Commodity News

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

05 Apr - 09 Apr

As per the EIA report, global oil demand is set to rise by another 3.7 million BPD over 2021 and exceed the pre-pandemic levels from 2019. World consumption of petroleum is set..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

22 Mar - 26 Mar

The third wave of European COVID-19 cases and vaccine rollout delays impacted fuel demand. The European Union is at the start of a third wave of the COVID-19 pandemic, the president of the European ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

15 Mar - 19 Mar

Fed officials, in fact, expect economic growth to remain above trend for at least two years to come, at 3.3% in 2022 and 2.2% in 2023, compared to estimated long-term potential growth of just 1.8%..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

07 Mar - 12 Mar

President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

01 Mar - 05 Mar

OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Also, Saudi Arabia had decided to maintain its voluntary cut..

14-5-19-Big

Abans Group Commodity World Round-Up

22nd Feb – 26th Feb

Rising bond yields continue to weigh on the gold market. Gold has not found any path to a sustainable recovery even with talks about additional stimulus measures. U.S. benchmark 10-year..

14-5-19-Big

Abans Group Commodity World Round-Up

8th Feb – 12th Feb

Global demand for silver is expected to rise to 1.025 billion ounces in 2021, according to a report published by the Silver institute, which predicts that the purchases of bars and coins would rise to a six-year high of 257..

14-5-19-Big

Abans Group Commodity World Round-Up

1st Feb – 5th Feb

World central banks have added almost 273 tonnes of gold last year, according to World Gold Council (WGC) report. The Gold Demand Trends report that was published by WGC noted that the official ..