Are oil reserves seeing pain or treatment of the oil market?Commodities

Are oil reserves seeing pain or treatment of the oil market?

Filling the world’s oil reserves is now a significant concern for the commodity market, while it could play a role…

Can Scotiabank’s metals business closure impact gold?Commodities

Can Scotiabank’s metals business closure impact gold?

Canadian Bank of Nova Scotia, Scotiabank, appears to be shutting down its metals business. According to sources, the bank had…

Is Iran helping Venezuela from running out of gasoline?Commodities

Is Iran helping Venezuela from running out of gasoline?

Since the Trump administration intensified pressure on Venezuela’s socialist leader Nicolas Maduro, he has turned to Iran for help. The…

Ethanol, Sugar, and Corn Suffer from the Low Demand for OilCommodities

Ethanol, Sugar, and Corn Suffer from the Low Demand for Oil

In the commodity universe, the oil massacre has been the loudest. US oil prices have plummeted and traded at negative…

Oil prices rise with the tension between Iran & the US

Oil prices continued to rise on Thursday morning, with tension escalating between the United States and Iran in the Gulf.…

Gold and oil resume bullish directionsCommodities

Gold and oil resume bullish directions

Gold prices faced substantial gains in early US trading on Wednesday. The US stock market has recovered from the crisis…

Copper price plunges after the oil market collapseCommodities

Copper price plunges after the oil market collapse

Industrial metals sank on Tuesday after a collapse in oil prices agitated markets. It convinced traders that global demand destruction…

What caused the collapse of US crude prices?Commodities

What caused the collapse of US crude prices?

The US crude recorded a negative price on Monday. S&P Global Platts, a commodities analysis firm, called it a short-term…

Egypt is importing wheat to bolster its strategic reservesCommodities

Egypt is importing wheat to bolster its strategic reserves

On April 7, an Egyptian ship carrying a large amount of wheat left the Romanian port of Constanata, a Romanian…

OPEC is expecting oil demand to drop by 6.85 Million BPDCommodities

OPEC is expecting oil demand to drop by 6.85 Million BPD

Yesterday OPEC published its monthly oil market report. The organization revised lower its expectations for demand. OPEC now estimates that…