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.
2,383 total articles
Wheat futures on the Chicago Board of Trade were set to open higher on Thursday, extending gains into a third straight session as traders reposition ahead of the July 4 federal holiday. Support came from a USDA acreage and stocks report that showed 2026 U.S. wheat plantings well below market expectations, as well as net export sales data, a large S…
The Baltic Exchange dry bulk freight index rose to its strongest level in over a week as gains in capesize vessel rates, supported by higher iron ore futures amid supply curbs affecting Fortescue shipments to select Chinese steel mills, pushed the main index higher. Panamax and supramax sectors saw smaller increases.
India's oil minister has urged an expansion of the country's oil and fuel storage capacity while crude prices are subdued, saying existing stocks provide 76 to 80 days of supply but that New Delhi "should have more." The minister also disclosed substantial revenue losses at state fuel retailers for the April-June quarter and emphasized bolstering b…
UBS has reduced its oil price forecasts for 2026 and 2027 after an interim U.S.-Iran memorandum of understanding signed on June 17 coincided with a quicker recovery in shipments through the Strait of Hormuz. The bank cut Brent and WTI estimates for both years, adjusted its inventory rebuild and supply-demand balances, and highlighted a range of ups…
The U.S. nonfarm payrolls report and its implications for policy and markets dominate the day, even as a notable sell-off in chip stocks rippled across global tech markets. While the broad S&P 500 showed resilience, the SOX semiconductor index slumped sharply, prompting declines in Asian chip and equipment makers. Other market-moving items include …
President Donald Trump’s drive to expand biodiesel and renewable diesel output and reward farm constituencies is confronting a supply shortfall: U.S. production is trailing the Environmental Protection Agency’s elevated 2026 Renewable Fuel Standard targets. The gap between mandates and actual output has raised RIN prices, depleted the RIN bank cush…
An Iranian military commander cautioned the United States and Israel against any attack on Iran as the country prepares state funeral processions for Supreme Leader Ayatollah Ali Khamenei, who was killed in airstrikes on the first day of the war. Officials announced a multi-day funeral schedule, heightened security measures and temporary airspace r…
European natural gas futures climbed for a second straight session, supported by an intensifying continental heatwave and renewed diplomatic friction between U.S. and Iranian officials that renewed worries about shipping through the Strait of Hormuz. Prices strengthened despite some temporary relief in global supply bottlenecks, while regional stor…
OCBC Group Research has reduced its quarterly Brent crude price projections through the second quarter of 2027, citing a pickup in shipping through the Strait of Hormuz that has renewed oversupply concerns. The bank also cut end-2026 forecasts for gold and silver, attributing the changes to shifts in real rates, dollar strength and Federal Reserve …
Fortescue Metals Group shares declined after Chinese authorities verbally instructed some domestic steelmakers to refuse deliveries of specific lower-grade products from the Australian miner. The measures, which apply to portside cargoes and take effect from July 15, occur amid active supply negotiations between Fortescue and China Mineral Resource…
Oil prices slipped in early trading after Qatar said indirect U.S.-Iran talks in Doha produced "positive progress" on issues tied to the Strait of Hormuz. Brent and U.S. crude fell more than 1% from recent session lows as tanker traffic began to recover, OPEC+ output plans signalled added supply, and U.S. stocks posted a draw smaller than analysts …
China Mineral Resources Group (CMRG) has verbally instructed certain domestic steel producers not to accept deliveries of Fortescue's lower-grade portside iron ore products from July 15, sources say. The action reflects Beijing's push to centralise iron ore procurement and comes while Fortescue continues talks with CMRG over supply terms. Fortescue…
Gold held steady in early Asian trading as investors awaited U.S. nonfarm payrolls for June. Spot bullion recovered from a brief dip below $4,000 an ounce but remained close to the weakest levels of the year after suffering its largest quarterly decline in 13 years. Fed commentary emphasizing a firm 2% inflation goal and ongoing inflation risks fro…
Oil prices declined as traders recalibrated expectations for Middle East supply risk amid reports of tentative progress in talks between Washington and Tehran, and evidence of steady flows through the Strait of Hormuz alongside record U.S. crude production. Market participants remain watchful for further diplomatic and shipping developments and upc…
The Nuclear Regulatory Commission has proposed eliminating the As Low as Reasonably Achievable (ALARA) radiation protection standard and replacing it with a graded, risk- and operations-based framework. The move, advanced amid executive directives to speed reactor permitting and expand U.S. nuclear capacity, is framed by the agency as a clarificati…
Germany’s foreign minister, Johann Wadephul, said there remain unresolved issues that must be settled before the European Union’s trade agreement with Mercosur can be ratified, but he expressed confidence the obstacles are manageable. His remarks followed a Mercosur summit in Paraguay focused on export quota distribution and came during a multi-day…
Crude oil prices slipped, with West Texas Intermediate hovering around $68 per barrel and edging closer to its pre-conflict trading band below $65. Options-market volatility has dropped, term structure has normalized, and speculative long positions in WTI fell to their lowest point since February as US-Iran talks progressed. Front-month options sti…
Preliminary figures from the Petroleum Planning and Analysis Cell of India's federal oil ministry show gasoline and diesel sales rose in June versus the same month a year earlier, while jet fuel and liquefied petroleum gas (LPG) volumes declined. The data highlights divergent demand patterns across transport and household fuel categories and notes …
An environmental group’s review of 74 proposed gas-fired power plants intended to supply data centers directly estimates these projects would produce 143 gigawatts of capacity and emit about 662 million tons of greenhouse gases annually - a scale comparable to the annual emissions of countries such as France or Australia. These so-called off-grid o…
The Energy Information Administration reported a 3.8 million-barrel drop in US crude oil inventories for the week ended June 26, underperforming analyst estimates. Gasoline inventories fell sharply, distillates rose contrary to expectations, and net crude imports increased, creating a mixed supply picture for refiners and fuel markets.
OPEC+ members are reported to be set to raise their production targets by roughly 188,000 barrels per day for August when they meet on Sunday. The prospective increase would match the quotas added for June and July, coming as the Strait of Hormuz slowly reopens and global oil prices have retreated to pre-war levels.
US Sugar #11 Futures climbed in pre-open trade, driven by India’s deficient monsoon rains, a year-on-year reduction in Brazil’s Center-South sugar production through May as more cane was diverted to ethanol, and a confirmed El Nino that forecasters say may curb rainfall across the world’s top producing regions. Several analysts have shifted 2026/27…
President Donald Trump told reporters that relations between the United States and Iran are improving and described recent meetings in Qatar as productive. He said the denuclearization process is progressing and confirmed that technical talks took place in Doha aimed at managing shipping through the Strait of Hormuz and establishing a lasting cease…
Saudi Aramco cut official selling prices for liquefied petroleum gas for July by 24% to 27%, while Algeria’s Sonatrach reduced its July LPG prices by 2% to 10%. The moves, which traders said reflected increased global supply, lowered propane and butane reference prices used across major regional markets.
Petrobras chief executive Magda Chambriard told reporters that oil prices seem to be settling in a $72 to $75 per barrel range, but cautioned that ongoing conflict in the Middle East means the market has not yet returned to normal. The state-controlled company announced a cut to diesel prices for distributors that Chambriard said already factors in…
