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.
1,887 total articles
Chicago Board of Trade soybean futures hit their highest level in seven weeks on Monday, supported by a roughly 4% jump in crude oil, continued demand from crushing plants, and tight U.S. planting progress. Traders also awaited an upcoming USDA crop report while Brazil’s StoneX raised its 2025/26 soybean output forecast to 181.6 million tonnes.
Goldman Sachs says global oil stocks are close to their lowest level in eight years, estimating inventories at 101 days of demand and warning that continued depletion - amid restricted flows through the Strait of Hormuz and recent regional attacks - is a growing concern for supplies and refined product buffers.
Goldman Sachs warns that global oil stocks are approaching their lowest level in eight years, with inventories drawn down rapidly amid continued restrictions on supplies through the Strait of Hormuz. The investment bank estimates total stocks at roughly 101 days of demand, potentially slipping to 98 days by the end of May, and highlights dwindling …
The U.S. Justice Department filed a complaint on Monday accusing Minnesota of attempting to regulate global greenhouse gas emissions by pursuing lawsuits against energy companies in state court. The action follows a series of federal moves in the state, including searches tied to a welfare fraud probe and earlier large-scale immigration enforcement…
Petronet LNG expects to receive its full contracted liquefied natural gas shipments from Qatar once the geopolitical environment in the Middle East stabilises. The company’s CEO said supplies have been interrupted after the March closure of the Strait of Hormuz and attacks that damaged two of Qatar’s LNG production trains, prompting a force majeure…
Vessel movements through the Strait of Hormuz showed little change a day after U.S. officials said operations would begin to restore freedom of navigation. MarineTraffic reported only a sanctioned LPG tanker, a handful of cargo ships and a cable-laying vessel entered the Gulf of Oman, while shipping groups and maritime bodies say guidance and secur…
Oil prices rallied roughly 5% after Iran said it had turned back a U.S. warship attempting to enter the Strait of Hormuz, while U.S. authorities denied Iranian claims a vessel was struck. The U.S. plans to assist ships trapped in the strait, and Central Command disclosed a sizable operation. Meanwhile, the yen strengthened abruptly amid speculation…
The United Arab Emirates is in talks with the United States to secure a currency swap line, UAE Trade Minister Thani Al Zeyoudi said at an Abu Dhabi conference. The swap arrangement would place the UAE among a limited group of nations with direct standing currency arrangements with the U.S., intended to facilitate transactions and reduce exchange-r…
European benchmark natural gas prices climbed as markets reacted to a U.S. push to reopen the Strait of Hormuz and ongoing uncertainty in talks between Washington and Tehran. The Dutch front-month TTF contract rose 3.6% to 47.47 euros per megawatt hour, with analysts questioning the effectiveness of the U.S. plan and Iran issuing stern warnings abo…
Global financial markets have rallied on hopes tied to artificial intelligence and resilient growth, but the physical oil market is signaling a much tighter supply outlook. Physical barrels are trading far above futures, reflecting acute disruption around the Strait of Hormuz. Analysts and traders warn the window to prepare for a prolonged oil shoc…
Summary: The abrupt departure of the United Arab Emirates from OPEC this week compounds an already severe shock to global oil supplies caused by the Iran war, leaving Saudi Energy Minister Prince Abdulaziz bin Salman with a new political problem at a moment when spare capacity in the Gulf is constrained. The UAE, which accounted for 12% of OPEC pro…
Gold traded largely unchanged in Asian markets amid persistent uncertainty over the Iran conflict and the direction of interest rates. Prices are coping with two consecutive months of declines, while other precious metals posted modest gains. Comments from a Fed policymaker and moves by major central banks have reinforced concerns that higher rates…
Oil prices slipped in Asian trade following U.S. President Donald Trump’s announcement that the United States will lead an effort to guide ships stranded in the Strait of Hormuz. The move came alongside an OPEC+ decision to raise production quotas, though crude losses were capped as prospects for a U.S.-Iran peace deal remained remote.
The conflict around the Strait of Hormuz has severely disrupted aluminium supply chains but has not collapsed the market. Exports from the Middle East - roughly 7% of global supply - are effectively blocked, while strikes have taken out about 3% of production capacity. Prices have climbed to their second-highest levels, with analysts forecasting el…
Approvals for roughly 165 U.S. onshore wind projects on private land are being held up while the Pentagon reviews how it assesses national security implications of energy developments, according to industry sources. Developers say the pause has produced missed meetings, halted application processing and uncertainty that has persisted since August 2…
The Asian Development Bank said it is prepared to deliver urgent assistance to Pacific island nations facing fuel shortages and energy stress due to the war in the Middle East. Speaking at the ADB's 59th annual meeting in Samarkand, ADB President Masato Kanda emphasized immediate support for energy needs and longer-term resilience via diversified e…
The Asian Development Bank announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region through 2035. The package allocates $50 billion to a Pan-Asia Power Grid Initiative and $20 billion to an Asia-Pacific Digital Highway, with the bank financing a substantial share of each effort and seeking co-fina…
Private businesses and youth-driven cultural trends in Turkmenistan are showing gradual change: local e-commerce, growing social media use via VPNs, and popular urban activities such as breakdancing suggest a measured opening in everyday life. Political authority and economic controls remain firmly in place, and foreign access continues to be tight…
Ukrainian drones struck the Baltic oil export hub of Primorsk on Sunday, causing a temporary fire that was extinguished with no oil spill, regional authorities said. Officials reported more than 60 drones were shot down over the Leningrad region overnight, while Kyiv also struck two tankers near Novorossiysk. Additional drone incidents were reporte…
OPEC+ members are preparing to approve a modest rise in oil production targets for June after seven countries signalled agreement to add about 188,000 barrels per day. The increase would mark the third monthly boost in a row, but market participants caution the adjustment will have limited practical effect while the U.S.-Iran war and the closure of…
China's Ministry of Commerce has issued an injunction preventing U.S. sanctions from being recognized, implemented or complied with in the case of five Chinese refiners accused of buying Iranian oil. The move follows recent U.S. Treasury action targeting Hengli and earlier measures applied during the previous U.S. administration to several smaller …
Seven OPEC+ members have reached an agreement in principle to lift collective oil output targets by roughly 188,000 barrels per day in June. The move comes as the United Arab Emirates has departed the grouping and as significant export disruptions tied to the conflict over Iran and related closures of the Strait of Hormuz continue to limit physical…
The United Arab Emirates has formally declared it will withdraw from OPEC effective 1 May 2026, citing the need for greater strategic flexibility in its long-term energy planning. UBS analysts say the move is unlikely to push oil prices sharply higher in the near term because of physical export constraints, but it raises meaningful downside risk to…
In Ashgabat, private entrepreneurs and a growing online culture illustrate a gradual loosening of day-to-day social constraints in Turkmenistan, even as political authority and economic controls persist. Local e-commerce operators delivering mostly Turkish-made apparel, the rising popularity of social media accessed via VPNs, and increasing interes…
President Donald Trump characterized recent U.S. naval actions against vessels tied to Iran as 'like pirates' while describing the seizure of a ship and its cargo. The remarks came amid a broader conflict between the U.S. and Israel and Iran that has led to port blockades, attacks across the region, elevated oil prices and widespread condemnation o…
