Crude oil prices weaken; OPEC+ meeting, API inventories due
Investing.com — Oil prices retreated Tuesday, adding to the previous month’s losses as Middle East tensions were overshadowed by weak global demand growth and concerns of increased supply. By 09:20…
Metallurgical coal set to flip into surplus in 2025: BofA
Investing.com — Metallurgical coal is poised to transition into a market surplus by 2025, as per BofA Securities analysts in a not dated Monday. Since 2021, the global met coal…
HSBC cuts Brent price forecast on reports of early return of OPEC+ barrels
Investing.com — OPEC+’s reported plan to increase oil output from Dec. 1 would mark an earlier-than-anticipated rebound in supply to the market, potentially weighing on crude prices, according to analysts at…
Muted crude and product balances expected this week: Macquarie
Investing.com — Analysts at Macquarie have issued their forecast for the week ending September 27, indicating minimal changes in U.S. crude and product balances. They project that crude inventories will…
TotalEnergies, APA greenlight $10 billion oil and gas project in Suriname
PARAMARIBO (Reuters) – France’s TotalEnergies (EPA:TTEF) and U.S. APA Corp on Tuesday announced a positive investment decision for Suriname’s most promising oil and gas project, Block 58, which is expected…
Oil prices dip as prospect of additional supply offsets Mideast fears
By Arunima Kumar (Reuters) -Oil prices edged lower on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and…
Stimulus impact on Chinese steel demand likely to be modest: UBS
Investing/com — As per analysts at UBS analysts, the impact of China’s recent stimulus measures on steel demand is expected to be modest, despite the potential for initial market excitement. …
Exclusive-Brent oil traders use little known rule to reroute US cargoes
By Florence Tan, Alex Lawler and Robert Harvey LONDON (Reuters) – Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause…
Dollar gains as Powell pushes back on jumbo rate-cut bets
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.…
This Prop Firm Expands into Crypto, Offering Forex and Digital Asset Accounts
In the prop trading industry, Forex (FX) has undeniably been the dominant market, as it’s where retail investors most frequently want to trade. While cryptocurrencies occasionally appear in offerings, they’re…
