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.
2,727 total articles
A renewed decline in global oil prices has provided a welcome cushion to jittery bond markets, even as uncertainty persists over crude flows through the Strait of Hormuz. Brent crude fell for a third day, dropping more than 2% to roughly $86 per barrel, and could register its largest weekly fall since June if sustained. Investors also await Nvidia'…
European natural gas benchmarks fell sharply on Wednesday, reversing gains that had pushed hubs to five-month highs. The move followed reports of progress toward a U.S.-Iran interim ceasefire and resumed talks on navigation through the Strait of Hormuz, prompting traders to unwind a geopolitical supply risk premium while global crude prices also sl…
Crude benchmarks fell sharply after Iran announced it had restarted discussions with Oman about managing commercial traffic through the Strait of Hormuz. The move, coupled with allowances for some Iraqi tankers to transit the waterway, led traders to pare supply-risk premia despite the U.S. imposing stiffer economic sanctions on Tehran earlier in t…
U.S. oil futures declined in early trade as markets reacted to Iran's announcement that it had restarted talks with Oman about managing the Strait of Hormuz, raising expectations that the vital waterway could reopen. West Texas Intermediate fell about 1.7% to $80.99 as of 2240 GMT, extending losses from the prior session.
International Monetary Fund Managing Director Kristalina Georgieva said the global economy has so far withstood the energy shock from the Iran conflict better than expected, citing a mix of supply responses and demand changes. At the same time, she warned of mounting fiscal pressures in some countries, signaled by rising bond yields and a stalled d…
A recently signed contract between SLB and Venezuela’s state oil company PDVSA grants the U.S. oilfield services and technology provider access to Venezuela’s oilfield datasets. The deal covers organizing, modernizing and rebuilding geological and production databases damaged by years of underinvestment and a recent ransomware attack, and includes …
The prospect of U.S. import duties on refined copper is reshaping physical flows and inventory locations, tightening available metal outside the United States even as global balances point to a surplus. Large warrant cancellations on the London Metal Exchange and sustained inflows into COMEX warehouses have driven three-month LME copper toward its …
President Donald Trump posted that mines in the international waters of the Strait of Hormuz have been detonated or removed and that Iran has been warned any vessel laying new mines will be destroyed. He said the U.S., using its Space Force, is monitoring the waterway closely. The statement comes amid ongoing vessel attacks in the strait and amid s…
Citi told clients that gold's recent ascent has cleared technical resistance but is primarily the result of speculative money moving into futures. The bank notes the rally was supported by a softer dollar and lower rates after the U.S. Treasury announced increased long-end buybacks, yet physical demand has not kept pace. Citi views Chair Kevin Wars…
European natural gas prices paused near their highest levels in five months after a sharp weekly rally, as a new U.S. sanctions package on Iran did not produce immediate supply disruptions. Traders reassessed risk following a crude oil pullback and confirmation that the measures largely reaffirmed existing restrictions rather than introducing new v…
Sinopec’s chairman, Hou Qijun, has begun a sweeping restructuring of the world’s largest oil refiner to address falling fuel demand, petrochemical overcapacity and tough market conditions. He has divided the company into four profit-oriented units, signalled a substantial shift of capital toward new energy and materials through 2030, and set a prog…
Calculations based on International Energy Agency data indicate that countries embroiled in conflict produced roughly 45 million barrels per day in 2025, representing over 43% of global oil output. Six months after U.S. and Israeli strikes on Iran set off the largest recorded oil supply crisis, ongoing hostilities across multiple producing regions …
Crude prices inched upward after the U.S. announced sanctions targeting 60 Iran-linked entities and individuals. Traders remain cautious as Tehran vows retaliation and shipping activity through the Strait of Hormuz, although showing signs of recovery, is still well below pre-conflict volumes that previously accounted for roughly 20% of global oil f…
U.S. Treasury Secretary Scott Bessent said the Treasury will proceed with its scheduled debt auctions announced in early August even as it prepares to increase the size of quarterly buybacks for 10- to 30-year notes and bonds. The enlarged repurchase program, which has not yet been funded, is due to begin on Sept. 10 for 10- and 20-year securities.…
U.S. ethanol blending credit prices fell sharply to multi-month lows after the Environmental Protection Agency delayed a September 1 compliance deadline for refiners and said it would rule on outstanding small refinery exemption petitions by the end of August. Traders reacted to the prospect that the EPA’s decisions could free up a large volume of …
Chicago Board of Trade soybean futures fell on Monday amid a decline in crude oil and a sharp selloff in soyoil, though strong export demand for U.S. beans limited the extent of the downturn. The Pro Farmer crop tour estimated a larger soybean harvest than the USDA forecast, while analysts expect the USDA to hold condition ratings steady at 61% goo…
Aug 24 - Tesla has removed its premium solar roof tiles from its website and now redirects the product URL to a conventional solar panel offering. The move comes nearly a decade after the roof tiles were unveiled and amid a broader company pivot toward traditional solar panels produced in Buffalo, New York. Tesla also filed plans this month for a l…
European diesel refining margins declined by over 7% on Monday after the low-sulphur gasoil futures premium to Brent shrank by $5.52 to $70.79 per barrel by 1612 GMT. Physical market activity included a BP sale for delivery to Gdynia, Poland, and a quiet Mediterranean trading window. Separately, Russia’s Perm refinery halted operations after a dron…
Morocco's grain office ONICL has announced the resumption of soft wheat imports beginning September 16, with import subsidies in place until December 31. The measure follows a pause in purchases in June to prioritize a domestic harvest that recovered in 2026, and the subsidy will cover the difference between a 270-dirham-per-quintal reference price…
Iran's Persian Gulf Strait Authority published a list of 45 vessels it says violated its transit rules through the Strait of Hormuz, warning that those ships - and any vessels transferring cargo with them - may face fines, detention and confiscation of cargo. The move comes amid heightened rhetoric between Iran and the United States and follows eff…
Six European Union member states have formally asked Ireland's EU presidency to add a discussion on an EU-level mechanism to tax windfall profits of oil companies to the agenda of the next finance ministers' meeting on September 18-19 in Dublin. The request, made in a joint letter, links the proposal to a supply shock from Iran's blockade of the St…
Iran’s foreign minister dismissed Washington’s warning of fresh, severe sanctions as evidence of desperation and said such measures will not defeat Tehran. The dispute comes as Iran has effectively halted unauthorized tanker transits through the Strait of Hormuz, contributing to higher global oil prices, and as international actors consider diploma…
President Donald Trump said Tehran was not prepared to accept what he called the "right deal" and indicated U.S. forces were watching developments. Washington has pledged what it described as the toughest financial penalties in history targeting Iran’s leadership, with Treasury Secretary Scott Bessent set to outline details on Monday. Meanwhile, di…
European low-sulphur gasoil futures widened their premium to Brent crude to $76.52 per barrel by 1530 GMT on Friday, lifting diesel margins. The higher margins are prompting refiners to convert product streams from jet, gasoline and fuel oil into diesel. Concurrent global movements in refined fuel exports and refinery runs in China, Russia-to-Saudi…
Euronext wheat prices declined as traders locked in gains following a four-week high and assessed the ongoing effects of attacks that have disrupted grain shipments from the Azov and Black Sea basin. The most-active December contract fell 1.1% to €238.25 per metric ton, while near-term September futures slipped 1.7% as market participants exited th…
