Tag: Iran

This Morning in Metals: U.S. average retail gas price dropped to lowest since 2016 last year

This morning in metals news: U.S. average gas prices fell to their lowest level since 2016 last year; the U.S. Treasury announced sanctions against Iran’s steel industry; and Ford Motor Co. released its Q4 2020 U.S. sales results. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for […]

Oil price spikes, then retreats after assassination of top Iranian general — but what’s next?

Oil price spikes, then retreats after assassination of top Iranian general — but what’s next?

The assassination of Iranian top military official Qassem Soleimani outside Baghdad airport last week caused a near 4% surge in oil prices and a drop in share prices as investors took fright at the prospect of an all-out war between the U.S. and Iran. Not long after, however, oil prices retreated over 4% to below […]

Goldman Sachs is Bullish on Oil Prices in the Long Term

Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Goldman Sachs, however, is recommending clients go long on the premise […]

Oil Supply Tensions Rise as Accusations Fly Over Gulf of Oman Tanker Attacks

On Thursday, two tankers carrying petrochemicals, one of which was a Japanese-owned ship, came under suspected attack in the Gulf of Oman. The incidents compounded the already simmering hostilities in what’s possibly the world’s most pivotal maritime corridor and spurred a significant 4% spike in the oil price, the Washington Post reported. Need buying strategies […]

U.S. Puts the Squeeze on Iranian Metals Industry

U.S. Puts the Squeeze on Iranian Metals Industry

Not content with putting the squeeze on Iran’s oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran’s metal industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the Financial Times, much of Iran’s non-oil income comes from metal exports, […]

This Morning in Metals: Trump Signs Executive Order Imposing Sanctions on Iran’s Metals Sector

This morning in metals news, President Donald Trump added sanctions on Iran targeting its metals industry, Rio Tinto is shipping more aluminum to Europe and ArcelorMittal reported its Q1 2019 financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Targets Iran’s Metals Sector A year on after withdrawing […]

OPEC, U.S. Shale Output at Odds as World Faces Tighter Oil Market

What a difference a month makes in commodity markets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Just a month back, we reviewed the delicate balance OPEC was facing in trying to drive prices higher without having to make further cuts in output. It seemed every time they squeezed the […]

Indian Steelmakers Grapple with Sanctions-Diverted Iranian Steel

Indian Steelmakers Grapple with Sanctions-Diverted Iranian Steel

As if cheap steel imports from the Association of Southeast Asian Nations (ASEAN) was not enough of a problem to handle, India’s steelmakers are now fretting over heavily discounted steel imports coming in from Iran, a country that is under economic sanctions imposed by the United States. Need buying strategies for steel? Request your two-month […]

Is Oil Heading for $100/Barrel?

Is Oil Heading for $100/Barrel?

Oil prices have been quietly rising for the last six weeks. The Brent crude benchmark has now breached the U.S. $80/barrel level to $81.20 this week, a level not seen since late 2014, the Financial Times reports. In the U.S., ample shale oil supply and constrained infrastructure remains a drag on the West Texas Intermediate price, […]

Scroll to Top