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
The Environmental Protection Agency has finalized higher renewable fuel blending mandates for 2026 and 2027, directing refiners to blend more biofuels into gasoline and diesel. The move, which incorporates a portion of previously waived volumes, drew criticism from U.S. refiners who say it will lift pump prices already climbing amid the conflict in…
Canada’s minister of international trade said he aims to finalize a free-trade agreement with the Mercosur bloc by the autumn, accelerating negotiation timetables and holding frequent talks on the sidelines of the World Trade Organization ministerial in Yaounde. Bilateral discussions with Argentina, Paraguay, Brazil and Uruguay are under way, while…
At a G7 meeting in Vaux-de-Cernay, France on March 27, foreign ministers issued a joint statement calling for an immediate end to attacks on civilians and civilian infrastructure in the Iran war. They emphasized limiting the conflict's effects on regional partners, populations and critical systems, while urging restoration of safe, toll-free naviga…
Gulf Arab governments are pressing the United States to secure more than a cessation of hostilities with Iran. Officials and regional experts say any settlement must permanently degrade Iran’s missile and drone arsenal, constrain proxy operations that threaten shipping and energy infrastructure, and enshrine guarantees that the Strait of Hormuz wil…
Trade ministers gathered in Yaounde, Cameroon, remain committed to negotiating World Trade Organization reforms, but deep divisions persist, notably between the United States and India. Key sticking points include whether to adopt a detailed reform workplan, extension of an e-commerce moratorium, the inclusion of an Investment Facilitation for Deve…
A short message on Truth Social from the U.S. president briefly reversed large swaths of market pricing, sending oil sharply lower and lifting equities before gains faded. Subsequent extensions of an attack deadline and conflicting reports from mediators and Tehran left traders struggling to gauge the trajectory of the crisis, producing volatile mo…
Kremlin spokesman Dmitry Peskov said Russia does not intend to undermine U.S. business interests in the Caspian Pipeline Consortium (CPC), responding to suggestions from some Russian commentators that oil shipments from Kazakhstan via the CPC be halted in retaliation to U.S. sanctions. The CPC exports oil through a Russian Black Sea terminal near N…
Canada and the Mercosur trading bloc are making rapid progress toward a free-trade agreement, with officials and diplomats indicating a possible signing later this year following renewed negotiations and technical exchanges. Another negotiating round is scheduled for next month in Brasilia as governments intensify outreach to secure market access a…
U.S. farmers are signaling a move away from corn and spring wheat toward soybeans as higher fertilizer and fuel prices, along with subdued grain markets and trade uncertainty, cast doubt over crop profitability. Analysts' pre-report estimates point to a notable decline in corn acreage, the smallest spring wheat area since 1970, and a rebound in soy…
Russian Foreign Minister Sergei Lavrov told France Televisions that the United States is attempting to assume control of the Nord Stream gas pipelines in the Baltic Sea, which were severely damaged by explosions in September 2022. Lavrov linked the claim to broader U.S. efforts to influence global energy markets, but provided no supporting details.…
U.S. Secretary of State Marco Rubio called Kurdistan Regional Government Prime Minister Masrour Barzani to express gratitude for the KRG's role in enabling Iraqi oil, including from the Kurdistan region, to reach international markets. Rubio also offered condolences for Peshmerga fighters killed in an Iranian missile attack and wished a speedy reco…
Gold prices climbed in Asian trading after U.S. President Donald Trump said he would pause attacks on Iran’s energy infrastructure for 10 days and described negotiations as "going very well." Spot gold and U.S. futures rose on a slightly weaker dollar and reduced immediate safe-haven demand, even as bullion remains on course for a weekly decline.
Key leaders and senior Revolutionary Guards commanders in Iran were killed in U.S.-Israeli strikes after the conflict that began on February 28. Despite those losses, the Islamic Republic’s institutional design - a layered, resilient system built since the 1979 revolution - has retained the capacity to plan and execute strategy. The new supreme lea…
Oil prices eased in early trade after U.S. President Donald Trump announced a 10-day pause in planned strikes on Iranian energy plants and signaled progress in talks. Brent and U.S. West Texas Intermediate futures trimmed gains from the prior session, with broader market indicators pointing to reduced near-term risk expectations despite the ongoing…
Oil futures fell in Asian trading on Friday and were headed for a weekly drop as signs of de-escalation in the Middle East reduced the risk premium that had buoyed prices. Brent for May delivery and U.S. WTI both declined, with markets responding to a U.S. announcement of a temporary pause in strikes against Iranian energy infrastructure and cautio…
Mexican navy officials say a recent oil contamination along the Gulf of Mexico shoreline resulted from a combination of natural submarine seepage and petroleum discharged by a tanker that has not yet been identified. Navy chief Raymundo Morales cited satellite imagery and a list of 13 vessels that transited the affected area; four remain in Mexican…
U.S. consideration of a ground operation to capture Kharg Island could allow rapid control of a key oil-export facility, but experts warn the move would place American personnel in significant danger and may intensify and lengthen the conflict rather than produce a quick resolution. Military strikes have already hit the island, and Washington is we…
Major brokerages have raised their 2026 oil price forecasts after this month's surge in crude prompted by the U.S.-Israeli war with Iran. Macquarie notably revised its fiscal 2026 West Texas Intermediate (WTI) outlook to about $83 per barrel, from a previous $58 per barrel estimate, citing substantial supply disruptions tied to the Middle East conf…
Recent vessel movements through the Strait of Hormuz have increased over the past several days, aligning with U.S. President Donald Trump's statement that Iran allowed 10 oil tankers to pass as part of negotiations. Financial and commodity analysts note the rise is modest compared with normal traffic but is significant for markets monitoring signs …
President Volodymyr Zelenskiy says Ukraine has increased long-range strikes on Russian energy infrastructure to sustain pressure after international restraints on Moscow eased. Washington recently issued a 30-day waiver allowing countries to buy sanctioned Russian crude and products stranded at sea, a move criticised by some European partners. Ukra…
As electricity demand strains U.S. grids, technology firms are being pressed to adopt flexibility measures that allow data centers to reduce load during peak periods. Utilities, grid operators and investors are testing ways to temporarily shift or trim server workloads, use backup generation, or relocate energy-intensive processing across sites. Th…
U.S. government ministers argued that the recent jump in fuel costs tied to the war in Iran will be transient, pointing to record domestic production and policy steps to boost energy output. At the same time, oil industry leaders and foreign officials at the annual CERAWeek gathering said the global energy system is facing its most severe disruptio…
Turkey’s central bank reduced its gold holdings by roughly 60 tons, valued at more than $8 billion, across two consecutive reporting weeks after the outbreak of the war in Iran. Weekly central bank figures show a 6-ton decline in the week of March 13 and a 52.4-ton fall in the week of March 20. Officials and unnamed sources describe a mix of outrig…
Iran's embassy in Spain posted on X that it views Spain as committed to international law and would be receptive to any request from Madrid concerning transit through the Strait of Hormuz. The message follows a statement from Iran's Ministry of Foreign Affairs that said "non-hostile vessels" may transit the strait if they coordinate with Iranian au…
U.S. Special Envoy Steve Witkoff said Washington has transmitted a 15-point action list to Iran to serve as the framework for negotiations aimed at ending the ongoing conflict. Speaking at a White House cabinet meeting, Witkoff reported indications that Tehran might be receptive to a deal and confirmed that Pakistan is acting as a mediator. He emph…
