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
The U.S. Department of Energy has issued an emergency order for PJM Interconnection, the country's largest grid operator, citing surging electricity demand and potential supply shortfalls as an intense heat wave approaches. PJM requested federal assistance after forecasting unusually high peak loads for July 1 and July 2, 2026, and identifying cons…
South Bow and Bridger Pipeline said they will jointly develop a new crude pipeline running from Guernsey, Wyoming to Cushing, Oklahoma. The project will make use of a corridor acquired from another company, and the partners said their immediate priority is to engage landowners and communities along the proposed route while they continue to work thr…
U.S. corn futures rose after the USDA's annual acreage report showed farmers planted fewer corn acres this year than last and that grain stocks on June 1 were tighter than analysts had expected. Wheat and soybean futures also moved higher on the report, which showed soybean plantings matched estimates while all wheat plantings came in below forecas…
Northwest European gasoline refining margins rose by $0.75 to $35.43 per barrel on Tuesday, levels not seen since mid-2022. The move coincided with several large barge transactions of Eurobob gasoline grades and a series of policy signals and market developments across major consuming and producing countries.
Wheat futures on Paris-based Euronext fell to their lowest level in two weeks while maize contracts rose to new highs, with traders attributing the divergence to assessments that maize suffered more damage than wheat during an extreme late-June heat event. Grain markets awaited U.S. Department of Agriculture reports on planting and stocks later in …
US crude oil production reached a record 13.93 million barrels per day in April, driven by a 216,000 bpd monthly increase as producers responded to higher prices linked to the Iran war. New Mexico set a state high, Texas moved to near-winter peak levels, and North Dakota matched its recent highs. Futures traded around $70 per barrel after April pea…
The Indian government has lowered export duties on diesel and aviation turbine fuel and increased the duty on petrol exports, citing a need to protect domestic supply. The changes coincide with downward revisions to near-term Brent crude forecasts and a retreat in oil prices after eased geopolitical tensions and normalized shipping through the Stra…
U.S. Treasury Secretary Scott Bessent publicly urged gasoline retailers to reduce prices as the nation marks its 250th anniversary, reiterating President Donald Trump's demand and warning that regulators are monitoring station behavior. The call comes after global oil price fluctuations this year tied to strikes and retaliatory attacks, with recent…
U.S. Treasury Secretary Scott Bessent urged gasoline retailers across ownership types to reduce pump prices and said the administration is watching pricing practices. His remarks follow a public warning from President Donald Trump demanding immediate price cuts and signaling potential consequences, and come as the nation prepares to mark its 250th …
A monthly poll of 31 economists and analysts shows downward revisions to 2026 oil price forecasts after five consecutive increases, driven by the reopening of the Strait of Hormuz and signs of softer demand. Brent and U.S. crude outlooks were cut notably from last month, while forecasters expect a gradual return to market surplus if Gulf flows norm…
At the halfway mark of 2026, semiconductor stocks have emerged as the market's standout performers, with major chip names rising sharply on robust AI-related capital spending. That rally has coincided with persistent macroeconomic and geopolitical risks - from a four-month Iran conflict to tensions involving Venezuela, Greenland and NATO - and with…
Gold has plunged roughly 24% from its late-January record and is heading for its worst quarter since April 2013 as a firmer U.S. dollar and higher rate-hike pricing weigh on the non-yielding metal. Options flows, institutional survey data and upcoming U.S. payrolls prints are all shaping market sentiment and near-term direction.
OCBC has reduced its end-2026 price forecasts for gold and silver, attributing the revisions to a repricing of real interest rates, renewed U.S. dollar strength and a more hawkish stance priced into Federal Reserve expectations. The bank framed the cuts as responses to a more challenging near-term environment while maintaining that longer-term stru…
Front-month Dutch TTF and Britain’s wholesale gas contracts rose on the day but are set for their first quarterly declines in more than a year as easing tensions in the Strait of Hormuz and lower global crude prices remove key drivers of the recent rally. Persistently low European storage levels, however, may cap further downside.
Gold slid to its weakest levels since early November, with spot prices and futures down as investors priced in higher U.S. interest rates and persistent inflation risks tied to energy and artificial intelligence-driven supply strains. Other precious metals also recorded deep monthly losses as markets reacted to a firmer dollar and expectations for …
Oil prices fell on June 30 as investors focused on the prospect of U.S.-Iran discussions in Doha following weekend missile exchanges that tested an interim ceasefire. Brent and U.S. West Texas Intermediate declined, while market participants weighed conflicting statements from Iranian officials, a comment from the U.S. president, and data suggestin…
Crude prices slipped in early Asian trading as investors balanced the potential for U.S.-Iran discussions with ongoing uncertainties over the Strait of Hormuz after recent military exchanges. U.S. WTI fell 0.5% to $70.37 a barrel at 20:51 ET (00:51 GMT), while questions remain about Iran's commitment to further talks and its plans to co-manage traf…
The White House has announced a temporary suspension of certain U.S. duties on phosphate fertilizer imported from Morocco, a measure aimed at addressing domestic shortages linked to disruptions in supplies from Middle Eastern producers. The proclamation says U.S. fertilizer production is currently insufficient after exports and that efforts to expa…
WASHINGTON, June 29 - President Donald Trump on Monday urged gasoline retailers to cut pump prices immediately, posting direct orders on Truth Social and warning of potential consequences if they do not comply. He reiterated instructions for the Justice Department to investigate oil companies for failing to reduce retail prices in step with lower c…
Mexican President Claudia Sheinbaum said she would not protect anyone after a video surfaced online that appears to show Víctor Rodríguez, then head of state oil company Pemex, violently abusing his wife. The footage, posted to YouTube by a woman identifying herself as María Felicia Jiménez, is time-stamped March 15, 2026. Authorities in Morelos ha…
U.S. Strategic Petroleum Reserve (SPR) holdings fell by 5.5 million barrels to 325.7 million barrels, the smallest SPR balance since May 1983. The reduction forms part of a planned release of 172 million barrels intended to offset a shortfall in global supplies after the Iran war and to ease fuel prices. Overall U.S. inventories, combining commerci…
A helicopter owned by Saudi Aramco crashed on Sunday at the Ras Tanura oil terminal on Saudi Arabia's eastern Gulf coast, killing 14 nationals. The cause of the accident is unknown and authorities have launched a full investigation. The incident occurred shortly after Aramco resumed crude loadings at the terminal following a nearly four-month halt.
Euronext wheat prices edged lower on Monday as market participants balanced potential yield reductions from a record French heatwave with forecasts for a large harvest in the Black Sea export region. September wheat on Paris-based Euronext slipped 0.3% to €202.25 ($231.09) per metric ton at 1621 GMT, trading near a one-week low. Wheat’s earlier ral…
A security framework linking Israel’s pullback from southern Lebanon to the verified disarmament of Hezbollah has prompted analysts and Lebanese figures to warn it may institutionalize a prolonged Israeli presence rather than end hostilities. Critics say the pact places onerous obligations on the Lebanese state without mechanisms to enforce them, r…
Iraq is pressing OPEC for a materially larger production quota as war-related export losses and a recent wave of multi-billion-dollar investments by major oil companies strain state revenues and heighten the urgency to boost crude sales. The proposal risks friction inside the producer group, already weakened by conflict fallout and the departure of…
