Analysis: Commodities

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...

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...

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...

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.

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...

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,...

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 Fluctuations are violent due to unpublished data.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...

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...

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...

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...

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.

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...

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...

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...

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...

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...

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...

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...

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...