Commodity News

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

26 Jul- 30 Jul

Despite lingering concerns about Covid-19, the Federal Reserve decided to keep rates unchanged and stated that the US economy is recovering. Chair Jerome Powell stated..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

28 Jun - 02 Jul

Reuters reported, citing OPEC+ sources, saying that the UAE does not oppose the principle of hiking output by the group but it wants its own production to be higher. The UAE wants to have its baseline production set..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

21 Jun- 25 Jun

The global world refined copper market showed a 19,000 tonnes deficit in March, compared with a 108,000 tonnes surplus in February, the International Copper Study Group (ICSG) said in its latest ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

14 Jun- 18 Jun

The Federal Reserve on Wednesday held interest rates at near-zero but optimism over the progression of the U.S. economic recovery spurred more Fed officials to pencil in rate hikes by the end of 2023. The Fed ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

07 Jun- 11 Jun

OPEC’s crude oil production rose by 390,000 barrels per day (BPD) to 25.46 million BPD in May 2021. The largest monthly increases in oil production came from top producer Saudi Arabia, followed by production hikes ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

24 May - 28 May

The Bank of England could raise interest rates as soon as the first half of next year if the job market bounces back faster than expected, but it is more likely to wait until later in 2022..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

17 May - 21 May

Iran's president said the United States was ready to lift sanctions on his country's oil, banking and shipping sectors. Iran and world powers have been in talks since April on reviving the deal, European..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

10 May - 14 May

Colonial Pipeline has restarted its entire pipeline system and has begun deliveries in all of its markets. However, it will take several days for shipments to return to normal along its 5,500 mile (8,850 km) route..