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Copper hit near two-month high on upbeat China import data

copper

in hits near-4-month peak; lead at highest since June * China copper imports up 8.1 pct at 410,680 T * Euro rises against dollar * U.S. weekly jobless claims edge up, but still at low levels By Harpreet Bhal and Eric Onstad LONDON, Aug 8 (Reuters) – Copper hit its highest in almost two months on Thursday as upbeat trade data and ... Read More »

Fuel Oil Rally to End With Europe Swamping Asia

asia oil

The premium traders in Asia are paying for the earliest deliveries of fuel oil is poised to slide from an eight-month high as Europe floods the region with excess supplies and Chinese refinery demand wanes. Deliveries to Singapore in June will cost an average $1.25 a metric ton more than July contracts in the second half of this month, according to the ... Read More »

Chinese Gold Rush In Hong Kong (video)

Honk KOng gold rush

Chinese Gold Rush In Hong Kong – After Prices Slump China’s Consumption of Gold and Acquisition of Gold Mining Stocks Continues   GoldandSilverNow Read More »

Hong Kong’s gold rush (video)

TOPSHOTS-HONG KONG-GOLD-COMMODITIES

Investors in the West might be losing interest in gold as a safe haven for their money, but physical demand for gold remains strong in Asia, where consumers with money to spend have seen recent price drops as a buying opportunity   FT photo credit: MIKE CLARKE/AFP/Getty Images Read More »

Gold Gains, Crude Slips : Trading Strategies by Experts (video)

Gold Gains, Crude Slips : Trading Strategies by Experts Read More »

Asia’s Accelerating Energy Revolution: India

india-map-wind-energy-potential

In late 2012, the Rocky Mountain Institute’s cofounder, chairman, and chief scientist Amory Lovins spent seven weeks in Japan, China, India, Indonesia, and Singapore observing Asia’s emerging green energy revolution. In February 2013, he returned to Japan and China. Japan, China, and India—all vulnerable to climate change—turned out to be in different stages of a “shared and massive shift” to ... Read More »

Oil prices up in Asia on weaker dollar, US jobs data

oil Asia

SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said. Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world’s biggest oil consuming nation, they said. New York’s main contract, light sweet crude for delivery in April was ... Read More »

Oil prices mixed in Asian trade

crude-oil-barrel

SINGAPORE, MARCH 7: Oil prices were mixed in Asian trade today, with the sentiment subdued by concerns a prolonged budget stalemate in the United States could hamper recovery in the world’s biggest economy. Prices had already slipped in New York after US crude stockpiles surged by more than eight times, the expected amount, indicating weak demand in the country. New ... Read More »

Gold prices firm on Asia buying

gold asia

Gold firmed on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust US economic data dented bullion’s safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. “The broad theme might be ... Read More »

Exclusive: Russia plans $25-$30 billion oil-for-loans deal with China

rosneft

(Reuters) – Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, which would echo a $25 ... Read More »