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Commodities
Disappointment with OPEC+ Decision Limits Earnings
Disappointment with OPEC+ Decision Limits Earnings
WTI and Brent crude oil futures traded slightly lower at the end of Monday's session. Particularly, after…
Nornickel to Increase Platinum and Palladium Production
Nornickel to Increase Platinum and Palladium Production by 50% in the Next Decade
The Russian mining company Nornickel has set itself a goal for the next ten years…
OPEC Plus agreement on a gradual production increase in 2021
OPEC Plus agreement on a gradual increase in oil production in 2021
The decline in OPEC Plus members' oil production in the first month of 2021 will be 7.2 million…
Oil prices fell as producers disagreed over reducing supply
Oil prices fell as producers disagreed over the need to reduce current production
WTI and Brent crude oil futures are trading lower while remaining in the same…
Platinum Demand Recovers Thanks to China’s Jewelry Sector
Global Demand for Platinum Recovers Thanks to China's Jewelery Sector
Like the rest of the precious metals, platinum has suffered the consequences of the Covid-19…
OPEC + Postpones its Meeting
OPEC + Postpones its Meeting to Give More Time to Negotiations
The meeting of the ministers of the OPEC + alliance got postponed to Thursday. Its objective is to…
Gold Continues its Fall and Accents Losses Below $1,800
Gold Continues its Fall and Accents Losses Below $1,800
Gold has started the week with losses after falling below $1,800 on Friday. Last week, it accumulated a 1.3%…
Trump Denies Permission to Pebble Mine in Alaska
The Trump Administration Denies Permission to Exploit a Pebble Mine in Alaska
The US administration on Wednesday rejected a permit for the controversial Pebble Mine…
Canada’s Oil and Gas Sector Set a Record for Layoffs
Canada's Oil and Gas Sector Set a Record for Layoffs
37% of oil and gas companies in Canada have been forced to adjust their permanent staff due to the fall in oil…
Oil Prices Rise for the Fourth Day in a Row
Oil Prices Rise for the Fourth Day in a Row
Oil prices rose for the fourth day in a row today, according to Reuters.
The market ignored reports of an increase…
JPMorgan has Gained the Most from Precious Metals in 2020
JPMorgan has Gained the Most from Precious Metals in 2020
US investment bank JPMorgan has posted record revenues of nearly $1 billion from precious metals so far in…
Investors Expect Gold Prices to Keep Rising
Investors Expect Gold Prices to Keep Rising
Since the beginning of the year, gold has been appreciated by 24%. The precious metal is outperforming the leading world…
Gold is Main Export Product in 23 Countries
Gold is the Main Export Product in 23 Countries
Commodities are the most exported products in the world. A total of 50 countries have crude oil as their main export…
Oil Analysts Suggest Selling on Optimism
Oil Analysts Suggest Selling on Optimism
The WTI crude oil has shown some resilience but it is not necessarily ready to break higher. There's a complete disconnect…
Demand for Platinum Bars and Coins will Rise by 123%
Demand for Platinum Bars and Coins will Rise by 123%
In the 3rd quarter of the year, both the supply and the demand for platinum dropped because of the Covid-19…
Crude Oil Recovers on Covid-19 Vaccine News
Crude Oil Recovers on the Covid-19 Vaccine News
The West Texas Intermediate crude oil market rose a bit during Monday's trading session. Moreover, it broke the…
The surge in Covid-19 cases support gold prices
The surge in Covid-19 cases support gold prices
Gold futures settled with heavy losses during the week. Following days, the market tried to recover these losses.…
The Demand for Silver is Skyrocketing
The Demand for Silver is Skyrocketing
Silver is one of the most desired metals this year. Its demand, especially in the form of investment coins, has…
OPEC+ May Postpone a Planned Increase in Production
OPEC+ May Postpone a Planned Increase in Production
This Thursday, WTI and Brent crude oil futures are rising slightly. This occurred after recovering from a slight…
Gold consolidates losses after finding support at $1,850
Gold consolidates losses after finding support at $1,850
Gold was trading in consolidation on Tuesday after falling sharply on Monday on news of progress on a…