Oil

Extreme weather creates bull market for commodities
The past few weeks have been exceptional for the commodity markets. Tensions between Russia and Ukraine have impacted several commodities. In addition, global (post-Covid) tightening continues to drive inflationary waves across many markets. The tight supply …

Higher oil production target for March remains
OPEC+ is likely to stick to the planned increase in its March oil production target at next week's meeting on Wednesday, multiple producer group sources said, as it sees demand recovering despite downside risks from the pandemic and looming interest rate …

Why Biden can't cap oil prices
Oil prices this week hit their highest level since October 2014, prompting renewed commitments from the US government to do everything in its power to lower prices at the pump for Americans. Oil prices have traded even higher this week than in November 2021, …

Oil prices are rallying again
Dow futures fell on Tuesday as bond yields continued to rise while oil prices rose to a 7-year high and stoked inflation fears. Dow Jones futures were down 228 points, or 0.63%, and S&P 500 futures were down 1.01% at 5:40 am ET. Meanwhile, futures for the …

Is the world facing a commodity supercycle?
Agricultural and mining commodity prices are at the forefront of economic trends that are shaping the global economy and affecting the world's ability to meet its climate and sustainable development goals. Policy makers need to recognize and address such …

Best year for commodities since 2009
Every year around this time we update our popular Periodic Table of Returns on Commodities. I invite you to compare the returns of 2021 with those of previous years.

Nigeria loses major investors
2021 ended with the report that Nigeria ran a deficit of nearly 200 million barrels of crude oil in the first 11 months of the year, largely due to oil theft. But these experiences are all too common and not limited to Nigeria. Year after year we see huge oil …

Energy prices rose 59% in 2021
According to a new report from the Energy Information Administration (EIA), energy prices were 59% higher at the end of 2021 than at the beginning of the year.

Brent near $ 80
Oil prices leveled higher on Tuesday, with Brent crude closing near $ 80 a barrel despite the rapid spread of the Omicron coronavirus, aided by supply outages and expectations that U.S. inventories have plummeted last week .

Commodity prices climb faster than in previous recoveries
Commodities are rising rapidly as the world recovers from the Covid pandemic. But while the speed of this rally is unique, the real difference is that the gains do not spill over to other asset classes, particularly stocks and bonds.
