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.
1,905 total articles
Macroeconomic strains linked to the Middle East conflict and stickier-than-expected inflation have interrupted a months-long advance in precious metals by resetting expectations for monetary policy. UBS Switzerland Chief Investment Officer Michael Bolliger says higher real yields have recently pressured gold, but institutional demand and an eventua…
Rosneft CEO Igor Sechin told delegates at the St. Petersburg International Economic Forum that the closure of the Strait of Hormuz has primarily advantaged U.S. energy companies, reshaped global energy market rules in Washington’s favor, and exposed strategic vulnerabilities that could extend to other major maritime chokepoints. He also warned that…
A federal lease auction for oil and gas rights in Alaska's Arctic National Wildlife Refuge yielded $3.7 million in winning bids across five tracts, with only two participants placing nine offers for roughly 70,000 acres. The sale, the initial round of four required under recently enacted federal law, highlights limited industry interest despite geo…
Russia’s state nuclear company Rosatom reported that a Ukrainian drone deliberately hit engineers clearing mines around the Russian-held Zaporizhzhia nuclear power plant, wounding multiple personnel at the outset of a ceasefire arranged by the IAEA to repair the facility’s external power lines. The IAEA has been informed and called for military res…
US energy companies increased the combined oil and natural gas rig count for a seventh straight week, the longest run of additions since May 2022, according to Baker Hughes. The total rose by one to 563 in the week ending June 5, with oil rigs up and gas rigs down. The tally is modestly higher than a year earlier and reflects an early indicator of …
A calf in La Pryor, Texas tested positive for screwworm, prompting a livestock quarantine, checkpoints and a USDA-led containment campaign that includes fly traps and releases of sterile flies. Ranchers and local officials voiced concern about preparedness, potential impacts on cattle and wildlife, and limited sterile-fly supplies as cattle futures…
Northwest European gasoline refining margins rose by $0.35 on Friday to $22.20 per barrel, supported by falling regional inventories. Market participants recorded several barge trades in both Eurobob E10 and E5 grades in Argus and Platts windows, while a Mediterranean cargo moved at a premium. Dutch consultancy Insights Global reported a 7% weekly …
The Electric Reliability Council of Texas (ERCOT) found that multiple large data centers and cryptocurrency mining operations failed critical voltage disturbance tests, disconnecting abruptly in simulations and raising concerns about grid stability ahead of peak summer demand. ERCOT examined about 20 gigawatts of prospective large customers, includ…
Lebanese President Joseph Aoun accused Iran of treating Lebanon as a bargaining chip in talks with the United States, saying citizens are paying the price as fighting between Hezbollah and Israel continues. Hezbollah rejected a U.S.-mediated ceasefire proposal that required the group to stop firing and withdraw from southern Lebanon, while Lebanon …
Diplomats say Washington is preparing a draft resolution to censure Iran at next week’s International Atomic Energy Agency Board of Governors meeting. The move comes while U.S. and Iranian officials negotiate an extension to their ceasefire and seek a path to broader talks that would include Iran’s nuclear program.
The U.S. Treasury has urged banks to identify and report identity theft, payroll fraud and related illicit conduct connected to individuals not permitted to work in the United States. The guidance, issued in coordination with several federal regulators and the IRS, follows a presidential executive order directing heightened oversight of non-citizen…
Negotiators face multiple hard points in talks to end the four-month war between the United States and Iran. Central questions include reopening the Strait of Hormuz, the future of Iran's nuclear programme and enriched uranium stocks, limits on ballistic missiles, the lifting of sanctions and release of frozen assets, and the inclusion of Israel's …
Planned maintenance at the Russkaya pumping station in Russia and receiving terminals in Turkey has interrupted gas deliveries via the TurkStream pipeline from June 2 through June 10, according to European transmission group ENTSOG and Bulgarian operator Bulgartransgaz. TurkStream is the sole operational route for Russian gas to Europe after the en…
European natural gas futures fell slightly on Friday but were still positioned for gains over the week as markets weighed persistent tensions in the Middle East against steady demand and increased liquefied natural gas send-out. Key diplomatic ruptures, combat activity in Lebanon and disruptions to tanker routes, including the effective closure of …
Goldman Sachs has upgraded its copper price forecasts after identifying a notably tighter market outside the United States. The bank attributes the shift to reduced global mine output, slower recoveries at major operations, limited scrap availability in China and continued heavy U.S. imports, which together push non-U.S. market balances into sizeab…
The Trump administration will hold an auction for oil and gas leases covering 689,000 acres of the Arctic National Wildlife Refuge (ANWR), offering 60 tracts and opening bids via livestream Friday. The sale is the first of four mandated under the One Big Beautiful Bill Act and highlights continuing tensions between efforts to expand domestic energy…
Global markets, buoyed by AI enthusiasm and hopes for a de-escalation in the Iran conflict, hit turbulence after a modest earnings miss from Broadcom triggered a sharp sell-off in chip stocks. The week featured major AI and capital markets moves, renewed energy-market anxiety around the Strait of Hormuz and mixed U.S. employment signals that compli…
Peru will hold a presidential runoff on June 7 between Roberto Sanchez and Keiko Fujimori following an April 12 first round marked by logistical disruptions and a protracted count. The election comes as Peru remains a leading copper producer and supplier of other critical minerals. Electoral authorities have taken steps to avoid repeat problems, wh…
Gold prices slipped in Asian trade as fading prospects for a U.S.-Iran peace accord lifted expectations for higher inflation and interest rates, bolstering the dollar. Spot gold and futures each fell about 0.8% as the market awaited U.S. nonfarm payrolls for May for further direction on the Federal Reserve's rate path. Other precious metals also de…
Oil prices ticked up in Asian trading after Hezbollah rejected a proposed ceasefire with Israel, a development that weakened prospects for a broader U.S.-Iran peace agreement. Brent and WTI rose modestly and were on track for weekly gains as military exchanges and disruptions to shipping through the Strait of Hormuz kept supplies constrained.
Oil prices were largely unchanged in early Asian trading after sharp losses a day earlier, as hopes for a rapid US-Iran-brokered resolution to fighting in the region dimmed. Market attention remains on supply risks around the Strait of Hormuz, OPEC demand projections and a decline in Iranian shipments, while analysts warn of tightening global inven…
Northwest European gasoline refining margins fell by $1.05 to $21.85 per barrel on Thursday, even as gasoline inventories in the Amsterdam-Rotterdam-Antwerp (ARA) hub declined. Market participants executed several barge and cargo trades, while ARA stocks dropped 7% to 1.03 million tons. Separately, Russian-controlled Crimea moved to tighten fuel ra…
Iran's crude oil and condensate exports plunged to their lowest level in at least six years in May, falling below 300,000 barrels per day and averaging about 209,000 bpd, according to shipping data compiled by Vortexa. The decline follows a U.S. naval blockade instituted on April 13 and has contributed to a tightening of global oil supply, with kno…
Kirill Dmitriev, President Vladimir Putin’s special envoy, said Russia and the United States remain in regular contact on economic and energy matters even as the formal Russia-Ukraine peace process is on hold. Dmitriev reported recent talks with U.S. interlocutors, reiterated the possibility of trilateral diplomacy when conditions allow, and stress…
Feeder cattle futures rose sharply after the U.S. Department of Agriculture confirmed a New World screwworm infection in a Texas calf, the first Texas detection since 1966. The announcement has put ranchers, processors and traders on guard for additional cases as authorities freeze animal movement near the site and assess the potential economic fal…
