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7May 2017

Copper stockpiles surge pointing to concerns over global demand

A surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes amid concerns about China’s slowing industrial activity. Prices of copper, referred to as the metal with a Ph.D in economics, are trading near a four-month low.

7May 2017

US crude posts worst close in more than five months

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world’s stubbornly persistent glut of crude erased most of the gains that followed last year’s OPEC’s output cut. The slide worsened after OPEC delegates downplayed the chance that their group and other producing countries would deepen their output cuts when they meet on May 25. They did say current output cuts were likely to be extended.

6May 2017

The State of Fintech in 2017

Jamie Dimon the CEO of JP Morgan, recently told shareholders, we spent more than $9.5 billion in technology firmwide, of which approximately$3 billion is dedicated toward new initiatives. Of that amount, approximately $600 million is spent on emerging fintech solutions—which include building and improving digital and mobile services and partnering with fintech companies.”

6May 2017

Kuwait Sees $80 Oil By 2020

A number of oil executives, analysts, and international agencies have been warning that the oil price crash and resulting slashed investments across the board would lead to a much tighter oil market within the next 4-5 years. Now the head of Kuwait’s national oil company Kuwait Petroleum Corporation (KPC) is joining the ranks of those warning that by 2020, oil demand will be ‘enormous’ as the low global investments we’ve seen since 2014 begin to catch up with supply.

6May 2017

Quarterly profits at Shell surge on rebounding oil prices

Net profit at Royal Dutch Shell increased more than seven-fold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday (May 4). Profit after tax came in at US$3.538 billion (€3.240 billion) in the three months to March, compared with US$484 million in the first quarter of 2016, the Anglo-Dutch group said in a statement.

6May 2017

Good news for Zinc miners as reports point to the market continuing to rise

Industrial metals prices are projected to jump 16% this year due to strong demand, especially from China, and supply constraints, including mine disruptions in Chile, Indonesia and Peru, the World Bank says in its commodities markets outlook published on Wednesday. Researchers at the institution believe zinc has the brightest prospects this year and will follow up 2016’s 60% price gain with a 32% jump this year.

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