Production at Kazakhstan’s Tengiz oil field, one of the world’s largest, remains approximately 20% below its usual capacity in December 2024 due to ongoing maintenance. This situation follows a period…
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Trafigura Group, a global commodity trading giant, has reported a 62% plunge in its first-half 2024 profits, primarily due to a significant loss linked to an alleged fraud within its…
Cocoa prices have surged to a new high, reaching $11,000 per ton in New York. This price spike is driven by persistent worries about supply shortages due to unfavorable weather…
J.P. Morgan predicts a more volatile price environment for agricultural commodities through 2025-2026, particularly for US trade-exposed markets. This is due to various factors, including climate change, geopolitical tensions, and…
U.S. crude oil futures experienced a slight dip, settling at $70.02 per barrel on. This represents a decrease of 27 cents, or 0.38%, from the previous closing price. Key Insights:…
Brent crude oil futures experienced a minor decline on December 13, 2024, settling at $73.41 per barrel on the London ICE Futures Exchange. This represents an 11 cent or 0.15%…
The International Atomic Energy Agency (IAEA) has reached an agreement with Iran to enhance the safeguards measures at the Fordow nuclear facility. This agreement entails increasing both the frequency and…
Rio Tinto, a global mining giant, has approved a $2.5 billion investment to expand its Rincon lithium project in Argentina. This project is Rio Tinto’s first commercial-scale lithium operation and…
The Indian government is currently deliberating on a proposal to impose a 25% safeguard duty on certain steel imports. This move is primarily aimed at addressing concerns raised by domestic…
ING Bank expects gold to outperform other commodities in 2025 due to increased trade tensions and global economic uncertainty. While oil prices are projected to rise, gold’s safe-haven appeal and…