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
Oil prices climbed in Asian trading after renewed violence across the Middle East and signs that talks between Washington and Tehran have stalled. Prices were also supported by industry data showing a sharper-than-expected drop in U.S. crude stocks, with market participants now awaiting official government figures.
Mexico's sugar industry is urging Washington to eliminate limits that sharply restrict U.S. imports from Mexico and is preparing a potential anti-dumping complaint targeting U.S. fructose should bilateral talks fail. Industry leaders say a U.S. policy labeled "future imports subject to tariffs" has curtailed Mexico's export quota, reducing shipment…
Iraq said it will increase pipeline crude exports to 770,000 barrels per day from 220,000 bpd within two and a half months, part of a plan to diversify routes away from Gulf shipping lanes. The government statement said the move includes signing an agreement with Syria to move Basrah Light, Medium and Heavy crude via the ports of Baniyas and Tartou…
The head of the International Energy Agency's oil industry and markets division warned that ongoing stock draws could push global oil inventories to historically low levels just before the Northern Hemisphere summer demand peak. She also flagged that reopening the Strait of Hormuz could take six to eight months in a best-case scenario and that emer…
Dangote Oil Refinery intends to raise nameplate capacity from 650,000 barrels per day to 1.4 million bpd by the end of 2028, CEO David Bird said at a London energy conference. The group has begun procurement and contract awards for a 700,000 bpd expansion described as a 'ruthless replication.' The facility currently has a substantial surplus of jet…
U.S. Agriculture Secretary Brooke Rollins said the New World Screwworm was detected in a five-year-old goat in Coahuila, Mexico, within 25 miles of the U.S. border. The parasite, which feeds on living flesh, has been moving northward through Mexico for over a year and was previously found in a young sheep within 31 miles of the U.S. The USDA and ex…
Northwest European gasoline refining margins recovered on Tuesday, rising by about $1.78 to $22.36 per barrel as trading activity picked up. Multiple E5 and E10 barge transactions took place in Argus and Platts windows. Separately, China's state planner has allowed some independent refiners to cut output from June, and EU-27 plus UK gasoline and bl…
Gold comprised 27% of foreign reserves held by central banks worldwide at the end of 2025, surpassing U.S. Treasurys, as rising bullion prices lifted its share even as many institutions scaled back new purchases. World Gold Council data for Q1 2026 shows demand edged higher, driven by bars and coins and continued central bank accumulation, while je…
Tom Baker, Vitol’s managing director for Bahrain, cautioned that the oil market is not fully pricing in risks stemming from the Iran conflict, including the effective closure of the Strait of Hormuz and attacks on energy infrastructure that have taken roughly 14 million barrels of Middle East supply offline. He said crude output may return but the …
Tom Baker, Vitol's managing director for Bahrain, said the oil market is underestimating risks arising from the Iran war. He noted that closures of the Strait of Hormuz and attacks on oilfields and refineries have taken roughly 14 million barrels of Middle East supply offline, producing the largest oil supply crisis in history. While crude volumes …
European natural gas benchmarks fell Tuesday as forecasts for increased wind-driven renewable output reduced short-term demand and geopolitical uncertainty around U.S.-Iran communications and strikes in Lebanon continued to cloud supply-risk sentiment. Dutch TTF and British futures both declined, while estimates showed a notable drop in non-local d…
Barclays analyst Theresa Chen warned that discussion of a U.S. crude or refined product export ban is likely to pick up as midterm elections approach, even though the Trump administration has so far opposed such restrictions. The note follows a deterioration in U.S.-Iran relations and a weekend of air strikes that erased hopes for a prolonged cease…
Venezuela’s interim President Delcy Rodriguez will visit India from June 3 to June 7 for talks with Prime Minister Narendra Modi and other officials. The visit comes as India increases crude purchases from Caracas, and will cover a broad agenda including energy, trade, investment and renewable energy.
Global markets showed surface calm even as an unfolding AI story and persistent uncertainty over U.S.-Iran talks created mixed signals. Anthropic confidentially filed for an IPO and SpaceX readies a major offering, while Alphabet disclosed plans to raise about $80 billion of equity, including a $10 billion private placement with Berkshire Hathaway.…
China’s customs authority has lifted restrictions related to foot-and-mouth disease (FMD) in northern Brazil and now recognises the entire country as free of the disease. The decision follows diplomatic visits and comes as Brazil is the world’s largest exporter of beef and chicken, with China a major buyer.
The World Meteorological Organization says an El Nino event is likely to form between June and August and to persist through at least November, with some models indicating it could be strong. Scientists warn that the elevated baseline temperatures caused by greenhouse gas emissions will magnify El Nino’s effects, raising risks for food production, …
Gold prices recovered from a sharp decline, climbing about 0.9% as uncertainty persisted over whether U.S.-Iran negotiations had resumed. Mixed public statements from U.S. leadership and a partial ceasefire between Hezbollah and Israel provided uneven market relief. Other precious metals also edged higher, while OCBC trimmed its year-end gold forec…
Shares of Australian gold miner Northern Star Resources surged after Elliott Investment disclosed a stake in excess of A$1 billion ($715 million) and urged the company to undertake a strategic review. The activist investor flagged the miner's underperformance versus peers and sought board changes and an expedited CEO appointment amid an impending m…
Oil prices gave back some of their recent rally in Asian trade amid persistent uncertainty about the status of U.S.-Iran ceasefire negotiations. Relief from a possible de-escalation between Israel and Lebanon was tempered by the continued closure of the Strait of Hormuz and mixed statements from U.S. and Iranian sources.
Oil prices retained the bulk of a sharp one-day gain in early Tuesday trading as markets weighed conflicting messages about ceasefire talks between the United States and Iran and the implications for shipping through the Strait of Hormuz. Benchmarks showed small moves after a volatile session driven by statements from U.S. officials and reports tha…
PJM Interconnection has proposed increasing the minimum capitalization requirement for wholesale electricity market participants to $2 million. The change, the first since 2011, would be implemented in phases with a 3% annual inflation adjustment beginning five years after implementation and an intended effective date of April 30, 2027, subject to …
Australia’s next wheat harvest is forecast to be the smallest in three years at 26.7 million metric tons, the federal agriculture research agency said, citing elevated fertiliser prices tied to the Iran war and dry conditions across wide areas of the east. Reductions in planted area and yield potential for wheat, canola and barley are expected to t…
Colombia posted a 1.5% year-on-year rise in oil production for April to 724,910 barrels per day, yet output fell 2.1% from March. Commercialized gas production declined 14.2% year-on-year to 694 million cubic feet per day and was also lower than March, according to the National Hydrocarbons Agency, which offered no explanation for the shifts.
President Jose Antonio Kast used his first national address at the opening of Congress to unveil a concentrated legislative and administrative program centered on public security, spending cuts and measures to spur economic growth. Speaking from the congressional chamber in Valparaiso, Kast proposed strengthening police forces, tightening immigrati…
Chicago Board of Trade wheat futures closed lower on Monday after initial gains tied to higher crude oil dissipated. Market attention returned to sizable global supplies and subdued demand for U.S. shipments, with additional pressure from weaker corn and soybean prices and harvest-related selling as U.S. growers start gathering the winter crop.
