OPEC has also confirmed its forecasts for Oil demand, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC revises its forecast for non-OPEC+ supply downwards “It continues…
The Japanese economy has not gotten off to a particularly good start this year. According to GDP figures published this morning, economic output declined slightly…
When news agencies yesterday announced that officials from the South Korean Ministry of Finance and the US Treasury Department had discussed exchange rates on the…
The US Dollar (USD) depreciated significantly yesterday following the weaker-than-expected US inflation data. At first glance, this may seem logical. After all, subdued inflationary pressure…
The World Gold Council reported Gold ETF data for April last week, Commerzbank’s commodity analyst Carsten Fritsch notes. The level of Gold ETF holdings in…
In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons…
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank’s commodity analyst…
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent…
Chinese refineries continued to import large quantities of crude oil in April, Commerzbank’s commodity analyst Carsten Fritsch notes. US places independent refineries from China on…
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production downwards, Commerzbank’s commodity analyst Carsten Fritsch notes. Decline in production…