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.
333 total articles
Iran possesses one of the largest ballistic missile arsenals in the Middle East and has consistently treated that capability as off-limits in diplomatic talks. Recent combat in June 2025 against Israel and a range of tests and public displays underscore Tehran's emphasis on missiles as a deterrent and retaliatory tool. Analysts and Western agencies…
A group of senators plans to file legislation to reauthorize the U.S. Export-Import Bank for another decade and to add roughly $70 billion in capacity aimed at supporting the presidential administration's critical minerals priorities. The measure is being advanced with bipartisan sponsorship and includes a proposal to lift the agency's current lend…
People familiar with the matter say China plans to list yuan-denominated liquefied natural gas (LNG) futures contracts on the Shanghai Futures Exchange as soon as next month. The move is intended to give Chinese market participants a domestic price-discovery tool, encourage foreign participation onshore, and enable yuan-based financial products tie…
The United States and Iran are scheduled to hold talks in Oman after Tehran requested moving the meeting from Turkey to keep negotiations limited to its nuclear programme. Iran has insisted it will not discuss constraints on its ballistic missile arsenal, calling it a red line. The diplomatic contact follows a series of confrontations at sea and in…
The U.S. embassy in Cuba has issued an advisory to American citizens in the country, warning of an increase in government-sponsored protests targeting the United States, instances of U.S. citizens being denied entry upon arrival, and the risk of significant disruption from prolonged power outages and fuel shortages. The advisory follows Washington'…
Oil futures gave back some earlier gains after conflicting reports about whether nuclear talks between the United States and Iran were proceeding. Markets were also supported by industry data showing a substantial, surprise draw in U.S. crude inventories as extreme cold disrupted production and exports.
Oil futures extended gains as geopolitical incidents involving Iran and U.S. forces raised fears of heightened tensions in the Middle East, while industry data pointed to a sizable drop in U.S. crude stockpiles. Market participants weighed the potential for supply disruption through the Strait of Hormuz alongside signs of tighter U.S. inventories a…
Gold regained ground in early Asian trading as renewed U.S.-Iran tensions spurred safe-haven buying. Spot gold climbed toward the $5,000/oz mark and futures jumped above $5,000/oz, while other precious metals also advanced. Market attention remains divided between geopolitical risk and shifts in monetary policy expectations.
A coalition of former U.S. agriculture officials and the chair of the Senate Agriculture Committee have raised the alarm about mounting financial distress among American crop growers. They warn of the potential for a widespread collapse in the sector as farmers contend with higher input prices, export interruptions, labor cost pressures and deterio…
Mexico has pledged to deliver at least 350,000 acre-feet of water per year to the United States and to implement a plan to repay outstanding water debt from the prior cycle. The commitment, announced in a joint statement by U.S. officials, includes monthly bilateral meetings to manage deliveries, while Mexico stressed that final volumes will depend…
Maritime sources and a security consultancy reported that Iranian gunboats approached the U.S.-flagged tanker Stena Imperative in the Strait of Hormuz, ordered it to stop its engine and prepare to be boarded, and then the tanker accelerated and continued under escort by a U.S. warship. The incident occurred north of Oman inside the inbound Traffic …
Since a landmark $2 billion supply agreement between Caracas and Washington, U.S. Gulf Coast refiners have faced difficulty absorbing a rapid increase in Venezuelan crude flows. Traders and tanker tracking show rising volumes have outpaced immediate refining demand, driving heavier discounts for some Venezuelan grades, leaving cargoes held in stora…
The Trump administration is formalizing a recently announced trade understanding with India that cuts Indian tariffs on U.S. industrial goods to zero from 13.5% and lowers U.S. tariffs on most Indian products to 18% from 50%. U.S. Trade Representative Jamieson Greer said India will retain targeted agricultural protections and must follow its own po…
A government official said India has agreed to purchase a range of U.S. products - including petroleum, defence equipment, electronics, pharmaceuticals, telecom kit and aircraft - under a trade agreement announced by U.S. leaders. The deal includes tariff reductions and commitments on market access and is described as an initial tranche, with broad…
Oil futures rose after reports that a U.S. military action had downed an Iranian drone near a U.S. aircraft carrier, adding to earlier gains. Markets are also processing a new U.S.-India trade agreement and the scheduled resumption of U.S.-Iran nuclear discussions, while dollar moves have influenced commodity prices.
Oil futures rose roughly 2% after U.S. forces shot down an Iranian drone and a group of Iranian gunboats approached a U.S.-flagged tanker in the Strait of Hormuz, raising concerns that diplomatic efforts to reduce tensions could be disrupted. Prices were also influenced by estimates of a large weekly draw in U.S. crude inventories and wider geopoli…
A change in the European Commission's proposed regulation for new vehicles in 2035 - replacing a zero-emissions requirement with a 90% CO2 cut from 2021 levels - is likely to result in a large share of battery electric vehicle (BEV) sales but may also allow substantial continued sales of internal combustion and plug-in hybrid models, according to t…
Commodities plunged on Monday as a combination of U.S. political developments and easing geopolitical tensions prompted a broad selloff. The nomination of Kevin Warsh to lead the U.S. Federal Reserve, higher margin requirements on metal futures and signs of de-escalation between Washington and Tehran hit precious metals, crude oil and industrial me…
Mercuria Energy Group Ltd. is in discussions with Venezuela’s state oil company PDVSA about potential crude purchases following a temporary easing of U.S. sanctions, joining other major trading firms that have moved to secure Venezuelan supplies. The development comes as Venezuela seeks to rebuild output after a steep decline in production over the…
Recent oil-sector reforms in Venezuela, enacted after U.S. intervention last month, have prompted cautious optimism among PDVSA employees and retirees in and around Maracaibo and Ciudad Ojeda. While some expect higher output and improved pay if foreign investment returns, others warn expectations may be overstated. The package of reforms aims to cu…
Silver rocketed to an all-time peak of $121.6 on January 29 after an intense retail-led rally, then plunged more than a quarter the following day amid technical selling and stop-loss cascades - the biggest one-day decline in LSEG records going back to 1982. Prices extended losses into Monday, trading near $78 per ounce, and a number of analysts now…
Gold and silver have posted severe declines, with silver heading for its largest two-day fall since at least the 1980s and gold suffering its biggest single-day drop since 2013. Traders point to margin calls, momentum-driven selling and reduced U.S.-Iran tensions as drivers. The metals rout is coinciding with a near 5% fall in oil and pressure acro…
Gold and silver experienced a rapid and deep sell-off as higher margin requirements from the CME Group compounded liquidation that accelerated following the nomination of Kevin Warsh as the incoming Federal Reserve chair. Gold plunged from record highs earlier in the week, erasing most of its gains within two trading days, while silver fell even mo…
European natural gas benchmarks retreated sharply after forecasts showing milder weather eased fears about tight supplies. The Dutch TTF plunged over 11%, while U.S. gas futures for March delivery fell nearly 17%, reversing gains from last week that followed a major U.S. winter storm and firm demand in Europe and Asia.
BCA Research's MacroQuant quantitative asset-allocation and market-timing model recommends positioning for a softer U.S. dollar and increasing exposure to oil, copper and gold. The model remains modestly bearish on the greenback—pointing to negative price momentum, valuation pressure and unfavorable positioning—while turning decisively constructive…
