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.
2,723 total articles
Senior U.S. officials say Washington is insisting Iran issue a public declaration that it will stop attacking vessels in the Strait of Hormuz and that all shipping channels will remain open without tolls. Conversations between the two countries have been described as productive, but U.S. officials warn that failure to provide the statement will car…
Russia has temporarily stopped shipping through the Don-Azov channel after an attack on 13 vessels in the Sea of Azov, Reuters reported, citing two grain export industry sources. The channel, which links the Don River to the Sea of Azov and supports grain export traffic, was closed after 10 tankers and other vessels were struck. Authorities have no…
Euronext wheat futures rallied about 4% on Friday, pushed to a six-week peak by market talk that Russia could shut the Sea of Azov to shipping following strikes in the area. The move heightened concern over potential export interruptions from Russia, the world’s largest wheat supplier, while US Chicago futures similarly climbed to multi-week highs.
A Georgian opposition politician, Aleko Elisashvili, was sentenced to 13 years in prison after a court found him guilty of attempted terrorism for an incident in November 2025 in which he smashed a window at Tbilisi City Court, poured gasoline into the building and attempted to set it on fire. Elisashvili denies wrongdoing, saying his actions were …
Wheat futures climbed in early Friday trading at the Chicago Board of Trade, reaching a six-week high as market participants repositioned ahead of the U.S. Department of Agriculture's monthly crop report due at 12 p.m. EDT. Analysts polled expect the USDA to lower its 2026-27 U.S. wheat ending stocks estimate to 714 million bushels from 744 million…
Tanker movements in the Strait of Hormuz decelerated following a week of reciprocal actions between the United States and Iran, reviving concerns about the consistency of oil flows and the durability of an interim agreement meant to keep the waterway open. While crude prices eased modestly, markets were still positioned for weekly gains after the e…
Renewed exchanges of strikes between the United States and Iran this week re-centered attention on the Strait of Hormuz, briefly eclipsed by other headlines in recent weeks. Markets reacted with relative calm even as tanker traffic near the strait stalled and crude briefly climbed to multi-week highs. Traders and policymakers now face a complex mix…
Open-source investigators and independent verification show Russian forces have been employing small First Person View drones flown on fibre-optic tethers to bypass Ukrainian electronic countermeasures and anti-drone protections, striking high-voltage substations in the frontline Sumy region. Analysts say the tactic targets autotransformers to take…
The International Energy Agency says world oil demand is set to decline by 1 million barrels per day this year versus last year - the first annual fall since 2020 - as disruptions tied to the war between Israel and Iran, including the closure of the Strait of Hormuz, have constrained exports. The IEA cautions that the outlook depends on a ceasefire…
European wholesale natural gas prices retreated on Friday after satellite and ship-broking data showed loaded LNG tankers successfully transiting the Strait of Hormuz, easing immediate supply-concern despite heightened military exchanges between U.S. forces and Iran. Domestic inventories in the Eurozone remain above seasonal averages for July, prov…
Australian authorities confirmed the first case of H5N1 bird flu in a native seabird after laboratory testing identified the virus in a greater crested tern found in Robe, South Australia. The case raises concerns about local transmission pathways, though officials say there is no evidence of mass mortalities or spread to poultry and the wider agri…
Gold prices were largely unchanged on Friday but remained on track for a weekly decline as renewed U.S.-Iran military action lifted oil and stoked fears of energy-driven inflation and higher interest rates. Other precious metals also moved lower for the week as the dollar steadied from last week’s losses.
Oil prices edged lower in early Friday trading but were poised to record weekly gains as U.S. and Iranian forces exchanged strikes. Market pressure from concerns about accelerating inflation and its potential to dampen fuel demand counterbalanced supply worries tied to renewed hostilities and delays in reopening a critical shipping lane.
The U.S. House of Representatives will vote next week on a bill to make daylight saving time permanent, a measure that previously cleared the House Energy and Commerce Committee by 48-1 and that the Senate unanimously approved in March 2022 but which the House did not take up at the time. The proposal would allow states to opt out and has drawn bot…
Turkish Energy Minister Alparslan Bayraktar said Turkey and Iraq have finalized a one-year pipeline agreement that they expect to sign in the coming days to ensure continued crude flows to Ceyhan. The current accord is due to expire on July 27. The pipeline, which was dormant for 2-1/2 years after an arbitration ruling, resumed operations late last…
Inventories of jet fuel and kerosene at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell 4.5% in the week ending Thursday, driven by reduced exports and a lack of incoming cargoes, while gasoline and naphtha also registered notable declines, industry data show. River navigation constraints and higher freight rates are affecting blendin…
HSBC reduced its average gold price forecasts for 2026 and 2027 following a pronounced sell-off earlier this year, but the bank expects underlying fiscal imbalances and heightened geopolitical tensions to restore demand and support a renewed rally in the metal over time. Central bank buying, modest mine output growth, and rising recycling will shap…
QatarEnergy has paused plans to swiftly raise production at the Ras Laffan liquefied natural gas complex after one of the country's tankers was attacked in the Strait of Hormuz. The company has moved the facility to minimal operations and reduced vessel callings while it assesses safety amid escalating regional incidents and U.S. military action.
Bernstein has increased its 2026 gold price projection to $4,533 an ounce and set a second-half 2026 target of $4,375 an ounce, citing persistent central bank buying and expectations that the Federal Reserve will likely avoid an aggressive tightening cycle over the next year. The firm highlights the inverse relationship between real interest rates …
Renewed military exchanges between the U.S. and Iran pushed investors to weigh geopolitical risk against pockets of optimism in technology stocks. Oil pared gains and traded under $80 a barrel after an abrupt multi-week rally, global bond yields climbed, and chip-related strength in the U.S. helped lift Asian markets momentarily. Federal Reserve mi…
Iranian forces struck U.S. military infrastructure in neighboring Gulf states after U.S. strikes on Iran's southern coastal and eastern provinces, further testing a three-week-old ceasefire. The country prepared to bury its slain Supreme Leader Ayatollah Ali Khamenei in Mashhad amid mass processions. Markets reacted with a brief spike in oil prices…
Bernstein has kept its aluminium price forecast for the second half of 2026 at $3,100 per ton. The research house cites an easing of the premium that emerged after the Strait of Hormuz crisis and faster-than-expected production recovery in the Middle East, while noting that physical market conditions remain tighter than before the conflict and that…
European wholesale natural gas prices eased on Thursday after a sharp rise driven by renewed geopolitical tensions in the Middle East. The Dutch benchmark fell modestly while the British contract steadied following a multi-week surge. Market participants, already fatigued by fragile supply dynamics, are reacting to the abrupt breakdown of an interi…
Goldman Sachs cautions that renewed clashes between the U.S. and Iran threaten the rebound in oil shipments through the Strait of Hormuz. A series of drone attacks on tankers, subsequent U.S. strikes and Iranian retaliation have unsettled the short-lived recovery in Persian Gulf flows, with strategists saying Iran’s willingness to allow safe passag…
Gold prices edged lower on Thursday as a firmer dollar and renewed U.S.-Iran hostilities heightened worries over persistent inflation and the prospect of extended high interest rates. Fed minutes showed policymakers divided on further rate hikes, while oil-linked inflation drivers and central bank caution continued to weigh on the yellow metal.
