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.
2,960 total articles
BP expects post-tax impairments of $3.0 billion to $4.5 billion in the third quarter related to its gas and low-carbon businesses, even as it projects a pronounced reduction in net debt by the end of September. The trading update also narrowed quarterly upstream production guidance, reported lower average Brent realizations versus Q2, and showed st…
Gold edged higher after the dollar weakened, yet an intensifying Middle East conflict and elevated oil prices are keeping pressure on inflation expectations and the outlook for U.S. interest rates. Market participants await U.S. consumer price data that could influence future Fed action and demand for non-yielding assets.
Oil prices declined on Tuesday after a Russian official said diesel exports could surpass volumes referenced in a U.S.-Russia supply arrangement. Brent and WTI both gave back early gains, though prices remain near recent peaks as questions over an alleged Russia-Ukraine ceasefire and ongoing tensions in the Middle East sustain market unease.
Russia’s deputy prime minister said Moscow has the capacity to raise diesel exports to levels that may exceed figures recently announced by the U.S. president. The remarks come after a U.S. decision to temporarily lift sanctions on Russian fuel and follow criticism from Ukrainian leaders and some U.S. lawmakers. Moscow expects exports to return to …
President Donald Trump defended his administration's arrangement to import Russian diesel into global markets, saying the action is intended to bring down high fuel prices that could hurt Republican prospects in the November 3 midterms. The decision, which included a temporary lifting of U.S. sanctions on Russian fuel, drew criticism from lawmakers…
Gold's 5-hour chart has been rebuffed at a major resistance band around $4,245, leaving the metal trading near $4,211 amid mixed technical signals. Short-term indicators show bullish push, but longer-term trend measures remain bearish. Traders face a clear binary: a decisive close above $4,245 would favour bulls and open targets toward $4,325 and h…
Oil prices fell on Monday after US statements that Russia will supply substantial diesel volumes and that Ukraine and Russia had agreed to a halt in attacks on energy facilities. The supply tone was offset by continued conflict in the Middle East, including strikes on Riyadh’s airport and a series of tanker incidents in the Strait of Hormuz, which …
Gold prices ticked higher on Monday as markets digested U.S. President Donald Trump’s announcement of an immediate energy ceasefire between Russia and Ukraine alongside fresh violence in the Middle East that risks fueling inflation. At 20:30 ET (00:30 GMT) XAU/USD rose 0.3% to $4,206.86 an ounce after posting a 1.3% gain last week, while silver als…
Oil prices dropped sharply on Monday after U.S. President Donald Trump said Russia and Ukraine had agreed to an immediate energy ceasefire. Traders pared positions after a near 3% rise last week, and Brent futures fell 1.8% to $102.84 a barrel by 23:14 ET (03:14 GMT). The ceasefire announcement has not been confirmed by Kyiv or Moscow, and lingerin…
Organisers of two high-profile Saudi conferences said both events will take place as scheduled this month despite missile strikes on Riyadh airport that killed four people and damaged an airliner. Officials and organisers emphasised security measures and alternative travel routes while some foreign officials and carriers adjusted travel plans.
Palestinian President Mahmoud Abbas has postponed legislative elections that were due next month until September 11, 2027, and has set the presidential ballot for the same date. The decree cited obstacles tied to Israeli actions and deteriorating security and humanitarian conditions, especially in Gaza, and followed consultations with Palestinian p…
A lengthy phone call between President Vladimir Putin and US President Donald Trump was described by a Kremlin aide as "very substantive and friendly," with both leaders reluctant to end the conversation. Russia agreed to supply diesel to U.S. and global markets to help lower fuel prices, a move that preceded an unexpected temporary easing of U.S. …
President Donald Trump said Russia has agreed to immediately send more than 300,000 metric tons of diesel to U.S. and global markets and that additional shipments will follow, while the Treasury issued a temporary license allowing imports until April 7. Diesel prices fell after the announcement but analysts questioned whether the volumes pledged wi…
Saudi Aramco has informed European refiners it will supply the full volumes of crude they requested for November after the main East-West pipeline returned to service following attacks. At least three European refiners confirmed they will receive full allocations next month, and the restoration of flows should ease pressure on a tight European mark…
The U.S. Interior Department has proposed holding an offshore oil and gas lease sale in Cook Inlet, Alaska, on March 3, 2027. The offering, named Big Beautiful Cook Inlet 2, would make roughly 1.05 million acres and 224 offshore blocks available for leasing. The agency says the sale is required by a 2025 tax bill that mandates annual Cook Inlet lea…
Crude Oil WTI is trading flat on the 5-hour chart at $91.12, lingering just above short-term support while contained within a narrow range and the Ichimoku cloud. Technical signals are mixed: a Doji candle and subdued ADX (11.48) point to indecision and a lack of trend conviction, while short-term tools such as a bullish MACD cross and position rel…
European and U.S. wheat benchmarks declined after the U.S. Department of Agriculture raised its estimates for corn and soybean production, a move that depressed corn prices and dragged wheat lower. While a weaker euro and concerns over Black Sea export flows provided some support to European grain competitiveness, higher input costs for farmers, no…
Colombia's coffee harvest for the 2025/26 crop year dropped 15% to 12.65 million 60-kilogram bags from 14.87 million the prior year, the National Coffee Federation reported. The federation attributed the fall to adverse weather and reduced yields. While September saw month-on-month gains in both production and exports, year-to-date figures through …
Bond markets bore the brunt of a week marked by renewed geopolitical frictions, volatile crude prices, and fresh waves of large-scale corporate borrowing tied to artificial intelligence spending. European sovereign spreads widened sharply as investors fled perceived weaker debt, while energy-related shocks and U.S. Treasury yield moves challenged a…
Revisions to the Department of Agriculture’s Rural Energy for America Program (REAP) will prevent farmers and small rural businesses from applying for grants until after they finish projects and demonstrate a year of energy savings. The change, effective October 16, follows a pause in applications while the administration rewrote program rules and …
Thursday’s Houthi missile strikes on Riyadh airport killed three people and wounded others, Saudi authorities said, while regional airstrikes and a widening ground offensive in Yemen have heightened risks to aviation, maritime transit and global oil markets. Flights were disrupted as airlines suspended services to the Saudi capital ahead of a major…
UBS warns that gold could be pushed back toward $4,000 an ounce in the near term as higher U.S. real yields and a stronger dollar increase the opportunity cost of holding the metal. The bank expects that structural dip buyers will establish a floor around that level, while forecasting a gradual rise in prices through 2027 supported by central bank …
A surge in tanker freight rates to record levels has made shipping US crude to Asia uneconomical, prompting refiners to pivot toward Middle Eastern and Latin American grades. Traders and shipbrokers tracking the market say the cost to charter very large crude carriers (VLCCs) has vaulted to tens of millions of dollars per voyage, closing the arbitr…
Oil futures advanced following renewed fighting involving Iran-backed Houthi forces and Saudi-backed Yemen government operations, alongside the threat of a tropical disturbance in the Gulf of Mexico that could disrupt U.S. offshore production. Brent rose above $101 a barrel and U.S. West Texas Intermediate passed $90, while data showed a modest dra…
Oil futures turned positive on Tuesday after earlier declines, as a partial recovery in Middle East crude exports and a coordinated emergency release of reserves from Group of Seven nations vied with renewed attacks on ships in the Strait of Hormuz and rising supply risks tied to fighting in Yemen. Traders also reacted to a U.S. executive order aim…
