OPEC+ Focusing on Inventories Over Price Targets:  Oil Analyst Sen

OPEC+ Focusing on Inventories Over Price Targets: Oil Analyst Sen

Amrita Sen, founder and director of research at Energy Aspects, says OPEC+ is not looking to flood the market with an upcoming increase in production as oil heads for a third straight weekly loss. ...
September 27, 2024 at 08:45 am EDT
China stimulus, mighty gold puts silver on a streak, but not without risk

China stimulus, mighty gold puts silver on a streak, but not without risk

Silver prices have bubbled up to their highest in over a decade on the back of bullion's stellar bull run and China's stimulus measures, although some analysts expect the rally to fade as industrial...
September 26, 2024 at 12:40 pm EDT
ICE Canada Weekly Outlook :  Canola's Turnaround a 'Gift' Says Broker

ICE Canada Weekly Outlook : Canola's Turnaround a 'Gift' Says Broker

WINNIPEG, Manitoba--The turnaround in canola futures on the Intercontinental Exchange should be seen as a gift, according to broker Tony Tryhuk of RBC Dominion Securities in Winnipeg. Tryhuk...
September 25, 2024 at 02:54 pm EDT
Commodities Overview:  To infinity and beyond!

Commodities Overview: To infinity and beyond!

Every week, the commodities overview reviews the latest developments on the commodities markets, so that you can get a better understanding of the price variations in energy, metals and agricultural...
Zonebourse September 24, 2024 at 11:41 am EDT
Western ETF investors poised to heap fuel on gold's record rally

Western ETF investors poised to heap fuel on gold's record rally

Inflows into gold exchange-traded funds, particularly from Western investors, are set to rise in coming months, adding yet more positive stimulus for already record high bullion prices, analysts...
September 24, 2024 at 09:35 am EDT
Global equity funds draw big inflows ahead of Fed rate cut

Global equity funds draw big inflows ahead of Fed rate cut

Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle. According to LSEG...
September 20, 2024 at 08:54 am EDT
Gold prices near record, set for weekly gains on Fed rate-cut boost

Gold prices near record, set for weekly gains on Fed rate-cut boost

Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the...
September 20, 2024 at 02:14 am EDT
ICE Review :  Canola Slightly Lower After Choppy Trade

ICE Review : Canola Slightly Lower After Choppy Trade

WINNIPEG, Manitoba--The ICE Futures canola market moved back and forth before ending lower despite mostly positive sentiment in comparable oils. One trader said Thursday canola could be pivoting...
September 19, 2024 at 02:08 pm EDT
Chevron CEO Says Only Politics Can 'Get in the Way' of Natural Gas -- OPIS

Chevron CEO Says Only Politics Can 'Get in the Way' of Natural Gas -- OPIS

HOUSTON -- The Biden-Harris administration policy is getting in the way of a lower carbon future with its attempt to pause permitting of new LNG export projects, said Chevron Chief Executive Officer...
September 17, 2024 at 01:22 pm EDT
Commodities overview:  Gold maintains Olympic form

Commodities overview: Gold maintains Olympic form

Every week, the commodities overview reviews the latest developments on the commodities markets in a bid to gain a better understanding of the price variations in energy, metals and agricultural...
Zonebourse September 16, 2024 at 11:28 am EDT
Strong winds fan dozens of fires in Russia's Rostov region, governor says

Strong winds fan dozens of fires in Russia's Rostov region, governor says

Strong winds fanned fires sparked by downed power lines and carelessness in multiple settlements across Russia's southern Rostov region, Governor Vasily Golubev reported on Sunday. Since...
September 15, 2024 at 10:32 am EDT
Gold bulls set sights on previously dismissed record $3,000/oz milestone

Gold bulls set sights on previously dismissed record $3,000/oz milestone

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S....
September 13, 2024 at 07:35 am EDT
A golden Fed cut

A golden Fed cut

A look at the day ahead in U.S. and global markets by Amanda Cooper. What a difference a day makes. Just 24 hours ago, investors were coming to terms with the idea that a half-point rate...
September 13, 2024 at 06:08 am EDT
Zimbabwe blueberry farmers chase booming demand, face funding woes

Zimbabwe blueberry farmers chase booming demand, face funding woes

STORY: Zimbabwe's farmers are betting on blueberries. The country is one of the fastest growing producers globally, with demand for the fruit booming. But farmers are...
September 12, 2024 at 06:52 am EDT
Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on...
September 06, 2024 at 08:06 pm EDT
Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...
September 04, 2024 at 10:17 am EDT
AI likely to weigh on oil prices over the next decade, Goldman says

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable...
September 03, 2024 at 02:23 pm EDT
Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a more selective, less...
September 03, 2024 at 02:43 am EDT
Kepler Cheuvreux downgrades Avance Gas to Hold (Buy), target price NOK 128 (219)

Kepler Cheuvreux downgrades Avance Gas to Hold (Buy), target price NOK 128 (219)

Kepler Cheuvreux downgrades Avance Gas to Hold , target price NOK 128 ...
August 29, 2024 at 02:48 am EDT
Gold edges down on stronger dollar, market awaits US inflation data

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. ...
August 27, 2024 at 11:43 pm EDT