Oil & Gas Prices – what’s happened & what’s next
As we move into the second half of 2023 we’ve taken a moment to reflect on the last 6 months and numerous challenges and uncertainties faced by the global oil markets.
Metals Prices – what’s happened and what’s next
With the expectations of higher prices and tight supply it was a challenging start to 2023 for the metals market. We take a look back and make our predictions for the remaining part of 2023.
Metals Update – 26 June
The Copper Monthly Metals Index (MMI) experienced a 4.3% decline from May to June, displaying short-term volatility in the average copper price. At the beginning of…
Fuel & Oil Update – 26 June
In a week where the Bank of England voted 5:2 to increase the base interest rate by a further 0.5% to 5%, oil remained volatile with…
Metals Update – 19 June
LME copper prices continued a three-week rally last week, as risk-on sentiment started to roll back into markets on the back of increasing odds of rate hike pauses by the US Federal Reserve and some Chinese Monetary Stimulus news.
Fuel & Oil Update – 19 June
Despite anticipated weakness in the global economy and the possibility of additional interest rate hikes, oil prices experienced an increase on Friday and recorded a weekly gain.
Metals Update – 12 June
Copper, which is often seen as the global economy barometer, has been relatively stagnant recently. However, prices increased on Friday, showing a potential second consecutive weekly gain.
Fuel & Oil Update – 12 June
Crude oil was heading for the second week of losses in a row despite the additional production cut Saudi Arabia announced at last Sunday’s OPEC+ meeting.
Metals Update – 7 June
Last week, copper prices retreated towards a six-month low after the release of data indicating a more significant decline in China’s factory activity in May than initially expected. China’s factory activity serves as a crucial indicator for the global consumption of copper, making it an important gauge of global economic health.
Fuel & Oil Update – 5 June
On Sunday, Riyadh made an announcement regarding a fresh reduction in oil production, which came after a meeting of major producers who aimed to stabilize prices despite concerns of a possible economic downturn.