Copper and other metal prices rose in May following the release of strong economic data from the US, according to data from the London Metal Exchange. Figures show copper prices shot up 0.53 per cent to $5,613 per metric ton in trading in mid-May before settling down to $5,586 by Jun 6th. Meanwhile
Canada has been ranked the world’s fifth best investment destination thanks to improving macro economic indicators and growing optimism, according to a new survey of business executives. Commissioned by accounting firm Ernst & Young, the Canadian Capital Confidence Barometer survey is the second consecutive study to rank Canada among the
Oil prices have come close to their highest levels in nearly a month following statistics that show there has been an unexpected rise in US inventories. According to new government data, US crude stockpiles rose by 1.6 million barrels at the start of April as refineries produced significantly more oil.
Industrial profits from firms in China surged almost 32 per cent in the first two months of 2017, marking the fastest pace in almost six years, as commodities including coal and iron ore grew higher. According to figures from the National Bureau of Statistics, total industrial profits over the first
The oil and gas industry will turn cash flow positive for the first time in three years – as long as OPEC production cuts drive oil prices above $55 a barrel. A new report from the respected energy consultancy Wood Mackenzie suggests the sector is close to recovery after being
Oil prices have seen a marked rise in the wake of a brave new move by the Organization of the Petroleum Exporting Countries (OPEC) to slash production. Prices increased by almost nine per cent as a result of the OPEC decision, with Brent Oil and West Texas Crude Oil both
Saudi Arabian Oil, (Saudi Aramco) Saudi Arabia’s state-run oil giant, has promised to make a major investment into oil facilities and related projects between now and 2025, despite the current weak oil prices. The company has confirmed that it will carry on expanding its production capacity and facilities, making clear
The outlook for the commodities sector could finally be beginning to look more positive following five years of annual declines – and investors are indeed drifting back into the sector. According to Barclays' latest research, the commodities sector enjoyed a solid pattern of investment inflows between January and August of
According to figures from Barclays, the commodities sector is currently enjoying investment inflows at a level not seen since 2009. Mainly driven by an insatiable appetite for gold, overall demand for commodities this year is at the highest level since the days of the financial crisis, the figures have shown.
Against a backdrop of positive thinking regarding stimulus plans in Beijing, Chinese commodities have enjoyed a major rally, with assets from cotton to nickel perking up and a cautious optimism surrounding commodity demand. The stimulus is much needed in order to help boost the country's sluggish economy, confirmed Helen Lau,