December 5 2022 🕓 3 min
Oil surges after the decision of OPEC+
Volatility in oil continues, but it looks like the uptrend could resume soon. Traders mostly disregarded the Russian cap threat.
Tag: commodities
December 2 2022 🕓 3 min
Silver corrects this week’s gains after US jobs data
Today's decline in silver prices might not last long, despite upbeat US data.
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Copper enjoys strong rebound after China news
The price of copper increased by the most in a single month since April 2021. A new copper treating process may bring new inventory.
November 30 2022 🕓 3 min
Rolls-Royce successfully tests its hydrogen jet engine
Rolls-Royce and easyJet have achieved a new aviation milestone with the world's first hydrogen-fuelled modern jet engine.
November 28 2022 🕓 4 min
A dramatic Cyber Monday for US markets
Cyber Monday trading was full of rebounds and reversals as protests in China boil. Dollar turned around to show it is still considered a safe heaven.
November 28 2022 🕓 2 min
Italy plans 50% windfall tax for energy firms
Italy plans to impose a one-off windfall tax of 50% on the extraordinary income of its energy companies in 2023.
November 27 2022 🕓 3 min
Chevron receives permit for oil production in Venezuela
Chevron has been given permission to resume oil production in Venezuela. All exports are expected to go back to the US.
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
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?
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US markets higher today thanks to news from Fed
US markets revived as Fed talks about slowing down rate hikes. Traders are still unsure how high the peak rate will end. Dollar weakens across the board.
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.