with Elliott Management that lets Jack Dorsey stay as chief executive and adds three new directors a few days after Elliott's plan to push out the social...
March 09, 2020 at 07:22 pm
Daily price chart °2355639

WTI : Oil: Towards a new price war

A very heavy mood weighs on the oil markets today, the same one that prevailed in 2014 when Saudi Arabia and the United States were head-on battles to gain and maintain market share respectively.
Our Logo March 09, 2020 at 06:39 am