Real tensions Rosneft is currently combating to induce its huge acquisition worth $12.9 billion. Story is about India’s Essar Oil Ltd, the very important purchase for Rosneft company. The ”combat” is happening because some of the Essar’s financiers did not yet endorse the deal. Firstly, the main creditors and financial institutions, along with some state-run […]
Oil production in Libya For the very first time since 2014, Oil production in Libya came to 800,000 bpd. Which makes it the highest level in 3 years. The info is from National Oil Corporation report which came out on Wednesday. The hack question of Wintershall, the German Oil film was stating that Libyan […]
Shanghai Futures Exchange continued with positive pushes, and copper price went up despite the short pull down at opening time. Possible supply restriction gives backup to prices. Also the news about China’s central bank. They will insert some amounts of capital into the open market. These news also renewed confidence and removed fear of the […]
Crude Reserves Observing the U.S. crude reserves, they had the biggest one-week fall down since December. It happened last week as imports fell down roughly. Furthermore, inventories of refined products also declined. Helping aliment of oil prices that were down by worries about oversupply. Crude inventories USOILC=ECI fell 5.2 million barrels in the week to […]
Wednesday, May the 10th deserves to be nominated for one of the most tense days regarding this week. So much going on in financial markets, being pulled and inspired by main political events which are causing a little earthquakes all along the global scene. Will euro come to its 6-month highs lifted by Mario Draghi, […]
Serving as a notice that strong gains can’t last forever and also as a warning that demand is declining in the world’s largest importer of the resources… Brisk falls in April imports of crude oil, iron ore and copper ore are the real warning that commodity-intensive sectors might be losing some momentum. For example construction […]
The Result Moon Jae-in convincingly won South Korea’s presidential election today. He is a liberal politician. This victory will end nearly a decade of conservative ambient, and fetch more conciliatory approach towards North Korea. Moon is going to end months of political turbulence. Which earlier brought to parliament’s knockdown of conservative former President Park Geun-hye […]
Top 5 Important in Today’s Market: Wall Street volatility index at 23-year low Global stocks higher as traders look for next catalyst Dollar powers ahead on June rate hike bets Oil extends rebound as OPEC hints at supply cuts beyond 2017 Bitcoin tops $1,700 for first time For more info on these 5 […]
Tuesday May 9 is a day when copper prices on the SHFE went higher, speaking about Asian morning trade . There is definitely some back up in the release of China’s better-than-expected trade balance. Anyway, gains were suppressed by concerns of weakened demand from the world’s largest copper consumer. Price of the most active SHFE […]
Today’s market had some very stressful outcomes. Volatility was huge, and main base metals and commodities prices were changing their movements unexpectedly, in a way that predictions were mostly positive. Copper Comex copper prices started trading in the new week at the lowest price since December. Among signs of weak global demand, focusing particularly […]