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
Recent U.S. and Israeli strikes on Iran have escalated tensions across the Middle East, producing signs of disruption to tanker movements through the Strait of Hormuz. Strategists warn that further escalation - particularly actions by the Islamic Revolutionary Guard Corps - could materially lift oil prices and limit the effectiveness of global spar…
OPEC+ is set to discuss a larger-than-anticipated oil production increase at a Sunday meeting after shipping through the Strait of Hormuz stopped following warnings from Iran. Market participants say only Saudi Arabia and the UAE have meaningful spare capacity, limiting how much the group can offset the disruption, while oil prices have jumped to $…
Loud blasts reverberated across Dubai and Doha on March 1 as Iran’s retaliatory strikes, which it said would target U.S. bases, widened to include a range of targets across Gulf cities. Interceptions of missiles and drones produced falling debris that injured two people in Dubai and caused damage to major infrastructure and landmarks, while Qatar r…
Missile strikes launched by Iran over Gulf territories produced massive blasts and visible fireballs, striking population centres and prompting unease among Gulf governments that their states are now directly threatened. Analysts and regional figures say the attacks are intended to demonstrate Tehran's ability to strike U.S. allies in the region an…
Multiple tanker owners, major oil companies and trading houses have suspended shipments of crude oil, refined fuels and liquefied natural gas through the Strait of Hormuz after strikes by the U.S. and Israel on Iran and Tehran's announcement that navigation was closed. Vessels are clustered near ports such as Fujairah in the UAE; warnings and advis…
On Feb. 28 in Berlin, the leaders of France, Germany and Britain issued a joint condemnation of Iranian attacks on regional countries, urging Tehran to halt indiscriminate military strikes and resume negotiations. The statement demanded that Iran curb its nuclear and ballistic missile activities, cease destabilizing behavior and end violence and re…
The Mexican government’s killing of Nemesio Oseguera, known as El Mencho, marked a significant operational success. Security officials from both countries say it did little to degrade the Jalisco New Generation Cartel’s essential U.S.-based infrastructure: channels that supply weapons, traffic fuel and launder proceeds. Mexican authorities and U.S.…
The United States and Israel launched strikes on Iran on Feb 28, prompting missile launches by Tehran toward Israel. Iran possesses the largest ballistic missile stockpile in the Middle East and maintains a variety of systems with ranges Iran says are sufficient to defend the country. The arsenal includes medium- and long-range missiles, undergroun…
President Luis Abinader announced preliminary findings indicating the Dominican Republic may hold gross rare earth deposits exceeding 150 million tons. The government says the deposits include 17 distinct metals relevant to semiconductors, aerospace and military applications. Officials aim to complete deposit assessments this year and certify reser…
Avian influenza has killed 7.4 million chickens in Pennsylvania over the past month, part of a U.S. outbreak that began four years ago and has led to the loss of 196 million birds nationwide. State officials and veterinarians point to an unusually cold winter and the presence of wild waterfowl, including snow geese, that wintered in Pennsylvania as…
U.S. crude oil production declined for the second month in a row in December, slipping to its lowest level since June, while overall petroleum consumption rose to a multi-month peak, according to Energy Information Administration data. At the same time, natural gas production in the Lower 48 reached a new record.
Mexico's state energy firm recorded a net loss of 155.23 million pesos in the fourth quarter and reported fourth-quarter revenues of 362.45 billion pesos. Production and refining volumes fell short of government targets, while the company carried $85.2 billion in financial debt at quarter-end and received 395.3 billion pesos in government support d…
The U.S. Justice Department has filed a complaint to forfeit the Motor Tanker Skipper and about 1.8 million barrels of crude supplied by Venezuela’s state oil company PDVSA, accusing the vessel and its operators of a sanctions-evasion scheme tied to Iran’s Islamic Revolutionary Guard Corps dating back to 2021.
Investor anxiety about the economic effects of artificial intelligence took center stage this week, prompted by a detailed doomsday post and amplified by volatile headlines across tech earnings, energy markets and geopolitics. While some signals - including a fresh round of Anthropic plug-ins and another strong quarterly report from Nvidia - pointe…
On Feb 27, regional authorities reported that around 50,000 people in the Russian border city of Belgorod were left without electricity after Ukrainian missiles struck overnight. Officials said about half of those affected were expected to be reconnected by the end of the day. Local leaders described serious damage to energy systems and disruptions…
Investment research firm Bernstein has increased its long-term projections for gold, pointing to persistent institutional appetite from central banks and exchange-traded funds, together with an anticipated shift in U.S. monetary policy, as key drivers. The firm now models gold at $4,800 per ounce in 2026 and $6,100 by 2030 and has adjusted its view…
UBS has increased its copper price forecasts by $500 per metric ton across all time frames and now sees copper reaching $15,000 per metric ton by the end of March 2027. The bank remains constructive on the metal, citing a widened 2026 supply deficit and recommending investors hold long positions. Near-term momentum has slowed, with seasonal factors…
Gold steadied in Asian trading and was set for a strong February after investors sought safety amid rising geopolitical tensions and uncertainty about global growth. Bullion has recovered much of late-January losses as traders reacted to U.S. trade policy disruptions and heightened concerns over the outlook for the world’s biggest economies. Other …
Oil futures weakened in Asian trade after the United States and Iran agreed to extend discussions over Tehran’s nuclear programme and set technical-level talks next week. Market attention also turned to a planned ramp-up in Venezuelan crude sales under a recent U.S.-Venezuela supply agreement, a development that could add to global supply and weigh…
Oil prices declined on Friday, with Brent and WTI both down after the United States and Iran extended indirect talks over Iran's nuclear programme. The prospect of reduced immediate risk of conflict following mediator comments that progress had been made weighed on prices, reversing an earlier intraday gain tied to media reports of stalled discussi…
U.S. Energy Secretary Chris Wright said sales under the flagship U.S.-Venezuela oil supply agreement are expected to total about $2 billion by the end of February. Since U.S. forces took control of Venezuela's oil exports in early January, proceeds have been routed to a U.S.-supervised fund in Qatar while trading houses and PDVSA partners move volu…
Venezuela's oil ministry has placed 19 production-sharing contracts signed under President Nicolas Maduro on suspension, four sources with knowledge of the matter said. The pause has not reduced oil or gas production so far, as state oil company PDVSA continues to market the crude produced under those agreements. Both Venezuelan and U.S. authoritie…
Canada is pressing the United States to scale back or eliminate tariffs affecting steel, aluminium and automobiles, and Ottawa says such concessions could be implemented through bilateral sector-specific agreements negotiated alongside a review of the United States-Mexico-Canada Agreement (USMCA). Dominic LeBlanc, the minister responsible for Canad…
The European Union has demanded the United States uphold the terms of the Turnberry agreement after the U.S. Supreme Court struck down the legal basis for the broad 15% tariff that had been applied to most EU exports. The Trump administration has replaced that levy with a new across-the-board import surcharge collected at 10% and working to raise i…
Ivory Coast and Ghana, which together produce about half of the world's cocoa, face a sales and payment crisis driven by large global harvests, sharply lower futures prices and weaker demand from chocolate makers. Their regulated systems - which set fixed farmer prices based on advance sales - have left farmers unpaid and stocks building up as inte…
