Category archives: Uncategorized

China Demand Pushes Copper Higher

Copper continues to make new highs and is now at its strongest level since February 19, driven by vigorous demand from China. Like iron ore, demand is strong, whilst mine closures caused by Covid-19 have restricted supply. This means previous predictions of a surplus are likely to be erased, creating an unexpected V-shaped recovery. In …

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#moreforless – the new shape of OPEC+ supply policy?

Saudi Arabia’s extra voluntary oil-production cut, which came on top of the OPEC+ supply curbs, will cease at the end of this month as demand recovers.   Energy Minister Prince Abdulaziz bin Salman said the kingdom’s additional reductions, which amounted to about 1.2 million barrels a day including contributions from its closest allies in the …

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