Commodity News

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..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

03 May - 07 May

Growth in the electric-vehicle market has been a blessing for metals like copper and lithium. The global electric-car market saw a growth of 41% last year, according to an International Energy..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

26 Apr - 30 Apr

The US central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

19 Apr - 22 Apr

The European Central Bank, as widely expected, left its benchmark rate at 0.00% and said it would stick with plans to accelerate emergency bond purchases until March 2022 in a bid to keep bond yields steady..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

12 Apr - 16 Apr

The US has announced sanctions against Russia in response to what it says are cyber-attacks and other hostile acts. US sanctions on Russia triggered safe-haven demand in Gold..