Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: oil prices; construction spending; automotive sales; precious metals; aluminum stocks; and much more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Tag: oil price
This Morning in Metals: Oil producers reach tentative deal on output cuts … but Mexico holds out
This morning in metals news, oil producers on Thursday (including Saudi Arabia and Russia) reached a deal in principle to slash output, ArcelorMittal is laying off new hires and Chinese iron ore futures made gains to close the week.
Shakeout from oil price forces alliance of foes
Boasts of a deal between Saudi Arabia and Russia, leaders of the OPEC+ oil producers alliance, to lead cuts in output by 10 million to 15 million barrels per day may have boosted oil prices for the time being. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
Week in Review: Oil prices plunge; auto sales slump in Q1; steel output up in February
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: oil prices, Section 232 steel tariffs, the gold market, PMI numbers, steel production and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Global crude steel production rises 2.8% in February
Despite the coronavirus outbreak’s widespread humanitarian and economic impact, steel production continued to chug along in February. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the World Steel Association, global crude steel production reached 143.3 million tons in February, up 2.8% compared with February […]
Could we be on the way to $10 per barrel oil?
Popular investor inclination may be that after such a dramatic fall, the oil price has to bounce back, that investor sentiment on the downside was an overreaction. That inclination might also say after a chance for reflection has been allowed, prices will recover. But the reality is all we can reliably expect is a period […]
Outlandish as it may sound, talk of negative oil prices has a message
Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. That is, they […]
Winners and losers from the oil price crash
The initial reaction to the collapse in oil prices this week, initiated by Saudi Arabia’s unilateral declaration that it would open the spigots and flood the market with oil while simultaneously heavily discounting prices, was followed by optimism in some quarters. That optimism came with the thought that lower oil prices would aid economies struggling […]
First a stock market crash, then an oil price crash as Saudi Arabia, Russia butt heads
The current plunge in the oil price has less to do with the coronavirus than it does with power politics. Oil prices crashed by the most in 29 years Sunday night, The Telegraph reported this morning, as Saudi Arabia announced its deal with OPEC+ to limit production was dead in the water. Instead, the kingdom […]
This Morning in Metals: Oil prices tick up on OPEC output cut expectations
This morning in metals news, oil prices ticked up Wednesday, the European Steel Association welcomed the start of E.U.-U.K. trade negotiations, and Century Aluminum recently released its Q4 and full-year 2019 financial results. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
