Having risen solidly from mid-December, the oil price took a bit of a hit just prior to the new year as worries about the spread of the omicron variant and its possible impact on travel and GDP growth hit prices. The new year has started more optimistically, though. While significant work days are being lost […]
Tag: oil price
This Morning in Metals: Nucor to build rebar micro mill
This morning in metals news: Nucor Corporation announced plans to build a rebar micro mill; oil prices fell last week; and, lastly, tin prices have rallied. Each month this year, MetalMiner has hosted a webinar on a specific metals topic. The final webinar of 2021 is this Wednesday, Dec. 8, during which MetalMiner experts will […]
This Morning in Metals: US steel capacity utilization down to 83.2%, steel prices muted
This morning in metals news: the U.S. steel capacity utilization rate fell to 83.2% last week; North American Stainless maintained its stainless steel fuel surcharge; and, lastly, crude oil prices have lost steam this week. Each month, MetalMiner hosts a webinar on a specific metals topic. The MetalMiner team will discuss price predictions for 2022 […]
Oil prices on the rise amid signs of distress heading into winter
Goldman Sachs seems to think oil prices could hit $100 per barrel by the end of the year. So do many consumers, fearing further inflationary pressure on costs that have risen across the commodities landscape this year. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Oil inventories […]
This Morning in Metals: Rio Tinto, BC Works union reach agreement in principle
This morning in metals news: Rio Tinto said it had reached an agreement with the union representing workers at its BC Works; the Census Bureau reported new orders for manufactured durable goods increased in August; and, lastly, oil prices rose last week. More MetalMiner is available on LinkedIn. Rio Tinto, BC Works union reach deal […]
This Morning in Metals: Global aluminum production jumps in July
This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global […]
Oil prices are unlikely to be lower for much longer
You wouldn’t believe the oil price had been quietly falling since early July when you went to fill up your tank this summer. Gasoline demand is nearly back to pre-pandemic levels from 2019. As a result, pressure on refiners has been so marked that prices have risen sharply enough to make the Biden administration urge […]
We haven’t seen the end of this oil price rise
The perennially bullish Goldman Sachs is not alone in predicting a higher oil price. A recent report by the Boston Consulting Group asks the question, “are we on the cusp of a new supercycle?” In BCG’s opinion? We are. You want more MetalMiner on your terms. Sign up for weekly email updates here. Bullish on […]
This Morning in Metals: Nucor to acquire insulated metal panels business
This morning in metals news: Nucor Corporation today announced it will acquire Cornerstone Building Brands‘ insulated metal panels business; the oil price approached $70 per barrel to close last week; and the aluminum price has retraced over the last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Oil price could hit a different kind of peak oil in the years ahead
The oil price took a hit from rumors that a deal was close with Iran on curtailing its nuclear program, the quid pro quo of which would be easing of the oil export restrictions the US has tried to enforce since former President Donald Trump walked away from the deal in 2018. The oil price […]
