Not Such Good Oil from Woodside, Santos
A not unexpected large splash of red ink on the Woodside Petroleum and Santos profit and loss accounts in 2020 thanks to COVID.
Read MoreA not unexpected large splash of red ink on the Woodside Petroleum and Santos profit and loss accounts in 2020 thanks to COVID.
Read MoreWhile Fortescue and Oz Minerals both recorded strong results, South32 looks for the most part to have completely missed the bus on the recent commodities boom.
Read MoreShares in Fortescue metals Group fell nearly 3% in late trading after the company revealed the sudden departure of three senior executives associated with its Iron Bridge magnetite project.
Read MoreDaniel Sullivan, Head of Global Natural Resources at Janus Henderson, discusses the key drivers of change in the natural resources sector and what’s ahead for mining, energy and agriculture in 2021 and beyond.
Read MoreThere is a direct link between renewables and commodities that can be taken advantage of in the markets, writes Alphinity’s Elfreda Jonker.
Read MoreAnother good week for oil after prices hit the highest levels in more than a year on hopes the American economy will rebound and fuel more demand for oil products.
Read MoreOil major Royal Dutch Shell wants to be carbon neutral by 2050 Royal Dutch and will expand its consumer facing businesses in order to achieve its goal.
Read MoreThe timing of the Lunar New Year had plenty to do with the 10% fall in iron ore exports to China through Port Hedland over the past month.
Read MoreMost major commodity prices rose last week as the anticipated assault on the silver market by the Reddit Army petered out quickly and, for the most part, ineffectively.
Read MoreWhat exactly does the Chinese steel industry have planned for the sector and, more importantly, how this will affect local producers such as BHP, RIO and Fortescue?
Read MoreShares in ASX listed gold miners will take a big hit today after the price of the precious metal fell sharply on Thursday.
Read MoreContrary to historical trends, Iron ore prices are down sharply in February ahead of the Lunar New Year Festival starting February 11.
Read MoreSilver prices surged to an eight-year high on Monday, shares in listed silver-mining companies jumped and bullion dealers were left scrambling as the Reddit army of small-time investors piled in to the metal.
Read MoreAustralia is in the midst of the biggest commodities price boom since 2011. And as was the case a decade ago, it is iron ore leading the charge, along with copper, wheat and, lately, LNG.
Read MoreWhile most other major commodities were stronger, copper prices hit their lowest point of the month on Friday amid a global sell-off in equities and a firmer US dollar.
Read MoreIt’s clear now that gold staged something of a miracle in 2020 – hitting a new all-time high in August while demand slid to an 11-year low. Can it pull this off again in 2021?
Read MoreAMP Capital’s Dr Shane Oliver breaks down markets across the spectrum and around the globe in his weekly Insights column.
Read MoreIron ore prices were crunched on Thursday with prices down more than 4% in what has been a slow fade from the multi-year highs earlier this month.
Read MoreNewcrest Mining shares dipped 2.8% on Thursday in the day’s market wide sell-off and lower gold prices as investors ignored what was good news from the country’s top gold miner.
Read MoreThanks to China’s rebound, world steel ended up not too badly in 2020 with a small drop of just 0.9% to 1.864 billion tonnes.
Read MorePrices for major commodities fell across the board as investor sentiment soured last week despite solid data from both China and the US.
Read MoreAMP Capital’s Dr Shane Oliver breaks down markets across the spectrum and around the globe in his weekly Insights column.
Read MoreDespite data that shows signs of improvement, both Santos and Woodside will be looking at (not unexpected) sharp falls in earnings for the full year when they are revealed in February.
Read MoreThe eyes of the global iron ore and steel industries will be on the waters of northwestern Australia from now until the weekend with a possible cyclone on track to hit the Pilbara iron ore mining and shipping areas.
Read MoreThe International Energy Agency (IEA) January oil report forecasted a downgrade in 2021 oil consumption but still sees a second half recovery strengthening.
Read MoreShares in BHP remained at their current near record levels yesterday after it released an encouraging six-month sales and production report that saw the company ride the boom in commodity prices nicely.
Read More2021 is going to be a year of marking time for Rio Tinto with targets for the coming year little changed from 2020, which likely means they will be looking to cost cutting and price gains to drive earnings growth.
Read MoreIron ore prices rose Monday in the wake of the release of official figures showing China produced a record amount of steel in 2020, after importing a record amount of iron ore as well.
Read MoreA big week for the local market – not for the earnings results – but for the production and sales data from two of the world’s mining majors and iron ore giants – Rio Tinto and BHP.
Read MoreAfter three weeks of gains, there was a reminder Friday that oil prices can fall and fall sharply, and it was a similar story for gold, copper and silver, but iron ore prices edged higher on Friday.
Read MoreChina has shown its contempt for Australia by refusing to import the millions of tonnes of Australian coal on more than 80 ships off Chinese ports, even though the country was forced to triple coal imports in December to try and boost output of electricity in the middle of a harsh winter.
Read MoreAccording to Whitehaven Coal, Australian coal is finding its way into China despite the continuing ban by the Chinese government. Whitehaven shares rose 3.1% to end at $1.805 after being up more than 6% at one stage.
Read MoreChina’s iron ore imports hit a record high of 1.17 billion tonnes in 2020, capping the year with a solid performance in December. The country’s imports of 1.17 billion tonnes of iron ore beat 2019’s 1.069 billion tonnes and the previous record of 1.075 billion tonnes in 2017.
Read MoreWhile the second impeachment of Donald Trump held all the attention in markets on Wednesday, the real threat to the US economy was exposed in the latest Beige Book of economic anecdotes collected by the US Federal Reserve ahead of its first meeting of the year on January 26 and 27.
Read MoreSaudi Arabia’s oil deal last week to keep the OPEC plus production cap in place for at least the first quarter of this year also played well for the world’s energy majors and not so major.
Read More2020 turned out far better for diversified investors than had been feared when the pandemic hit, with average balanced growth superannuation funds looking like they have returned around 3%. This followed around 15% last year. But can returns hold up?
Read MoreIron ore shipments to China from Australia’s Port Hedland ended the year on the up after a sag in November. Shipments rose by 16% in December from a month earlier, despite a short weather-related shutdown.
Read MoreCommodities ended a strong week on an upbeat note with gains across the board except for gold which was hammered lower in a move that will hit ASX trading this week.
Read MoreA summary of the various market moves in the week ending 8 January.
Read MoreCommodity prices have started 2021 the way they ended 2020 – on the up, with iron ore, copper and gold all enjoying solid rises, though oil eased.
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