Gold (XAU/USD) Prices Decrease as Q3 Comes to an End
Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction? […]
Malaysia Challenges Chinese Patrols to Boost Oil and Gas Drilling in the South China Sea: Report
Malaysia defies China’s patrols to expand South China Sea oil, gas drilling: report Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report. Short-range coastal tracking data show […]
Surge in Gold Prices Dampens Physical Demand in Major Markets
“Physical demand in general is super low everywhere now,” said Robin Kolvenbach, head of Swiss-based refinery Argor-Heraeus SA. “There was a spike in demand in August when India cut its import duty, but since then it has gone completely dead again.” India, the world’s second-biggest bullion consumer after China, slashed import duties on gold in […]
Top and Bottom Canadian Stocks of Q3 2024
The Morningstar Canada Large-Mid Cap Index rose 10.4% in the third quarter amid a rally in the real estate sector. The large-mid index tracks the performance of the top 90% of the Canadian investable universe by market cap, and each quarter we screen from among the stocks in this index to find the best- and […]
Global Derivatives Exchange to Introduce Spodumene Futures Contract
The CME Group, a prominent player in the global derivatives marketplace, has announced its plans to enhance its offerings in battery metals by introducing a Spodumene CIF China Futures contract scheduled for launch on October 28, 2024, pending regulatory approval. This move comes in response to rising trading activity in the battery metals sector, driven […]
Alaska Energy Metals Completes Inaugural Diamond Core
Alaska Energy Metals Corporation (AEMC) announced the successful completion of its drilling program at the Canwell prospects within the Nikolai Project in Alaska. The program included three drill holes totaling 1,048 meters, with two reaching planned depths. Core samples are at SGS Burnaby labs for analysis, with results expected this quarter. The company also conducted […]
E&P Highlights: October 2024
E&P Notes: October 2024 Talos Announces Plans in Gulf of Mexico Talos Energy discovered oil and natural gas at its Ewing Bank 953 well in the US Gulf of Mexico (GOM). The well found 127 ft of net pay at 19,000‑ft depth, with estimated recoverable resources of 15 to 25 million BOE and expected production […]
3 EV Charging Stocks to Consider Buying During the Dip: July 2024
The many pundits who prognosticated that electric vehicle sales would tumble in the U.S. alongside EV charging stocks, appear to have been, in line with my previous predictions, very much mistaken. That’s because, last quarter, the number of EV sales jumped 11.3% versus the same period a year earlier to a record total of 330,463, […]
Weekly Market Outlook: Will NFP Jobs Data Deter a 50bps Fed Rate Cut?
US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Read More: Bitcoin Price Analysis: Key Support Levels and Market […]
Compensation Strategies at Major Oil and Gas Firms Fall Short in…
1. Only around 3% of CEO compensation is linked to the achievement of climate-related targets at the largest US oil and gas companies. 2. The climate targets indicated in their compensation packages are typically weak or ambiguous. 3. Despite companies’ often bold-sounding declarations, boards are not meaningfully giving senior leaders incentive to align their strategies […]