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Top related persons:
Pierre Andurand - 2 — - 2 That's - 1 Andurand - 1 BHP's - 1 Jeff Currie - 1 — Currie - 1 I'm - 1
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Search resuls for: "Pierre Andurand"


6 mentions found


☆ Copper prices will extend records and surge another 288% in the coming years, top trader says
  + stars: | 2024-05-24 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
Top commodity trader Pierre Andurand expects copper to reach $40,000 a ton in the next four years. AdvertisementCopper prices at records are only a taste of what's to come, says top commodities trader Pierre Andurand. Copper is already sitting near record highs, so any quadrupling from current levels would mean a prolonged series of fresh records. It's bad news for a depleting inventory; last year, global copper supply hit its lowest seasonal level since 2008. The supply-demand imbalance is the same thesis for why commodities expert Jeff Currie expects higher prices, though his projection is nowhere near Andurand's — Currie expects copper to hit $15,000 in the coming years, and has called it "the most compelling trade" he's ever seen.
Persons: Pierre Andurand, —, That's, Andurand, BHP's, Jeff Currie, — Currie, I'm, Currie Organizations: Service, Financial Times, Bloomberg
☆ The crisis in the Middle East could fuel a flare-up in inflation and hasten an economic slump for the US
  + stars: | 2023-10-10 | by ( George Glover | ) www.businessinsider.com   time to read: +4 min
Iran becoming embroiled in the crisis would be bad news for the US economy, according to analysts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIran becoming embroiled in the crisis gripping the Middle East could have disastrous knock-on effects for the US economy, analysts have warned. So this is why the big question for the markets and for the economy is whether you get escalation," he added.
Persons: —, Brent, LPL, Quincy Krosby, Pierre Andurand, David Donabedian, Mohamed El, Erian Organizations: Service, West Texas, Wall, CIBC Private Wealth, Treasury Locations: Israel, Iran, Tel Aviv, Tehran, Hamas, Ukraine, Russia, China
☆ Oil rises 2% in retreat from 15-mth low as banking fears subside
  + stars: | 2023-03-22 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
"Fears of a banking crisis and a recession have eased, brightening the oil demand outlook at least for now," said Fiona Cincotta, Senior Financial Markets Analyst at City Index. Wall Street indexes also closed sharply higher on Tuesday as fears over liquidity in the banking sector abated and market participants eyed the Fed. Meanwhile, U.S. crude oil inventories rose by about 3.3 million barrels last week, according to market sources citing American Petroleum Institute figures. OPEC+ sources told Reuters the drop in prices reflects banking fears rather than supply and demand. The CEO of energy trader Gunvor, Torbjorn Tornqvist, said he expected oil prices to move higher toward year end as rising Chinese demand tightens the market further.
☆ OPEC+ likely to stick to its guns despite price slump, delegates say
  + stars: | 2023-03-22 | by ( Ahmad Ghaddar Maha El Dahan Alex Lawler | Ahmad Ghaddar | Maha El Dahan | ) www.reuters.com   time to read: +2 min
Oil prices hit 15-month lows on Monday in response to the banking crisis that followed the collapse of two U.S. lenders and resulted in Credit Suisse being rescued by Switzerland's biggest bank UBS (UBSG.S). Falling oil prices are a problem for most of the group's members because their economies rely heavily on oil revenue. A third delegate said the recent slump in oil prices was related to speculation in the financial market, not market fundamentals. In its most recent monthly report, OPEC upgraded its forecast for Chinese oil demand growth this year but maintained its projection for global demand growth at 2.32 million bpd. Reporting by Ahmad Ghaddar, Maha El Dahan and Alex Lawler Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Ex-Gazprom official says decades of the Russian gas giant's work has been 'flushed down the toilet', with export revenues expected to halve this year
  + stars: | 2023-02-14 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Gazprom's years of work on exporting Russian gas have been "flushed down the toilet," an ex-official said. An ex-manager at the gas giant bemoaned the impact of the Ukraine war to Reuters after gas prices fell close to two-year lows. "The work of hundreds of people, who for decades built the exporting system, now has been flushed down the toilet," he told Reuters. Russia's gas exports to Europe have fallen significantly thanks in part to sanctions imposed on Moscow after President Vladimir Putin sent troops into Ukraine in late February last year. Energy prices are dipping after a milder winter than expected for Europe, which has successfully built up stocks of oil and gas.
☆ Oil hedge funds' highs and lows as geopolitics cloud outlook
  + stars: | 2022-12-12 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +3 min
King says he avoided steep losses by trading commodities other than those attached to the oil price. Bumper performances at other oil funds have also been curtailed. Industry data suggests the performance of oil funds in 2022 was varied. Reuters Graphics Reuters GraphicsHedge funds that traded energy commodities using systematic - or computer-led - strategies show a narrower performance range. Among the top, Arion Investment Management's systematic energy fund is up 31% for the year so far.
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