Nickel prices drop as supply concerns ease
Markets await OPEC+ production changes as Covid crisis recedes
The gold price has been falling for three months and is currently near its low-point for the period. Positive figures for US manufacturing industry have supported the dollar, traditionally the main rival for bullion as a safe-haven asset.
Crude prices remain near three-monthly highs as hopes for a global economic rebound lift expected demand for oil. But uncertainties remain, and, longer term, moves towards “zero carbon” threaten to depress the value of oil.
Brent and WTI futures rose by more than $1 after the US House of Representatives approved a coronavirus stimulus package.
On the face of it, gold prices have been in decline for three months, but the momentum remains upwards. Bullion’s best hope for a sustained recovery lies in a resurgence of inflation.
Executives at Rio Tinto forced to leave the company after the destruction of sacred rock shelters at Juukan Gorge in Western Australia have received massive payouts
Royal Dutch Shell is to sell its Kaybob Duvernay assets in Alberta to Canada’s Crescent Point Energy Corp for C$900m, making it the latest divestiture in the continent by the oil major
The price of oil has clawed back all the ground lost during the past 12 months. It is now a little higher than a year ago, on the eve of the coronavirus-induced price crash.
Bitcoin has almost hit $50k as the market continues to price in new corporate entrants to the market. Uranium stocks are set to soar in 2021
Declining fossil fuel revenues could see total government income fall by at least 20 per cent, leading to cuts in public services and job losses
Gold prices are higher, but there is little sign of a sustained break-out on the upside. Such support as exists comes from weakness in the dollar ahead of President Biden’s stimulus package.
France’s Total has reported a fall in full-year profit as the coronavirus pandemic led to a huge fall in oil demand
Last year profit at Royal Dutch Shell fell to its lowest in at least two decades as the coronavirus pandemic hit global energy demand
Crude prices have recovered most of the ground they lost during the past year as a result of coronavirus control measures. But with Joe Biden’s new administration committed to a clean energy future, the longer-term outlook is uncertain.
