Commodity News

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

30 Aug- 3 Sept

OPEC and its allies agreed to stick to their existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and ongoing U.S. pressure to raise production more quickly..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

16 Aug- 20 Aug

According to Goldman Sachs, the United States' gross domestic product will grow by 6% this year, up from a previous full-year forecast of 6.4 percent. That's less than the median forecast of 6.2 percent..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

2 Aug- 6 Aug

Covid- Since the outbreak began at an airport in the eastern city of Nanjing last month, 19 cases have been discovered across at least 15 of China's 32 provinces. Today, another 99 cases were confirmed, bringing..

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 ..