Whereto for the oil price now, and which Australian enrgy companies will be hurt the most by lower oil prices?
Tough times continue for oil & gas producers while copper and thermal coal surpluses are likely for the next couple of years.
Kathleen Brooks of FOREX.com discusses the possible range of outcomes and ramifications from this week’s much anticipated OPEC production meeting.
The strong run-up for spot uranium saw sellers jump in and buyers retreat last week, forcing the biggest weekly price decline since Fukushima.
Implications of US/China emmissions agreement; Glencore’s plan to shut Oz coal mines over Xmas; China’s pollution and iron ore; and nickel’s boom crash opera.
Were the Swiss to vote to require the central bank to hold 20% of its reserves in gold, the market impact may not be as significant as feared.
The sudden surge in the spot uranium prices is feeding on itself as traders pile in.
Mineral sands supply lifts; zinc prices rally; potential for oil production cuts; and Citi downgrades iron ore forecasts, again.
A subdued outlook is in place for iron ore, steel, coking coal and oil. In contrast, gold looks a little brighter.
Last week the uranium spot price posted its second biggest price hike in eighteen years, surging to US$42.00/lb.