January 26 2023 🕓 3 min
Silver pauses its rally, eyes significant support
Silver has paused in its upward movement, awaiting impetus for further direction.
Market Movers
January 27 2023
EU natural gas falls 20% in one week 📉
The price of natural gas in Europe tumbled for the fifth day in a row, dropping below 54€ on Friday. Prices have dropped 20% in just one week and are now close to levels not seen since September 2021.
January 27 2023
Tesla hodls its bitcoins
Tesla announced it didn’t sell any Bitcoin in Q4 2022. However, its portfolio was at $184 million, down from $218 million at the end of Q3 due to the drop in Bitcoin’s price. This loss should now be erased as Bitcoin surged massively in January.
January 27 2023
Adani’s stock falls more than 16% 📉
After Hindenburg accused Adani Group (ADANIENT) of massive fraud, the stock plunged significantly. The stock is now down over 16% in just one day and 33% from its peak.
November 26 2022 🕓 3 min
Why is wind energy in Europe in such trouble?
Europe is in an energy crisis and although we are seeing big growth in solar energy, wind energy is not doing so well. Why is that?
November 26 2022 🕓 2 min
Chinese oil giant invests nearly $2 billion in Brazil
China's CNOOC has bought a stake in a production-sharing contract in the huge offshore Buzios oil field in Brazil.
November 25 2022 🕓 3 min
Gold looks ready to re-visit monthly highs
Gold aims towards revisiting monthly highs as Fed hints slower hawkish sentiment. Weaker dollar sends investors to shiny metal safe heaven.
November 25 2022 🕓 3 min
Ghana wants to buy oil with gold instead of the US dollar
Ghana is struggling with declining foreign exchange reserves. Will this move reduce the depreciation of the Ghanaian currency?
November 23 2022 🕓 3 min
Russian oil price cap talks send prices down
Oil trades lower as unofficial talks on Russian oil price cap move the market ahead of the G7 meeting on December 5th.
November 23 2022 🕓 2 min
Belarus wants to increase oil transit fee by 39%
Expecting less oil to be transported through its territory, Belarus is demanding an increase in the fee. Ukraine wants to react similarly.
November 22 2022 🕓 3 min
Oil rebounds after rumors shut by Saudi minister
Tuesday saw a rise in oil prices after top exporter Saudi Arabia indicated OPEC+ was continuing to ensure output cuts are without change.
★ Premium This content is only available for registered users - sign up for free now November 22 2022 🕓 3 min
Gold losses steam and erases gains
After the rocket move from the beginning of the month, gold lost pace and erased gains due to the strong US Dollar.
November 21 2022 🕓 3 min
WTI oil continues last week’s trend on Monday
Oil has fallen by almost 5% since market open on Monday with prices trading at levels not seen since September.
November 20 2022 🕓 2 min
Does Europe have more oil than it needs?
It is possible that we have reached a point where European refineries now have more oil than they need. This is due to fear of shortages.
November 19 2022 🕓 3 min
Are metals ready to extend their rally?
Gold, silver, and platinum failed to move higher after significant price increases. These metals are now at a crucial spot.
November 18 2022 🕓 2 min
UK raises windfall tax on energy companies to 35%
Windfall tax is being introduced in a large number of states. The UK was one of the first and is now increasing its tax.