Oil mixed as weak Chinese data, growing U.S. supplies offset Trump plan to ease lockdown

Oil mixed as weak Chinese data, growing U.S. supplies offset Trump plan to ease lockdown

Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump's outlines for the U.S. economy...
April 17, 2020 at 08:46 pm
gold :  EY whistleblower awarded $11 million after suppression of gold audit

Gold : EY whistleblower awarded $11 million after suppression of gold audit

A British court awarded $11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United...
April 17, 2020 at 07:54 pm
Coronavirus spurs new clash between Big Oil and Big Corn over U.S. biofuels

Coronavirus spurs new clash between Big Oil and Big Corn over U.S. biofuels

A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation's biofuel policy, this time over...
April 16, 2020 at 10:26 pm
Barrick expects to meet annual targets despite coronavirus-led lockdowns

Barrick expects to meet annual targets despite coronavirus-led lockdowns

Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns.
April 16, 2020 at 03:13 pm
Indian gold demand could hit three-decade low as lockdown hits festivals, weddings

Indian gold demand could hit three-decade low as lockdown hits festivals, weddings

India's gold consumption in 2020 could fall as much as 50% from a year ago to the lowest level in nearly three decades as a nationwide lockdown has closed jewellery stores during key festivals and the...
April 16, 2020 at 12:47 pm
gold :  Cash-strapped Thais rush to sell gold as coronavirus hits economy

Gold : Cash-strapped Thais rush to sell gold as coronavirus hits economy

Cash-strapped Thais rushed to sell gold in Bangkok's Chinatown, on Thursday, cashing in on a surge in the price of the precious metal as the new coronavirus outbreak pulls the economy into a...
April 16, 2020 at 11:38 am
Kenya's speciality coffee growers hit as lockdowns close global coffee shops

Kenya's speciality coffee growers hit as lockdowns close global coffee shops

Like many speciality coffee growers, Kenyan exporter Jackson Kanampiu has been hard hit by the coronavirus crisis as consumers are barred from the coffee shops that serve niche brews and opt for...
April 09, 2020 at 12:02 pm
Oil tanker freight rates fall ahead of OPEC+ meeting

Oil tanker freight rates fall ahead of OPEC+ meeting

Supertanker freight rates have fallen after last week's highs as industry participants await the outcome of a meeting of oil producers on Thursday before making further bookings, industry sources...
April 08, 2020 at 11:05 am
brent :  Oil storage uneconomical despite hefty supplies as Brent futures strengthen

Brent : Oil storage uneconomical despite hefty supplies as Brent futures strengthen

Traders seeking to store oil have put their plans on hold this week after prompt Brent crude futures surged against future months and made storage uneconomical, despite overwhelming supplies in the...
April 07, 2020 at 10:20 am
Airbnb secures $1 billion investment from Silver Lake, Sixth Street

Airbnb secures $1 billion investment from Silver Lake, Sixth Street

Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak...
April 07, 2020 at 12:06 am
Exclusive:  Silver Lake to seek more than $16 billion for buyout fund - sources

Exclusive: Silver Lake to seek more than $16 billion for buyout fund - sources

Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak,...
April 05, 2020 at 11:44 pm
Swiss gold refiners to resume work, easing supply constraints

Swiss gold refiners to resume work, easing supply constraints

Three of the world's biggest gold refineries said they will partially reopen after a two week closure that disrupted global supply of the metal.
April 05, 2020 at 11:39 am
Oil:  Why does the price of Brent deviates from WTI?

Oil: Why does the price of Brent deviates from WTI?

You have to be of a calm nature to follow oil markets recently. Fluctuations are violent due to unpublished data. The market was already suffering from various ills, including oversupply, and its...
Our Logo April 03, 2020 at 03:19 pm
MILK CLASS III DA CMR FLOOR /C1 :  U.S. dairy farmers dump milk as pandemic upends food markets

MILK CLASS III DA CMR FLOOR /C1 : U.S. dairy farmers dump milk as pandemic upends food markets

Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.
April 03, 2020 at 11:16 am
Dated Brent benchmark's record $10 discount gives oil a reality check

Dated Brent benchmark's record $10 discount gives oil a reality check

U.S. President Donald Trump's confidence he can get a deal to limit a global oil glut has driven world crude futures higher.
April 03, 2020 at 03:51 am
Industrial and Commercial Bank of China :  Coronavirus pushes London banks to consider additional gold storage sites

Industrial and Commercial Bank of China : Coronavirus pushes London banks to consider additional gold storage sites

By Peter Hobson The five banks that clear gold trades in the London market are considering expanding their network of storage locations to other countries if it becomes impossible to fly...
March 31, 2020 at 05:18 pm
Gold flows help UK current account, but economy flatlined in late 2019

Gold flows help UK current account, but economy flatlined in late 2019

Britain narrowed its current account deficit in the last three months of 2019, but much of the improvement in one of the economy's fundamental areas of weakness was due to volatile swings in gold...
March 31, 2020 at 09:51 am
Daily price chart °2355639

WTI : Oil: U.S. storage capacities put to the test

The significant decline in world oil consumption due to the Covid-19 pandemic has added to the turbulence on the supply front with the price war between Russia and Saudi Arabia. The price of crude oil...
Our Logo March 30, 2020 at 09:10 am
Daily price chart °4948

BRENT CRUDE OIL SPOT : Oil Surplus and Global Recession Don't Mix

The significant decline in world oil consumption due to the Covid-19 pandemic has added to the turbulence on the supply front with the price war between Russia and Saudi Arabia. The price of crude oil...
Our Logo March 30, 2020 at 09:10 am
Nestle says cuts deforestation in its cocoa supply chain

Nestle says cuts deforestation in its cocoa supply chain

Nestle, the world's biggest food company, says it has made significant progress removing cocoa produced in protected forests in West Africa from its supply chain as pressure builds from consumers and...
March 27, 2020 at 12:19 pm