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
Norilsk Nickel projects small global surpluses in palladium for 2026 and 2027 and anticipates growing nickel surplus through 2027. The company expects Russian palladium output to resume growth to about 2.7 million ounces next year, supported by the Chernogorskoye deposit, and cautions that nickel market outcomes hinge on developments in Indonesia.
Deutsche Bank has trimmed its outlook for gold, attributing the downgrade to continued Federal Reserve hawkishness, stronger-than-expected U.S. economic data and a noticeable lack of traditional investment demand. The bank's analyst sets a revised base-case price for the fourth quarter and outlines a downside risk if the Fed tightens further.
A short-term U.S. sanctions waiver permitting the sale of Iranian-origin crude, petroleum products and petrochemicals through August 21 has so far failed to spur significant purchases from well-stocked Asian refiners, according to trade sources and analysts. Instead, independent Chinese refiners are expected to account for most demand, though their…
Ship-tracking data show increased vessel movements through the Strait of Hormuz, including two previously stranded supertankers and seven empty Qatar-linked LNG carriers returning to the Gulf. The pickup in traffic coincided with a round of U.S.-Iran talks and a U.S. sanctions waiver, while sanctioned and Iranian-linked tankers continued to transit…
The United Nations has asked major artificial intelligence firms to disclose the environmental impacts of their data centres and to commit to renewable power by 2030. The appeal, and a new U.N. initiative on transparency, were announced during London Climate Action Week, alongside a separate push to reduce methane emissions in the fossil fuel secto…
The U.S. announced a 60-day pause on a wide range of sanctions against Iran and issued a temporary general license permitting crude oil and related trade through August 21. While the move can deliver billions to Tehran in the near term, dismantling a sanctions framework built over more than four decades involves legal constraints, congressional opp…
Gold prices fell sharply in Asian trade as a stronger U.S. dollar and increasing expectations of Federal Reserve rate hikes weighed on demand for the non-yielding metal. Diplomatic progress between Washington and Tehran provided some optimism in the previous session, but the dollar's resilience and Fed projections pushed bullion lower.
The U.S. Department of Justice's Civil Rights Division has opened an investigation into a small coffee shop chain in New York City after the business posted online that it would have refused service to Representative Dan Goldman had staff recognized him during a recent visit. The probe will assess whether federal public accommodation laws were viol…
New Zealand is accelerating approvals for gold projects and actively seeking mining investment as record bullion prices revive an industry that had been in decline. Government action aims to bolster a weak economy by increasing mineral exports and creating regional jobs. The expansion, however, is provoking concern from environmental groups, vintne…
Oil prices recovered slightly on June 23 after a sharp drop the previous session. Markets remain guarded as traders look for tangible evidence that a recent U.S.-Iran agreement will hold and that crude flows through the Strait of Hormuz will return to normal levels. Benchmark prices rose modestly, while two crude tankers transited the strait and U.…
Oil futures recovered modestly in Asian trade after a near 3% selloff, as a U.S. 60-day general license and reports of progress in U.S.-Iran negotiations raised prospects for increased Iranian crude and petrochemical exports. Traders remain attentive to whether the ceasefire framework and interim relief will hold and how quickly barrels could retur…
A federal judge in Washington, D.C. has enjoined the Trump administration's policy that permitted five states to bar Supplemental Nutrition Assistance Program recipients from purchasing sugary foods and beverages with their benefits. U.S. District Judge Amy Berman Jackson ruled the U.S. Department of Agriculture lacked statutory authority to approv…
U.S. President Donald Trump warned that he will take necessary action if Iran does not adhere to the terms of a recently signed interim agreement with Washington. Trump said the funds being released to Iran are intended to be used to purchase food from U.S. suppliers, and he reiterated that he will respond if Tehran does not live up to its commitme…
The Department of the Interior has put forward a set of regulatory changes that would reduce financial assurances and compress permitting timelines for oil and gas activity on federal lands, while easing certain methane-related compliance requirements. The package would lower statewide well bond levels to $25,000 per state from $500,000, shorten pu…
The U.S. Treasury has issued a temporary 60-day general license permitting the production, delivery and sale of Iranian-origin crude oil, petrochemical and petroleum products through August 21. The move, pledged under a memorandum of understanding reached last week, authorizes related services including banking, insurance and transportation while e…
Saudi Arabia's crude oil exports dropped to a record low in April, falling to about 3.990 million barrels per day from 4.974 million bpd in March, while production also fell to a record low of 6.316 million bpd, according to Joint Organizations Data Initiative (JODI) figures. The decline follows disruptions to Gulf shipments related to the Iran war…
Early diplomatic signals from Switzerland eased pressure on oil markets on Monday, pushing Brent crude back below $80 per barrel after weekend threats and Iranian claims over the Strait of Hormuz. At the same time, a sudden resignation in UK politics has set in motion a leadership contest that will deliver Britain its seventh prime minister in a de…
European natural gas futures climbed to their highest levels in a week as traders parsed mixed accounts of vessel movements in the Strait of Hormuz and awaited clarity from U.S.-Iran negotiations. The Dutch benchmark and the British contract both rose, extending gains from Friday, while market participants weighed whether last week's Washington-Teh…
Silver is trading around $66.64 on the 4-hour chart after a counter-trend rebound from $63.35. Although bulls have produced a higher low and a bullish engulfing candle, the dominant technical indicators - including the SuperTrend, major moving averages and the Ichimoku Cloud - remain bearish. Traders eye strong resistance at $67.50-$68.50 and a no-…
Gold is trading on the 4-hour chart around $4,216 and remains constrained between a short-lived relief bounce and an overarching downtrend. Buyers showed proof of demand near $4,058, but the metal is boxed beneath the cluster of overhead technical resistance at $4,270 to $4,345.5. Momentum measures are easing negative pressure but are not yet signa…
Abelardo De La Espriella’s victory in Colombia, by under 1%, and a razor-thin projected win for Keiko Fujimori in Peru, come amid a wider rightward realignment across Latin America. The outcomes reflect voter concerns over weak economies and rising crime, and carry consequences for energy, mining and fiscal policy as new governments promise tax cut…
Moscow authorities said early on Monday that air defences shot down nearly 60 drones aimed at the capital, prompting a temporary suspension of flights at major airports before operations were resumed. The incident follows a separate large-scale barrage last week that targeted the city’s only oil refinery and saw nearly 200 drones intercepted. In an…
Gold prices rose Monday after reports of progress in U.S.-Iran negotiations in Switzerland eased worries about a sustained disruption to energy supplies. Spot gold and U.S. futures both advanced, while lower crude prices helped temper inflation concerns. Still, market attention remains on the Federal Reserve's hawkish stance and a key U.S. inflatio…
Abelardo De La Espriella emerged victorious in Colombia’s presidential runoff, winning with 49.66% against Ivan Cepeda’s 48.7% according to the national registrar. The win signals a sharp political shift toward tougher security measures, reduced state size and revived oil development, as the 47-year-old nationalist pledges to overhaul economic and …
Oil prices climbed in Asian trading after renewed geopolitical tensions rattled markets. U.S. President Donald Trump warned of further military strikes on Iran if Hezbollah persisted in attacking Israel, while Tehran said it had closed the Strait of Hormuz. The developments came despite a first round of U.S.-Iran talks under a 60-day interim peace …
