Opalesque Commodities Briefing » Resources http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Speculation and fundamentals drive resources rally http://www.opalesque.com/Commodities_Briefing/?p=144524 http://www.opalesque.com/Commodities_Briefing/?p=144524#comments Thu, 24 Nov 2016 23:10:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144524 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144524>Article Link</a> The extraordinary rally in commodities is being driven both by fundamentals and speculation, but experts are divided as to its sustainability. The last time Fortescue Metals Group shares traded above $6 a share five years ago, iron ore was selling at close to $US120 a tonne, well above the current price of $US75 a tonne. The roaring return for Australian mining stocks has outpaced the recovery of their respective commodities. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144524
Resources rally a game-changer: Goldman’s Tim Toohey http://www.opalesque.com/Commodities_Briefing/?p=144450 http://www.opalesque.com/Commodities_Briefing/?p=144450#comments Mon, 21 Nov 2016 23:18:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144450 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144450>Article Link</a> Goldman Sachs’ Australian chief economist Tim Toohey is predicting interest rate hikes and a stronger dollar as commodity prices continue to defy expectations. Coking coal is up 300 per cent this year, thermal coal up 100 per cent and iron ore 80 per cent, with most of the gains in the past two months amid economic stimulus, regulatory change and speculation in China. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144450
Russia is loading up on gold http://www.opalesque.com/Commodities_Briefing/?p=144196 http://www.opalesque.com/Commodities_Briefing/?p=144196#comments Thu, 03 Nov 2016 23:05:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144196 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144196>Article Link</a> Central banks around the world added a net 13 tonnes of gold to their stockpiles in September, according to data released by the World Gold Council on Wednesday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144196
U.S. Oil Output Set to Decline as OPEC Deal Up in Air, EIA Says http://www.opalesque.com/Commodities_Briefing/?p=144157 http://www.opalesque.com/Commodities_Briefing/?p=144157#comments Tue, 01 Nov 2016 23:21:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144157 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144157>Article Link</a> U.S. crude production is set to decline this year as the Organization of Petroleum Exporting Countries struggles to put a dent in global oversupply, according to the head of the U.S. Energy Information Administration. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144157
OPEC, non-oil cartel members discuss production cuts http://www.opalesque.com/Commodities_Briefing/?p=144116 http://www.opalesque.com/Commodities_Briefing/?p=144116#comments Mon, 31 Oct 2016 01:22:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144116 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144116>Article Link</a> Vienna, Austria- OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cutting oil output to reduce a global supply glut and bolster prices. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144116
Non-OPEC yet to pledge concrete oil output steps after meeting OPEC http://www.opalesque.com/Commodities_Briefing/?p=144115 http://www.opalesque.com/Commodities_Briefing/?p=144115#comments Mon, 31 Oct 2016 01:21:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144115 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144115>Article Link</a> Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil output levels to prop up prices - a stance that suggested they wanted OPEC to solve its differences first. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144115
Recent global copper supply growth ‘unsustainable’ http://www.opalesque.com/Commodities_Briefing/?p=144068 http://www.opalesque.com/Commodities_Briefing/?p=144068#comments Wed, 26 Oct 2016 22:09:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144068 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144068>Article Link</a> The recent growth in global copper output is unsustainable now that most of the new projects have been completed and copper prices have remained low, Freeport-McMoRan President and CEO Richard Adkerson said Tuesday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144068
Resources rally can’t last forever http://www.opalesque.com/Commodities_Briefing/?p=143921 http://www.opalesque.com/Commodities_Briefing/?p=143921#comments Sun, 16 Oct 2016 22:25:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143921 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143921>Article Link</a> Commodity prices cannot keep marching higher indefinitely in the face of weak global trade and a stagnant global economy. The rally in commodity markets has been the biggest surprise in the global economy this year — no one predicted it — and it is bringing welcome relief to resource investors and federal government tax collectors. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143921
Surplus: Oil glut to last until mid-2017, says IEA http://www.opalesque.com/Commodities_Briefing/?p=143874 http://www.opalesque.com/Commodities_Briefing/?p=143874#comments Wed, 12 Oct 2016 22:20:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143874 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143874>Article Link</a> A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said. The oil price has recovered steadily since OPEC said last month that it would reduce production, with details to be hammered out at the cartel’s November meeting, and such a deal would “speed up the process” of working off global oil inventories, the IEA said in its monthly report. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143874
China continues leading the world in gold production, consumption http://www.opalesque.com/Commodities_Briefing/?p=143763 http://www.opalesque.com/Commodities_Briefing/?p=143763#comments Wed, 05 Oct 2016 23:28:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143763 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143763>Article Link</a> China is set to continue to lead the world in production and consumption of gold, Song Xin, head of the China Gold Association (CGA) said. China produced 516 tonnes of gold in 2015, up 0.6 percent from 2014, more than any other country. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143763
Opec agreement to cut oil production faces array of hurdles http://www.opalesque.com/Commodities_Briefing/?p=143686 http://www.opalesque.com/Commodities_Briefing/?p=143686#comments Thu, 29 Sep 2016 23:42:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143686 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143686>Article Link</a> Reports of the cartel’s demise were exaggerated — but who will cut output, and when? As he emerged from nearly five hours of talks in Algiers on Wednesday evening, Iran’s oil minister Bijan Zanganeh stopped to speak to reporters. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143686
Russia’s Adding Another 200 Tons of Gold to Its Treasury and Here’s Why http://www.opalesque.com/Commodities_Briefing/?p=143674 http://www.opalesque.com/Commodities_Briefing/?p=143674#comments Thu, 29 Sep 2016 23:38:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143674 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143674>Article Link</a> Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That’s according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143674
Opec agrees on oil output cut at Algiers meeting http://www.opalesque.com/Commodities_Briefing/?p=143660 http://www.opalesque.com/Commodities_Briefing/?p=143660#comments Thu, 29 Sep 2016 02:09:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143660 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143660>Article Link</a> Crude prices climb more than 6% as cartel ministers reach consensus on production curbs. Some of the world’s biggest oil producers have agreed to cut production for the first time in eight years, sending crude prices higher by more than 6 per cent. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143660
OPEC Considers Cutting 1 Million Barrels a Day http://www.opalesque.com/Commodities_Briefing/?p=143640 http://www.opalesque.com/Commodities_Briefing/?p=143640#comments Wed, 28 Sep 2016 03:57:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143640 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143640>Article Link</a> OPEC plans to discuss Wednesday a proposal that would cut almost 1 million barrels a day of global production over one year, said people involved in the discussions, setting up a showdown between Saudi Arabia and Iran. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143640
Growth rate cut for one of OPEC’s newest members http://www.opalesque.com/Commodities_Briefing/?p=143634 http://www.opalesque.com/Commodities_Briefing/?p=143634#comments Wed, 28 Sep 2016 03:56:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143634 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143634>Article Link</a> The economy of Indonesia, one of the newest members of OPEC, is on the decline, but could recover as policy reforms take hold, the Asian Development Bank said. The ADB said Tuesday it trimmed its forecast for growth in Indonesia from 5.2 percent to 5 percent. Next year’s growth rate should be around 5.1 percent, a decline from the March estimate by the ADB of 5.5 percent. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143634
Iran Plays Down Prospects of OPEC Production Deal http://www.opalesque.com/Commodities_Briefing/?p=143612 http://www.opalesque.com/Commodities_Briefing/?p=143612#comments Mon, 26 Sep 2016 23:10:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143612 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143612>Article Link</a> Iranian officials played down expectations for an oil-production deal, calling an OPEC gathering here this week “consultative,” and renewed their vow to pump output higher. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143612
Russia Bought 24 Tons of Gold in August http://www.opalesque.com/Commodities_Briefing/?p=143587 http://www.opalesque.com/Commodities_Briefing/?p=143587#comments Mon, 26 Sep 2016 05:33:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143587 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143587>Article Link</a> In the face of everything that is going on during this insane election cycle, it is easy to forget that there are forces operating behind the scenes, regardless of what the news cycle is reporting on. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143587
Africa gold reserves now worth $1.5 trillion http://www.opalesque.com/Commodities_Briefing/?p=143570 http://www.opalesque.com/Commodities_Briefing/?p=143570#comments Thu, 22 Sep 2016 22:50:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143570 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143570>Article Link</a> A new report by SNL Metals and Mining shows Africa at the top of tables when it comes to the value of gold still in the ground. Using the combined value of reserves and resources reported by explorers and mining companies active on the continent, the research company, calculated a figure of $1.48 trillion for primary gold projects. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143570
Russia Targets China for Gold Sales as VTB, Sberbank Expand http://www.opalesque.com/Commodities_Briefing/?p=143569 http://www.opalesque.com/Commodities_Briefing/?p=143569#comments Thu, 22 Sep 2016 22:49:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143569 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143569>Article Link</a> Russia’s gold sales in China are set to expand as VTB Capital boosts sales and Sberbank PJSC prepares to enter the market, chasing demand in the world’s biggest consumer of bullion. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143569
Zinc demand set to outpace production http://www.opalesque.com/Commodities_Briefing/?p=143507 http://www.opalesque.com/Commodities_Briefing/?p=143507#comments Mon, 19 Sep 2016 23:55:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143507 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143507>Article Link</a> Global zinc demand growth is set to marginally outpace production growth between now and 2020, averaging 1.7% and 1.3%, respectively, advisory firm BMI Research said. Refined zinc production is slowing as weak prices and an ore shortage force major producers to curb output. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143507
Saudi Arabia Reclaims Spot as Top Global Oil Producer http://www.opalesque.com/Commodities_Briefing/?p=143449 http://www.opalesque.com/Commodities_Briefing/?p=143449#comments Wed, 14 Sep 2016 01:40:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143449 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143449>Article Link</a> U.S. output down 460 MBOPD since May, making Saudi Arabia the largest global oil producer for now. U.S. output in August stood at 12.2 million barrels a day, including natural gas liquids, according to the IEA. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143449
OPEC now sees non-cartel oil output in 2017 http://www.opalesque.com/Commodities_Briefing/?p=143427 http://www.opalesque.com/Commodities_Briefing/?p=143427#comments Tue, 13 Sep 2016 00:42:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143427 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143427>Article Link</a> OPEC said Monday that oil production by countries outside the exporters’ cartel was now expected to rise in 2017, revising its previous expectations of a drop. In its monthly report, the Organization of the Petroleum Exporting Countries said Kazakhstan, Norway and Britain were now all expected to produce more next year than forecast earlier. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143427
Saudi Oil Output Said to Drop as OPEC Debates Production Freeze http://www.opalesque.com/Commodities_Briefing/?p=143387 http://www.opalesque.com/Commodities_Briefing/?p=143387#comments Fri, 09 Sep 2016 00:48:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143387 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143387>Article Link</a> Saudi Arabia told OPEC that its oil production dropped by 40,000 barrels a day in August to 10.63 million barrels as the group debates a deal to curb output to shore up prices. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143387
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…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143344
Iran’s Ready to Pump More as OPEC Faces ‘Prisoner’s Dilemma’ http://www.opalesque.com/Commodities_Briefing/?p=143325 http://www.opalesque.com/Commodities_Briefing/?p=143325#comments Tue, 06 Sep 2016 01:42:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143325 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143325>Article Link</a> As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more. The OPEC member can raise production to 4 million barrels a day in two to three months from the current daily level of about 3.8 million, Mohsen Ghamsari, director of international affairs at state-run National Iranian Oil Co., said. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143325
Terence Goodlace warns of platinum supply cliff http://www.opalesque.com/Commodities_Briefing/?p=143320 http://www.opalesque.com/Commodities_Briefing/?p=143320#comments Tue, 06 Sep 2016 01:41:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143320>Article Link</a> Supply of platinum from SA, the world’s largest producer, would drop “off a cliff” in the next decade after years of underinvestment. There was little chance of reversing that trend any time soon, CEOs and industry players warned. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143320
OPEC, Oil Producers Walk Fine Line on Supply, Demand (Video) http://www.opalesque.com/Commodities_Briefing/?p=143265 http://www.opalesque.com/Commodities_Briefing/?p=143265#comments Thu, 01 Sep 2016 00:07:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143265 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143265>Article Link</a> Libby Toudouze, partner at Cushing Asset Management, discusses OPEC’s role in oil markets, the impact of lower global production, and what she sees as the best investment opportunities in energy. She speaks with Bloomberg’s Alix Steel on “Bloomberg ‹GO›.”. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143265
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…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143131
OPEC production may slip in August after July’s record-high, warns UBS http://www.opalesque.com/Commodities_Briefing/?p=143034 http://www.opalesque.com/Commodities_Briefing/?p=143034#comments Wed, 17 Aug 2016 01:44:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143034 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143034>Article Link</a> OPEC crude oil production hit an eight-year peak in July, but may fall this month amid turmoil in major member countries, UBS said on Tuesday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143034
Saudi Oil Output Sets Record Despite Global Glut http://www.opalesque.com/Commodities_Briefing/?p=142954 http://www.opalesque.com/Commodities_Briefing/?p=142954#comments Thu, 11 Aug 2016 01:55:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142954 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142954>Article Link</a> OPEC says kingdom’s July output rose to nearly 11 million barrels as it focused on market share over prices. The fight for market share among the world’s biggest oil producers is still raging, pushing output from OPEC members close to an all-time high in July and suggesting the group isn’t yet seriously considering a meaningful curtailing of production. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142954
OPEC Output Disrupted in July on Nigeria Attacks, Libya Dispute http://www.opalesque.com/Commodities_Briefing/?p=142821 http://www.opalesque.com/Commodities_Briefing/?p=142821#comments Wed, 03 Aug 2016 01:25:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142821 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142821>Article Link</a> OPEC’s crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petroleum Exporting Countries, excluding new entrant Gabon, fell by 80,000 barrels a day last month, a Bloomberg survey of analysts, oil companies and ship-tracking data showed. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142821
Non-Opec oil output decline rates speed up http://www.opalesque.com/Commodities_Briefing/?p=142758 http://www.opalesque.com/Commodities_Briefing/?p=142758#comments Fri, 29 Jul 2016 02:01:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142758 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142758>Article Link</a> Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report said. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142758
Why Saudi Arabia Continues To Pump Crude At Record Levels http://www.opalesque.com/Commodities_Briefing/?p=142737 http://www.opalesque.com/Commodities_Briefing/?p=142737#comments Wed, 27 Jul 2016 23:35:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142737 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142737>Article Link</a> As the Financial Times reported on 12 July, Saudi Arabia’s oil-output reached record highs in June 2016. Increasing production 280,000 barrels/day to 10.6m b/d, Saudi Arabia has once again waved off OPEC’s request not to glut the market with oil. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142737
OPEC June output nears eight-year high http://www.opalesque.com/Commodities_Briefing/?p=142590 http://www.opalesque.com/Commodities_Briefing/?p=142590#comments Tue, 19 Jul 2016 01:43:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142590 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142590>Article Link</a> OPEC crude output continued to grow in June, climbing close to an eight-year high. According to S&P Global Platts, OPEC’s crude oil output grew by 300,000 barrels per day to 32.73 million bpd. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142590
Oil Producers Prepare for Second-Half Slump as Rally Sputters http://www.opalesque.com/Commodities_Briefing/?p=142566 http://www.opalesque.com/Commodities_Briefing/?p=142566#comments Mon, 18 Jul 2016 01:51:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142566 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142566>Article Link</a> Oil producers aren’t betting on the rally. After surviving two years of low prices, they’re gearing up for a third by buying protection against a renewed downturn. Laredo Petroleum Inc. said July 14 that it hedged more than two million barrels of 2017 output earlier this month. Drillers have increased bets on falling prices by 29 percent this year. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142566
IEA warns that oil demand is ebbing while supply remains at ‘elevated levels’ http://www.opalesque.com/Commodities_Briefing/?p=142526 http://www.opalesque.com/Commodities_Briefing/?p=142526#comments Thu, 14 Jul 2016 01:39:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142526 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142526>Article Link</a> There are warning signs that global oil demand is ebbing while oil stocks remain at “elevated levels,” threatening a rebalancing act in oil markets, the International Energy Agency (IEA) warned on Wednesday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142526
Banks in oil-exporting countries: Lending at $47 a barrel http://www.opalesque.com/Commodities_Briefing/?p=142434 http://www.opalesque.com/Commodities_Briefing/?p=142434#comments Fri, 08 Jul 2016 01:07:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142434 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142434>Article Link</a> At first glance, Nigeria’s decision last month to float its currency and the announcement this week of a bank merger in the United Arab Emirates (UAE) have little in common. Nigeria is a country of almost 180m people with a GDP per person of less than $3,000 (at last year’s market exchange rates). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142434
US is now world’s largest oil reserve but global supply still small http://www.opalesque.com/Commodities_Briefing/?p=142414 http://www.opalesque.com/Commodities_Briefing/?p=142414#comments Thu, 07 Jul 2016 03:27:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142414 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142414>Article Link</a> America has surpassed Saudi Arabia and Russia in oil reserves, a new report says, but current rate of production oil supplies will only last 70 more years. The United States has surpassed Saudi Arabia and Russia as the global leader in oil reserves, according to a report by a Norwegian consultancy firm. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142414
Saudi Arabia’s oil reserves: how big are they really? http://www.opalesque.com/Commodities_Briefing/?p=142390 http://www.opalesque.com/Commodities_Briefing/?p=142390#comments Wed, 06 Jul 2016 02:48:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142390 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142390>Article Link</a> “How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of 266 billion barrels according to government estimates submitted to the Organization of the Petroleum Exporting Countries (”Annual Statistical Bulletin”, OPEC, 2015). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142390
Basic Materials: Recent Commodity Rallies Leave Few Opportunities http://www.opalesque.com/Commodities_Briefing/?p=142323 http://www.opalesque.com/Commodities_Briefing/?p=142323#comments Fri, 01 Jul 2016 01:24:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142323>Article Link</a> Optimism continues to reign in the basic materials sector year to date, but investors are overestimating the sustainability of recent commodity price rallies. The basic materials sector remains severely overvalued, with a market-cap weighted price/fair value estimate of 1.26 as of May 31. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142323
Understanding the Difference Between Hard and Soft Commodities http://www.opalesque.com/Commodities_Briefing/?p=142296 http://www.opalesque.com/Commodities_Briefing/?p=142296#comments Thu, 30 Jun 2016 00:13:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142296>Article Link</a> There are two main types of commodities: hard and soft. Hard commodities consist of natural resources, such as oil or gold. While soft commodities are agricultural goods or livestock that must be grown and cared for in order to be produced. Both markets trade on supply and demand, and are heavily influenced by macroeconomic events. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142296
Water: The World’s Ultimate Commodity http://www.opalesque.com/Commodities_Briefing/?p=142258 http://www.opalesque.com/Commodities_Briefing/?p=142258#comments Tue, 28 Jun 2016 00:55:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142258 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142258>Article Link</a> Water is one resource that is absolutely necessary for life. Humans can’t survive more than a few days without it, and without water, crops wither and die. You would think we’d consider it a precious commodity. But in the United States, especially on the East Coast, we don’t tend to think of water as the valuable commodity it really is. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142258
Commodities and Brexit — 5 things to watch http://www.opalesque.com/Commodities_Briefing/?p=142234 http://www.opalesque.com/Commodities_Briefing/?p=142234#comments Fri, 24 Jun 2016 02:57:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142234 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142234>Article Link</a> As the UK begins voting in the EU referendum here are five things to watch in the commodities world. It’s a widely-held view among investors that gold would be among the big beneficiaries of a Brexit. Some analysts reckon the price could rise by as much as 10 per cent to $1,400 after a vote to leave as nervous investors pile in looking for safe places to park cash. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142234
China Plans to Boost Metals Reserves Amid Commodities Glut http://www.opalesque.com/Commodities_Briefing/?p=142127 http://www.opalesque.com/Commodities_Briefing/?p=142127#comments Fri, 17 Jun 2016 00:48:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142127 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142127>Article Link</a> China, the world’s top consumer of base metals, will boost stockpiles, accelerate the closure of excess capacity and provide tax breaks for producers as the country grapples with a raw-materials glut amid the slowest growth in decades. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142127
Rare-earth metal prices climb as China builds reserves http://www.opalesque.com/Commodities_Briefing/?p=142092 http://www.opalesque.com/Commodities_Briefing/?p=142092#comments Thu, 16 Jun 2016 00:49:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142092 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142092>Article Link</a> International spot prices for rare-earth metals are rising amid moves by China to stockpile those key materials for high-tech consumer electronics and hybrid vehicles. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142092
Non-Opec oil supply to grow again next year – IEA http://www.opalesque.com/Commodities_Briefing/?p=142079 http://www.opalesque.com/Commodities_Briefing/?p=142079#comments Wed, 15 Jun 2016 01:31:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142079 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142079>Article Link</a> Strong demand growth and production disruptions are easing the oil glut quicker than anticipated, but supply rises outside of the Opec group will return next year, according to the world’s leading energy body. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142079
America Sitting on $50 Trillion in Oil and Gas? http://www.opalesque.com/Commodities_Briefing/?p=142000 http://www.opalesque.com/Commodities_Briefing/?p=142000#comments Thu, 09 Jun 2016 01:27:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142000 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142000>Article Link</a> ‘Fueling Freedom’ author Kathleen Hartnett White says the U.S. is sitting on $50 trillion in oil and gas, but the government is stopping us from getting at it. Why is the government blocking access to America’s abundant resources and preventing the country from becoming energy independent? (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=142000
US forecasts decline in non-OPEC oil supplies http://www.opalesque.com/Commodities_Briefing/?p=141996 http://www.opalesque.com/Commodities_Briefing/?p=141996#comments Thu, 09 Jun 2016 01:26:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141996 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141996>Article Link</a> The US Energy Information Administration (EIA) forecasts non-OPEC countries oil supplies to decline to 57.04 million barrels per day in 2016 and to 56.8 million barrels per day in 2017. Non-OPEC supply of oil and other liquid hydrocarbons was 57.64 million barrels per day in 2015, according to the EIA’s June Short-Term Energy Outlook (STEO). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141996
Nigeria’s Tumbling Oil Production Drags Total OPEC Supply Lower http://www.opalesque.com/Commodities_Briefing/?p=141995 http://www.opalesque.com/Commodities_Briefing/?p=141995#comments Thu, 09 Jun 2016 01:25:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141995 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141995>Article Link</a> Rebel attacks on oil installations cut Nigeria’s production by 10 percent in May, contributing to a drop in monthly output from the Organization of Petroleum Exporting Countries, a Bloomberg News survey showed. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141995
Ghana sees slight dip in gold production this year http://www.opalesque.com/Commodities_Briefing/?p=141884 http://www.opalesque.com/Commodities_Briefing/?p=141884#comments Thu, 02 Jun 2016 01:27:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141884 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141884>Article Link</a> Ghana expects to produce 2.7 million ounces of gold in 2016, down only marginally from last year as new production offsets a decline in output due to lower global prices and ageing mines, the Chamber of Mines said on Wednesday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141884
Top 10 Countries With The Largest Gold Reserves http://www.opalesque.com/Commodities_Briefing/?p=141799 http://www.opalesque.com/Commodities_Briefing/?p=141799#comments Fri, 27 May 2016 00:08:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141799 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141799>Article Link</a> Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia and China accounting for most of the activity. The second half of 2015 saw the most robust purchasing on record, according to the World Gold Council (WGC). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141799
The top 10 countries with the largest gold holdings http://www.opalesque.com/Commodities_Briefing/?p=141779 http://www.opalesque.com/Commodities_Briefing/?p=141779#comments Thu, 26 May 2016 00:44:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141779 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141779>Article Link</a> Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia and China accounting for most of the activity. The second half of 2015 saw the most robust purchasing on record, according to the World Gold Council (WGC). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141779
Where Oil Production Is Set To Soar… And It’s Not OPEC http://www.opalesque.com/Commodities_Briefing/?p=141682 http://www.opalesque.com/Commodities_Briefing/?p=141682#comments Thu, 19 May 2016 00:57:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141682 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141682>Article Link</a> Oil prices have been on the rise lately and the market appears to be heading very quickly toward rebalancing, which is very positive for long-oriented investors in this space. While this is all true, however, one area will make any such oil recovery harder than it otherwise would be. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141682
How much gold is there in London - and where is it? http://www.opalesque.com/Commodities_Briefing/?p=141657 http://www.opalesque.com/Commodities_Briefing/?p=141657#comments Wed, 18 May 2016 03:03:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141657 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141657>Article Link</a> The world’s biggest bank has agreed to buy a vault for gold and precious metals in London. But how many of these vaults are there, and how much gold do they hold? The streets of London may not be paved with gold, but there is certainly a huge amount stored underneath them. About 6,500 tonnes is stored in seven vault-systems under the city. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141657
Non-OPEC countries expected to reduce oil supply http://www.opalesque.com/Commodities_Briefing/?p=141619 http://www.opalesque.com/Commodities_Briefing/?p=141619#comments Mon, 16 May 2016 02:30:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141619 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141619>Article Link</a> Non-OPEC countries are expected to reduce oil supply by 0.74 million barrels per day and bring it to 56.4 million barrels per day in 2016 as compared to 57.14 million barrels a day in 2015, according to OPEC’s monthly report on the oil market. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141619
Oil discoveries slump to 60-year low http://www.opalesque.com/Commodities_Briefing/?p=141490 http://www.opalesque.com/Commodities_Briefing/?p=141490#comments Mon, 09 May 2016 01:16:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141490 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141490>Article Link</a> Slowdown in exploration activity as energy companies seek to conserve cash. Discoveries of new oil reserves have dropped to their lowest level for more than 60 years, pointing to potential supply shortages in the next decade. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141490
OPEC’s Iran Eyes Crude Oil Production at 3.8 Mil Bpd and No Signs of Slowing Down http://www.opalesque.com/Commodities_Briefing/?p=141445 http://www.opalesque.com/Commodities_Briefing/?p=141445#comments Thu, 05 May 2016 01:24:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141445 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141445>Article Link</a> It’s been less than half a year after the sanctions were lifted and Iran has already recovered its pre-sanction output volume of 3.8 million barrels per day. According to data out of the International Energy Agency (IEA), Iran produced 3.5-3.7 million bpd in 2011 and was the second largest producer within OPEC. Daily oil exports equaled 2.5 million barrels. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141445
OPEC oil output near record high in April http://www.opalesque.com/Commodities_Briefing/?p=141366 http://www.opalesque.com/Commodities_Briefing/?p=141366#comments Mon, 02 May 2016 01:34:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141366 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141366>Article Link</a> OPEC’s oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141366
Oil producers fail to agree output freeze http://www.opalesque.com/Commodities_Briefing/?p=141146 http://www.opalesque.com/Commodities_Briefing/?p=141146#comments Mon, 18 Apr 2016 03:27:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141146 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141146>Article Link</a> The world’s top oil producers failed to reach agreement on capping output in Doha Sunday amid a standoff between Saudi Arabia and Iran and raising fears about how markets will react. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141146
OPEC oil output climbs 40,000 barrels a day in March: Platts http://www.opalesque.com/Commodities_Briefing/?p=141055 http://www.opalesque.com/Commodities_Briefing/?p=141055#comments Tue, 12 Apr 2016 03:43:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141055 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141055>Article Link</a> Oil production from members of the Organization of the Petroleum Exporting Countries rose by 40,000 barrels a day in March from a month earlier, to 32.38 million barrels a day, according to a Platts survey released late Monday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=141055