Commodities market comment
Today’s market analysis on behalf of Ahmad Assiri Research Strategist at Pepperstone
Gold
Amidst the shifting sands of global trades, gold continues to shine as a pivotal hedge against the turbulence wrought by tariff policies and trade war. With the rollout of tariffs on imports from Canada and Mexico, coupled with ramped-up duties on China, there has been a noticeable surge in gold buying. This...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
China to account for more than quarter of caustic soda capacity additions in Asia by 2026
China will register the highest caustic soda capacity additions...
Asia accounts 61% of global ethylene capacity additions
Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by...
ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge
Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by...
Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025
Trinidad and Tobago is expected to contribute around 25% or 820...
How much is Blue hydrogen to account of low-carbon hydrogen capacity by 2030?
Hydrogen markets are taking off around the world, and GlobalData expects low-carbon...
Boosting investments allocation among oil and gas operators could strengthen production
The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant...
Morgan Stanley and Evercore were top M&A financial advisers by value and volume in oil and gas sector for Q1-Q3 2020, says GlobalData
Morgan Stanley...
Growing digitalization makes the oil and gas industry more vulnerable to cyberattacks
The oil and gas industry is increasingly relying on digital technologies to transform...
Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData
Operators in the Americas region have had to manage projects...
Slump in fuel demand and lack of storage capacity force Indian refiners to issue force majeure notices
The extended lockdown announced by India to curtail...
