Algeria's government is aiming for $2.6 billion increase in energy investment next year, Reuters reported on Monday (Sept. 13) citing the OPEC member country's Prime Minister Ayman Benabderrahmane.
Global food prices bounced back in August following two consecutive months of decline, led by strong gains in the international price quotations for sugar, wheat and vegetable oils, the UN's Food and Agriculture Organization (FAO) said.
The Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing partners (OPEC+) gear up for a meeting on Wednesday (Sep.1) to discuss the previously agreed increase of 400,000 barrels per day (bpd) to their supply each month through December.
Precious metals prices rose on Wednesday (August 4) after a report issued by U.S. payroll processor ADP showed a gain of 330,000 jobs for July, falling below analyst expectations.
Copper prices reached an all-time high during the second quarter of this year, trading above US$10,700 per tonne for the first time ever, following a Q1 rally that saw the red metal reach its highest level in more than a decade.
Leading iron ore miner Metalloinvest has been upgraded to investment grade on Tuesday (June 29) by Fitch Ratings as the Russian company is considering a possible IPO on the back of current benign market conditions.
Brent crude oil, the international standard, could top $100 a barrel next year as travel demand rebounds, according to Bank of America.
Gold investment demand fell in the first quarter of this year (Q1) driven by hefty outflows in gold-backed exchange-traded funds (ETFs) as growing expectations of higher interest rates impacted sentiment, according to the latest Gold Demand Trends report by the World Gold
The year 2021 started with increased activity in trading and a record number of concluded transactions on GET Baltic gas exchange.
Analysts at S&P Global Platts released their 2021 energy outlook. The outlook presumes a recovery in global gross domestic product (GDP), highlighted by an acceleration of growth in the second half of 2021.