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
Britain’s trade minister said recent meetings with Indian counterparts progressed well and that the free trade agreement would not be reopened, but implementation may be delayed following concerns from India about planned UK steel measures. He also said the United States has acknowledged the UK’s efforts on forced labour issues and that no new U.S.…
Roberto Sanchez, the left-wing candidate from Together for Peru, has shifted toward a more pragmatic economic stance in the run-up to Peru’s June 7 presidential runoff against Keiko Fujimori. After earlier proposals to reshape the mining sector and replace the 1990s constitution unsettled markets, Sanchez has moved to reassure centrist voters and i…
A New World screwworm found in a Texas calf marks the first confirmed U.S. case in the current outbreak after the parasite moved north from Central America through Mexico. With U.S. cattle inventories at multi-decade lows and imports from Mexico halted for a year, the discovery increases the risk of further supply tightening and upward pressure on …
Gold prices ticked up in Asian trading after reports of a ceasefire arrangement between Israel and Lebanon reduced near-term geopolitical risk premiums. Investors remained watchful, however, as the deal hinges on Hezbollah halting attacks and fresh regional hostilities were reported. Market focus is shifting to forthcoming U.S. labor market data fo…
A White House official said the administration plans to invoke the Defense Production Act to channel almost $700 million into U.S. coal infrastructure, including upgrades at existing plants, matching corporate investments for new facilities and support for a Northern California export terminal. The official, speaking anonymously, cautioned that pla…
Oil futures eased as a newly announced Israel-Lebanon ceasefire lifted prospects of broader de-escalation linked to Iran, while U.S. lawmakers moved to constrain presidential war powers and U.S. crude inventories registered a bigger-than-expected weekly decline, leaving markets weighing both supply indicators and geopolitical developments.
Oil prices retreated in Asian trade following a three-session advance, as traders booked profits and continued to assess heightened geopolitical risk in the Middle East alongside a larger-than-expected fall in U.S. crude inventories. Brent and WTI slipped modestly after previous gains, with market attention fixed on recent hostilities involving the…
Singapore has procured liquefied natural gas shipments from Australia, the United States and Africa to fully replace volumes previously supplied by Qatar through the end of 2026, the chief executive of the Energy Market Authority said. The replacement cargoes meet 100% of the city-state's gas needs for power generation, and can be resold if Qatari …
Samples taken from two calves on a La Pryor, Texas ranch that are suspected of harboring the flesh-eating New World screwworm have been forwarded to a federal laboratory in Iowa for testing. The samples were collected after photos and videos circulated among livestock producers. State and federal authorities have given differing public statements a…
Data published by Euronext on Wednesday shows investment funds and other non-commercial traders cut their net long exposure in Euronext milling wheat futures and options in the week ending May 29. Commercial participants also reduced their net short position. Euronext rapeseed contracts saw a small decline in non-commercial net longs.
The U.S. Strategic Petroleum Reserve (SPR) declined to 357.1 million barrels in the week ended May 29, marking the lowest inventory level since January 2024, according to the U.S. Energy Information Administration's weekly Petroleum Status Report released on Wednesday. Energy companies have withdrawn crude from the reserve for a tenth consecutive w…
U.S. crude oil inventories declined by 8 million barrels to 433.7 million barrels in the week ended May 29, according to the Energy Information Administration. The draw exceeded market expectations. Meanwhile, gasoline and distillate stocks rose, refinery crude runs fell modestly, refinery utilization inched higher, and net crude imports fell.
European natural gas benchmarks climbed after fresh hostilities in the Middle East undermined hopes for a rapid U.S.-Iran agreement that could reopen the Strait of Hormuz. The Dutch TTF front-month contract and UK futures both rose roughly 2.5%, while continued disruptions to global LNG supply and lower EU storage levels added upward pressure on re…
Hundreds of vessels and roughly 20,000 seafarers remain unable to transit the Gulf as the Strait of Hormuz stays largely closed amid a three-month-old conflict. Ship managers and registries say a ceasefire alone will not be enough to prompt a return to pre-war traffic levels without clear safety assurances and multinational guarantees.
The head of fuel at the International Air Transport Association said many carriers are feeling severe pressure from volatile jet fuel markets and that not all airlines have hedging programs in place to protect against price swings. While sophisticated hedging can provide relief for some operators, record refinery margins and disruptions to supplies…
President Donald Trump has admitted he called Israeli Prime Minister Benjamin Netanyahu "effing crazy" during a profanity-laden phone exchange as Washington worked to negotiate an end to broader hostilities linked to Iran. Trump's comments came during a podcast interview in which he said he was "a little bit perturbed" by Israel's actions in Lebano…
Kuwait is weighing options to expand its crude storage capacity in other countries after disruptions to tanker shipments through the Strait of Hormuz linked to the Persian Gulf conflict. Senior Kuwait Petroleum Corp. officials said the strait remains unsafe for energy cargoes, prompting talks on pipeline routes with neighboring states and reliance …
India has announced a 100 billion rupee ($1 billion) support package to oil retailers to enforce a cap on jet fuel prices for domestic carriers. The government set the ceiling at 75.6 rupees per litre - well below the current price of 104.9 rupees per litre charged at New Delhi airport - and will reimburse state refiners for losses arising from sel…
Renewed U.S.-Iran exchanges in the Gulf lifted Brent crude above the $95-$100 range and pushed up bond yields, even as major equity benchmarks continued to chase AI-driven gains. Tech-heavy indexes drove further record highs for U.S. stocks, while the yen remained under pressure near the 160 per dollar level after sustained intervention by Japanese…
Kuwait Petroleum Company said it expects to bring roughly 70% of its oil production back online within six to eight weeks after the Strait of Hormuz reopens, with the remaining 30% needing an additional month. Company officials also expect refinery throughput to normalize within two to three weeks once the crisis ends.
South Korea and the United States convened inaugural talks this week under a joint fact sheet signed last year to discuss nuclear cooperation. Delegations from both countries met to address Seoul's push for broader uranium enrichment and spent-fuel reprocessing rights for civilian purposes, and to agree on a separate process for nuclear-powered sub…
Regional officials reported that Russian forces intercepted dozens of drones over the Leningrad region overnight as St. Petersburg prepares to host a major annual economic forum. The incidents coincided with travel disruptions, heightened security measures in the city and separate strikes reported elsewhere in Russia and Russian-held areas.
The Japanese yen traded close to the critical 160-per-dollar threshold on Wednesday, briefly touching the level that prompted intervention in April. The currency is under pressure as investors price in prolonged higher U.S. interest rates and Japan absorbs higher energy costs. Officials have reiterated their willingness to act, and market focus has…
Republican U.S. Representative Mariannette Miller-Meeks clinched her party's renomination in Iowa's 1st Congressional District on June 2, setting up a third straight general election contest against Democrat Christina Bohannan. Miller-Meeks defeated MAGA-aligned challenger David Pautsch, while Bohannan prevailed over Travis Terrell to secure the De…
Gold prices moved down modestly in Asian trading as investors parsed renewed hostilities in the Middle East alongside U.S. labor-market signals that could influence Federal Reserve policy. Spot gold and U.S. futures each fell about 0.5% as markets awaited a string of U.S. economic releases ahead of Friday's nonfarm payrolls.
