Commodities
Commodity surge wanes on supply rise, construction cuts2017-02-06
The surge in prices of a raft of commodities in the past several months, propelled by China, will probably wane this year thanks to expanded production, according to Bank of America Merrill Lynch.
World Bank expects commodities prices to surge in 20172017-01-25
World Bank on Tuesday maintained its forecast for oil prices for this year, while upgraded its projections for major non-energy commodity prices.
China's Chongqing welcomes oil and gas trade center2017-01-13
Chongqing Oil and Gas Trading Center was set up Thursday to deepen energy price reform and enhance international energy cooperation, China's top economic planner said.
Gold futures settle nearly 3 percent lower on Fed-induced dollar rally2016-12-16
Gold futures on the COMEX division of the New York Mercantile Exchange dropped nearly 3 percent Thursday to settle at their lowest level since early February as the Federal Reserve's U.S. interest-rate hike and the potential for more aggressive moves in the new year fueled a rally in the dollar.
Citi sees firm 2017 show in commodities2016-12-12
Citigroup Inc has given a clarion call for commodity bulls, predicting that most raw materials are expected to perform strongly next year as global economic growth picks up.
Analysts doubt OPEC deal will lift oil prices2016-12-09
Whether or not oil prices will rise, due to OPEC's planned crude output cut, remains to be seen, top industry analysts said.
Trading center fuels energy reform2016-11-29
China's first national oil and natural gas trading center is playing a major role in helping to accelerate reform of China's energy market and further promote a market-based pricing system for energy products, said a leading oil industry executive.
National petrol and natural gas trading center opens in Shanghai2016-11-27
A national petrol and gas trading center opened for business in Shanghai on Saturday.
U.S. executive says crude price to rise to 55 USD a barrel in 20172016-11-08
Crude prices could go up gradually to reach 55 U.S.dollars per barrel in 2017, a U.S.oil executive said on Monday.
Mobius says gold will gain in 2017 as Fed goes slow on rate increases2016-10-31
Gold is set to advance by as much as 15 percent before the end of next year as the US Federal Reserve goes slow on increasing interest rates and the dollar remains subdued, buoying bullion demand, according to Templeton Emerging Markets Group.
China links gold market with Dubai2016-10-31
Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE's renminbi-denominated gold benchmark.
Beijing stores cut gold prices on slump2016-10-12
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier price increases this year.
OPEC, non-OPEC countries to meet in Turkey to boost oil prices2016-10-07
Algerian Energy Minister, Noureddine Bouterfa, announced Thursday that Turkey is due to host an informal meeting between OPEC and non-OPEC producers on Oct.8.
China continues leading the world in gold production, consumption2016-10-06
China is set to continue to lead the world in production and consumption of gold, Song Xin, head of the China Gold Association(CGA)said.
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