Commodity News

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

9 May – 13 May

World oil demand growth in 2022 is expected to increase by 3.4 mb/d y-o-y, representing a downward revision of 0.3 mb/d from last month’s report, with 1.8 mb/..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

2 May – 6 May

The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

24 Apr – 29 Apr

As per report from Deutsche Bank, The Fed will trigger a major US recession before the end of 2023 by hiking..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

17 Apr – 22 Apr

A half-point interest rate hike "will be on the table" when the Federal Reserve meets on May 3-4 to approve the next in what is expected to be a series of rate increases this year..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

4 Apr – 8 Apr

China’s worsening Covid-19 outbreak and the extended lockdown in Shanghai has oil analysts cutting their demand forecasts further.  The commercial hub’s staggered eight-day lockdown that was supposed ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

21 Mar – 25 Mar

When nickel prices skyrocketed in early March, the LME intervened, suspending buying and selling and cancelling billions of dollars in transactions, a move that enraged many traders and investors..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

28 Feb – 4 Mar

Russia and Ukraine conflict has fanned the flames of the already stretched base metals markets. Bloomberg reported on Wednesday the market is so tight in Europe that traders have been switching ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

21 Feb – 25 Feb

Bullion fell from 17 month high after traders digested weaker-than-expected sanctions on Russia. President Joe Biden imposed penalties on #Russia which includes action against five ..