Oil, Metals, Soft Commodities

Oil, Metals, Soft Commodities

OPEC Meeting: A Crucial Week for the Oil Market

Thursday’s OPEC meeting will be a decisive one for the oil market. OPEC members and its allies (OPEC+) will gather on the 5th and 6th of December for the 177th meeting of the OPEC conference. This producer’s summit is likely to be heavily influenced by the upcoming Saudi Aramco’s IPO. OPEC+ Politics The rising tensions in the Middle Eas...

December 3, 2019
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RBA: “QE is not on our Agenda!”

This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around “Unconventional Monetary Policy: Some Lessons From Overseas” fueled speculations that the RBA is to tap into the unchartered territory ...

November 29, 2019
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The World’s Biggest IPO: Saudi Aramco

What do we know about the state-owned oil giant - Saudi Aramco? World’s largest company World’s biggest state-owned oil and gas companies World’s cheapest oil producer A leader in oil production Second-largest proven crude oil reserves All of the above would probably make this upcoming Initial Public Offering (IPO) one of the...

November 21, 2019
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Gold to Silver Ratio: Is it useful to commodity CFD traders?

When digging deeper into issues relating to trading precious metals you may come across the idea of using gold to silver ratios as part of decision-making. This brief article explores what this means both in terms of definition and potential implications for traders.   What is the Gold-Silver Ratio? The direction and degree of move...

July 2, 2019
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Largest Crude Oil Reserves in the World

Venezuela At number one, we have a country which has been in turmoil in the last few months – Venezuela. Economic and social crisis have hit the South American nation and things are not looking to get better any time soon. However, it does top the list as the country with the largest crude oil reserves in the world at 300 billion barrels. ...

May 3, 2019
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Largest Crude Oil Reserves in the World

We have seen the price of crude oil (USOUSD) rise by about 43% since the beginning of the year, from around $44 per barrel to $63 per barrel at the time of writing this. It reached the highest level since November 2018 last week, on the 9th April to be exact, when it was trading at around $64.71 per barrel. In this article, we will take a look at...

April 16, 2019
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Black and Yellow Gold

Commodities markets were on sell-off mode on Friday. The black and yellow gold was sent to the downside dragged by the disappointing Purchasing Managers Index data. Gold - XAUUSD The Chart shows that Gold price pulled back as from last Wednesday on a broad-based US dollar strength and retreated from its 2019 highs. The yellow metal struggled to ...

March 4, 2019
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WTI in Bear Mode

  Deteriorating demand and rising global output are the main factors that sent the WTI Crude into a bear market territory. There is a shift of sentiment in the oil markets. The US sanctions have been the primary influence behind the rally in oil prices, and now that fears have eased, fundamentals took over, and economic forces- demand and su...

November 9, 2018
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Oil – Can Basic Economics Be Responsible For An 11% Decline?

On the back of what has been a pretty punishing month for Oil, now trading below $70 a barrel for WTI crude, we’re going to take a look at Oil, the fundamental drivers behind the price swings and what the future could hold for the Oil markets. For the sake of clarity, this article will be looking exclusively at WTI Crude. So what drove the clos...

October 25, 2018
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Gold Making Waves – Where Will Price Settle?

Creating New Monthly Highs Yesterday gold reached a three-month high of $1,239.68 which, as we head into the final quarter of 2018, is once again stirring up price speculation and talk of a change in directional bias. While the fundamental aspects appear to be related to hiccups in global stock markets, we'll focus on the technicals for clues as t...

October 24, 2018
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Top 5 Silver Exporters In The World

  In the last article, I wrote about the top 5 gold exporters in the world. Now it is time to look at the top 5 exporters of another one of worlds precious metals – silver. Last year the total sales from global silver exports reached $19.5 billion. The top 5 exporters made up around 49% of the worldwide silver exports in 2017. So let’s ta...

October 17, 2018
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Top 5 Gold Exporters In The World

  Last year the total sales of gold exports reached $310 billion mark. The top 5 countries made up a large portion of the total gold exports last year with shipments accounting to more than $177 billion, which was 57.30% of the world total. In 2011 we saw the price of gold reach record highs at over $1,900. Since then we have seen the price...

October 12, 2018
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Market Health: Dr Copper Will See You Now

  What is the Gold-to-copper ratio and why is it important? And more importantly, what could it be telling us?   The Gold-To-Copper Ratio Health Check Copper is often referred to as a barometer for economic growth and gold has historically been the safe-haven, a risk-off asset of choice for investors, so naturally comparing the two a...

October 11, 2018
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Top 5 Oil Exporters In The World

There has been quite a lot of talk about oil in the news recently with some analysts suggesting the price could reach $100 per barrel, which would be the highest since 2014. Whether that will happen, that is another story. In this article, we take a look at world’s largest crude oil exporters. Saudi Arabia Saudi Arabia is the world’s largest c...

October 2, 2018
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Global Oil Sentiment May Assist The Loonie

The US Dollar has been crushing it this week against many of the major currency pairs with most of the market chatter surrounding additional rate hikes from the Fed. We'll look at the USDCAD, also referred to as the "Loonie," a pairing that has survived the recent onslaught thanks to its ties to global oil prices and the bullish sentiment surroundi...

August 24, 2018
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