May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
October 3 2022 🕓 2 min
Gold sparks to $1700 – what happened?
The weaker US manufacturing index negatively impacts the US dollar and helps gold reach the level of $1700.
October 2 2022 🕓 3 min
A closer look at commodity extraction by fracking
Fracking is a method of gas extraction that has made the US in particular profitable over the last decade. In contrast, many countries in Europe have banned it.
October 1 2022 🕓 2 min
OPEC has significantly increased its oil production
OPEC increased its September oil production to the highest level since 2020. Yet it failed to meet its quota.
September 29 2022 🕓 3 min
The US imposes new sanctions on Iran oil
The sanctions affected companies involved in the petrochemical and oil trade, including companies based in China.
Audio article September 29 2022 🕓 3 min
UK records highest food inflation in history
Food prices are rising globally along with energy prices. The UK is now seeing the highest rate of inflation in this category.
Audio article September 28 2022 🕓 3 min
Severe explosions damage Nord Stream pipelines
Swedish and Danish gauging stations massive underwater explosions where the Nord Stream pipeline subsequently started leaking gas.
September 27 2022 🕓 2 min
Higher interest rates hurt crude oil
The current trend in monetary policy decision-making hurts commodities denominated in the US Dollar. Crude oil dives under support level.
September 27 2022 🕓 2 min
U.S. fuel exports broke records
Exports of petroleum products from the United States in the first half of 2022 grew at the fastest pace in the last 5 years.
September 25 2022 🕓 2 min
Poland has enough gas and coal for the winter
Poland has secured supplies of natural gas and coal for the upcoming winter heating season. It managed to do so without Russian supplies.
September 24 2022 🕓 2 min
Russia will harvest 100 million tonnes of wheat
Russia's wheat harvest may reach a historic level of 100 million tonnes this year, but not all of it will be exported.
September 21 2022 🕓 2 min
China has 50 years of coal reserves
In pursuit of its energy security, China is increasingly producing energy from coal, of which it has plenty for now.
September 21 2022 🕓 3 min
Are we seeing a coal rush?
Buyers, mainly from Europe, are scrambling for shipments of thermal coal around the world. This opens up new import options.