Gold prices scaled over an eight-month peak on Friday, surpassing the key $1,900 level, as cooling US inflation raised hopes for slower interest rate hikes from the Federal Reserve. Spot gold rose 0.9% to […]
Copper prices paused their rally on Friday but were set to end the week with a 6.6% gain on hopes that a weaker dollar and China’s dismantling of covid-19 restrictions will lift demand. China’s zero-covid […]
High potash prices will likely persist as the world scrambles to bring more production online amidst concerns over food security, privately held developer Brazil Potash says. Protectionism from some countries has been a wakeup call to […]
From: Inside Story Failure of a safety-critical system forced the grounding of all departing planes in the United States for 90 minutes on Wednesday. Thousands of flights were disrupted – domestic and international – with […]
As OilPrice’s Alex Kimani writes, oil prices have kicked off the new year on the back foot, tumbling to large losses in the first week before staging a modest recovery in the second as demand […]
Tesla Inc. shares slid in premarket trading after slashing prices of its vehicles sold in the US. The goal is to attract new buyers as the electric vehicle maker struggles with a significant demand problem. […]
Iran has welcomed the possibility of a rapprochement between its ally Syria and Turkey, the main backer of the political and armed opposition to Damascus for more than a decade. “We are happy with the […]
The Caspian Pipeline Consortium (CPC), which handles the transportation and exports of most of the crude oil pumped in Kazakhstan, is ready to transport more crude to the export terminals on the Black Sea, CPC’s […]
After central bankers brought about recessions in the past, the world economy was able to recover by adding more energy supply. This time we are dealing with a situation of true depletion; there is no […]
China’s oil demand is expected to hit a record high 16 million bpd this year, an increase of 800,000 bpd. Having lifted its zero-Covid policy, China is currently suffering through an exit wave of Covid […]
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