Category: Commodities

A More Favorable Outlook for Sustainable Strategies Iain Snedden, senior investment specialist at Aegon Asset Management, believes that the market environment is becoming more favorable for sustainable strategies. Factors contributing to this outlook include falling inflation rates, declining interest rates, and undervalued growth stocks. With total “responsible” fund assets reaching $2.56 trillion as of November […]

Dire Conditions in the Devastated Eastern Ukrainian Town LYMAN, Ukraine – As snowflakes descend and temperatures plummet, the remaining residents of Lyman, a town in eastern Ukraine, brace themselves for a challenging winter. Over a year has passed since Ukrainian forces expelled Russian troops who occupied Lyman for five months, yet the struggle to keep […]

Fed Officials Express Divergent Views Chicago Fed President Austan Goolsbee stated that he was “confused” by the market’s reaction to the Fed’s meeting last week, while Cleveland Fed President Loretta Mester clarified that the Fed was not considering rate cuts but was assessing how long policy needed to remain tight in order to rein in […]

Lithium Miner Deals, SQM’s Strategy, and Industry Prospects The collaboration signifies an opportunity for SQM, the second-largest lithium producer worldwide, to establish a presence in Australia through an investment in Azure’s Andover project and a partnership with Hancock. The latter possesses local mining expertise and rail infrastructure valuable for mine development. This move comes amid […]

Red Sea Shipping Concerns and Crisis Escalation Major oil players have responded to the situation by taking precautionary measures. For example, BP (NYSE:BP) temporarily suspended all transits through the Red Sea, and oil tanker group Frontline (NYSE:FRO) announced that its vessels would avoid passage through the waterway. These actions indicate how the crisis is now […]

Freight Firms Divert Ships, Adding Costs and Delays Industry analysts have noted that major freight companies, including MSC, have started sailing around Africa as a result of the attacks. This shift in routing is expected to bring about additional costs and delays, which are likely to escalate in the upcoming weeks. The Suez Canal facilitates […]

Rising Oil Shipments In November 2023, shipments of Russian Urals crude oil to Turkey reached an all-time high of 400,000 barrels per day (bpd), constituting approximately 14% of Russia’s overall seaborne oil exports that month. This surge in oil supplies is expected to continue as private Russian oil producer Lukoil recently inked a deal with […]

Record U.S. Production Fuels Increased Oil Exports As 2023 comes to a close, Texas is experiencing a significant outflow of oil, with traders seeking foreign markets to offload the surplus and avoid hefty year-end taxes on their inventories. According to U.S. government data, U.S. crude exports, predominantly departing from the U.S. Gulf coast, have averaged […]

Positive Movement in Brent Crude and U.S. West Texas Intermediate Crude Brent crude futures saw a climb of 69 cents, or 0.9%, reaching $77.24 a barrel by 0037 GMT. Meanwhile, U.S. West Texas Intermediate crude rose by 65 cents, also 0.9%, settling at $72.08 a barrel. “The bad weather in Russia has played a part […]

Weaker Dollar Follows Indication of Lower Borrowing Costs from U.S. Central Bank The U.S. dollar plummeted to a four-month low on Thursday after the U.S. central bank signaled the likely cessation of interest rate hikes and the commencement of lowered borrowing costs in 2024. In its monthly report, the International Energy Agency (IEA) upgraded its […]