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
Chinese electric vehicle maker BYD is boosting battery production inside Brazil as it seeks to increase local content to 50% by early 2027 and invest in large-scale energy storage to help the national grid. The company will expand production at its Camaçari plant in Bahia, add capacity for bus batteries, and weigh a new Battery Energy Storage Syste…
Oil futures plunged roughly 5% on Tuesday, with Brent and U.S. WTI marking their weakest intraday levels since early March, after reports that an interim U.S.-Iran agreement could allow oil flows through the Strait of Hormuz to resume. Traders pared risk premiums even as analysts warned implementation could take weeks and lingering political, econo…
QatarEnergy has signalled that liquefied natural gas production at intact facilities in Ras Laffan could be restored to full output within about a month. Iranian strikes damaged two of 14 LNG trains and one gas-to-liquids unit, removing 17% of Qatar's LNG export capacity, while stoppages at other sites were driven by the effective closure of the St…
A new Inter-American Development Bank report shows that in the first quarter of 2026 China was the fastest-growing buyer of goods from Latin America and the Caribbean, with exports to China up 25% year-on-year. Despite that acceleration, the United States remained the region's largest market, supported by close trade links with Mexico and Central A…
At the G7 summit in Évian-les-Bains, France, President Donald Trump told reporters the memorandum of understanding with Iran explicitly states Iran will not possess a nuclear weapon. He said he will release the memorandum text in a formal setting and indicated he will forward the broader Iran deal to Congress for review. Talks are set to proceed on…
The VDA automotive association said the European Parliament’s endorsement of the EU-US trade agreement provides important clarity for German carmakers, but persistent U.S. tariffs - especially on trucks and buses - continue to pose a major challenge. The group urged the European Council to move quickly to formally adopt the accord, citing risks to …
Global markets pared some of their initial gains after a preliminary U.S.-Iran memorandum, as investors waited for the agreement's text and proof it would meaningfully reopen tanker traffic through the Strait of Hormuz. Central bank policy moves - most notably the Bank of Japan's quarter-point rise to 1% and the Reserve Bank of Australia's decision…
U.S. and Mexican negotiators are meeting in Washington for a second round of talks focused on agriculture and energy as officials attempt to refresh the U.S.-Mexico-Canada Agreement. The closed-door sessions follow a prior round in Mexico City and precede a third round planned for late July. President Donald Trump has publicly questioned renewing t…
A Ukrainian drone caused a fire and damaged a facility at the Moscow region’s largest oil refinery, officials said, while Russian oil producer Tatneft imposed nationwide fuel purchase limits at its stations. Kyiv’s strikes on refineries have increased since early 2026, contributing to reduced oil processing and lower output of gasoline, diesel and …
European natural gas prices fell to levels not seen in over a month after U.S. President Donald Trump said Washington and Tehran had signed a preliminary agreement to end the war. The Dutch front-month and British contracts dropped to 44.23 EUR/MWh and 100.20 pence/therm respectively, as markets pared a geopolitical risk premium. Analysts caution t…
Since early May, the U.S. military has directed a clandestine ship-to-ship oil transfer operation off the coast of Fujairah in the UAE and off Sohar in Oman. Using aerial and maritime drones and helicopters to monitor and guide convoys, the operation has involved at least 92 vessels and repeated mass transfers to Very Large Crude Carriers (VLCCs), …
Goldman Sachs has reduced its oil price forecasts for late 2026 and 2027 after U.S. officials announced an interim agreement that will lift a blockade and reopen the Strait of Hormuz. The bank now assumes Persian Gulf exports will return to pre-war levels by the end of July rather than end-August, prompting cuts to Brent and WTI fair-value expectat…
Chinese President Xi Jinping met Myanmar President Min Aung Hlaing in Beijing during a visit aimed at deepening bilateral ties. State ceremonies and the signing of cooperation documents highlighted the trip, which includes discussion of infrastructure projects tied to China’s Belt and Road Initiative and reflects Beijing’s continued role as a key p…
Myanmar President Min Aung Hlaing’s state visit to China, including a meeting with President Xi Jinping, gives the former junta chief a visible diplomatic endorsement as he pursues consolidation of power after a disputed election. Analysts say Beijing’s engagement is driven by strategic priorities - securing borders, access to rare earths, and adva…
Gold prices were largely unchanged in Asian trade on Tuesday, remaining close to one-week highs as traders awaited further details on a preliminary U.S.-Iran peace agreement and focused on an active schedule of central bank meetings, led by the Bank of Japan and the U.S. Federal Reserve. Spot gold inched up while U.S. futures dipped, following a sh…
Oil markets pushed higher on June 16 after a sharp drop the previous session, as traders weighed incomplete details of a preliminary memorandum of understanding said to pause hostilities between the U.S. and Iran. While early indications suggest the pact could reopen the blockaded Strait of Hormuz and extend a 60-day ceasefire, uncertainty about th…
Oil prices recovered modestly in Asian trade after a near 5% drop left benchmarks at three-month lows. Traders are awaiting details on a U.S.-Iran memorandum of understanding that aims to reopen the Strait of Hormuz, while questions about maritime security, insurance costs and the pace of restoring flows keep uncertainty elevated.
U.S. national retail gasoline prices fell below $4 a gallon for the first time since mid-April after markets reacted to a preliminary memorandum between the United States and Iran that raised hopes the Strait of Hormuz could reopen. Crude futures dropped more than $4 a barrel on the announcement, easing pump prices, but analysts caution that invent…
ICE canola futures eased on Monday following a U.S.-Iran memorandum of understanding that weighed on crude oil prices. The drop in oil held implications for biofuel demand and correlated vegetable oil contracts, with July and November canola settling lower while soyoil ticked up and European rapeseed fell.
The Strategic Petroleum Reserve declined to 340.3 million barrels after a planned government drawdown, its lowest reported level since 1983. The 8.9 million-barrel reduction is part of a 172 million-barrel release announced in March and coordinated with other nations amid heightened tensions following attacks on Iran. An exchange program for loaned…
U.S. soybean processors cut throughput in May, with the daily crush rate slipping to its weakest level since September. Monthly processing was down versus April but remained above May 2025 volumes. Soybean oil inventories also fell to a five-month low, reflecting a notable month-to-month decline after an April revision of stock figures.
Global sugar prices steadied on Monday after an initial U.S.-Iran agreement to end their conflict and reopen the Strait of Hormuz sent energy prices sharply lower. The move altered the relative economics for cane mills, encouraging sweetener output over biofuel ethanol production and prompting volatility in raw and white sugar futures.
The United States and Iran have signed a memorandum of understanding intended to bring a close to an almost four-month conflict, senior U.S. officials said. A signing ceremony is scheduled for Friday, and shipping through the Strait of Hormuz is expected to increase gradually rather than immediately return to pre-conflict levels. The agreement, whi…
A framework agreement between the United States and Iran that includes reopening the Strait of Hormuz and a 60-day ceasefire prompted an immediate drop in oil prices as traders priced in a return of flows. Industry analysts and officials, however, warn that a full restoration of crude production, refining throughput and LNG capacity will take weeks…
Wheat, corn and soybean futures fell on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced an initial agreement to end hostilities and restore traffic through the Strait of Hormuz. The diplomatic development pushed oil prices lower, weighing on agricultural commodities that serve as biofuel feedstocks, while weath…
