Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...
September 04, 2024 at 10:17 am EDT
AI likely to weigh on oil prices over the next decade, Goldman says

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable...
September 03, 2024 at 02:23 pm EDT
Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a more selective, less...
September 03, 2024 at 02:43 am EDT
Gold edges down on stronger dollar, market awaits US inflation data

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. ...
August 27, 2024 at 11:43 pm EDT
'Nature is punishing us':  Drought imperils farmers and bees in Mexico's north

'Nature is punishing us': Drought imperils farmers and bees in Mexico's north

In the northern Mexican state of Chihuahua, residents and farmers have anxiously watched and waited for clouds to bring rain to refill dried-out dams, water wells and lagoons. They've waited so far in...
August 27, 2024 at 10:25 am EDT
Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and...
August 26, 2024 at 10:29 am EDT
Investors rush to money market funds before Fed rate cut, BofA says

Investors rush to money market funds before Fed rate cut, BofA says

Investors poured $37 billion into cash-like money market funds in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S. Federal Reserve to cut interest rates in...
August 23, 2024 at 03:42 am EDT
US oil export gains slow as output, global demand turn tepid

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand...
August 21, 2024 at 06:08 am EDT
Oil bears turn cautious as financial market strains ease:  Kemp

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...
August 19, 2024 at 09:00 pm EDT
Positive Market Outlook as U.S. Dollar Slides

Positive Market Outlook as U.S. Dollar Slides

A roundup of key agricultural commodity markets for the week of Aug. 19-Aug. 23 by Dow Jones Newswires in Barcelona. By Joe Hoppe GRAINS & OILSEEDS: The macro mood is bullish for...
August 19, 2024 at 12:00 pm EDT
Oil bears turn cautious as financial market strains ease:  Kemp

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...
August 19, 2024 at 08:51 am EDT
Crop Watch:  Rains quench crops ahead of upcoming dry stretch -Braun

Crop Watch: Rains quench crops ahead of upcoming dry stretch -Braun

SIOUX FALLS, South Dakota, Aug 18 - U.S. Crop Watch corn and soybeans finally received good rains last week, mostly maintaining crop potential ahead of what looks to be a...
August 18, 2024 at 02:54 pm EDT
Huge US corn, soy yields will be put to the test by annual crop tour - Braun

Huge US corn, soy yields will be put to the test by annual crop tour - Braun

Record yield expectations have been laid out for U.S. corn and soybeans, and it will be up to next week’s Pro Farmer Crop Tour to either reinforce or reject this narrative. The crop...
August 15, 2024 at 01:56 pm EDT
Chicago soybeans may have found fair market value if demand can be trusted -Braun

Chicago soybeans may have found fair market value if demand can be trusted -Braun

Soybean prices were already on their way to a historical downward correction before suspicions of a record U.S. crop were confirmed this week, and the latest price levels could be satisfactory...
August 14, 2024 at 06:49 pm EDT
Commodities Overview:  Geopolitics back in the spotlight

Commodities Overview: Geopolitics back in the spotlight

Every week, the commodities overview reviews the latest news on the commodities markets, to better understand the variations in the prices of energy, metals and agricultural raw materials.
Our Logo August 14, 2024 at 04:50 am EDT
Sicily's orange growers call for help as drought threatens output

Sicily's orange growers call for help as drought threatens output

Sicily's orange farmers warned on Tuesday that searing heat and drought risked wrecking this year's production and called for help from regional and national authorities to save their business. ...
August 13, 2024 at 10:35 am EDT
OPEC's modest cut to 2024 oil demand doesn't reflect weak China:  Russell

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...
August 13, 2024 at 08:00 am EDT
OPEC's modest cut to 2024 oil demand doesn't reflect weak China:  Russell

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...
August 12, 2024 at 09:50 pm EDT
Oil prices ease as markets refocus on demand worries

Oil prices ease as markets refocus on demand worries

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer...
August 12, 2024 at 08:42 pm EDT
Crop Watch:  Dryness clips ratings, relief eyed this week - Braun

Crop Watch: Dryness clips ratings, relief eyed this week - Braun

Many of the U.S. Crop Watch corn and soybean fields last week remained on the dry side for a second or third week, and the desire for rain is now unanimous among producers to maintain or even...
August 12, 2024 at 10:49 am EDT
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