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
Investor anxiety about the economic effects of artificial intelligence took center stage this week, prompted by a detailed doomsday post and amplified by volatile headlines across tech earnings, energy markets and geopolitics. While some signals - including a fresh round of Anthropic plug-ins and another strong quarterly report from Nvidia - pointe…
On Feb 27, regional authorities reported that around 50,000 people in the Russian border city of Belgorod were left without electricity after Ukrainian missiles struck overnight. Officials said about half of those affected were expected to be reconnected by the end of the day. Local leaders described serious damage to energy systems and disruptions…
Investment research firm Bernstein has increased its long-term projections for gold, pointing to persistent institutional appetite from central banks and exchange-traded funds, together with an anticipated shift in U.S. monetary policy, as key drivers. The firm now models gold at $4,800 per ounce in 2026 and $6,100 by 2030 and has adjusted its view…
UBS has increased its copper price forecasts by $500 per metric ton across all time frames and now sees copper reaching $15,000 per metric ton by the end of March 2027. The bank remains constructive on the metal, citing a widened 2026 supply deficit and recommending investors hold long positions. Near-term momentum has slowed, with seasonal factors…
Gold steadied in Asian trading and was set for a strong February after investors sought safety amid rising geopolitical tensions and uncertainty about global growth. Bullion has recovered much of late-January losses as traders reacted to U.S. trade policy disruptions and heightened concerns over the outlook for the world’s biggest economies. Other …
Oil futures weakened in Asian trade after the United States and Iran agreed to extend discussions over Tehran’s nuclear programme and set technical-level talks next week. Market attention also turned to a planned ramp-up in Venezuelan crude sales under a recent U.S.-Venezuela supply agreement, a development that could add to global supply and weigh…
Oil prices declined on Friday, with Brent and WTI both down after the United States and Iran extended indirect talks over Iran's nuclear programme. The prospect of reduced immediate risk of conflict following mediator comments that progress had been made weighed on prices, reversing an earlier intraday gain tied to media reports of stalled discussi…
U.S. Energy Secretary Chris Wright said sales under the flagship U.S.-Venezuela oil supply agreement are expected to total about $2 billion by the end of February. Since U.S. forces took control of Venezuela's oil exports in early January, proceeds have been routed to a U.S.-supervised fund in Qatar while trading houses and PDVSA partners move volu…
Venezuela's oil ministry has placed 19 production-sharing contracts signed under President Nicolas Maduro on suspension, four sources with knowledge of the matter said. The pause has not reduced oil or gas production so far, as state oil company PDVSA continues to market the crude produced under those agreements. Both Venezuelan and U.S. authoritie…
Canada is pressing the United States to scale back or eliminate tariffs affecting steel, aluminium and automobiles, and Ottawa says such concessions could be implemented through bilateral sector-specific agreements negotiated alongside a review of the United States-Mexico-Canada Agreement (USMCA). Dominic LeBlanc, the minister responsible for Canad…
The European Union has demanded the United States uphold the terms of the Turnberry agreement after the U.S. Supreme Court struck down the legal basis for the broad 15% tariff that had been applied to most EU exports. The Trump administration has replaced that levy with a new across-the-board import surcharge collected at 10% and working to raise i…
Ivory Coast and Ghana, which together produce about half of the world's cocoa, face a sales and payment crisis driven by large global harvests, sharply lower futures prices and weaker demand from chocolate makers. Their regulated systems - which set fixed farmer prices based on advance sales - have left farmers unpaid and stocks building up as inte…
Officials within the current administration have settled on a proposal to require large oil refineries to absorb at least half of the biofuel blending volumes that were waived under the Small Refinery Exemption program. The move, disclosed by sources familiar with internal discussions, increases demand for blending credits and deepens a policy disp…
Deutsche Bank analysts view the U.S. Supreme Court's decision to overturn the administration's broad "reciprocal" tariffs as marginally supportive for gold. Market moves were small: gold briefly slipped just under $5,000 an ounce after the ruling before recovering, with spot and futures prices largely steady in subsequent trading. The bank cautions…
Nvidia again topped analysts’ quarterly revenue estimates and provided a stronger-than-expected outlook for the next quarter, but the stock’s after-hours uptick quickly faded and broader market excitement was muted. Asian markets, led by South Korea’s Kospi, surged on the wider chip and hardware rally, while other parts of the tech sector showed mi…
Deutsche Bank reiterated a bullish stance on silver, citing renewed outperformance among white metals versus gold, heightened investor positioning metrics, and renewed Shanghai backwardation as signals that could push silver above the bank's year-end forecast of $100 per ounce. The bank also highlighted evolving dynamics in the wider precious metal…
Iran's ballistic missile force remains central to tensions in the region and a key topic in ongoing nuclear negotiations with the United States in Geneva. The arsenal includes a variety of short- to long-range systems, underground storage and launch infrastructure, and has been used in recent conflicts. Western governments view the missile force as…
Suppliers to U.S. aerospace and semiconductor manufacturers are encountering worsening shortages of rare earth elements, notably yttrium and scandium, industry sources said. The strains have led some vendors to pause production or refuse certain customers to preserve limited inventories. The shortages persist even after China relaxed many export re…
Oil prices were largely unchanged in Asian trade as market attention focused on a scheduled third round of U.S.-Iran nuclear talks in Geneva, even as U.S. Energy Information Administration data showed an unexpected 16 million-barrel rise in commercial crude stocks for the week ended Feb. 20. Brent and WTI recorded small gains, while analysts warned…
Oil prices climbed on Thursday, staying close to seven-month highs as market participants weighed the potential for U.S.-Iran negotiations to prevent a military escalation that could disrupt supply. Gains were limited after U.S. crude inventories posted an unexpected 16 million-barrel increase, while Saudi production adjustments and possible OPEC+ …
Ukrainian President Volodymyr Zelenskiy said repairs to the Druzhba oil pipeline cannot be completed quickly, citing repeated Russian strikes that damaged the section linking Odesa to the main Druzhba line. Shipments to Hungary and Slovakia have been suspended since January 27 after Kyiv reported a strike on pipeline equipment. Budapest has accused…
Iranian President Masoud Pezeshkian said the country expects a positive outcome from a third round of talks with the United States as Tehran’s negotiating team left for Geneva. The delegation, led by Foreign Minister Abbas Araqchi, is due to meet U.S. envoys including Steve Witkoff and Jared Kushner, as tensions persist with a U.S. military buildup…
OPEC+ is expected to consider a 137,000 barrels-per-day increase in oil output for April, ending a three-month pause in production rises, according to three sources. The move would position Saudi Arabia and other Gulf producers to regain market share as some OPEC+ members face sanctions or operational setbacks. Separately, two sources say Saudi Ara…
Equity markets displayed renewed appetite for software names after a wave of plug-ins from AI lab Anthropic shifted investor attention toward partnerships rather than displacement. The move highlighted a patchwork market response: some software firms gained, while others with direct exposure to Anthropic's tools, notably an HR software provider, sa…
Traders say Indonesia may find it difficult to fulfill its recent pledges to substantially raise imports of U.S. agricultural goods under a trade deal that reduced tariffs. Key sticking points include the sharp jump in soymeal purchases, the reassignment of feed imports to state-owned Berdikari, and whether domestic demand and miller capacity align…
