Market Pulse - Commodities
Emerging markets will dictate energy consumption patterns, says Chevron CEO
Aspirations of consumers in emerging markets, especially middle income earners, would dictate how and at what pace lifestyles progress, thereby influencing energy consumption patterns, according to oil major Chevron’s chairman and CEO John Watson.
China's energy market will 'continue to optimise' in favour of natural gas, says industry veteran
As China faces up to lower economic growth, its energy consumption will continue to “optimise”, according to one of the country's most senior oil and gas industry figures.
OPEC strategy working, says Saudi oil minister
OPEC's strategy of holding fire on production cuts is working with the oil market on stable turf, according to Saudi Arabia’s oil minister Ali Al-Naimi.
Commodities: Oil falls as OPEC set to hold output at 30mbpd, gold slips after early gains
Oil benchmarks continued to trade lower, as OPEC ministers gathered in Vienna, Austria on Wednesday to deliberate the cartel’s crude output.
Commodities: Metals struggle, oil recovers but cocoa futures continue to slide
Precious metals struggled to escape previous session’s levels in early European trading on Tuesday.
Boko Haram threatens Nigeria's new government
Nigeria's Islamist group Boko Haram killed more than 42 people in Northeast Nigeria during the weekend, even as the country's new President Muhammadu Buhari was sworn in as the new president.
Commodities: Oil markets on shaky ground, softer dollar supports gold
Oil markets began Monday trading on shaky ground, initially rising on recent terrorist strikes in Saudi Arabia, before shedding short-lived gains as traders revisited oversupply permutations with OPEC set for its bi-annual session of oil ministers on Friday.