What’s going on? Iron ore price dropped to a 4-month low, as China decided to go green. What does this mean? Iron ore is a major component of steel, which is a major component of cars, buildings, and things that helps the world stay still. The recent price drop of iron ore might be largely…
Tag: commodity
Ep 151: The return of Saudi Aramco and the oil industry
What’s going on? After a tough time, oil producer performance is rising again. The world’s largest, Saudi Aramco, is the latest to report much-improved profit. What does this mean? As major economies reopen, commodity prices have surged: oil is up more than 30% so far in 2021, which is much more optimistic than the deep…
Ep 140: Oil price is expected to increase substantially
What’s going on? The oil price is expected to increase substantially sooner than Goldman Sachs thought. What does that mean? Demand for oil has finally started rebounding from 2020, with price increasing by more than 20% this year. But Goldman thinks that it’s only the beginning: it will rise another 20% by Q3. Some reasons:…
with HT 