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.
333 total articles
The dollar steadied on Wednesday following a steep decline to a four-year low overnight, a move that President Donald Trump publicly welcomed as the currency being "great" and that it should "just seek its own level." Markets are weighing whether the administration prefers a weaker dollar while Treasury Secretary Scott Bessent has remained tight-li…
SBG Securities warns that gold prices could reach as high as $10,000 an ounce this year under a materially more dovish U.S. monetary policy path, driven by a weaker dollar and continued geopolitical stress. The broker's analyst Adrian Hammond says bullion's advance is now led by macro dynamics rather than the traditional mining earnings leverage th…
Market research firm Yardeni Research highlights key differences between gold and Bitcoin as stores of value, noting valuation challenges for both, Bitcoin’s sharp price cycles, and a bullish projection for gold that could see it reach $10,000 by decade-end if current trends persist. Currency moves and differing supply dynamics are central to the f…
The European Union and Vietnam are set to adopt an eight-page joint statement advancing cooperation on critical minerals, semiconductor supply chains, and secure telecommunications, while upgrading diplomatic relations to Vietnam's highest level. The draft calls for promoting sustainable mining and processing, exploring limited defence technology t…
China is likely to increase purchases of Brazilian soybeans in the first half of 2026 as a strong harvest and lower Brazilian prices make shipments more attractive to private processors. State-owned buyers have resumed U.S. purchases following a diplomatic thaw, but higher tariffs and cost gaps mean private Chinese crushers are favouring Brazilian …
Oil prices ticked up in Asian trading after extreme cold across the United States disrupted production and exports, tightening near-term supplies. A weakening dollar supported commodity demand, while geopolitical remarks about U.S. deployments to the Middle East and an impending Federal Reserve policy statement kept markets alert.
Oil futures moved in opposite directions early Wednesday as traders weighed lingering supply concerns following a U.S. winter storm that temporarily knocked out significant domestic output and stopped Gulf Coast exports. Brent slipped marginally while U.S. West Texas Intermediate ticked higher after both contracts rallied the previous day amid repo…
Gold touched a fresh record above $5,200 an ounce before settling marginally lower, driven by strong demand for safe-haven assets and a weaker dollar. Persistent uncertainty over U.S. policy, comments from the U.S. president about Iran and the Federal Reserve, and recent geopolitical tensions supported gains across precious metals, with silver and …
Recent U.S. intelligence assessments express uncertainty about whether interim Venezuelan President Delcy Rodriguez will follow Washington’s directive to sever diplomatic and advisory ties with longstanding partners such as Iran, China and Russia. Rodriguez, installed after the U.S. captured former President Nicolas Maduro on January 3, has taken s…
Citadel, the Miami-based hedge fund led by Ken Griffin, is expanding its commodities footprint into industrial metals as prices from copper to tin reach record highs. Bloomberg reported that the firm has hired Ylan Adler as a portfolio manager with a cross-commodities remit that will place a significant emphasis on metals. The decision marks a shif…
Peru's acting president has come under fire for undisclosed meetings with a Chinese businessman, thrusting the country’s extensive commercial relationship with China into the political spotlight as U.S. pressure in the region rises. The controversy has triggered impeachment motions, a preliminary prosecutor probe and sliding public support for the …
Chevron is pressing Iraqi authorities for more favorable contractual returns as a precondition to acquiring the West Qurna 2 oilfield from Lukoil, following Iraq's nationalisation of the asset amid U.S. sanctions on the Russian company. Discussions between Chevron and Iraq's oil ministry are ongoing, with any revised deal requiring cabinet approval…
The captain of the Russian-flagged tanker Marinera - seized by U.S. forces after a weeks-long pursuit tied to efforts to curb Venezuelan oil exports - has been taken from waters under British jurisdiction and transferred to a U.S. coast guard ship, the lawyer for the captain's wife said. A Scottish court briefly sought to block the removal, but the…
U.S. officials are preparing to issue a general license that would lift selected sanctions on Venezuela's energy sector, according to three sources familiar with the planning. The move represents a change from an earlier approach that relied on individual exemptions for companies seeking to conduct business in the country. Officials have linked the…
U.S. demand for imported fuel oil is expected to decline as Gulf Coast refiners take on fresh supplies of heavy Venezuelan crude. The reintroduction of roughly 50 million barrels into trade after Washington assumed control of Venezuela's oil has prompted purchases by major refiners, boosting domestic production of residual fuel that can be upgraded…
President Claudia Sheinbaum said decisions about sending oil to Cuba are taken by Mexico as a sovereign matter and not under U.S. pressure, while appearing to acknowledge that a planned shipment was put on hold. She declined to specify whether deliveries would resume, saying any change would be reported.
Citi has lifted its near-term silver price objective to $150 an ounce, citing continued momentum driven mainly by capital flows and retail investment. The bank expects a further 30-40% increase over the next 0-3 months, while saying a rise to around $300 an ounce would be an extremely unlikely outcome. The rally has already sent silver to roughly $…
Kazakhstan’s largest oilfield, Tengiz, is restarting production following a January 18 outage caused by a generator fire, but two industry sources say recovery is likely to leave output below half of normal levels by February 7. Officials and the operator report partial restarts, while uncertainty over the pace of recovery and the continued force m…
Copper has entered a consolidation phase near $13,000 per metric ton after a strong run-up, with higher prices dampening Chinese demand and rising inventories applying short-term pressure. UBS strategists point to tariff-related risks and ongoing mine supply disruptions as key supports for elevated prices, while noting seasonal and speculative dyna…
India's imports of Russian crude oil have fallen to 1.3 million barrels per day from an average of 1.8 million bpd last year, Oil Minister Hardeep Puri said in a television interview, noting a clear declining trend as the country diversifies suppliers and allows companies to decide their purchasing strategies.
Global equity indices pushed higher as investors focused on a string of mega-cap earnings due this week, even after a renewed U.S. tariff threat against South Korea. Safe-haven assets such as gold and silver remained supported and the dollar came under pressure amid speculation of coordinated intervention to support the yen. Market attention now tu…
Deutsche Bank warns that persistently higher geopolitical volatility and a shift toward redundant supply chains are underpinning a structural premium across commodity markets. The bank's analyst highlights central bank buying, renewed ETF inflows and strategic stockpiling - including China's accumulation of gold and crude reserves - as forces suppo…
President Donald Trump will visit Iowa as mounting pressure in the farm economy and postponed biofuel decisions create strains for farmers and renewable-fuel producers. The stop is aimed at shoring up support in a state that is the nation's largest producer of corn, hogs and ethanol, even as farmers report cash-flow stress, lower crop prices and un…
Russian drone and missile strikes late on Jan. 26 knocked out power to much of Kharkiv during freezing conditions and wounded civilians in Odesa, while air defences intercepted many inbound drones, Ukrainian officials reported. Authorities described extensive damage to energy infrastructure and residential buildings, with repair operations hindered…
Hindustan Petroleum Corp Ltd (HPCL) is exploring Venezuelan crude for the first time as it prepares to boost heavy oil processing in the fiscal year beginning in April. Chairman Vikas Kaushal said the company is adding flexibility to its system with two new facilities and plans to begin processing at the Barmer refinery this month, which would elev…
