by Jibran Munaf | August 31, 2024 | Commodities, Derivatives, Energy
OPEC+ is expected to move forward with its planned increase in oil production starting in October, according to six sources within the group. This decision comes despite concerns about weakening global demand, particularly from China, and aims to balance the market...
by Jibran Munaf | August 26, 2024 | Commodities, Derivatives, Market Analysis & Commentary, Markets
Investors react to geopolitical uncertainties and hints of potential U.S. rate cuts. Asia-Pacific markets were mixed on Monday as tensions in the Middle East escalated, with Israel and Hezbollah exchanging strikes. At the same time, investors were digesting dovish...
by Jibran Munaf | August 19, 2024 | Derivatives, Energy, Industry, News
The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) starting 1 January 2025 until 31 December 2025. Participating Countries...
by Jibran Munaf | August 15, 2024 | Commodities, Derivatives, Finance, Markets, News
Gold prices fell 1% on Wednesday after data showed U.S. consumer prices rebounded as expected in July, dampening hopes for a sizeable rate cut from the Federal Reserve next month. Spot gold fell about 1% to $2,440.62 per ounce by 1637 GMT. U.S. gold futures slipped...
by Jibran Munaf | July 17, 2024 | Commodities, Derivatives, News
Oil prices eased on Wednesday, with global benchmark Brent hovering near a one-month low hit in the prior session on signs of weakening demand in China. However, losses were capped by declining U.S. oil stockpiles. Brent crude oil futures fell 15 cents, or 0.2%, to...
