Morgan Stanley Says Refining Margins Will Recover in Coming Months -- OPIS

Morgan Stanley Says Refining Margins Will Recover in Coming Months -- OPIS

Morgan Stanley told clients Thursday that the weakness in refining margins is temporary and predicted widening margins in coming months. The bank said that May crude processing levels have been...
May 28, 2024 at 08:48 pm
Goldman Sachs Raises Oil Demand Forecast; Sees Peak at Least a Decade Away -- OPIS

Goldman Sachs Raises Oil Demand Forecast; Sees Peak at Least a Decade Away -- OPIS

Analysts at Goldman Sachs raised their global oil demand forecast and said peak petroleum demand is at least a decade away in a report released Sunday. The analysis isn't as bullish as the path...
May 28, 2024 at 05:47 pm
Commodities Overview:  Wheat makes a strong comeback

Commodities Overview: Wheat makes a strong comeback

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, to better understand the variations in energy, metal and agricultural commodity...
Our Logo May 28, 2024 at 04:20 pm
Iron ore prices lack conviction despite China stimulus moves:  Russell

Iron ore prices lack conviction despite China stimulus moves: Russell

The balance of risks for iron ore prices are tilted to the downside despite top buyer China's most recent steps to boost its struggling property sector. A series of stimulus measures...
May 28, 2024 at 06:03 am
EU crop monitor trims wheat, rapeseed yield outlook on mixed weather

EU crop monitor trims wheat, rapeseed yield outlook on mixed weather

The European Union crop monitoring service on Monday trimmed its outlook for this year's EU soft wheat and rapeseed yields while upping its forecasts for barley and maize as good prospects in Spain...
May 27, 2024 at 03:23 pm
Analysis-How can Milei unlock Argentina's copper riches? Fix the economy

Analysis-How can Milei unlock Argentina's copper riches? Fix the economy

Argentina has big ambitions for the untapped copper riches in its Andean north. It wants to be a top 10 global producer and has attracted investors such as Glencore, Lundin Mining and First...
May 23, 2024 at 11:02 am
China's food security dream faces land, soil and water woes

China's food security dream faces land, soil and water woes

China, the world's biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the coming decade in line with its push for food security, but they will be...
May 23, 2024 at 07:33 am
Copper squeezed in the United States but China has plenty:  Andy Home

Copper squeezed in the United States but China has plenty: Andy Home

The London Metal Exchange copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME Group, where a...
May 23, 2024 at 12:00 am
Citigroup Analysts Believe U.S. Natural Gas Futures Rally Has Run its Course -- OPIS

Citigroup Analysts Believe U.S. Natural Gas Futures Rally Has Run its Course -- OPIS

Front month Henry Hub natural gas futures have risen 40% so far in May, but Citigroup's commodities team believes the rally has run out of steam. The bank recommended a neutral position on...
May 22, 2024 at 03:53 pm
Copper squeezed in the United States but China has plenty:  Andy Home

Copper squeezed in the United States but China has plenty: Andy Home

The London Metal Exchange copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME Group, where a...
May 22, 2024 at 01:55 pm
Australia's LNG sector is long-term bullish, but needs a carbon price:  Russell

Australia's LNG sector is long-term bullish, but needs a carbon price: Russell

Australia's natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of...
May 22, 2024 at 01:00 pm
Australia's LNG sector is long-term bullish, but needs a carbon price:  Russell

Australia's LNG sector is long-term bullish, but needs a carbon price: Russell

Australia's natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of...
May 22, 2024 at 07:00 am
Nymex Overview :  Petroleum Futures Ease on Mixed Signals in Global Markets -- OPIS

Nymex Overview : Petroleum Futures Ease on Mixed Signals in Global Markets -- OPIS

Petroleum futures were modestly lower at midday Tuesday after bouncing off sharper, early morning declines. Ahead of the extended U.S. Memorial Day weekend, there are few signs that gasoline...
May 21, 2024 at 05:34 pm
Commodities Overview:  Metals are the hot commodity

Commodities Overview: Metals are the hot commodity

Each week, the Commodities Overview gives you the opportunity to review the latest news in the commodities markets and gain a better understanding of price movements in energy, metals and agricultural...
Our Logo May 21, 2024 at 03:02 pm
Copper's record run at risk as US shipments calm speculator frenzy

Copper's record run at risk as US shipments calm speculator frenzy

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the U.S. Comex futures...
May 20, 2024 at 02:16 pm
Ferocious CME copper squeeze presages future turbulence:  Andy Home

Ferocious CME copper squeeze presages future turbulence: Andy Home

The copper rally turned ugly this week, morphing into a ferocious short squeeze on the U.S. contract operated by CME Group. CME cash copper hit a record high of $5.1775 a lb, or $11,414...
May 20, 2024 at 12:01 am
The outlook for resources, May 2024

The outlook for resources, May 2024

Perennial Partners Portfolio Manager and Resources Analyst Sam Berridge discusses the outlook for resources.
May 17, 2024 at 05:20 am
Analysis :  U.S. Gasoline Marketers May Face Tough Demand Challenge in June -- OPIS

Analysis : U.S. Gasoline Marketers May Face Tough Demand Challenge in June -- OPIS

Baseball fans are familiar with the term June swoon. And U.S. refiners and fuel marketers are worried that description could apply to their businesses should gasoline demand remain weak. ...
May 15, 2024 at 10:26 pm
ICE Canada Weekly Outlook :  Strong Market Running Into Resistance

ICE Canada Weekly Outlook : Strong Market Running Into Resistance

WINNIPEG, Manitoba--ICE futures canola contracts ran into resistance after hitting their highest levels in five months on May 13, with a fresh catalyst likely needed to keep values pointed higher....
May 15, 2024 at 10:00 pm
Investors abandon bullish case for US gasoline:  Kemp

Investors abandon bullish case for US gasoline: Kemp

U.S. gasoline prices and refining margins have come under pressure as inventories deplete more slowly than normal for this time of year, indicating supplies are plentiful, and undermining the bullish...
May 15, 2024 at 08:59 pm