Market Pulse - Commodities
OPEC doesn't expect China's oil demand to slump, says Kuwaiti official
OPEC does not expect China's oil demand to slump along the trajectory of past declines seen in OECD countries, according to a senior Kuwaiti official.
China's economic transition will invariably lower GDP, says IEF Sec Gen
China’s economic transition from a manufacturing economy to a modern services sector focussed nation will invariably lead to lower gross domestic product growth, according to International Energy Forum 's Secretary General Aldo Flores-Quiroga.
US Federal Reserve keeps interest rates unchanged
The US Federal Reserve kept interest rates unchanged following its two-day policy meeting on Thursday, as it lowered its estimate of the economy's potential rate of growth and said it was monitoring "developments abroad".
Resilience of US shale has surprised oil market, says ADIA economist
The tremendous resilience shown by US shale players has surprised the oil market, according to the head of research of Abu Dhabi’s sovereign wealth fund.
TTIP deal moves closer after Europe proposes new 'transparent' court
Final approval of the highly controversial Transatlantic Trade and Investment Partnership (TTIP) free-trade deal between the European Union and the USA has reportedly moved closer after proposals were made for a more transparent appeals process.
Commodities: Brent remains volatile as base metals take another tumble
Oil and base metal futures remained volatile on Monday, while gold markets saw lacklustre trading in Europe ahead of the US Federal Reserve’s decision on interest rates.
UAE Official: Cutting fuel subsidies is about encouraging 'responsible' energy usage
A recent decision by the United Arab Emirates to cut fuel subsidies for its citizens in wake of the oil price decline was about promoting “responsible” energy usage, according to a high ranking government official.
US Federal Reserve would be wrong to raise rates, analyst says
The US Federal Reserve would be wrong to increase interest rates today given the risk of an overly strong US dollar and the ‘liquidity gaps’ which exist in the US Treasury market, according to a well-respected analyst.
Powerful earthquake shakes Chilean capital, copper prices firm
Authorities in New Zealand and Hawaii were on alert for a possible tsunami after a powerful tremor shook Chile's capital on Wednesday evening, at 10:54BST.
Commodities: Oil, base metal futures recover in European trading
Oil benchmarks and base metal futures recovered on Wednesday, while gold markets registered cautious gains ahead of the US Federal Reserve’s decision on interest rates due to be revealed during the next session.
Shanghai stocks bounce back, some economists see recovery
Chinese shares moved higher in the last hour of trading on Wednesday to finish the day firmly higher, led by a bounce in technology issues, although trading volumes remained very low.
Commodities: Oil recovers, base metals remain in negative territory
Oil benchmarks recovered in European trading on Tuesday, after trading lower for much of the Asian session, while base metal futures continued to slip further.
Commodities: Oil, base metals trade lower but gold up in Europe
Oil and base metal futures slid on Monday, but gold rose marginally in European trading, as prospects of a US interest rate hike receded in the view of some in the City.
BIS warns of release of financial tensions as central banks normalise policy
The recent stockmarket sell-offs reflect the “release of pressure” that built-up along major financial faultlines in the wake of the Great Financial Crisis, the Bank for International Settlements warned on 13 September.
Oil cartel cuts 2016 non-OPEC oil supply estimate
The world will be slightly more dependent on the Organisation for Petroleum Exporting Countries for its supplies of crude oil next year, the cartel of producer countries said on Monday.
Commodities: Oil tumbles again, silver seen outperforming gold
Oil and gold futures slid on Friday, while selected base metals contracts headed lower as another mixed trading week for the commodities markets neared its end.
Glencore's credit ratings outlook changed to 'negative' by Moody's
Moody's has affirmed Glencore’s Baa2/P-2 credit rating, but changed the outlook to ‘negative’ from ‘stable.
Commodities: Oil and gold up in another volatile European session
Oil and gold futures were up in European trading on Thursday, while selected base metals contracts headed lower in another volatile day for the commodities markets.
Commodities: Base metals up, oil and gold continue to struggle
Major base metal futures saw an uptick on Wednesday, while oil and gold futures continued to struggle during Asian and European trading.
Commodities: Oil futures see mixed fortunes, gold and base metals recover
Oil benchmarks endured a mixed session on Tuesday, while gold and base metal futures recovered in European trading.