Commodities Page 56

BP records first loss in a decade

Energy major BP saw a loss of $5.7bn last year, its first in a decade, as the pandemic took a hit on oil demand

Ramla Soni
India’s gold
India’s gold demand is expected to grow in 2021

India’s gold consumption is expected to be on the rise again after plunging last year to its lowest in 26 years, according to the World Gold Council (WGC).

Ramla Soni
Hinkley Point C
UK’s Hinkley Point C nuclear plant delayed amid rising costs

Construction of the Hinkley Point C nuclear plant being built in Somerset, UK will be delayed with costs revised to be £500m more than previously thought, EDF, the energy giant behind it said

Ramla Soni
European markets
European markets down following losses in tech and mining

European markets were flat due to losses in technology and mining sectors and while investors waited for US Federal Reserve’s policy decision

Ramla Soni
Gold price
Gold price sags, but remains well above recent lows

Gold prices remain volatile as the US central bank ponders another interest-rate cut. Despite trading well below the high point seen last summer, bullion seems to be resisting an embedded downswing.

Dan Atkinson
Gold miners
Gold miners trapped in China may have to wait another 15 days for rescue

Workers that have been trapped in a gold mine in China may have to wait another 15 days before they can be rescued due to a “severe blockage” on the escape route they intend to make

Ramla Soni

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Brazil’s Vale
Vale to buy out Japan’s Mitsui in Mozambique coal assets project

Vale, the world’s second-biggest iron-ore miner, is buying out minority stake partner, Japan’s Mitsui & Co, in a coal mine and port project in Mozambique

Ramla Soni
 China’s wind-power capacity
China’s wind-power capacity nearly tripled in 2020

The construction of new wind and solar power plants in China more than doubled in 2020 since the previous year, government data showed

Ramla Soni
France’s central bank
France’s central bank to stop investing in oil, coal and gas by 2024

France’s central bank has said it is to stop investing in firms that make revenue from gas, oil and coal by 2024

Ramla Soni
Oil prices
Oil prices: is the rally running out of juice?

Oil prices have staged a strong rally during the last three months, powered by hopes of economic recovery from the coronavirus in the west and expansion in China. But new lock-downs in the face of continued spreading of the virus have cast doubt on this scenario.

Dan Atkinson
Platinum price forecast: positive backdrop signals further upside ahead

Follow the Platinum price forecast at and spot the best opportunities for profitable CFD trades on this popular precious metal.

Alexandra Pankratyeva
Total invests $2.5bn in India’s Adani Green Energy

Total is investing $2.5bn for a 20 per cent stake in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets

Ramla Soni
Gold prices
Gold prices continue climb out of November trough

Bullion prices continued to recover today from their late November price plunge, but are still below the levels of three months ago.

Dan Atkinson
Oil price rally rolls on, but clouds on the horizon
Oil price rally rolls on, but clouds on the horizon

Crude oil prices have rebounded from the depths seen during periods of last year, and producing countries are taking credit for maintaining output curbs. But uncertainties over the future of global economic growth overshadow the medium-term prospects.

Dan Atkinson
Brent and WTI reach new highs
Brent and WTI reach new highs

Oil prices reached new highs on coronavirus vaccine hopes and expectations that OPEC+ may cap output at current levels in February 2021

Ramla Soni

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