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.
2,383 total articles
U.S. refinery margins climbed to fresh record highs for a third straight session as shrinking domestic fuel inventories and worsening tensions in the Middle East raise the prospect of supply shortfalls. Diesel demand and constrained supplies have driven refiners' economics, while gasoline stockpiles have fallen sharply, lifting retail prices and sq…
A report from S&P Global Energy projects that liquefied natural gas exports will become the United States' second-largest net export industry within five years and will contribute about $1.4 trillion to U.S. gross domestic product through 2040. The study forecasts more than $1 trillion in supply-chain investment, $2.9 trillion in revenue, significa…
Brazilian instant coffee has been granted an exemption from a newly imposed 25% U.S. tariff on imports from Brazil, a move that preserves between $2 billion and $2.5 billion in annual exports to the United States, Cecafe said. The decision comes after instant coffee remained subject to duties even after broader revocations of tariffs on other Brazi…
Chicago Board of Trade wheat futures were poised to open steady to slightly higher as traders reacted to supply worries and heightened shipping disruptions in the Black Sea region. Short covering and follow-through buying drove CBOT wheat to a fresh two-year peak, while attacks on vessels and reduced intake at one Ukrainian port have added pressure…
Bank of America technical strategists warn that the recent correction in gold may extend materially, citing a cluster of bearish technical indicators that resemble patterns seen at the metal's major peaks in 1980 and 2011. The bank lays out potential downside targets from different lookback approaches and recommends a staged accumulation plan that …
Global equities and risk assets showed muted responses after uneven corporate results, cooling inflation data and renewed geopolitical tensions. Taiwan Semiconductor Manufacturing Co. delivered a surprise profit jump, but chip shares remained under pressure. Softer U.S. producer price data eased near-term rate-hike bets, yet core PCE remains above …
Shipping data show a marked decline in vessel transits through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed a naval blockade on Iranian ports. The reduction in traffic coincides with intensified strikes by both countries across the Gulf, with several empty ships entering the Gulf and a limited number of laden vessels ex…
Russian defence authorities reported strikes on military and industrial targets in Kyiv, and on infrastructure at the ports of Odesa and Pivdennyi, including a maritime vessel and a high-speed boat. Ukrainian officials said ballistic missiles hit parts of Kyiv early on Thursday, causing fires and killing two people. Both sides have been escalating …
The International Energy Agency says full implementation of China’s expanded rare earth export controls risks disrupting about $6.5 trillion of downstream production across automotive, high-tech, defence and energy sectors. Parallel planned controls on graphite could imperil roughly $300 billion of output. The agency highlights concentrated supply …
U.S. forces said they completed a recent set of strikes on Iranian targets, ordered by President Donald Trump, that included facilities in Bandar Abbas and coastal sites on Greater Tunb Island. The military described hits on command centers, air defenses, missile and drone capabilities, and coastal surveillance installations. The actions come amid …
Gold prices fell as rising crude oil prompted concern that inflation may remain higher for longer, bolstering expectations the Federal Reserve will maintain elevated interest rates and supporting the dollar. Softer U.S. producer and consumer inflation readings suggested easing price pressures, but geopolitical-driven oil gains and comments from Fed…
The oil market extended gains for a fourth consecutive trading day as heightened U.S. military activity against Iran intensified fears of sustained interruptions to maritime traffic through the Strait of Hormuz. Benchmarks strengthened after fresh strikes on Iranian military targets and a U.S. report showing a modest draw in crude inventories, whil…
Wheat futures on the Chicago Board of Trade climbed about 5% after military actions between Russia and Ukraine disrupted Black Sea shipping lanes, forcing restrictions in the Sea of Azov — a route that handles roughly a quarter of Russia's grain exports. Major U.S. wheat contracts reached their highest levels since mid-May amid signs of market vuln…
U.S. crude and gasoline inventories fell last week as refiners increased crude runs and drivers sustained gasoline consumption during the summer season. Crude stocks declined by 1.7 million barrels to 409.7 million barrels in the week ending July 10, while gasoline inventories fell by 1.5 million barrels to 210.5 million barrels. Refinery utilizati…
Northwest European gasoline refining margins rose roughly $4 on Wednesday to $43.69 per barrel, a four-year high. The gain was attributed to a decline in U.S. gasoline stocks and weaker crude oil prices. Several spot barge transactions took place in the European market, involving major oil companies and trading houses.
European milling wheat futures registered a sharp advance as recent attacks in the Black Sea region heightened worries about grain export channels. The benchmark September contract on Euronext climbed to levels unseen since June 2025, reflecting market concern over potential disruptions to shipments from the Black Sea and a likely shift toward Euro…
United States soybean processing in June outpaced market expectations, with NOPA members crushing 214.340 million bushels. The month saw a recovery in the daily crush rate to 7.145 million bushels per day, the strongest pace since March, supported in part by production from a new plant at an existing member facility in Gilman, Illinois.
Renewed attacks on tankers transiting the Strait of Hormuz have reversed a recent rebound in Persian Gulf exports, tightening the physical oil market and pushing Brent back into the mid-$80s. Goldman Sachs strategists say the disruption has created fresh upside risks to their price outlook, estimating a material shortfall in Gulf flows and warning …
U.S. consumer inflation unexpectedly eased in June, with a marginal monthly decline in core CPI that lowered the annual core rate to 2.6%. Markets reacted quickly - futures watered down chances of an imminent Federal Reserve rate increase and Treasury yields fell. Corporate earnings produced a mixed picture: major banks posted strong results and Go…
A prolonged drought across the Colorado River basin, compounded by record-low winter snowpack and an unusually hot March, is intensifying competition for scarce water supplies. Farmers, municipal authorities and industrial users from Arizona to Utah and Colorado are being forced to weigh sacrifices as federal agencies consider substantial cuts to a…
On July 15, the Houthi movement in Yemen launched missiles at Saudi Arabia after accusing the kingdom of bombing an airport under their control, effectively terminating a four-year ceasefire. The strike marks a return to active hostilities between the Iran-aligned group and the Saudi-led coalition and has prompted concerns that Tehran could leverag…
China's growing fleet of electric taxis and increased ridesharing are reducing the country's reliance on oil, even as gasoline prices rose following the Iran conflict. Falling fares, driven by an influx of drivers and affordable electric vehicles, have encouraged passengers to shift from private petrol cars to taxis and ride-hailing, helping China …
The Islamic Revolutionary Guard Corps (IRGC) has warned it will close other export corridors used by the United States and its allies after moving to shut the Strait of Hormuz, while the U.S. renewed military strikes and announced a naval blockade of Iranian ports. Analysts say Iran could employ Houthi allies in Yemen to threaten the Bab el-Mandeb …
For the first time, Taiwan is sending its premium mangoes directly to Europe, with initial consignments headed to France and Britain. Growers and exporters say superior flavour helps justify higher export costs, while compliance with strict EU standards and geopolitical tensions with China shape the push to diversify markets.
Crude benchmarks extended gains for a third session as U.S. President Donald Trump's warnings of expanded strikes on Iran, together with Washington's resumption of a blockade on Iranian shipping through the Strait of Hormuz, tightened market sentiment. Brent and WTI both traded at roughly one-month highs, while inventory data from the American Petr…
