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
Two Democratic senators have formally requested that the U.S. Commodity Futures Trading Commission examine atypical trading activity in oil futures that occurred in the moments and hours before two public announcements by President Donald Trump concerning military operations and a ceasefire with Iran. The lawmakers say the timing and patterns of tr…
Analysts say the recent conflict involving Iran and strikes that began on February 28 have sharply reduced global oil output and constrained flows through the Strait of Hormuz, shifting the market from an anticipated 2026 surplus into an average annual supply shortfall. Poll respondents expect demand to exceed supply by roughly 750,000 barrels per …
Florida has recently paid well above the U.S. average for gasoline and diesel as the conflict between the U.S.-Israeli coalition and Iran disrupts flows through the Strait of Hormuz. With no in-state refineries or direct pipeline links from the U.S. Gulf Coast, the state must rely largely on barges for fuel delivered from Gulf Coast producers - a t…
Wall Street analysts present a mixed outlook for U.S. natural gas: prices have weakened in the near term following a mild winter, but long-term demand is expected to rise led by liquefied natural gas (LNG) exports and higher gas use for electricity generation, according to Morgan Stanley's report. Key macro data and energy price volatility are addi…
Saudi Arabia reported no immediate change in oil exports routed through the Red Sea after a drone strike damaged a pumping station on a major east-west pipeline. The attack reduced pipeline throughput by 700,000 barrels per day, but impacts at export terminals have not yet appeared as oil requires several days to transit the system. Authorities may…
European benchmark natural gas futures fell on Friday after Ukraine’s chief negotiator reported movement in talks with Russia and following a temporary U.S.-Iran ceasefire that eased recent supply fears tied to attacks on Qatari energy infrastructure. The Dutch TTF front-month contract dropped 4.4% to 44.25 euros per megawatt hour, while traders mo…
Germany's economy minister put forward targeted tax relief aimed at commuters and the logistics sector while rejecting a proposed energy windfall tax from the junior coalition partner. The disagreement has made public fissures between Chancellor Friedrich Merz's conservatives and finance minister Lars Klingbeil's Social Democrats as Germany grapple…
A last-minute, Pakistan-brokered two-week ceasefire briefly relieved markets, sending Brent and WTI from above $110 a barrel to below $100, boosting equities and government bonds and weakening the dollar. The truce quickly showed signs of strain after renewed attacks and disagreements over its scope, returning crude toward $100 a barrel and temperi…
British Prime Minister Keir Starmer said he and U.S. President Donald Trump discussed military capabilities and the logistics of moving vessels through the Strait of Hormuz following Starmer's visit to the Gulf. Starmer said a coalition of countries is being assembled and emphasized political and diplomatic work alongside operational planning, but …
The Kremlin said a visit to the United States by President Vladimir Putin’s special investment envoy does not signal a restart of negotiations on a settlement in Ukraine. Kremlin spokesman Dmitry Peskov characterized Kirill Dmitriev’s work as centered on economic issues, while President Putin announced a limited 32-hour ceasefire for Orthodox Easte…
As Peru enters the first round of its presidential election with more than 30 candidates and no clear frontrunner, the United States has escalated diplomatic and security engagement to reinforce ties with a major copper and critical minerals supplier that has deepened economic links with China. The effort, led by newly appointed U.S. ambassador Ber…
The Japanese government will release an additional 20 days' worth of oil reserves beginning in early May, a follow-up measure to a March drawdown intended to address supply uncertainty arising from the war in the Middle East. The March release amounted to roughly 50 days of supply and drew on a mix of government holdings, private sector stocks and …
Goldman Sachs says the 2022 energy crisis yields three clear lessons for interpreting the short- and long-term fallout from the 2026 Middle East war: lower-income economies are most exposed to price-driven supply squeezes; solar power benefits from an emphasis on localized energy security; and coal has resurged in some South and Southeast Asian mar…
President Volodymyr Zelenskiy warned that the coming spring and summer will be a testing period for Ukraine, with expected military pressure on the battlefield and diplomatic pressure to curb operations that affect Russian oil exports. Kyiv has been asked by unnamed partners to scale back strikes on Russia’s oil sector amid a global energy spike ti…
Gold eased in Asian trade on Friday after reaching near three-week highs, with spot prices down 0.4% to $4,744.50 an ounce by 22:30 ET (02:30 GMT) and U.S. futures off 1% at $4,764.67. Despite the pullback, bullion was positioned for a roughly 1.5% weekly advance — the third consecutive weekly gain — supported by a fragile U.S.-Iran ceasefire and a…
Japan's finance minister said private credit does not currently represent a major domestic problem, while acknowledging the global $2 trillion sector's strains could be discussed at next week's G7 finance meeting in Washington. Domestic regulators are checking private credit exposure at major financial institutions, and Japanese banks have increase…
A senior Russian diplomat told reporters in Havana that Moscow will not abandon Cuba and intends to expand its energy assistance beyond a recent delivery of crude oil. Sergei Ryabkov said Russia rejects U.S. pressure in the Western hemisphere and described Cuba's energy needs as a priority, while reiterating opposition to force and sanctions as eff…
Oil futures rose in early trading as attacks on Saudi energy assets and the continued effective shutdown of the Strait of Hormuz added a risk premium to markets. Prices climbed for both Brent and West Texas Intermediate amid fragile ceasefire progress and reports of substantial production and pipeline losses in Saudi Arabia, while analysts warn the…
Oil futures rose modestly in Asian trading as ongoing limits to tanker movements through the Strait of Hormuz and fragile diplomatic signals ahead of planned U.S.-Iran talks kept markets cautious. Brent and WTI both climbed on the session but remained on course for double-digit weekly declines after earlier swings tied to a brief ceasefire announce…
Saudi state media reported that recent assaults on the kingdom's energy infrastructure have curtailed crude production capacity by roughly 600,000 barrels per day and slashed throughput on the East-West pipeline by about 700,000 bpd. The strikes affected oilfields, a pumping station, refineries and processing plants across multiple regions, led to …
Peru heads to the polls with a record 35 presidential candidates and renewed bicameral congressional elections. About 27 million voters are eligible to cast ballots on April 12 as public anxiety over corruption and a surge in violent crime shape the campaign. Opinion polls show a narrow lead for right-wing candidate Keiko Fujimori, but no contender…
Chevron expects its upstream segment to record a $1.6 billion to $2.2 billion increase in earnings in the first quarter compared with the fourth quarter of 2025, citing a jump in oil and gas prices tied to volatility from the Iran war. Brent crude averaged $78.38 per barrel in Q1, and Chevron’s production is forecast to average 3.8 to 3.9 million b…
A tentative two-week ceasefire between the U.S. and Iran has produced conflicting interpretations from Washington and Tehran, leaving the Strait of Hormuz effectively closed and pressuring markets. Oil prices climbed above $98 a barrel before easing, equities retraced earlier gains, and traders awaited key U.S. inflation data and Fed meeting minute…
Opinion polls indicate Viktor Orban, who has governed Hungary since 2010 and drawn endorsements from both U.S. President Donald Trump and the Kremlin, may be defeated in a high-stakes election that many Hungarians view as a decision over the country’s future in Europe. A centre-right challenger led by former Orban ally Peter Magyar has capitalised …
Calculations based on preliminary production figures and prevailing oil prices indicate Russia’s mineral extraction tax on oil rose to roughly 700 billion roubles in April, about double March’s take. The increase follows a sharp surge in global oil prices after attacks on Iran that effectively shut the Strait of Hormuz, driving heightened demand fo…
