Analysis: Commodities

Venezuela launches London appeal in battle for $1 billion in gold

The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion of gold reserves held in the Bank of England's underground vaults. The...

Less than half the gold sent to big refiners comes from mines - LBMA

Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the...

CME : 'Free money' for banks as investors pile into fractured gold market

Banks are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.

German startup sennder acquires Uber's European freight business

German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

Slowing investor demand looms over gold prices

The rapid accumulation of gold by investors as the coronavirus crisis erupted earlier this year has slowed, threatening the record-breaking rally in prices of the precious metal.

Exclusive: Tesla in talks to buy low carbon nickel from Canada - sources

Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries, three sources...

Oil prices slide near 2% after surprise U.S. crude stock build

Oil prices slid nearly 2% on Thursday after U.S. data showed a surprise build in crude stockpiles last week related in part to ongoing reductions at refineries along the Gulf of Mexico following...

Move aside robots, Tesla bets on aluminium casting

Robots are not efficient enough for Tesla's new car factory in Germany, which plans to replace hundreds of them with giant aluminium casting machines to build simpler chassis parts, a person familiar...

UK's Costa Coffee may cut 1,650 jobs as virus-hit forces restructuring

Costa Coffee, a unit of Coca-Cola Co, said on Thursday a plan to deal with the hit to its UK stores from the COVID-19 health crisis could result in 1,650 people losing their jobs, becoming the latest...

China's looming corn shortage fans food security unease

Soaring corn prices are stoking food security jitters in China, where food inflation has climbed to the highest in over a decade and President Xi Jinping made a recent high-profile plea for an end to...

BRENT CRUDE OIL SPOT: The Puzzle of Oil Demand Assessment

There is a calm mood in the markets, which certainly best illustrate the uncertainty of the operators, torn between the hopes of an economic recovery and the fears of a second wave of Covid-19s here...

Oil dips as prices struggle to break through demand uncertainty

Oil prices dropped on Monday, with Brent slipping from a five-month high as global demand remained below pre-COVID levels while U.S. production edged up.

Crude oil or cooking oil? For some U.S. refiners, it's now a choice

Refiners have always produced fuel using crude oil. Now some are using grease.

Total and Mozambique sign security pact for $20 bln natural gas project

French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas project being developed in the southern African country, the company said on...

Tech stocks defy downbeat data as dollar, global equities retreat

The dollar eased and global equity markets fell on Thursday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose...

In the run-up to U.S. election, drilling lobby promotes natural gas as 'clean'

America's biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying...

EU Commission opens anti-dumping probe into Chinese aluminium products

The European Commission on Friday began an investigation into whether China is dumping flat-rolled aluminium products in the 27-country European Union following a complaint.

Gold rush at Turkish bazaar a test of trust for lowly lira

Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.

Invesco cuts fees for gold ETF as low-costers gain market share

One of the world's largest gold-backed exchange traded funds , run by asset manager Invesco, has cut the fee it charges investors to compete better with lower cost funds that are increasing their...