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
Front-month Dutch natural gas futures rose modestly as traders weighed continued disruptions around the Strait of Hormuz, stalled diplomacy in Lebanon and measures affecting Iranian ports. Supply pressure from Gulf incidents and lower expected wind output in Europe combined with an Australian LNG facility strike risk to keep markets tight.
Shipping data for Friday show only five vessels transited the Strait of Hormuz in the previous 24 hours, including an Iranian-flagged oil products tanker subject to U.S. sanctions. The limited movement follows Iran’s seizure of two container ships and a continuing U.S. blockade of Iranian ports, and comes amid reports that a fifth of global oil and…
Hezbollah has rejected the significance of a U.S.-mediated three-week extension to a ceasefire with Israel, pointing to ongoing Israeli attacks in southern Lebanon and asserting the group's right to respond. The extension was announced by U.S. President Donald Trump after meetings at the White House. While the ceasefire that began on April 16 has r…
A fragile U.S.-Iran ceasefire has failed to calm markets as a U.S. naval blockade of the Strait of Hormuz and reciprocal tanker seizures by Tehran sent Brent crude back above $100 a barrel. The flare-up stalled an otherwise broad equity advance but did not erase the underlying momentum in major stock indices. Energy security concerns are reshaping …
Goldman Sachs estimates Gulf crude production has declined by about 14.5 million barrels per day, equating to 57% of pre-war output. While some recovery could occur after the Strait of Hormuz reopens, the bank cautions that limited tanker capacity, well flow constraints and possible reservoir damage mean restoring full production may take much long…
A Reuters/Ipsos poll conducted April 15-20 shows 77% of registered voters place at least some responsibility on President Donald Trump for recent gasoline price increases linked to U.S. and Israeli attacks on Iran. The rise in fuel costs is diminishing Republican advantages on the economy and could influence voter support in the November midterm el…
Gold prices declined on Friday and were positioned for substantial weekly losses after renewed hostilities between the U.S. and Iran and the breakdown of peace talks prompted traders to favor the dollar. Strength in the greenback and concerns about inflationary effects from the Iran conflict pressured gold and other precious metals, while rising oi…
A Dallas Fed survey of oil and gas companies indicates U.S. producers foresee increased domestic crude output in response to supply disruptions from the ongoing war in Iran. Respondents also expect most shut-in Gulf production to return, variable timelines for Strait of Hormuz traffic normalization, and higher post-conflict shipping costs.
A White House-brokered agreement extended a ceasefire between Israel and Lebanon by three weeks as President Donald Trump said he is willing to wait for what he called the "best deal" to resolve the wider conflict with Iran. Despite the extension, clashes continued in southern Lebanon, Iran asserted tighter control over the Strait of Hormuz and U.S…
The United States and the European Union will sign a memorandum of understanding on Friday establishing a partnership focused on critical minerals. The State Department said U.S. Secretary of State Marco Rubio and EU Trade Commissioner Maros Sefcovic will attend the signing. The move comes amid U.S. efforts to secure access to critical mineral rese…
Oil prices rose in Asian trade as concerns about a prolonged U.S.-Iran conflict intensified after President Donald Trump said he was in no rush to end the war. Brent climbed above $106 a barrel and U.S. crude neared $97, with both contracts posting double-digit weekly gains amid reports of strikes, diplomatic setbacks and continued disruptions in t…
Oil prices rose on Friday as investors reacted to Iranian footage showing commandos boarding a cargo vessel in the Strait of Hormuz and to reports that Tehran's air defences had engaged "hostile targets." Brent and West Texas Intermediate both advanced over 1% in early trading, building on a more than 3% gain the previous session after similar repo…
President Donald Trump told reporters on April 23 that Americans should expect to pay more for gasoline "for a little while," acknowledging a recent rise in energy prices tied to the Iran war. The conflict has disrupted traffic through the Strait of Hormuz and contributed to higher global energy costs, posing political and economic challenges ahead…
The U.S. Nuclear Regulatory Commission has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, allowing the Hartsville, South Carolina plant to continue generating electricity until 2050. The facility supplies power equivalent to around 570,000 homes and represents roughly half of Duke Energy’s custome…
President Donald Trump told reporters he would not use a nuclear weapon in the conflict with Iran, saying U.S. forces have already inflicted severe damage using conventional means. He declined to commit to a timetable for a long-term peace deal, saying negotiators should not be rushed and that he seeks an enduring agreement.
Two sources familiar with the decision say the White House is expected to extend a waiver of the Jones Act for as long as 90 days as early as Friday. The anticipated extension would temporarily relax the requirement that cargo moved between U.S. ports travel on American-built, -owned and -crewed vessels, permitting foreign-flagged ships to carry fu…
Prime Minister Mark Carney said U.S. President Donald Trump has not raised the idea that Canada must pay an "entry fee" ahead of the scheduled review of the USMCA. Canadian officials say the review timetable has been disrupted by tariffs imposed last year and that wrapping up by the July 1 deadline is unlikely, with Ottawa insisting on addressing a…
A recent shipment of Russian Urals crude delivered to Cuba has been refined and distributed, temporarily reducing widespread rolling blackouts. Officials say the volume will cover only a few days of fuel needs and that Cuba would require multiple similar deliveries each month to sustain power generation and industrial activity. Moscow has signaled …
Four European embassies have accused Russian authorities of attempting to obliterate remembrance of atrocities carried out under Soviet leader Josef Stalin after a memorial complex in Tomsk honoring victims of the NKVD was unexpectedly dismantled. The memorial - located on land thought to be a mass grave and including the so-called "Stone of Grief"…
On April 23, a Malta-flagged tanker completed a cross-country delivery of U.S. crude from Phillips 66’s Beaumont terminal to Monroe Energy’s Trainer refinery in Pennsylvania under a temporary Jones Act waiver issued by President Donald Trump. Ship tracking data from Kpler and LSEG show the HTM Warrior loaded light, sweet Bakken crude in early April…
A recent operation using a swarm of small, fast Iranian boats to seize two container ships near the Strait of Hormuz underscores the persistent asymmetric maritime threat that remains despite strikes on Iran’s conventional navy. The tactic - backed by heavily armed Revolutionary Guards crews and integrated with shore-based missiles, drones, mines a…
European natural gas benchmarks rose Thursday as military and maritime confrontations between the United States and Iran intensified. Market attention centered on a fresh U.S. seizure of an Iranian-affiliated tanker and Iranian boarding actions in the Strait of Hormuz, even after a ceasefire extension was announced. Supply disruption concerns and d…
The European Union’s approval of a 90-billion-euro loan provides Ukraine with critical budgetary breathing room and averts imminent cuts to public services, but economists and Ukrainian officials say the package will not fully cover rising military and energy-related costs. Only half of the loan will be disbursed this year, with the balance arrivin…
Two container ships seized near the Strait of Hormuz by Iran’s Islamic Revolutionary Guard Corps are being moved toward Bandar Abbas with about 40 seafarers onboard. Countries whose nationals are on the vessels have reported their crews safe but are seeking more information, as Iran vows retaliation after U.S. forces seized an Iranian cargo ship da…
Summary: The European Union will announce eased state aid rules to allow governments to shield households and key sectors from energy price rises linked to the Iran war. Brussels intends the measures to be targeted and temporary, but nine European finance officials and analysts warned that widespread fuel duty cuts, VAT relief and price caps alread…
