Analysis: Commodities

BRENT CRUDE OIL SPOT: Oil: The Holy Grail of rebalancing at your fingertips?

What a twist. Two months after crossing the absolute zero line, US crude oil is trading at $41, up more than 90% since May 1st. The trajectory is similar for the European benchmark, which is trading...

Banro agrees sale of troubled Namoya gold mine in Congo

By Helen Reid Canadian miner Banro Corporation has agreed to sell its Namoya Mining gold mine in Democratic Republic of Congo to Shomka Resources Ltd, in which China's Baiyin...

Kinross Gold resolves Mauritania disputes and secures expansion

Canadian mining firm Kinross Gold on Monday said it reached an agreement with Mauritania's government under which the company will pay a total of $25 million to resolve disputes over fuel use, tax...

Prepping portfolios for next market storm? Not just gold and govvies

By Saikat Chatterjee and Dhara Ranasinghe G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to...

Canada's CIBC lost $64 million in a day on paper in gold market turmoil

By Peter Hobson Canadian Imperial Bank of Commerce took a mark-to-market trading loss of C$88.2 million in one day in March due mainly to volatility in the gold market, the bank said...

Miner Hudbay Minerals expects delay to Peru copper expansion

Canadian miner Hudbay Minerals Inc expects a delay of up to four months before it can start mining an extension at its Constancia copper mine in Peru, the miner's chief executive said on Thursday. ...

BRENT CRUDE OIL SPOT: Oil: From Pessimism to Optimism

Oil prices have been recovering for several weeks after the historic fall in WTI prices to below the zero dollar mark, and have since recovered significantly, supported by improved prospects.

Exclusive: India resumes purchases of Malaysian palm oil - traders

By Rajendra Jadhav and Naveen Thukral Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in...

Oil jumps to two-month high on easing lockdowns, positive vaccine results

By Scott DiSavino Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic...

Oil surges more than 13% on hopes of output deal

By Jessica Resnick-Ault Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a...

Nutrien lowers 2020 forecast as corn demand, potash prices hit

Canadian fertilizer maker Nutrien Ltd said on Wednesday it has seen limited impact from the coronavirus outbreak, but cut its annual forecast as oil downturn hit corn demand and potash prices are...

Gold price boosts Barrick profit as miner eyes copper deals

By Arundhati Sarkar, Zandi Shabalala and Helen Reid Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up...

Exclusive: Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief - sources

By Corina Pons and Mayela Armas Venezuela is asking the Bank of England to sell part of the South American nation's gold reserves held in its coffers and send the proceeds to the United...

London Brent Oil : Why all eyes will be on the expiry of Brent oil futures this week

By Julia Payne The expiry of the June contract for Brent oil futures in Europe on Thursday will possibly be the most watched event in oil markets for some time after the U.S. benchmark...

Starbucks : Luckin Coffee delays annual filing amid accounting probes

Luckin Coffee Inc said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions of dollars worth of fabricated sales. ...

Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stock markets across the globe eked out gains on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of...

Brent rises on easing lockdowns, U.S. crude falls amid storage shortage

Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut...

Freight : Poland's LOT in talks to convert Boeing Dreamliners for freight

Polish airline LOT is in talks with Boeing to modify its 787 Dreamliner jets into temporary cargo carriers, a LOT spokesman told Reuters, in a move that could help to narrow losses from the...

Dollar stronger as euro zone stimulus uncertainty weighs on euro

The U.S. dollar edged higher against the euro in a choppy session on Thursday after a video conference of European Union leaders looking to set up a joint fund to avert an economic collapse in parts...