Analysis: Commodities

China energy regulator expects power output to rise 5.3% this year

China's power generation is expected to reach 9.96 trillion kilowatt hours in 2024, according to the country's energy regulator, implying a growth rate of 5.3% on the basis of statistics bureau...

Oil traders expect stocks to fall significantly after OPEC extends cuts: Kemp

Global petroleum inventories are only slightly below the long-term seasonal average but futures prices have already moved into a steep backwardation as traders anticipate they will deplete...

Brazil heading to rare sequence of rising coffee crops

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world's largest grower and exporter of...

Australian will export more live cattle and beef in 2024, USDA says

Australia's exports of live cattle are likely to rise by more than one-third this year, and beef shipments should increase by 9% as the end of a herd rebuild boosts supply, the U.S. Department of...

Platinum metals face structural hit to demand from electric vehicle revolution

In the usual way of things, platinum and palladium should be turning higher after a slide from recent peaks drove supply deficits, job cuts and looming mine closures in top producer South Africa. That...

WTI : Russia, China's leading oil supplier

Russia remained China's main oil supplier in the first two months of the year, according to data released on Wednesday, as Saudi supply cuts continue. Chinese imports from Russia , rose by 13% on the...

China coal industry group expects output growth to slow in 2024

China's coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9% growth. ...

China, decarbonisation present Australia's iron ore miners with costly choices: Russell

Australia's vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world's...

Indices: Is the gold craze contagious?

Gold is continuing the rally it began in the autumn, reaching an all-time high of $2,195 an ounce in early March. Is the health of the yellow metal palpable in gold stocks, dedicated indices and...

Commodities Overview: Oil makes a comeback, so do industrial metals

Every week, the commodities Overview provides you with a review of the latest developments on the commodities markets, so that you can better understand the variations in the prices of energy, metals...

CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

Argentina is in a very bad political situation, but is on the right path to encourage energy investment and remove its fiscal imbalances if a package of reforms proposed by President Javier Milei...

US natgas prices up 3% to 1-week high on colder forecasts, lower output

U.S. natural gas futures climbed about 3% to a one-week high on Tuesday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected. Energy traders...

Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup analysts are projecting Brent crude will average $78/bbl in the second quarter and could continue to slide to $55/bbl by late next year. The bank in a Sunday report said it continues to...

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS VERY HEALTHY - CNBC INTERVIEW ...

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOULD INSTEAD INVEST IN THEM ADEQUATELY -SAUDI ARAMCO CEO NASSER ...

Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production...

MERAFE RESOURCES LTD: WITH CONTINUED ECONOMIC UNCERTAINTY IN 202…

MERAFE RESOURCES LTD: WITH CONTINUED ECONOMIC UNCERTAINTY IN 2024, EXPECT COMMODITY PRICES TO COME UNDER PRESSURE ...

China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's coal production in January and February fell 4% from the previous year as high stockpiles and forecast lower prices up a damper on mining output. China, the world's largest...

Wishbone Gold Says Phase Of Drill Program Focused On Southern Part Of Cottesloe Tenements

Wishbone Gold PLC: * PHASE OF DRILL PROGRAM FOCUSED ON SOUTHERN PART OF COTTESLOE TENEMENTS * ENTIRE PROJECT CONSISTS OF THREE TENEMENTS TOTALLING 50 BLOCKS, CONSIDERED...