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.
1,883 total articles
Iran's crude oil and condensate exports plunged to their lowest level in at least six years in May, falling below 300,000 barrels per day and averaging about 209,000 bpd, according to shipping data compiled by Vortexa. The decline follows a U.S. naval blockade instituted on April 13 and has contributed to a tightening of global oil supply, with kno…
Kirill Dmitriev, President Vladimir Putin’s special envoy, said Russia and the United States remain in regular contact on economic and energy matters even as the formal Russia-Ukraine peace process is on hold. Dmitriev reported recent talks with U.S. interlocutors, reiterated the possibility of trilateral diplomacy when conditions allow, and stress…
Feeder cattle futures rose sharply after the U.S. Department of Agriculture confirmed a New World screwworm infection in a Texas calf, the first Texas detection since 1966. The announcement has put ranchers, processors and traders on guard for additional cases as authorities freeze animal movement near the site and assess the potential economic fal…
The administration plans to invoke the Defense Production Act to allocate nearly $700 million to support U.S. coal production and its transport to international markets and domestic power plants. The package includes upgrades at more than a dozen coal-fired power stations, financing for two new coal plants and backing for a long-proposed West Coast…
European natural gas prices fell on Thursday as crude oil slipped and traders digested recent developments in the Middle East, including a renewed, fragile ceasefire between Israel and Lebanon. Benchmark Dutch and British gas contracts each eased about 1%, while Brent and U.S. crude futures declined more sharply. Additional factors influencing the …
Morgan Stanley expects U.S. natural gas prices to continue recovering through the third quarter, supported by rising LNG export flows and increased power demand, but warns of potential oversupply pressures in 2027 as associated gas from the Permian and new pipeline capacity come online. The bank adjusted its 2026 price outlook modestly lower while …
Brent crude recovered from recent troughs near $91 a barrel after hopes for a quick U.S.-Iran agreement faded. Citi analysts are keeping a bullish short-term outlook, arguing that key regional inventories are already depleted and that supply disruptions around the Strait of Hormuz will leave a prolonged imprint on physical markets.
U.S. and global markets showed signs of cooling after a streak of gains as Broadcom’s earnings fell short of lofty expectations and commodity and macro indicators stirred fresh caution. Strong activity readings and persistent energy price pressures have kept hawkish rate bets alive, while geopolitical tensions and private markets stress add to near…
A Venezuelan ministerial delegation led by interim President Delcy Rodriguez met Indian leaders in New Delhi on June 4 to advance cooperation across upstream and downstream energy projects. Indian officials say Venezuela views India as a preferred partner as global oil flows are disrupted by conflict in the Middle East, and Caracas intends to showc…
Backers of a move to allow E15 gasoline sales nationwide are pursuing a strategy of attaching the provision to larger, must-pass bills and carving out concessions for refiners to build a fragile coalition in the divided Senate. Success depends on assembling a 60-vote bipartisan majority, negotiating small refinery exemption language and managing De…
Britain’s trade minister said recent meetings with Indian counterparts progressed well and that the free trade agreement would not be reopened, but implementation may be delayed following concerns from India about planned UK steel measures. He also said the United States has acknowledged the UK’s efforts on forced labour issues and that no new U.S.…
Roberto Sanchez, the left-wing candidate from Together for Peru, has shifted toward a more pragmatic economic stance in the run-up to Peru’s June 7 presidential runoff against Keiko Fujimori. After earlier proposals to reshape the mining sector and replace the 1990s constitution unsettled markets, Sanchez has moved to reassure centrist voters and i…
A New World screwworm found in a Texas calf marks the first confirmed U.S. case in the current outbreak after the parasite moved north from Central America through Mexico. With U.S. cattle inventories at multi-decade lows and imports from Mexico halted for a year, the discovery increases the risk of further supply tightening and upward pressure on …
Gold prices ticked up in Asian trading after reports of a ceasefire arrangement between Israel and Lebanon reduced near-term geopolitical risk premiums. Investors remained watchful, however, as the deal hinges on Hezbollah halting attacks and fresh regional hostilities were reported. Market focus is shifting to forthcoming U.S. labor market data fo…
A White House official said the administration plans to invoke the Defense Production Act to channel almost $700 million into U.S. coal infrastructure, including upgrades at existing plants, matching corporate investments for new facilities and support for a Northern California export terminal. The official, speaking anonymously, cautioned that pla…
Oil futures eased as a newly announced Israel-Lebanon ceasefire lifted prospects of broader de-escalation linked to Iran, while U.S. lawmakers moved to constrain presidential war powers and U.S. crude inventories registered a bigger-than-expected weekly decline, leaving markets weighing both supply indicators and geopolitical developments.
Oil prices retreated in Asian trade following a three-session advance, as traders booked profits and continued to assess heightened geopolitical risk in the Middle East alongside a larger-than-expected fall in U.S. crude inventories. Brent and WTI slipped modestly after previous gains, with market attention fixed on recent hostilities involving the…
Singapore has procured liquefied natural gas shipments from Australia, the United States and Africa to fully replace volumes previously supplied by Qatar through the end of 2026, the chief executive of the Energy Market Authority said. The replacement cargoes meet 100% of the city-state's gas needs for power generation, and can be resold if Qatari …
Samples taken from two calves on a La Pryor, Texas ranch that are suspected of harboring the flesh-eating New World screwworm have been forwarded to a federal laboratory in Iowa for testing. The samples were collected after photos and videos circulated among livestock producers. State and federal authorities have given differing public statements a…
Data published by Euronext on Wednesday shows investment funds and other non-commercial traders cut their net long exposure in Euronext milling wheat futures and options in the week ending May 29. Commercial participants also reduced their net short position. Euronext rapeseed contracts saw a small decline in non-commercial net longs.
The U.S. Strategic Petroleum Reserve (SPR) declined to 357.1 million barrels in the week ended May 29, marking the lowest inventory level since January 2024, according to the U.S. Energy Information Administration's weekly Petroleum Status Report released on Wednesday. Energy companies have withdrawn crude from the reserve for a tenth consecutive w…
U.S. crude oil inventories declined by 8 million barrels to 433.7 million barrels in the week ended May 29, according to the Energy Information Administration. The draw exceeded market expectations. Meanwhile, gasoline and distillate stocks rose, refinery crude runs fell modestly, refinery utilization inched higher, and net crude imports fell.
European natural gas benchmarks climbed after fresh hostilities in the Middle East undermined hopes for a rapid U.S.-Iran agreement that could reopen the Strait of Hormuz. The Dutch TTF front-month contract and UK futures both rose roughly 2.5%, while continued disruptions to global LNG supply and lower EU storage levels added upward pressure on re…
Hundreds of vessels and roughly 20,000 seafarers remain unable to transit the Gulf as the Strait of Hormuz stays largely closed amid a three-month-old conflict. Ship managers and registries say a ceasefire alone will not be enough to prompt a return to pre-war traffic levels without clear safety assurances and multinational guarantees.
The head of fuel at the International Air Transport Association said many carriers are feeling severe pressure from volatile jet fuel markets and that not all airlines have hedging programs in place to protect against price swings. While sophisticated hedging can provide relief for some operators, record refinery margins and disruptions to supplies…
