May 20, 2025 2:27 pm
Key Moments: Kazakhstan’s oil output increased by 2% in May, averaging 1.86 million barrels per day. The country’s production continues to exceed its OPEC+ quota of 1.486 million bpd for the current month. Futures contracts relating to WTI and Brent crude oil prices fell by over 0.7%. Strained Compliance with OPEC+ Limits Kazakhstan raised its […]
Read moreMay 20, 2025 9:02 am
Spot Silver eased on Tuesday, reversing a gain from the prior trading day, as investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on demand for safe-haven assets. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. Meanwhile, […]
Read moreMay 20, 2025 6:58 am
Spot Gold edged lower on Tuesday, as a firmer US Dollar and investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on the safe-haven allure of the metal. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. The […]
Read moreMay 19, 2025 8:51 am
Spot Silver surged on Monday, reversing a loss from Friday, supported by a softer US Dollar amid renewed trade tensions. US Treasury Secretary Scott Bessent said over the weekend President Donald Trump would impose tariffs at the rate he pledged in April on trading partners, who do not negotiate in “good faith”. A softer US […]
Read moreMay 19, 2025 7:46 am
Key Moments: Brent crude futures fell 56 cents to $64.85 on Monday. WTI oil also dropped, falling 0.89% to $61.42. Moody’s downgraded the United States’ creditworthiness due to rising national debt China’s factory output growth fell last month, as did the climb in retail sales. The former stood at 6.1%, while the latter dropped to […]
Read moreMay 19, 2025 7:12 am
Spot Gold rose on Monday, reversing a loss from Friday, on the back of a softer US Dollar amid renewed trade tensions. US Treasury Secretary Scott Bessent said over the weekend President Donald Trump would impose tariffs at the rate he pledged in April on trading partners, who do not negotiate in “good faith”. A […]
Read moreMay 16, 2025 10:18 am
Key Moments: Dutch TTF rose 0,75% to €35.56 on Friday. Gas demand for power generation jumped 173 GWh/day on expectations of weaker wind output. Peace talks between Russia and Ukraine in Istanbul attracted market attention. Stability Defines Friday Gas Trade European wholesale gas prices remained in a tight trading band on Friday morning, supported by […]
Read moreMay 16, 2025 8:49 am
Key Moments: West Texas Intermediate (WTI) futures hit $60.90 on Friday. Brent futures contracts slipped below the $65 mark. Crude oil prices are still on course to climb in terms of their weekly performance amid support by the US-China trade agreement that helped ease demand concerns. Trade Progress Supports Crude WTI crude oil futures fell […]
Read moreMay 16, 2025 8:00 am
Spot Gold retreated on Friday and looked set to register its largest weekly loss since early November 2024, as the US Dollar headed for its fourth straight week of gains and as fading global trade tensions weighed on the safe-haven allure of the metal. The US and China agreed this week to temporarily lower harsh […]
Read moreMay 15, 2025 9:08 am
Key Moments: WTI crude futures declined approximately 4% on Thursday. US crude inventories rose by a further 3.5 million barrels last week. President Trump reportedly conveyed his optimism regarding the forging of an agreement with Iran and claimed that Iranian officials have accepted the terms. Crude Futures Hit by Fears of Oversupply Thursday witnessed West […]
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