Commodities news

Oil price 'unlikely to rise much further'
The Paris-based International Energy Agency has nudged up its estimate for global oil demand this year in its monthly report.
Commodities markets summary
Commodities news from around the world
Gas sector could take decade to recover
Western Australia's oil and gas sector could take up to a decade to recover amid predictions that oil prices will fall further.
Commodity prices edge up in Feb
Australia's export commodity prices edged up in foreign currency terms in February, according to data from the RBA, but are still 55 pct below their peak.
Consumers saving $14 per week on fuel
Plummeting oil prices may be worrying global financial markets but they're helping Aussie consumers save $14 a week at the petrol pump.
Oil prices to continue falling: World Bank
Just three months ago the World Bank predicted oil prices would hit $51 a barrel; now it says it expects the median oil price in 2016 will be $US37.
Commodity prices fall to 9.5 year low
After a 1.1 per cent fall in October, the RBA's foreign currency commodity price index is at its lowest level since March 2006.
WA's financial health hit by commodities
Western Australia's financial health has taken a turn for the worse as the resources state suffers from a multi-billion dollar revenue hit.
ANZ downgrades iron ore and coal prices
ANZ has downgraded its price forecasts for iron ore and coking coal for the next two years as it lowers Chinese growth predictions amid weak steel demand
NZ commodity prices fall for fifth month
The ANZ Commodity Price Index is 23.5 per cent below year earlier levels after five months of declines.