Commodity Market

China commodity imports are dropping

2022 Oil Supply Seen Tight Amid Under-Investment

Global oil demand appears set to return to pre-pandemic levels in 2022. Still, a sharp decline in upstream investments and OPEC’s cautious approach to raising the group’s production volumes could lead to an undersupplied market next year. According to industry participants at the S&P Global Platts Asia Pacific Petrol Conference, Asian end-users and consumers mainly find …

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US oil prices finally exceeded $ 40

Coalition-Anti-Oil Greens Sidelined

Norway’s main opposition Labour Party will begin coalition negotiations to form a government on Tuesday. This will come after the ruling Conservatives lost control of parliament in parliamentary elections. The anti-oil Greens failed to get enough seats to become the potential kingmaker. Following an election campaign focusing on the climate issue and the future of …

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China's oil imports suffer from the steep decline

Oil Advanced Amid U.S. Production Halted by Hurricane

Oil prices rose as production in the United States slowly resumed after being suspended by Hurricane Ida more than a week ago. On Wednesday, futures in New York finished 1.4 percent higher. According to the Bureau of Safety and Environmental Enforcement, around 77 percent of U.S.S. Gulf of Mexico crude output shut down nine days …

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10 gram 22-carat, gold

Gold Futures Edge Higher as The Dollar Remains Stable

Gold futures edged higher on Thursday as the dollar remained stable and bond yields edged lower, offering some support for precious metals. So far this week, Gold has generally traded sideways. Analysts say investors are waiting for the U.S. August jobs report on Friday to determine the Federal Reserve’s and bullion’s next steps. In a daily research …

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