Posts Tagged ‘metals’

Oil down, whilst gold price increases

Thursday, May 3rd, 2012

Oil prices have, for some time, slowly declined from previous peaklevels, metals however, is rising continously. This is simply the summary of
the commodity market today, and there is no indication that any major change will happen in the near future.

Increased oil production – Oil price still high

Oil prices are slowly falling and turning downwards. This includes both WTI- and Brent oil. On behalf of the Brent oil, the turnaround in April 2012 was the first since December.

This all depends on a variety of causes, one of them being the increased production. Within OPEC, there has been an increase by 305 000 barrels per day in April. This is an increase by 1 percent compared with March, and represents a total production of 31.4 million barrels per day.

Nigeria is also investing in increased production of crude oil in the long run. By 2020, the capacity will increase to as much as 4 million barrels per day. This should be compared with the country’s current production of approximately 2.1 million barrels per day. The country is also investing to increase their oil reserve, a backup, which is planned to land at 40 million barrels, an increase of about 3 million barrels from the current reserve.

Information about these plans is considered very safe when delivered by Nigerias Oil (more…)

Stalled development in commodities temporary?

Tuesday, April 10th, 2012

Gold investmentCommodity prices have recently gone up widely, which has lead to that those who invested in the sector, not have been able to see their investments increase in value. But the last few days, oil prices as well as gold and copper have had its ups and downs. It is said to depend on if the oilstock in the U.S. and Europe reduces, but could also depend on the stable dollar.

Oil

The increasing oil price has been hampered in recent times. It has even declined slightly recently. The reason is said to be that the U.S. is considering to review its oil stocks, and maybe even release a part of this oil to the market, as well as the UK and France. It is in this case, a deliberate (more…)

Gold value continue to rise, Warren Buffet is skeptical

Monday, February 27th, 2012

Buffet Warren

The price of gold is constantly rising

Despite the small dips during the latest period of time, the price of gold is currently on its way of reaching new heights. And there are many analysts who sees gold as a safe
investment in troubled times. They expect the time to buy and the peaks to be high (more…)