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Commodities news

Gold stays below $1,250 on dollar resurgence as oil price uptick runs out of steam

Slow day in commodities sees oil and gold futures register most moves as dollar remained strong intraday.

Mar 31, 2017

By Gaurav Sharma

OPEC

Spot gold falls below $1,250 on strong dollar and lack of immediate Brexit jitters

Gold price slide extends into second successive session with strong dollar proving to be drag on trading.

Mar 30, 2017

By Gaurav Sharma

OPEC Brexit

UK's Brexit trigger fails to draw safe-haven bets on gold

Invocation of Article 50 by London did not pull in a flurry of bets on gold as precious metal prices tumbled.

Mar 29, 2017

By Gaurav Sharma

Brexit

Oil futures up with Opec mulling extension of production cuts

Soundbites from Opec suggest an extension of output cuts likely with low oil price causing dissension in ranks.

Mar 28, 2017

By Gaurav Sharma

OPEC

Qatar oil minister calls for Opec production cuts to be extended beyond June

Mohammed Saleh Al-Sada tells Qatar-UK Business Forum that Opec cuts have been successful and need to be extended beyond Q3 2017.

Mar 27, 2017

By Gaurav Sharma

OPEC

Oil futures up as Donald Trump approves Keystone XL pipeline

US president greenlight's controversial 4th phase of pipeline, rejected by President Barack Obama in 2015.

Mar 24, 2017

By Gaurav Sharma

White House

Gold jumps past $1,255 following London terror attack

Safe haven buyers send gold, silver higher following suspected terror attack in the UK capital.

Mar 23, 2017

By Gaurav Sharma

Employees spray water to cool down oil tanks at a PetroChina oil storage facility in Suijing, Sichuan Province, China

Oil plunges to four-month low following bearish US inventory data

High stockpile build-up stateside accelerates intraday losses in the oil market.

Mar 22, 2017

By Gaurav Sharma

Oil plunges further as hedge funds cut bullish bets on US drilling growth

Brent and WTI heading lower as fears of rising US crude production makes transatlantic money managers cagey.

Mar 21, 2017

By Gaurav Sharma

Commodities Round-up: Oil prices tumble as US production continues to increase

US rigs count rises for the ninth consecutive week, with production now exceeding 9m barrels per day.

Mar 20, 2017

By Dan Cancian

Commodities: Oil prices end losing streak as US crude supplies decline

US crude supplies record first decline in 10 weeks, while Saudi Arabia reiterates commitment to OPEC deal.

Mar 15, 2017

By Dan Cancian

Commodities: Oil prices fall to three month-low amid growing US supply

US rigs count increases for eight consecutive week, bringing the tally to highest level since September 2015.

Mar 13, 2017

By Dan Cancian

Canada PM Trudeau addresses CERAWeek 2017

Justin Trudeau says Canada won't leave 173bn barrels of oil dormant in the ground

Canadian PM says country can tap natural resources responsibly and enhance energy security of US.

Mar 10, 2017

By Gaurav Sharma

CERAWeek

Jean-Pascal Tricoire, Schneider Electric

Schneider Electric CEO says war against climate change will be won or lost in cities

In a wide ranging interview with IBTimes UK, Jean-Pascal Tricoire discusses his company's role in facilitating an energy efficient world.

Mar 9, 2017

By Gaurav Sharma

CERAWeek Climate Change

Oil slides below $50 for the first time in 2017 as market frets over Opec's next move

Bearish industry data and Saudi stance sparks second successive market sell-off in the face of negative sentiment.

Mar 9, 2017

By Gaurav Sharma

CERAWeek

Total CEO hopes ex-oilman Tillerson will help Trump 'see reason' on Iran

Patrick Pouyanné says White House should soften its stance on Tehran and assist international companies in building bridges.

Mar 8, 2017

By Gaurav Sharma

Iran

Oil slumps to 7-week low on US inventory data, Saudi comments

Brent, WTI futures shed 4% on bearish industry data and market soundbites.

Mar 8, 2017

By Gaurav Sharma

CERAWeek

Meet Ahmed Hashmi: Oil and gas giant BP's point man for digital future-proofing

In an era of lower oil prices, BP is changing its whole approach to production optimisation, top executive tells IBTimes UK.

Mar 8, 2017

By Gaurav Sharma

CERAWeek

Oversupply will keep global LNG prices in check until 2019/2020

IBTimes poll and separate Moody's report suggest supply/demand imbalances will ensure natural gas prices stay low.

Mar 8, 2017

By Gaurav Sharma

Japan CERAWeek

Oil marginally up as BP, ConocoPhillips CEOs say they're gearing up for $50-60 crude price

Big Oil bosses say crude price is going nowhere, while Saudi minister says peak demand projections are misguided.

Mar 7, 2017

By Gaurav Sharma

CERAWeek

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