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.”
July 7 2022 🕓 2 min
Nuclear and gas classified as green investments in Europe
The EP supports the temporary inclusion of nuclear and gas as green investments. The aim is to support energies replacing oil and coal.
July 6 2022 🕓 3 min
Gold is in free fall, attacking 1750$
The fear of economic slowdown brings a bloodbath for gold. The yellow metal is negatively affected by the possible recession fears.
July 6 2022 🕓 3 min
Norway strike could cut oil output by 15%
Workers on offshore oil and gas platforms have launched a strike, which the union says is expected to escalate over time.
July 5 2022 🕓 2 min
Grain from the Ukrainian war zone will be exported
In Ukraine's Zaporizhzhya region, which is partly under Russian control, an agreement has been reached to allow grain to be sold abroad.
July 4 2022 🕓 2 min
German gas credit line may not be enough
Germany has provided 15 billion euros to buy gas for its reservoirs, but the head of Germany's energy authority warns that may not be enough.
July 3 2022 🕓 2 min
India imposes windfall tax on oil firms
India has imposed a windfall tax on the country's oil producers and refiners who are exporting more due to high international prices.
July 1 2022 🕓 3 min
A distasteful month for commodities
The fear of recession and economic slowdown takes the commodities down. Metal, agriculture, and even the energy sector went down last month.
June 30 2022 🕓 2 min
OPEC+ will not change oil production policy
The group agreed to continue with the same mining policy. It will increase production in August, but the next months are not yet decided.
June 29 2022 🕓 2 min
Australia is experiencing an energy crisis
Australia is a large global exporter. But now, thanks to electricity supply problems, the country is facing energy insecurity.
June 28 2022 🕓 2 min
Supply and demand shocks in the food market
Record global food prices and the associated high consumer inflation is one of the most discussed topics of recent times.
June 27 2022 🕓 2 min
G7 is ready to ban Russian gold
G7's plan to ban bullion import from Russia has probably smaller effect than expected. Resistance holds the price under 1840$.
June 25 2022 🕓 2 min
Norway will increase gas supplies to the EU
Europe is looking for alternatives in an effort to wean itself off Russian gas. It has found one in Norway.