Opalesque Commodities Briefing » Market Pulse http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Commodities Still Face Iron Laws of Supply and Demand http://www.opalesque.com/Commodities_Briefing/?p=144499 http://www.opalesque.com/Commodities_Briefing/?p=144499#comments Wed, 23 Nov 2016 23:15:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144499 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144499>Article Link</a> Investors should watch miners’ 2016 results carefully to see whether firms take the bait of higher prices and let capital expenditures drift up again. Mining executives are a sober lot these days. “Capital discipline” has replaced “commodity supercycle” as the industry catchphrase. (more…)

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Russia’s Trade With Finland Falls Due to Oil Price Slump - Deputy Prime Minister http://www.opalesque.com/Commodities_Briefing/?p=144491 http://www.opalesque.com/Commodities_Briefing/?p=144491#comments Wed, 23 Nov 2016 23:13:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144491 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144491>Article Link</a> Despite the fall, Finland remains an important trade partner for Russia, the deputy prime minister stressed. “Between January and September 2016, the volume of trade between Russia and Finland came to around $6.2 billion, falling 20 percent compared to the same period last year. (more…)

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Is the copper mine supply wave peaking? Andy Home http://www.opalesque.com/Commodities_Briefing/?p=144460 http://www.opalesque.com/Commodities_Briefing/?p=144460#comments Tue, 22 Nov 2016 23:21:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144460 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144460>Article Link</a> Copper’s recent turbo-charged rally has upended the market’s narrative of supply surplus. Too much supply was supposedly the reason why copper, until this month, was the worst performer among the base metals traded on the London Metal Exchange (LME). (more…)

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Gold Reverses Gains Under Pressure From Stronger Dollar http://www.opalesque.com/Commodities_Briefing/?p=144405 http://www.opalesque.com/Commodities_Briefing/?p=144405#comments Thu, 17 Nov 2016 23:27:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144405 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144405>Article Link</a> Gold prices close at a five-month low; Janet Yellen said that a rate increase ‘could well become appropriate relatively soon’. Gold prices closed at a five-month low on Thursday, weighed down by a stronger U.S. dollar and expectations for an interest-rate increase as early as December. (more…)

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IEA warns of another boom-bust cycle in oil http://www.opalesque.com/Commodities_Briefing/?p=144388 http://www.opalesque.com/Commodities_Briefing/?p=144388#comments Wed, 16 Nov 2016 23:23:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144388 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144388>Article Link</a> Commodities were broadly lower as the US dollar notched up fresh multi-year highs, even as analysts sounded a bullish note on oil and gold. Front month Brent crude futures fell back, albeit following sharp gains in the previous session, with Brent down 0.5% to $46.72 while West Texas Intermediate was drifting 0.2% lower to $45.71 on the ICE. (more…)

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US election risks for commodities markets – Westpac http://www.opalesque.com/Commodities_Briefing/?p=144250 http://www.opalesque.com/Commodities_Briefing/?p=144250#comments Tue, 08 Nov 2016 23:13:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144250 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144250>Article Link</a> Research Team at Westpac, lists down the US election risks for equities and commodities markets by taking reference from the recent Brexit scenario. Expect a similar outcome to Brexit - safe haven demand for gold should push it higher on a Trump win. (more…)

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Iraq Seeks Exemption from OPEC Production Deal on Islamic State War http://www.opalesque.com/Commodities_Briefing/?p=144095 http://www.opalesque.com/Commodities_Briefing/?p=144095#comments Fri, 28 Oct 2016 01:26:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144095 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144095>Article Link</a> Iraq is arguing that its intensifying war against Islamic State won’t allow it to reduce output along with other OPEC members, threatening to derail the landmark agreement. (more…)

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Gold Falls As Concerns About Rising Interest Rates Weigh on Demand http://www.opalesque.com/Commodities_Briefing/?p=144073 http://www.opalesque.com/Commodities_Briefing/?p=144073#comments Wed, 26 Oct 2016 22:10:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144073 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144073>Article Link</a> Expectations of tightening monetary policy tend to be bearish for gold. The metal doesn’t pay interest and struggles to compete with other investments when rates rise. (more…)

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Iraq is balking at OPEC’s oil output deal http://www.opalesque.com/Commodities_Briefing/?p=144055 http://www.opalesque.com/Commodities_Briefing/?p=144055#comments Wed, 26 Oct 2016 00:14:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144055 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144055>Article Link</a> Iraq’s insistence that it should be exempt from a proposed deal to limit oil output may sound audacious coming from OPEC’s second largest producer, but analysts say it’s entirely possible that top exporter Saudi Arabia will give Baghdad a pass. (more…)

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Can the oil market be controlled? http://www.opalesque.com/Commodities_Briefing/?p=144036 http://www.opalesque.com/Commodities_Briefing/?p=144036#comments Mon, 24 Oct 2016 22:16:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144036 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144036>Article Link</a> Saudi Arabia pushes to freeze oil production and Russia signals its support. It seems OPEC is trying to increase prices again and strengthen oil producing economies. Some of the organisation’s energy ministers met their counterpart from non-OPEC member Russia on Sunday. (more…)

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Iran says hopes Russia, Saudi can agree on oil market moves http://www.opalesque.com/Commodities_Briefing/?p=144018 http://www.opalesque.com/Commodities_Briefing/?p=144018#comments Mon, 24 Oct 2016 02:34:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144018 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144018>Article Link</a> Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, Iranian Oil Minister Bijan Zanganeh said on Sunday. “I hope the two sides can reach an understanding, … that and Russia and non-OPEC countries will reach an understanding over the decision by OPEC members to decrease oil production,” said Zanganeh. (more…)

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Chinese Gold Demand to Remain Firm in 2017 WGC http://www.opalesque.com/Commodities_Briefing/?p=143976 http://www.opalesque.com/Commodities_Briefing/?p=143976#comments Wed, 19 Oct 2016 22:28:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143976 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143976>Article Link</a> One of the world’s largest gold-consuming nations is expected to see firm bullion demand this year and the next, according to one regional director of the World Gold Council. (more…)

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TDS: ‘We Still See A Place In Many Portfolios To Hold Gold’ http://www.opalesque.com/Commodities_Briefing/?p=143953 http://www.opalesque.com/Commodities_Briefing/?p=143953#comments Tue, 18 Oct 2016 22:16:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143953 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143953>Article Link</a> While gold’s performance in the immediate future may hinge on economic data and Federal Reserve rate-hike expectations, analysts with TD Securities “still see a place in many portfolios” for the yellow metal. (more…)

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Chinese government calls the shots in mining http://www.opalesque.com/Commodities_Briefing/?p=143948 http://www.opalesque.com/Commodities_Briefing/?p=143948#comments Tue, 18 Oct 2016 22:14:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143948 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143948>Article Link</a> Investec has released a note in which it says China, and in particular, Chinese government policy is the main driver in the recovery of the mining sector along with selected commodities this year. (more…)

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Singapore makes another bid for Asia to help set gold price http://www.opalesque.com/Commodities_Briefing/?p=143934 http://www.opalesque.com/Commodities_Briefing/?p=143934#comments Mon, 17 Oct 2016 22:25:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143934 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143934>Article Link</a> Singapore will study the possibility of bringing the gold benchmark pricing in London to users in Asia, in a move that would also allow market participants in the world’s top consuming region to help set the price of bullion. (more…)

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Is commodities a key call for 2017 http://www.opalesque.com/Commodities_Briefing/?p=143902 http://www.opalesque.com/Commodities_Briefing/?p=143902#comments Fri, 14 Oct 2016 02:25:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143902 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143902>Article Link</a> 2016 has been a good year for commodities. Year-to-date, the FTSE world Mining index is up just less than 56% in dollar terms, while the FTSE oil and gas index is up just less than 20%. (more…)

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Sell Gold Now – A Note from GoldCore CEO Stephen Flood http://www.opalesque.com/Commodities_Briefing/?p=143892 http://www.opalesque.com/Commodities_Briefing/?p=143892#comments Fri, 14 Oct 2016 02:22:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143892 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143892>Article Link</a> It has never been more important to own gold as part of a diversified portfolio. The form your gold investment takes is just as important as owning it in the first place. ETFs and pooled gold may not be functional in extreme markets and may themselves be subject to systemic risk events. (more…)

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OPEC: We caught the markets off-guard with production limit http://www.opalesque.com/Commodities_Briefing/?p=143873 http://www.opalesque.com/Commodities_Briefing/?p=143873#comments Wed, 12 Oct 2016 22:20:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143873 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143873>Article Link</a> Demand for crude oil in 2016 is seen edging higher compared to last year, while supply is forecast to be slightly lower, according to the October OPEC market report, which highlights how money managers were caught out by a new deal to limit production. (more…)

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Iraq To Increase Oil Output http://www.opalesque.com/Commodities_Briefing/?p=143814 http://www.opalesque.com/Commodities_Briefing/?p=143814#comments Sun, 09 Oct 2016 23:36:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143814 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143814>Article Link</a> Iraq could increase its oil production despite OPEC’s recent announcement. This has to trouble OPEC, and mostly Saudi Arabia, who has been trying to micromanage global oil prices over the past few weeks with announcements to agree to agree to production cuts at OPEC’s next meeting in November. (more…)

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Gold’s Bull Market Still Intact, Says Analyst http://www.opalesque.com/Commodities_Briefing/?p=143807 http://www.opalesque.com/Commodities_Briefing/?p=143807#comments Sun, 09 Oct 2016 23:34:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143807 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143807>Article Link</a> Let’s cut to the chase: we do not think the drop in gold earlier this week marks the end of this bull market. Why did gold drop? First, I think it’s fair to say that, technically, gold was looking increasingly vulnerable over the past several weeks. (more…)

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Metals lack impetus, lead/zinc off highs as tightness eases http://www.opalesque.com/Commodities_Briefing/?p=143781 http://www.opalesque.com/Commodities_Briefing/?p=143781#comments Thu, 06 Oct 2016 22:43:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143781 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143781>Article Link</a> Base metals continued to trade sideways-to-lower on the LME on Thursday, October 6 while investors remained sidelined ahead of key data and economic news. (more…)

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Deutsche Bank Strategist Says the Gold Crash Is Just Getting Started http://www.opalesque.com/Commodities_Briefing/?p=143765 http://www.opalesque.com/Commodities_Briefing/?p=143765#comments Wed, 05 Oct 2016 23:29:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143765 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143765>Article Link</a> It has been a good ride for gold holders this year, as bullion posted its best first half performance in almost four decades. With global interest rates hovering at record lows, investors have piled into the precious metal. (more…)

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A Compelling Idea Among Commodities http://www.opalesque.com/Commodities_Briefing/?p=143752 http://www.opalesque.com/Commodities_Briefing/?p=143752#comments Wed, 05 Oct 2016 01:57:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143752 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143752>Article Link</a> When it comes to commodities, plenty of investors are familiar with gold and oil, but there are times when other, less heralded commodities outperform bullion and crude. Of course, knowing when a particular commodity will fall out of favor and when it will be a leader is difficult. (more…)

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Gold sinks to lowest level since Brexit vote http://www.opalesque.com/Commodities_Briefing/?p=143744 http://www.opalesque.com/Commodities_Briefing/?p=143744#comments Wed, 05 Oct 2016 01:54:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143744 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143744>Article Link</a> Gold slumped 3 per cent to its lowest level since the UK vote to leave the EU as investors eye a US interest rate hike later this year and demand remains weak in India and China. The price of the precious metal fell by the most in more than a year to touch $1,270.4, its lowest level since June 24, the day after the referendum. Shares in gold miners also fell. . (more…)

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Is OPEC’s plan to cut oil production too late? http://www.opalesque.com/Commodities_Briefing/?p=143727 http://www.opalesque.com/Commodities_Briefing/?p=143727#comments Tue, 04 Oct 2016 00:10:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143727 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143727>Article Link</a> OPEC’s move to cut output might be too late. After pumping full tilt for the past two years, the Organisation of the Petroleum Exporting Countries is weighing a plan to reduce production by up to 700,000 barrels a day later this year. But many analysts say the proposed reduction isn’t big enough, nor will it happen quickly enough, to address a global supply glut that has kept oil prices low. (more…)

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Moody’s: Global integrated oil, gas business stabilizing http://www.opalesque.com/Commodities_Briefing/?p=143726 http://www.opalesque.com/Commodities_Briefing/?p=143726#comments Tue, 04 Oct 2016 00:10:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143726 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143726>Article Link</a> The global integrated oil and gas business is stabilizing and will likely improve modestly from recent historical lows over the next 12-18 months, says Moody’s Investors Service in a recent report. The report—“Integrated Oil & Gas: Global Oil Price Uptick, Accelerated Cost Cuts Put Upstream Activities on Road to Recovery”—says higher oil prices and lower operating costs are driving a steady improvement in companies’ earnings. (more…)

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Deflation risk and trade slump cast chill over global economy http://www.opalesque.com/Commodities_Briefing/?p=143708 http://www.opalesque.com/Commodities_Briefing/?p=143708#comments Mon, 03 Oct 2016 01:39:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143708 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143708>Article Link</a> IMF and WTO warn on threats posed by low inflation and tepid response by governments to slow growth. The world economy is at risk of slipping into a deflation trap and faces a historic slump in global trade that should serve as a wake-up call for governments around the world, two leading economic institutions have warned. (more…)

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OPEC’s roll of the dice http://www.opalesque.com/Commodities_Briefing/?p=143702 http://www.opalesque.com/Commodities_Briefing/?p=143702#comments Mon, 03 Oct 2016 01:38:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143702 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143702>Article Link</a> The agreement reached at the extraordinary meeting of the Organisation of the Petroleum Exporting Countries, in Algiers, to trim the cartel’s collective output by about 700,000 barrels a day, in an effort to balance supply and demand in the global oil market, caught markets by surprise. (more…)

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Is the oil world big enough for two swing producers? http://www.opalesque.com/Commodities_Briefing/?p=143683 http://www.opalesque.com/Commodities_Briefing/?p=143683#comments Thu, 29 Sep 2016 23:41:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143683 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143683>Article Link</a> This is what the oil market looks like in 2016: Traders and investors this week had one eye on Algiers, where the Organization of the Petroleum Exporting Countries on Wednesday vowed to cut production for the first time in eight years. (more…)

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BMO: Safe-Haven Demand To Drive Gold, Silver Prices Through To 2019 http://www.opalesque.com/Commodities_Briefing/?p=143678 http://www.opalesque.com/Commodities_Briefing/?p=143678#comments Thu, 29 Sep 2016 23:39:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143678 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143678>Article Link</a> Safe-haven demand will continue to drive gold and silver prices higher next year and support the precious metals market in the next three years, according to one Canadian bank that is making across-the-board revisions to its precious metals forecast. (more…)

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Amey: Oil Market Volatility More Behind Us than in Front http://www.opalesque.com/Commodities_Briefing/?p=143637 http://www.opalesque.com/Commodities_Briefing/?p=143637#comments Wed, 28 Sep 2016 03:56:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143637 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143637>Article Link</a> Suddenly the tables have been turned on Saudi Arabia. The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years OPEC price hawk. The government in Riyadh is now offering a deal — including its first output cut in eight years — to boost prices; Tehran is dragging its feet. (more…)

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Considering Commodities Amid A.P. Moeller-Maersk’s Split (Video) http://www.opalesque.com/Commodities_Briefing/?p=143579 http://www.opalesque.com/Commodities_Briefing/?p=143579#comments Thu, 22 Sep 2016 22:53:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143579 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143579>Article Link</a> Jonathan Bell, chief investment officer at Stanhope Capital, discusses A.P. Moeller-Maersk splitting and outlook for the commodities market as a whole. He speaks with Guy Johnson, Nejra Cehic and Caroline Hyde on Bloomberg Television’s “On The Move.”. (more…)

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Global Oil Glut Belies Risk From OPEC’s Dwindling Output Cushion http://www.opalesque.com/Commodities_Briefing/?p=143495 http://www.opalesque.com/Commodities_Briefing/?p=143495#comments Fri, 16 Sep 2016 01:01:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143495 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143495>Article Link</a> As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages. OPEC’s strategy of keeping its taps open is leaving a smaller cushion if there’s an unexpected need for more oil. (more…)

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Commodity traders accused of ‘illegitimate’ African fuel trade http://www.opalesque.com/Commodities_Briefing/?p=143484 http://www.opalesque.com/Commodities_Briefing/?p=143484#comments Fri, 16 Sep 2016 00:58:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143484 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143484>Article Link</a> An NGO has slammed Swiss commodity traders for allegedly making handsome profits from selling poor grade fuel to African countries that contains high concentrations of toxic substances, such as sulphur. (more…)

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OPEC and IEA say prices will stay lower for longer http://www.opalesque.com/Commodities_Briefing/?p=143473 http://www.opalesque.com/Commodities_Briefing/?p=143473#comments Thu, 15 Sep 2016 01:01:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143473 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143473>Article Link</a> The International Energy Agency (IEA) has said that the pace of global oil demand growth is dropping more quickly than initially predicted. In its latest monthly outlook, the agency lowered its forecast for oil demand growth in 2016 by 100,000 barrels per day, to 1.3 million b/d. It forecast the growth rate would be even lower in 2017, at 1.2 million b/d. (more…)

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OPEC points to larger 2017 oil surplus as rivals keep pumping http://www.opalesque.com/Commodities_Briefing/?p=143448 http://www.opalesque.com/Commodities_Briefing/?p=143448#comments Wed, 14 Sep 2016 01:39:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143448 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143448>Article Link</a> OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year, Reuters reported. (more…)

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Saudi and Russia finally ‘agree’ to work together – Bid to stabilize oil market http://www.opalesque.com/Commodities_Briefing/?p=143411 http://www.opalesque.com/Commodities_Briefing/?p=143411#comments Mon, 12 Sep 2016 00:59:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143411 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143411>Article Link</a> The two biggest oil producers in the world last week signed an oil agreement to cooperate for stabilizing the oil prices. This is what every oil producer has been waiting for, as some sort of understanding was required to try stabilizing the oil market particularly the oil prices. The two oil producers have finally agreed in principle to freeze oil production and persuade other producers to follow suit. So far so good! (more…)

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Investing in commodities: Of mice and markets http://www.opalesque.com/Commodities_Briefing/?p=143395 http://www.opalesque.com/Commodities_Briefing/?p=143395#comments Fri, 09 Sep 2016 00:50:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143395 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143395>Article Link</a> A surge in speculation is making commodity markets more volatile. A game of cat and mouse appears to be taking place in the oil market. The felines are big producers who want prices to go higher, the rodents speculators betting that they will fall. (more…)

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OPEC’s dire finances fuel oil freeze talks http://www.opalesque.com/Commodities_Briefing/?p=143367 http://www.opalesque.com/Commodities_Briefing/?p=143367#comments Thu, 08 Sep 2016 00:32:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143367 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143367>Article Link</a> Price wars can be painful — even for the mighty OPEC. That’s why the oil cartel, along with Russia, is once again entertaining a freeze in production aimed at putting a floor beneath low prices. (more…)

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OPEC Likely to Be Cautious on Output Cap http://www.opalesque.com/Commodities_Briefing/?p=143344 http://www.opalesque.com/Commodities_Briefing/?p=143344#comments Wed, 07 Sep 2016 03:55:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143344 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143344>Article Link</a> OPEC members face a dilemma in the run-up to a new round of oil-production talks later this month: They want to boost crude prices to raise their revenue, but they don’t want to send prices so high that North American shale-oil producers will lift their output. (more…)

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Gold Extends Biggest Jump Since Brexit on Lowered Fed Rate Bets http://www.opalesque.com/Commodities_Briefing/?p=143342 http://www.opalesque.com/Commodities_Briefing/?p=143342#comments Wed, 07 Sep 2016 03:54:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143342 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143342>Article Link</a> Gold built on its biggest daily increase since June and traded near the highest in almost three weeks as the dollar weakened amid diminishing chances of a U.S. interest-rate rise in September. (more…)

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Commodities: Flicker of optimism http://www.opalesque.com/Commodities_Briefing/?p=143309 http://www.opalesque.com/Commodities_Briefing/?p=143309#comments Mon, 05 Sep 2016 05:13:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143309 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143309>Article Link</a> Analysts and investors usually hang on the lips of Glencore CEO Ivan Glasenberg at the group’s results presentations to hear where one of the world’s top commodities traders thinks commodity prices are headed. (more…)

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Oil market cheers EIA changes to weekly statistics http://www.opalesque.com/Commodities_Briefing/?p=143264 http://www.opalesque.com/Commodities_Briefing/?p=143264#comments Thu, 01 Sep 2016 00:06:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143264 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143264>Article Link</a> The Energy Information Administration has made some changes to the way it reports figures on weekly U.S. oil production, exports and petroleum demand — and analysts say the moves mark a significant improvement to the data the market heavily relies on. (more…)

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Iron Ore Dubbed ‘Least Favorite’ by Clarksons as Miners Sink http://www.opalesque.com/Commodities_Briefing/?p=143258 http://www.opalesque.com/Commodities_Briefing/?p=143258#comments Thu, 01 Sep 2016 00:04:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143258 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143258>Article Link</a> Iron ore faces renewed pressure and prices may sink back below $50 a metric ton before year-end as rising supply offsets an improvement in Chinese demand, according to Clarksons Platou Securities Inc., which dubbed the raw material its least favorite commodity. (more…)

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Metals-Miners Run Out of Steam as Citigroup Cuts Outlook http://www.opalesque.com/Commodities_Briefing/?p=143255 http://www.opalesque.com/Commodities_Briefing/?p=143255#comments Thu, 01 Sep 2016 00:03:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143255 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143255>Article Link</a> Shares of gold and base-metals producers, among the best-performing industries on the S&P 500 Index this year, are showing signs of fatigue. A stronger dollar and concerns over the prospect of higher U.S. interest rates are helping send a gauge of gold-mining companies tracked by Bloomberg Intelligence to the biggest monthly decline in more than a year, while a base-metals index slides toward its first such loss since May. (more…)

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Oil executives say crude market volatility is here to stay http://www.opalesque.com/Commodities_Briefing/?p=143244 http://www.opalesque.com/Commodities_Briefing/?p=143244#comments Wed, 31 Aug 2016 00:59:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143244 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143244>Article Link</a> Crude markets will continue to be plagued by volatility in the short and medium term after suffering the biggest downturn in a generation over the past two years, according to oil-company executives gathering for one of the industry’s biggest conferences in Norway. (more…)

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India to be hit by economic crisis if oil price crosses $60: Subramanian Swamy http://www.opalesque.com/Commodities_Briefing/?p=143243 http://www.opalesque.com/Commodities_Briefing/?p=143243#comments Wed, 31 Aug 2016 00:58:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143243 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143243>Article Link</a> India will be hit by an economic crisis if crude oil price crosses USD 60 per barrel, BJP MP Subramanian Swamy said. “Given the state of our economy, if crude oil price per barrel rises above $60 then we will be hit by an economic crisis,” he tweeted. (more…)

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G20: Seven steps to sustained economic growth http://www.opalesque.com/Commodities_Briefing/?p=143215 http://www.opalesque.com/Commodities_Briefing/?p=143215#comments Tue, 30 Aug 2016 00:44:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143215 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143215>Article Link</a> The International Chamber of Commerce has put forward a set of business recommendations to help leaders of the world’s major economies prepare for discussions on the world’s most pressing economic policy challenges at next month’s G20 Summit taking place Hangzhou, China. (more…)

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OPEC’s market share at a good level, says UAE energy minister http://www.opalesque.com/Commodities_Briefing/?p=143206 http://www.opalesque.com/Commodities_Briefing/?p=143206#comments Mon, 29 Aug 2016 01:27:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143206 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143206>Article Link</a> OPEC’s share of the oil market is at a good level, UAE energy minister Suhail Bin Mohammed al-Mazroui said as the producer group continues to contend with low crude prices. “Regardless of the different views on the oil market, we see that the OPEC current market share is at a good level,” Mazroui said on his official Twitter account on Saturday. (more…)

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Water: The commodity underwriting our low-carbon future http://www.opalesque.com/Commodities_Briefing/?p=143131 http://www.opalesque.com/Commodities_Briefing/?p=143131#comments Wed, 24 Aug 2016 01:37:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143131 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143131>Article Link</a> The quintessential first thought when you think of saving water, drilled into us at childhood, is turning off the tap when you brush your teeth. As we age and the world advances — with a global climate agreement and the new Sustainable Development Goals — a broader view on water is now mainstream. (more…)

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‘Well-Timed’ OPEC Talk Forces Oil Bears Into Record Reversal http://www.opalesque.com/Commodities_Briefing/?p=143098 http://www.opalesque.com/Commodities_Briefing/?p=143098#comments Mon, 22 Aug 2016 01:33:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143098 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143098>Article Link</a> OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bull to a bear market in less than three weeks. (more…)

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LBMA says banks back its plan to change London gold market http://www.opalesque.com/Commodities_Briefing/?p=143074 http://www.opalesque.com/Commodities_Briefing/?p=143074#comments Fri, 19 Aug 2016 01:49:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143074 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143074>Article Link</a> Members see an electronic trade repository as the best way to improve transparency. The body charged with regulating London’s $5tn a year gold market says banks in the city are backing its plans to bring greater transparency to the market as the London Metal Exchange prepares to launch a gold futures exchange. (more…)

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Saudi Arabia has oil traders hanging on every word http://www.opalesque.com/Commodities_Briefing/?p=143059 http://www.opalesque.com/Commodities_Briefing/?p=143059#comments Thu, 18 Aug 2016 01:04:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143059 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143059>Article Link</a> Kingdom offers a reminder that well-chosen words can move the oil market. Central bankers have long understood that a few well-placed words can wield nearly as much power as pulling the actual levers of monetary policy. It is a lesson that Opec and Saudi Arabia has started to heed. (more…)

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Prickly Iran Defies, Then Keeps OPEC Guessing http://www.opalesque.com/Commodities_Briefing/?p=143056 http://www.opalesque.com/Commodities_Briefing/?p=143056#comments Thu, 18 Aug 2016 01:04:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143056 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143056>Article Link</a> Iran is trying to make a comeback after years of crushing economic and financial sanctions placed against its energy sector by Western powers over Tehran’s nuclear ambitions. (more…)

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End of the Affair as Chinese Commodity Traders Exit Market http://www.opalesque.com/Commodities_Briefing/?p=143040 http://www.opalesque.com/Commodities_Briefing/?p=143040#comments Wed, 17 Aug 2016 01:47:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143040 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143040>Article Link</a> Chinese traders are falling out of love with commodities. Aggregate volumes across the nation’s three biggest exchanges have shrunk to the lowest level in six months, a shadow of the fevered trading in March and April when retail investors charged into markets for everything from iron ore to cotton, driving up prices and stoking fears of a bubble. (more…)

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Mining sector outlook improves despite losses and Brexit http://www.opalesque.com/Commodities_Briefing/?p=143029 http://www.opalesque.com/Commodities_Briefing/?p=143029#comments Wed, 17 Aug 2016 01:42:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143029 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143029>Article Link</a> With mining company BHP Billiton reporting a record loss for the past year, you could be forgiven for thinking it was all doom and gloom for the sector. But all is not as it seems. In fact, data from the FTSE 100 shows quite the opposite. The seven mining companies account for close to 5.5% of the value of the index. (more…)

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OPEC deal a tough task, as oil output freeze expectations rise http://www.opalesque.com/Commodities_Briefing/?p=143013 http://www.opalesque.com/Commodities_Briefing/?p=143013#comments Mon, 15 Aug 2016 23:52:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143013 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143013>Article Link</a> OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal. (more…)

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Chakib Khelil is optimistic about OPEC meeting in Algiers http://www.opalesque.com/Commodities_Briefing/?p=142999 http://www.opalesque.com/Commodities_Briefing/?p=142999#comments Mon, 15 Aug 2016 03:43:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142999 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142999>Article Link</a> Former Algerian Minister of Energy and former president of the Organization of Petroleum Exporting Countries OPEC, Chakib Khelil, is optimistic about the informal meeting of OPEC, to be held in Algiers on the sidelines of the International Forum on Energy on September 26 to 28, especially after the statements of Saudi oil Minister that shows a willingness to move towards market stabilization. (more…)

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Improved Approach To Investing In Commodities​ http://www.opalesque.com/Commodities_Briefing/?p=142983 http://www.opalesque.com/Commodities_Briefing/?p=142983#comments Fri, 12 Aug 2016 01:20:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142983 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142983>Article Link</a> New analysis by Source UK shows that commodity investors can maximise their risk-adjusted returns by using ETFs that provide exposure to ‘second generation’ indices. These aim to improve performance compared to ‘first generation’ indices by managing exposures across the futures curve and diversifying trading strategies. (more…)

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Here’s proof that Saudi Arabia doesn’t care about killing oil prices - only the competition http://www.opalesque.com/Commodities_Briefing/?p=142977 http://www.opalesque.com/Commodities_Briefing/?p=142977#comments Fri, 12 Aug 2016 01:19:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142977 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142977>Article Link</a> There is proof that Saudi Arabia is more interested in trying to kill competition in the oil industry at the expense of cratering oil prices - its oil production just hit a record high. (more…)

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