Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
1,032 total articles
Gold in Asian trading ticked up modestly after extreme volatility last week, with spot and futures contracts both gaining 0.4%. Investors are monitoring the potential widening of the U.S.-Israel conflict with Iran, including new strikes by Yemen-based Houthis and reports of U.S. troop movements to the Middle East. Analysts characterize the recent g…
Oil futures spiked in early trading after Yemen's Houthi movement launched missiles at Israel, widening the geographic scope of the Middle East conflict. Brent rose to $115.08 a barrel, briefly touching $116.43, as reports of attacks, military deployments and maritime vulnerability heightened concerns about global supply disruptions.
The New York Times reported that the United States is permitting a Russian oil tanker to reach Cuba, marking a softening of Washington's effective blockade of oil shipments to the island. The sanctioned tanker Anatoly Kolodkin departed Russia's Primorsk port carrying between 650,000 and 730,000 barrels of crude, according to ship-monitoring data an…
Rosatom has reported a deterioration in conditions at Iran's Bushehr nuclear power plant following another nearby strike, warning that such attacks constitute a direct threat to nuclear safety. The International Atomic Energy Agency said Iran informed it of the latest incident - the third in 10 days - and reported no damage to the operating reactor…
The European Union's trade commissioner described a constructive meeting with the U.S. Trade Representative at the World Trade Organization ministerial in Cameroon, with both sides agreeing to push forward cooperation on critical minerals and addressing tariffs. EU lawmakers recently advanced legislation intended to implement the EU side of the Tur…
Technical strategists at Bank of America warn that gold’s recent retreat could extend into a multi-month consolidation rather than prompt a sharp rebound. A mix of macro pressure, stretched positioning and shifting central-bank behavior has left bullion vulnerable, with analysts highlighting downside scenarios that include a potential pullback towa…
A missile detected from Yemen has been reported amid a widening U.S.-Israeli conflict with Iran, coming hours after the Iran-aligned Houthi movement warned it was prepared to act should hostilities escalate. The Houthis are a long-established military, political and religious force in northern Yemen with demonstrated missile and drone capabilities.…
The Israeli military announced early on Saturday that it had detected a missile launch from Yemen, the first recorded missile launch from that country since the outbreak of the war. The detection came hours after Iran-aligned Houthi forces said they were prepared to act if what they termed an escalation against Iran and the 'axis of resistance' per…
U.S.-Israeli air strikes have struck deep into Iran’s political and military leadership, killing the Supreme Leader and multiple senior officials and commanders. The losses include top security and intelligence figures, senior Revolutionary Guards commanders, and Iran’s defence minister. These strikes have coincided with disruptions to energy marke…
The Environmental Protection Agency has finalized higher renewable fuel blending mandates for 2026 and 2027, directing refiners to blend more biofuels into gasoline and diesel. The move, which incorporates a portion of previously waived volumes, drew criticism from U.S. refiners who say it will lift pump prices already climbing amid the conflict in…
Canada’s minister of international trade said he aims to finalize a free-trade agreement with the Mercosur bloc by the autumn, accelerating negotiation timetables and holding frequent talks on the sidelines of the World Trade Organization ministerial in Yaounde. Bilateral discussions with Argentina, Paraguay, Brazil and Uruguay are under way, while…
At a G7 meeting in Vaux-de-Cernay, France on March 27, foreign ministers issued a joint statement calling for an immediate end to attacks on civilians and civilian infrastructure in the Iran war. They emphasized limiting the conflict's effects on regional partners, populations and critical systems, while urging restoration of safe, toll-free naviga…
Gulf Arab governments are pressing the United States to secure more than a cessation of hostilities with Iran. Officials and regional experts say any settlement must permanently degrade Iran’s missile and drone arsenal, constrain proxy operations that threaten shipping and energy infrastructure, and enshrine guarantees that the Strait of Hormuz wil…
Trade ministers gathered in Yaounde, Cameroon, remain committed to negotiating World Trade Organization reforms, but deep divisions persist, notably between the United States and India. Key sticking points include whether to adopt a detailed reform workplan, extension of an e-commerce moratorium, the inclusion of an Investment Facilitation for Deve…
A short message on Truth Social from the U.S. president briefly reversed large swaths of market pricing, sending oil sharply lower and lifting equities before gains faded. Subsequent extensions of an attack deadline and conflicting reports from mediators and Tehran left traders struggling to gauge the trajectory of the crisis, producing volatile mo…
Kremlin spokesman Dmitry Peskov said Russia does not intend to undermine U.S. business interests in the Caspian Pipeline Consortium (CPC), responding to suggestions from some Russian commentators that oil shipments from Kazakhstan via the CPC be halted in retaliation to U.S. sanctions. The CPC exports oil through a Russian Black Sea terminal near N…
Canada and the Mercosur trading bloc are making rapid progress toward a free-trade agreement, with officials and diplomats indicating a possible signing later this year following renewed negotiations and technical exchanges. Another negotiating round is scheduled for next month in Brasilia as governments intensify outreach to secure market access a…
U.S. farmers are signaling a move away from corn and spring wheat toward soybeans as higher fertilizer and fuel prices, along with subdued grain markets and trade uncertainty, cast doubt over crop profitability. Analysts' pre-report estimates point to a notable decline in corn acreage, the smallest spring wheat area since 1970, and a rebound in soy…
Russian Foreign Minister Sergei Lavrov told France Televisions that the United States is attempting to assume control of the Nord Stream gas pipelines in the Baltic Sea, which were severely damaged by explosions in September 2022. Lavrov linked the claim to broader U.S. efforts to influence global energy markets, but provided no supporting details.…
U.S. Secretary of State Marco Rubio called Kurdistan Regional Government Prime Minister Masrour Barzani to express gratitude for the KRG's role in enabling Iraqi oil, including from the Kurdistan region, to reach international markets. Rubio also offered condolences for Peshmerga fighters killed in an Iranian missile attack and wished a speedy reco…
Gold prices climbed in Asian trading after U.S. President Donald Trump said he would pause attacks on Iran’s energy infrastructure for 10 days and described negotiations as "going very well." Spot gold and U.S. futures rose on a slightly weaker dollar and reduced immediate safe-haven demand, even as bullion remains on course for a weekly decline.
Key leaders and senior Revolutionary Guards commanders in Iran were killed in U.S.-Israeli strikes after the conflict that began on February 28. Despite those losses, the Islamic Republic’s institutional design - a layered, resilient system built since the 1979 revolution - has retained the capacity to plan and execute strategy. The new supreme lea…
Oil prices eased in early trade after U.S. President Donald Trump announced a 10-day pause in planned strikes on Iranian energy plants and signaled progress in talks. Brent and U.S. West Texas Intermediate futures trimmed gains from the prior session, with broader market indicators pointing to reduced near-term risk expectations despite the ongoing…
Oil futures fell in Asian trading on Friday and were headed for a weekly drop as signs of de-escalation in the Middle East reduced the risk premium that had buoyed prices. Brent for May delivery and U.S. WTI both declined, with markets responding to a U.S. announcement of a temporary pause in strikes against Iranian energy infrastructure and cautio…
Mexican navy officials say a recent oil contamination along the Gulf of Mexico shoreline resulted from a combination of natural submarine seepage and petroleum discharged by a tanker that has not yet been identified. Navy chief Raymundo Morales cited satellite imagery and a list of 13 vessels that transited the affected area; four remain in Mexican…
