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
French Finance Minister Roland Lescure stated that France has no current plans to release additional oil stocks but did not rule out revisiting the decision in the weeks ahead. His comments came before a G7 meeting where energy security is expected to be discussed. The International Energy Agency has warned of a global oil supply shortfall this yea…
President Donald Trump departed for a summit in China while signalling he does not expect to rely on Beijing to resolve the Iran war. With maritime traffic through the Strait of Hormuz still disrupted, competing demands from Washington and Tehran remain far apart. The conflict is exerting pressure on global energy supplies, raising military expendi…
The International Energy Agency reported a 460,000 barrels-per-day drop in Russia's crude oil production in April year-on-year, to just above 8.8 million bpd. The agency also recorded a fall in oil product exports to 2.2 million bpd - the lowest level on record - while crude exports rose to 4.9 million bpd in April. The IEA linked the production an…
China and the United States are discussing whether to extend a temporary agreement on rare earth export curbs at a leaders' summit this week. Chinese customs figures, however, show continued steep reductions in shipments of several specialty heavy rare earths since controls were imposed in April 2025. The constrained flows have pushed prices sharpl…
Gold traded in a narrow range in Asian hours after mixed moves in U.S. sessions, with spot bullion marginally lower and futures slightly firmer. Investor caution stems from fading hopes for a U.S.-Iran deal following Tehran's rejection of a proposal and President Trump's comment that talks were on "life support," while focus turns to his May 14-15 …
Oil prices retreated on Wednesday following three days of gains as market participants monitored a fragile ceasefire in the Iran conflict and U.S. President Donald Trump traveled to China for a high-stakes meeting with President Xi Jinping. Brent and U.S. West Texas Intermediate fell from recent highs while analysts and market sources highlighted s…
The trading arm of Vietnam’s state-owned oil firm has appealed to U.S. military and diplomatic authorities to permit a Maltese-flagged supertanker carrying Iraqi Basra crude to continue to Vietnam, saying the cargo is vital to keep the Nghi Son refinery operating. The vessel was redirected by U.S. forces as part of enforcement of an expanded blocka…
Oil prices retreated modestly in Asian trading following three consecutive sessions of gains, with traders balancing supply constraints from a near-shutdown of the Strait of Hormuz against U.S. inventory data and inflation readings that could affect Federal Reserve policy and fuel demand growth. Brent and WTI remain elevated after sharp prior gains…
Ivory Coast’s Coffee and Cocoa Council (CCC) will send managers to the centre-eastern town of M’Batto to try to defuse tensions after farmers protested that unsold cocoa harvested during the main crop is rotting and remains unpaid despite a council pledge to buy it. The build-up of unsold stocks followed a sharp global price drop below locally set …
On May 12 governments across multiple regions announced or expanded policies to shield consumers and key industries from surging energy costs linked to the U.S.-Israeli war on Iran. Measures include tax relief, targeted subsidies, releases from strategic reserves, restrictions on exports, temporary rationing and adjustments to power generation rule…
Satellite imagery detected a suspected oil slick spanning dozens of square kilometres west of Kharg Island. Iran's vice-president said monitoring points to ballast water discharge from a non-Iranian tanker rather than leaks from local oil infrastructure. Analysts examining the imagery described the formation as likely an oil slick and noted its pot…
Euronext September milling wheat jumped 4% to 216.50 euros a metric ton as traders reacted to a U.S. Department of Agriculture projection that the upcoming U.S. wheat harvest will be the smallest since 1972. The USDA trimmed its 2026/27 U.S. crop estimate below market expectations and lowered global stock projections, while Chicago and Kansas contr…
The U.S. Department of Energy is evaluating a plan to provide utilities with billions of dollars in financing to purchase long-lead components for large AP1000 nuclear reactors, a move intended to shorten construction timelines for projects that can be delayed by years while awaiting items such as reactor vessels and steam generators. The proposal …
Iraq and Pakistan have reached bilateral arrangements with Iran to move crude oil and liquefied natural gas through the Strait of Hormuz, according to multiple industry and government sources. The agreements illustrate Tehran's growing ability to regulate passage through the strait as a wider conflict and maritime disruptions have sharply reduced t…
Cosmo Energy Holdings will receive 1 million barrels of Isthmus crude from Mexico in the coming days as Japan grapples with supply interruptions linked to the Iran conflict and the near-closure of the Strait of Hormuz. The shipment, loaded from Pemex’s Pajaritos terminal and provided by Pemex’s trading arm PMI, supplements supplies from the United …
The United Kingdom will supply autonomous mine-detection and clearance systems, Typhoon fighter jets and the air defence destroyer HMS Dragon to a multinational defensive operation tasked with protecting shipping in the Strait of Hormuz. Defence minister John Healey announced the contribution during a virtual meeting with over 40 counterparts, sayi…
Lawmakers face intensified lobbying this week as proponents of year-round sales of gasoline blended with 15% ethanol (E15) press the House to pass H.R. 1346, the Nationwide Consumer and Fuel Retailer Choice Act. The measure would permit, but not mandate, nationwide year-round E15 sales and tighten rules for small refinery exemptions from EPA biofue…
Global wine exports and consumption fell in 2025 as U.S. tariffs, softer demand and climatic pressures combined to tighten the market. Exports declined in both volume and value while global consumption reached its lowest level in over six decades. The International Organisation of Vine and Wine (OIV) highlights adaptation efforts including wine tou…
On May 12 the U.S. Department of Energy’s statistical arm said it is assuming the Strait of Hormuz will be effectively closed through late May, with maritime traffic resuming gradually afterward. The Energy Information Administration raised its forecast for U.S. retail gasoline prices to $3.88 a gallon for the year and warned that global oil invent…
Peru's initial round of presidential voting in April remains unresolved as electoral officials report 99.76% of ballots counted. Conservative Keiko Fujimori leads with 17.17% of the vote, followed by leftist Roberto Sanchez at 12.00% and ultra-conservative Rafael Lopez Aliaga at 11.91%. The final official result is due by May 15, and a runoff betwe…
Copper futures rose 1.43% in morning trading, reaching $6.553 and touching a session peak of $6.555, moving close to the 52-week high of $6.583. Traders pointed to a tightening supply backdrop driven by suspended sulphur and sulphuric acid exports from the Middle East, falling Chilean output, and a delayed full restart at Grasberg. On the demand si…
U.S. President Donald Trump and Chinese President Xi Jinping will meet at Beijing’s Temple of Heaven, a ceremonial imperial site, where agriculture and a limited set of trade deals - notably soybeans, meat and Boeing aircraft - are expected to top the agenda. The location offers Xi an opportunity to showcase China’s historical continuity, while U.S…
European natural gas prices climbed on Tuesday, mirroring a rebound in oil, after expectations of a near-term ceasefire between Washington and Tehran weakened. Prices at the Dutch TTF and Britain’s June contract rose as comments from U.S. President Donald Trump and reports of potential renewed military action increased uncertainty around crude flow…
A senior Pentagon official told lawmakers the United States’ military campaign in Iran has cost $29 billion so far, up $4 billion from a late-April estimate. The comptroller’s office cited updated repair and replacement of equipment and operational costs, while Pentagon leaders said they continue to review the estimate. Questions remain about how t…
HSBC has raised its 2026 average Brent crude forecast to $95 per barrel, pointing to an extended effective closure of the Strait of Hormuz. In a note dated May 6, the bank said it expects transit and Gulf production to begin a gradual restart from mid-June, with near-normal system-level output and flows restored by the end of the third quarter of 2…
