Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. The world’s biggest exporter of crude oil will produce 10 percent of its power
Crude fell below $53 a barrel as the ramp-up of shale drilling spurred speculation that surging U.S. output will offset OPEC-led efforts to cut a global supply surplus. Futures dropped 1 percent. U.S. explorers added 11 rigs last week to cap the longest stretch of
Bulgarian farmers are expanding the planted areas under oilseed crops in the new season MY2017/18 led by sunflower seeds. Following mixed results from oilseeds in MY2016/17 with excellent rapeseed production, a lower than expected sunflower crop and a disappointing soybean crop, most producers expect a
The first quarter of 2017 has ended with firm prices across the metals spectrum. Demand markers continue to show surprising resilience: Chinese manufacturing expanded at the fastest pace in 5 years in the last month of the quarter. The price drive has been as much
The World Bank is forecasting strong gains for industrial commodities such as energy and metals this year due to tightening supply and strengthening demand. Read More
Gold futures on Monday suffered their largest one-day percentage loss in about five weeks, as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered
An election win by Republican presidential candidate Donald Trump would fuel uncertainty in financial markets, but for commodities, the clear winner would be gold, according to Capital Economics… http://www.marketwatch.com/story/why-gold-will-be-the-only-clear-winner-among-commodities-if-trump-wins-2016-11-02
The yellow metal returned to the $1,300-an-ounce milestone for the first time since early October, closing Friday at $1,303.30 an ounce, a 2.2% weekly gain. The safe-haven investment has risen five of the last seven sessions and is closing in on a 52-week high of
Gold futures finished sharply higher Friday after a weaker-than-expected jobs report heightened expectations that the Federal Reserve would keep interest rates lower for longer. The Labor Department’s report showed that companies scaled back hiring in April, adding just 160,000 new jobs, compared with a forecast of
Nickel, as a fairly common element, is abundant because of the earth’s natural properties. Deposits are scattered across the globe and some regions produce more than others, particularly Australia, Canada, and several countries in Asia. However, economic landscapes in these areas are changing the conditions