Oil – Reuters reported that the Syrian opposition will be unable to sell crude oil for at least a month because it lacks real executive power even as the European Union governments have eased sanctions on Syria to help them.
Articles Tagged "European Union"
Palladium – Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.
Zinc – Bloomberg reported that Glencore had to end its agreement with Nyrstar, the world’s biggest zinc producer, due to competition concerns after buying miner Xtrata.
Uranium – Bloomberg reported that Romania’s uranium reserves will reopen due to the growing investor interest, according to the country’s Economy Minister Varujan Vosganian.
Rare Earth – Greenland's premier has confirmed that he will not favor the EU over China, or any other investor, when granting access to the country's prized rare earth deposits.
Gold – There was a bullish turnaround in the gold market in the latter half of Q3. While the market may be at risk of a correction in the short term, bulls continue to dominate and further gains are expected.
Tellurium – Facing increasing tariffs, ballooning output and markets saturated by oversupply, Chinese solar panel producers are facing tough times.
Gas – Reuters reported that Italy, Albania and Greece signed an agreement in favor of building the Trans-Adriatic Pipeline (TAP), which will deliver gas from Azerbaijan to the European Union. It is hoped that the pipeline will reduce Europe's dependence on Russia for energy.
Silver – If China is dumping solar panels in western markets, that could be another headwind in an industry that was supposed to be bullish for silver.
Oil – The Wall Street Journal reported that Iran's oil exports fell almost 45 percent in July, in part due to US sanctions and a European Union embargo on the country's oil, both of which are aimed at encouraging Iran to compromise about its nuclear program.