A cargo of crude oil from the U.S. Strategic Petroleum Reserve is heading to the Philippines, the first shipment of U.S. emergency reserve oil to Asia since November 2022, ship tracking data showed. …
Crude Oil
The energy crisis is becoming a currency crisis
Have a look at a list of the worst-performing currencies since the start of the U.S. and Israeli war with Iran and a striking but unsurprising pattern emerges: They’re almost all energy importers. The…
The Strait of Hormuz is facing a blockade. These countries will be most impacted
The closure of the Strait of Hormuz by Iran is sending shock waves across global energy markets, with Asia expected to face the maximum pain. A senior commander from Iran’s Revolutionary Guard said Mo…
Commodity Market Report – 26 May 2025
Gold spot prices closed higher at USD3357 /oz with USD155 /oz ascension on weekly comparison. This week, we expect the market to stay firm and climb up to USD3420 oz as our immediate target. In case t…
Commodity Market Report – 21 Apr 2025
Gold spot prices hit another fresh new high at USD3358 /oz on last Friday. Technically, the yellow metal has been defying gravity and soared higher last week despite we called for a potential correcti…
Commodity Market Report – 14 Apr 2025
Gold spot prices made a steep fall early last week to USD2956 /oz and rebound to close at fresh new high USD3236 /oz on Friday. Market has climbed into a new unchartered territory and no one could be …
Commodity Market Report – 1 Apr 2025
Gold spot prices reached new high at USD3168 /oz on last Thursday and began to fall into sharp correction. This week, we target the market will stay in bearish trend and remove the long traders by lan…
Commodity Market Report – 31 Mar 2025
Gold spot prices soared to fresh new record high on Friday’s closing due to uncertainties of U.S. tariffs in global market. Gold yellow settled at USD3084 /oz and set to rise further this week. Techni…
Commodity Market Report – 24 Mar 2025
Gold spot prices made fresh new high at USD3057 /oz and closed at USD3023 /oz. The market is showing temporary exhaustion despite piercing into a new uncharted territory. This week, we project the mar…