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.
2,715 total articles
Chicago Board of Trade wheat futures fell on Friday, reversing part of the rally that pushed prices to a 3-1/2-year high earlier this week. Traders cited diplomatic signals that a peace settlement between Russia and Ukraine remains possible - developments that could alleviate disruptions to Black Sea grain shipments and ease pressure on global supp…
The U.S. Treasury Department on Sept. 4 announced Iran-related sanctions on three Turkey-based firms, while issuing a general license to permit orderly wind-down of transactions. The move forms part of a broader U.S. campaign aimed at increasing economic pressure on Iran and follows recent steps targeting foreign banks' dealings with Tehran.
Bond markets across major economies experienced a sharp repricing this week, with long-term government yields climbing to multi-decade highs. A mix of rising deficits, persistent inflationary pressures, large-scale AI-driven corporate investment and a jump in energy prices prompted investors to demand higher compensation for holding long-dated sove…
A mechanical foreman pulled from a tunnel at the Upper Trishuli 3A Hydropower Station said he remained to assist colleagues instead of fleeing when a catastrophic wall of ice, rock and debris struck. Rescued nine days after the disaster, he and another survivor are in intensive care, while officials say hundreds are believed trapped in tunnels link…
Citi remains constructive on precious metals, reiterating a near-term gold target of $4,800 per ounce and a 6-12 month forecast of $5,000, above the roughly $4,500 spot. The bank also projects silver at $75 per ounce versus a $67 spot. Citi characterizes the recent retreat in gold after a hawkish Warsh speech on August 29, 2026 as a dip that invest…
Citi and ANZ have raised their Brent crude price projections as continued disruptions to Middle East production and transit weigh on global oil balances. Citi now expects $86 per barrel for third-quarter 2026, while ANZ puts its short-term Brent view at $95 per barrel. Both banks highlight strained inventories and substantial Persian Gulf supply lo…
Two mechanical staff members from the Upper Trishuli 3A Hydropower Station were pulled alive from a tunnel nine days after a glacier collapse on the upper Trishuli River sent ice, rock and mud through the valley, a disaster that has killed at least 1,252 people and left more than 4,200 missing. The rescued men are the first survivors recovered from…
Two mechanical staff were rescued alive from a tunnel connected to the Upper Trishuli 3A Hydropower Station nine days after an ice, rock and mud slide swept through a valley on the Trishuli River, an event that killed more than 1,200 people and displaced tens of thousands. The workers are en route to Kathmandu for medical treatment; one is reported…
Oil prices rose in Asian trade on Friday and were positioned for substantial weekly gains after a fresh round of hostilities between the United States and Iran increased the prospect of extended interruptions to shipping through the Strait of Hormuz. Benchmark Brent and WTI futures moved higher, supported by falling U.S. commercial crude stocks and…
Oil prices rose on Friday and are set for the biggest weekly advance since mid-July as heightened U.S.-Iran tensions and new Iranian rules for vessels transiting the Strait of Hormuz intensified worries over Middle East supply disruptions. Brent traded near $95.67 per barrel and U.S. crude around $91.56, with substantial weekly percentage gains.
U.S. diesel prices reached an intraday record, driven by supply squeezes after renewed hostilities involving the U.S. and Iran and disruptions from attacks on Russian refineries. Inventories are at multi-decade lows, refiners are running at high rates, and seasonal demand risks pushing costs higher for trucking, agriculture and heating.
Speaking to GB News on Sept 3 in London, former U.S. President Donald Trump said Britain was "on the edge of disaster," pointing to high energy prices, net zero policies and large-scale migration as key problems. He reiterated admiration for King Charles and affection for Britain, but criticised Prime Minister Andy Burnham’s government. Trump repea…
Chicago Board of Trade wheat futures eased on Thursday, retreating from recent multi-year highs after Russian President Vladimir Putin indicated there was a chance of a peace agreement over the war in Ukraine. Traders booked gains after a sharp rally that had been driven by concerns about disruptions to Black Sea grain exports. Market participants …
Gold's rise in August was largely powered by strengthened investment demand, according to Krishan Gopaul, senior analyst for EMEA at the World Gold Council. While the U.S. Treasury's late-month expansion of bond buybacks may have sped the move, Gopaul said it more likely amplified an ongoing trend amid concerns over elevated debt levels in the U.S.…
Oil futures climbed on Thursday after U.S. strikes on Iran and renewed threats from Israel against Tehran raised concerns about disruptions to Middle East supplies. Brent and U.S. crude were up for a fourth consecutive day, shipping through the Strait of Hormuz fell, and market participants pointed to tight inventories and geopolitical risk as upwa…
Jefferies has raised its long-term uranium price forecast from $70 to $95 per pound, arguing that higher production costs, capital intensity and execution risk mean current prices are insufficient to finance the new supply required. The brokerage expects primary production to peak at 243.4 million pounds in 2033, with China accounting for the bulk …
Piper Sandler has increased its second-half 2026 Brent crude oil price projection by $10 per barrel to $90/b, pointing to a persistent Middle East supply stalemate and substantial cuts to Russian refining capacity that have tightened the global oil market more than expected. The firm calls the change largely a mark-to-market move, highlights Q3 rea…
The World Meteorological Organization says the current El Niño is likely to remain through February 2027 and could become the strongest on record, driven by exceptionally warm Pacific Ocean temperatures. Officials warned of sustained shifts in rainfall and temperature patterns, ongoing impacts on soft commodities and food security, and elevated glo…
European and British wholesale natural gas prices fell for a second straight session as trading desks secured gains following a multi-day rally that pushed benchmark curves above levels seen in the fifth month of the Middle East conflict. While front-month contracts eased, market risk premia tied to ongoing U.S.-Iran military engagement and constra…
Nepal faces an extensive rebuilding effort after a glacier collapse on August 26 unleashed ice, rock and mud across border communities, leaving at least 1,204 dead and more than 4,200 people missing. Officials estimate about 7,500 homes were destroyed and roughly 20,000 dwellings will need to be rebuilt. Rescue teams, supported by international exp…
Oil prices retreated modestly as traders recalibrated risk following renewed U.S.-Iran military action. Brent and U.S. WTI both pulled back after session swings earlier in the week, while shipping data showed lower-than-average transits through the Strait of Hormuz amid tightened enforcement by Iran.
U.S. crude oil production rose modestly in June to 13.79 million barrels per day from 13.76 million in May, while demand for crude and petroleum products increased to 20.74 million barrels per day. Natural gas production also climbed to 135.5 billion cubic feet per day, with Texas recording a new monthly high of 39.2 billion cubic feet per day, acc…
West African crude oil differentials were unchanged on Wednesday as recent price increases - attributed to Middle East supply disruptions and higher freight expenses - depressed buying interest. Nigerian grades such as Bonga and Forcados are assessed at about plus $6 to dated Brent, a level that has prompted some buyers to step back. Freight rates …
European low-sulphur gasoil (diesel) margins were little changed after U.S. Energy Information Administration data showed a surprise increase in U.S. distillate inventories. Futures for low-sulphur gasoil held close to record levels, while U.S. distillate stocks rose by 0.8 million barrels to 104.2 million barrels last week. Analysts had expected a…
U.S. energy giant Chevron and Italy's ENI formalized agreements with Venezuela to advance large oil project expansions intended to lift the country's crude output. Most of the pacts are linked to project expansions under renegotiation with the oil ministry and state oil firm PDVSA as part of contract migrations following an oil reform enacted in Ja…
