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.
2,383 total articles
US Cocoa Futures jumped 11.11% in morning trade, hitting a session high of 4,709.5 before trading at 4,646.5, after a weakening US Dollar Index set off intense technical short covering. Large speculative short positions held by New York funds, a revised forecast of a much smaller 2026/27 global surplus from StoneX, financial stress at Ghana’s state…
OPEC's crude production fell by 830,000 barrels per day in April to 20.04 million bpd, the lowest level recorded since at least 2000 when excluding membership changes. The decline occurred amid a closure of the Strait of Hormuz linked to the U.S.-Israeli conflict with Iran, which curtailed exports and prevented planned production increases by membe…
European natural gas futures rose on Monday after U.S. President Donald Trump appeared to dismiss Iran’s reply to a U.S. plan to end active hostilities. The Dutch TTF front-month contract climbed as concerns persisted over shipping disruptions in the Strait of Hormuz and recent attacks on a major Qatari production facility that have constrained LNG…
Saudi Aramco’s chief executive, Amin Nasser, said ongoing disruptions in the Strait of Hormuz are depleting roughly 100 million barrels of oil from global markets every week. Aramco can raise output to a maximum sustainable 12 million barrels per day within three weeks, but the company expects demand rationing to continue until trade and shipping t…
U.S. President Donald Trump will meet Chinese President Xi Jinping for two days of talks in Beijing focusing on a range of strategic issues including Iran, Taiwan, artificial intelligence, nuclear weapons and trade arrangements. Officials previewing the visit say the leaders will weigh extending a rare earth minerals agreement and may announce fram…
The U.S.-Israeli conflict with Iran has intensified tensions between Washington and Beijing and is set to be a central topic at the May 14-15 summit between U.S. President Donald Trump and China’s Xi Jinping in Beijing. Key points include ceasefire diplomacy, threats to China’s energy supplies, and escalating U.S. sanctions targeting Chinese buyers…
Demining teams around Myrotske and Ivankiv in central Ukraine are deploying a mix of traditional manual detection, remote-operated excavation and artificial intelligence trained on high-resolution drone imagery to locate and remove unexploded ordnance left after occupation. Organisations say the scale of contamination is vast and progress is being …
The Iran conflict has reached its 11th week with no clear resolution, keeping the Strait of Hormuz effectively closed to oil and cargo shipping and lifting oil prices. Markets have shown resilience, aided by tech and chip strength, but inflation readings, U.S. labor data and geopolitical risks may introduce new stress to growth and prices this week…
Copper futures rose to their highest level in over three months as market anxiety about tightening supplies outweighed concerns about demand stemming from the stalemate in the Iran war. Benchmark three-month copper on the London Metal Exchange advanced 1.3% to $13,573 a metric ton by 1030 GMT, extending a winning streak that is the longest since De…
Countries in the European Economic Area and Switzerland have committed almost 200 billion euros to electric vehicle-related projects, with the largest allocations directed at the battery supply chain and EV manufacturing. Public charging roll-out and charging equipment production also attracted sizable capital, while national disparities and policy…
A growing number of U.S. states permit utilities to bill customers for large electricity infrastructure projects while those projects are still being built under Construction Work In Progress (CWIP) rules. The approach lowers utilities’ financing costs and accelerates upgrades, but it pushes added monthly charges onto households and businesses long…
Gold prices slipped in Asian trading after weekly gains as a rebound in crude oil and a stronger U.S. dollar reduced bullion's appeal. President Trump's dismissal of Iran's reply to a U.S. peace proposal coincided with Brent topping $104 and the dollar edging higher, reviving concerns about persistent inflation and delayed interest-rate cuts.
Oil prices rose sharply in Asian trading after U.S. President Donald Trump dismissed Iran's counter to a proposed U.S. peace framework as "totally unacceptable," maintaining higher geopolitical risk. Brent and U.S. WTI futures both gained about 3.1%, while concerns over the Strait of Hormuz and upcoming diplomatic engagement in Beijing added to mar…
Saudi Aramco reported a 25% increase in net profit for the first quarter, supported by stronger prices and volumes and by routing additional crude through its East-West pipeline after shipping via the Strait of Hormuz was constrained. The company raised its quarter dividend and recorded a modest fall in free cash flow amid higher working capital.
Summary: Malaysia's prime minister will soon present a continuity plan aimed at stabilizing the country's oil supply amid ongoing disruption linked to the conflict in Iran. The cabinet is responding to a sharp rise in fuel subsidy costs and warnings that national reserves could be depleted by June without prompt action. Measures under consideration…
Russian President Vladimir Putin told reporters he believes the conflict in Ukraine is ‘‘coming to an end,’’ and said he would be open to negotiating new European security arrangements, naming former German Chancellor Gerhard Schroeder as his preferred interlocutor. The comments followed a pared-down Victory Day observance and came amid a brief, U.…
BCA Research analysts interpret the United Arab Emirates' decision to leave OPEC as a potential catalyst for a loose coalition of producers prioritizing higher output and lower prices. While they see little immediate market disruption in 2026 due to ongoing constraints around the Strait of Hormuz, the exit could erode OPEC's ability to defend price…
Britain has redeployed the air defence destroyer HMS Dragon to the Middle East as part of preparatory steps for a potential multinational mission to secure the Strait of Hormuz. The move follows France's deployment of a carrier strike group to the southern Red Sea and forms part of a joint UK-French plan to restore confidence in the strategic trade…
Citigroup analysts attribute the sharp pullback in oil prices from recent peaks to a combination of elevated global inventories, slowing demand growth in developing economies and market assumptions that U.S.-Iran negotiations could ease supply risks. Brent briefly reached $125-$126 a barrel before retreating to lower contract-month levels, while Ci…
State regulators and utilities are allowing customers to fund large electricity infrastructure projects during construction through Construction Work In Progress (CWIP) rules. Once rare, CWIP incentives now exist in at least 40 states and are being used to accelerate grid upgrades amid rising demand from data centers and other load growth. The appr…
China recorded a decline in overall gold production in the first quarter, driven by lower domestic mine output amid safety inspections and temporary suspensions, even as consumer and official demand for bullion rose, shifting purchases toward bars and coins and prompting the central bank to add to reserves.
Citi warned that oil prices may firm further if negotiations between the United States and Iran stay difficult. While several factors - inventory drawdowns, Strategic Petroleum Reserve releases, reduced Chinese imports, weaker demand and intermittent signs of de-escalation - have blunted the shock so far, the bank said a prolonged failure to reach …
Maryland members of Congress have asked the Air Force to explain why they were not promptly informed about a jet fuel release from Joint Base Andrews that entered Piscataway Creek. Lawmakers say notification about the incident only arrived on March 23 - roughly two months after 32,000 gallons of jet fuel were discharged - and that the full scope of…
Diamondback Energy has purchased put options that pay off if the U.S. West Texas Intermediate (WTI) benchmark widens its discount to global Brent crude to roughly $42 a barrel or more. The firm paid nearly $70 million for the contracts, a rare use of basis puts by a major U.S. onshore producer, and a hedge that would prove lucrative if a U.S. crude…
Northwest European gasoline refinery margins climbed by about $0.90 on Friday to $26.91 per barrel amid tighter supplies and active buying in physical markets. Significant barge trades in E5 and E10 gasoline, a week-on-week draw in inventories at the Amsterdam-Rotterdam-Antwerp hub and a shutdown at Libya's Zawiya refinery were cited as supporting …
