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
Goldman Sachs maintained its forecast that copper will average $12,650 per metric ton this year and left its projection of a 490,000-ton surplus in 2026 unchanged. The bank warned that continued shipping disruptions through the Strait of Hormuz and China’s ban on sulphuric acid exports from May 1 could tighten supplies of sulphuric acid, a critical…
Boston, April 21 - A federal judge in Boston has issued a preliminary injunction preventing the Trump administration from enforcing a set of permitting policies that industry and advocacy groups say have effectively stalled wind and solar project development across the United States. Plaintiffs argued a July Interior Department memorandum and relat…
European natural gas prices climbed on Tuesday amid uncertainty about whether talks between the U.S. and Iran will extend a temporary ceasefire. The Dutch front-month TTF contract rose 3.5% to 41.65 euros per MWh at 09:23 ET (13:23 GMT), according to Intercontinental Exchange data. Supply strains from the effective closure of the Strait of Hormuz a…
The International Energy Agency's executive director described the ongoing conflict involving Iran, the United States and Israel as the largest energy crisis in history, citing combined strains on oil and gas markets. Maritime bottlenecks in the Strait of Hormuz, which carries about one-fifth of global oil and liquefied natural gas flows, and the l…
In a televised interview, President Donald Trump said he did not want to extend the current ceasefire with Iran, asserting the United States holds a strong negotiating position and could secure a favorable deal. He reiterated that time was limited, noted that talks with Iran were expected to proceed in Pakistan with Tehran considering participation…
Shipping through the Strait of Hormuz was largely suspended on Tuesday, with just three ships recorded transiting in the preceding 24 hours, shipping trackers and satellite analysts said. The disruption follows a U.S. blockade of Iranian ports and Iran's imposition of its own restrictions on the strait, which ordinarily handles about one-fifth of g…
The European Commission will issue guidance to airlines on airport slots, anti-tankering, passenger rights and public service obligations should jet fuel supplies tighten amid the Iran war. Commissioners say there are no shortages currently, but a sustained blockade of the Strait of Hormuz would have catastrophic effects. The EU plans a new fuel ob…
Japan's prime minister and Mexico's president held a telephone discussion during which they committed to bolstering cooperation on energy amid global supply disruptions tied to the Iran war. The Japanese leader also proposed a structured dialogue covering economic security and sought Mexican help in creating a favourable operating environment for J…
Russia reduced crude output in April after sustained Ukrainian drone strikes on ports and refineries and a stoppage of crude flows through the last functioning pipeline to Europe. Five anonymous sources and calculations indicate the decline could be the steepest monthly fall since the COVID period, with estimates ranging from roughly 300,000-400,00…
Tech equities continued to absorb geopolitical strain this week, with AI-driven optimism and large strategic investments supporting gains across Asia even as the two-week U.S.-Iran ceasefire approaches expiry on Wednesday. Wall Street paused early in the week, but futures recovered and technology-led moves pushed markets in South Korea, Japan and T…
Governments across the globe have launched a variety of measures to protect households and critical industries from rising energy prices linked to the U.S.-Israeli war on Iran. Responses range from tax cuts and subsidies to export bans and mandates to boost domestic fuel output, with many nations prioritising household fuel availability, agricultur…
China's official mouthpiece suggested Beijing may condition energy support to the Philippines on Manila's conduct in hosting joint military exercises with the United States and allies. The commentary highlighted China’s stockpiles and recent export moves, criticised the Philippines for seeking emergency supplies while holding large-scale drills, an…
Three industry sources say Russia will cease forwarding Kazakh crude to Germany through the Druzhba pipeline starting May 1. The sources, who requested anonymity, reported that an updated export timetable has been issued to both Kazakhstan and Germany. The move comes against a backdrop of frayed political and commercial relations between Moscow and…
U.S. Trade Representative Jamieson Greer told Mexico’s automotive and steel industries that they should not expect a return to tariff-free trade as the U.S.-Mexico-Canada Agreement is reviewed. Greer indicated some tariffs will remain in place even as negotiators discuss strengthened rules of origin, technical talks on economic security and possibl…
Documents, court records and five sources with direct knowledge indicate that Virtus, the U.S. firm at the center of a high-profile acquisition of Chemaf’s assets, overstated its operational presence in the Democratic Republic of Congo. The company presented itself as operating a U.S.-owned copper-cobalt processing operation in Likasi, but evidence…
A sharp rise in crude oil prices following the U.S.-Israeli war on Iran has renewed focus on biofuels as countries seek to ease dependence on disrupted Middle East supplies. While fossil fuel shortages are making biofuels more attractive economically, concerns about food-price impacts and limits on rapid expansion remain.
The United States said it expects peace negotiations with Iran to proceed in Pakistan, and an Iranian official indicated Tehran was considering joining, though no final decision had been reached. A Pakistani source involved in planning said momentum was building for talks to restart on Wednesday and that U.S. President Donald Trump could attend in …
Gold edged lower in Asian trading as investors reacted to mixed signals about potential U.S.-Iran negotiations ahead of a ceasefire expiry later this week and awaited a Senate confirmation hearing for President Trump's Fed nominee Kevin Warsh. Spot gold dipped 0.3% to $4,807.75/oz while futures held near $4,827.39/oz. Other precious metals also pul…
Oil prices declined in early Asian trading as market participants weighed conflicting indications about possible additional U.S.-Iran negotiations before a fragile ceasefire ends later this week. Prices had jumped in the previous session after tensions rose following the capture of an Iranian vessel and Tehran's temporary closure of the Strait of H…
Peru's electoral authorities have begun public reviews of thousands of challenged polling stations, delaying the certification of results from the April 12 general election. With roughly 6% of polling stations - representing more than one million votes - flagged for inconsistencies or errors, the National Jury of Elections (JNE) is conducting heari…
Gulf Arab officials and analysts are increasingly concerned that upcoming U.S.-Iran negotiations, slated to resume in Islamabad, may prioritise limits on uranium enrichment and reopen the Strait of Hormuz without addressing Iran’s missile capabilities or proxy networks. That dynamic, they say, risks formalising Iran’s leverage over the waterway tha…
President Donald Trump rejected his energy chief's assessment that gasoline prices might not decline until 2027, asserting that U.S. motorists should see relief as soon as the conflict with Iran concludes. Energy Secretary Chris Wright had told CNN that sub-$3 per gallon gasoline "could happen later this year, that might not happen until next year,…
Mexico's president said the country is pursuing an early agreement on trade in steel, aluminum and automobiles before the formal review of the U.S.-Mexico-Canada trade pact. The comments were made as U.S. Trade Representative Jamieson Greer was in Mexico for talks. Officials say the outcome of the USMCA review could affect tariff exposure, with the…
U.S. forces boarded and seized the Iranian-flagged container ship Touska off Iran’s Chabahar port after alleging the crew ignored warnings and the vessel violated a U.S. blockade. Maritime security sources say the ship, part of the sanctioned IRISL fleet, likely carried items Washington classifies as dual-use following a voyage from Asia. Satellite…
The European Union has agreed to broaden the criteria for its Iran sanctions to include individuals and entities responsible for obstructing navigation through the Strait of Hormuz. The move follows an effective closure of the strait after U.S.-Israeli strikes on February 28, which cut off about one-fifth of global oil and liquefied natural gas sup…
