Today
Oil advances as traders weigh Mideast supply after Biden’s trip
West Texas Intermediate neared $US99 a barrel after dropping almost 7 per cent last week as investors fretted that a global slowdown may hurt demand.
- 1 hr ago
- Bloomberg News
Yesterday
- Exclusive
- Diamonds
‘Hero diamonds’ form basis of Tribeca’s new $50m fund
Jewellery scion Margot McKinney and Tribeca portfolio manager Ben Cleary have raised $50 million to turbocharge their new hard asset diamond fund.
- Jessica Sier
This Month
China mulls ending Australia coal ban on Russia supply fears
Chinese officials are looking to boost fuel supplies to avoid a repeat of last year’s power disruptions, particularly ahead of a key party congress.
- Bloomberg News
Stablecoin crash triggers call for guardrails to protect buyers
The recent sell-off underlined the speed with which confidence can be eroded and the potential volatility of stablecoins, and cryptos more generally.
- David Goodman
JPMorgan gold desk ‘spoofing’ cheated market, ex-trader says
“Our job was to do whatever it takes to make money,” a former employee said at the trial of three former colleagues charged with fraud.
- Tom Schoenberg and Eddie Spence
Commodities rebound on renewed China stimulus hopes
Reports that Chinese officials are contemplating a $327b stimulus package has boosted sentiment and sparked a recovery in raw materials.
- Alex Gluyas
Recession fears unleash panic in commodity markets
Oil plunged below $US100 and the $A fell to a two-year low amid fears a sharp economic downturn will whack demand for raw materials.
- Updated
- Alex Gluyas
US oil plummets, settles below $US100 a barrel
Brent crude futures fell more than 9 per cent as recession risks cloud the outlook for demand.
- Julia Fanzeres
Iron ore slumps, economists warn of China slowdown
It’s unclear whether Chinese growth will reach 5 per cent this year, but economists agree its zero COVID-19 strategy presents the biggest risk to the economy.
- Alex Gluyas
June
Commodity boom to unwind after record year
The post-pandemic bull run is expected to fade as elevated prices and rising interest rates weigh on demand.
- Alex Gluyas
Oil slides on recession fears, proposed Russian price cap
Oil is on track for a monthly decline as recession fears and news the G7 is weighing a price cap on Russian oil-dented commodity markets.
- Emma Rapaport
Copper dives to 16-month low as recession alarms blare
The metal’s prices fell to their lowest level since February last year as weak economic data added to concerns about a looming economic slowdown.
- Alex Gluyas
Energy now viewed as the next fault line for global markets
This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials.
- Tassia Sipahutar
Crude oil buckles as recession angst rattles commodity investors
Oil sank as investors weighed concerns that the US may be headed for a recession, while the Biden administration prepared to step up its fight against lofty pump prices.
- Bloomberg News
Glencore pleads guilty in UK to bribery ahead of sentencing
The plea came after the UK’s Serious Fraud Office found the commodity giant paid more than $40 million in bribes across five African countries.
- Thomas Biesheuvel and Katharine Gemmell
‘Very nervous’: iron ore markets swing violently
Iron ore markets are delicately poised as traders weigh up Beijing’s promises of economic stimulus with the ongoing pursuit of its zero COVID-19 strategy.
- Alex Gluyas
‘Exxon made more money than god’: Biden rips high gas prices
President Joe Biden made clear that he wants oil companies to invest more on producing oil than buying back their own shares.
- Jordan Fabian and Josh Wingrove
El-Erian says it’s ‘way too early’ to say inflation has peaked
Mohamed El-Erian said the drivers of inflation are broadening, and a headline print higher than 8.5 per cent is likely later this year.
- John McCorry and Jonathan Ferro
Exxon, Total poised to win stakes in Qatar gas project
State producer QatarEnergy may announce its decision as soon as this weekend, according to insiders.
- Francois de Beaupuy, Kevin Crowley, Walid Ahmed and Jennifer Jacobs
- Opinion
- Food sustainability
As panic grows, G20 leaders must co-operate on food security
The upcoming G20 summit in Bali is an opportunity to secure a formal commitment to roll back trade restrictions and ease global food shortages.
- Peter Timmer
