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.
1,906 total articles
Global wine exports and consumption fell in 2025 as U.S. tariffs, softer demand and climatic pressures combined to tighten the market. Exports declined in both volume and value while global consumption reached its lowest level in over six decades. The International Organisation of Vine and Wine (OIV) highlights adaptation efforts including wine tou…
On May 12 the U.S. Department of Energy’s statistical arm said it is assuming the Strait of Hormuz will be effectively closed through late May, with maritime traffic resuming gradually afterward. The Energy Information Administration raised its forecast for U.S. retail gasoline prices to $3.88 a gallon for the year and warned that global oil invent…
Peru's initial round of presidential voting in April remains unresolved as electoral officials report 99.76% of ballots counted. Conservative Keiko Fujimori leads with 17.17% of the vote, followed by leftist Roberto Sanchez at 12.00% and ultra-conservative Rafael Lopez Aliaga at 11.91%. The final official result is due by May 15, and a runoff betwe…
Copper futures rose 1.43% in morning trading, reaching $6.553 and touching a session peak of $6.555, moving close to the 52-week high of $6.583. Traders pointed to a tightening supply backdrop driven by suspended sulphur and sulphuric acid exports from the Middle East, falling Chilean output, and a delayed full restart at Grasberg. On the demand si…
U.S. President Donald Trump and Chinese President Xi Jinping will meet at Beijing’s Temple of Heaven, a ceremonial imperial site, where agriculture and a limited set of trade deals - notably soybeans, meat and Boeing aircraft - are expected to top the agenda. The location offers Xi an opportunity to showcase China’s historical continuity, while U.S…
European natural gas prices climbed on Tuesday, mirroring a rebound in oil, after expectations of a near-term ceasefire between Washington and Tehran weakened. Prices at the Dutch TTF and Britain’s June contract rose as comments from U.S. President Donald Trump and reports of potential renewed military action increased uncertainty around crude flow…
A senior Pentagon official told lawmakers the United States’ military campaign in Iran has cost $29 billion so far, up $4 billion from a late-April estimate. The comptroller’s office cited updated repair and replacement of equipment and operational costs, while Pentagon leaders said they continue to review the estimate. Questions remain about how t…
HSBC has raised its 2026 average Brent crude forecast to $95 per barrel, pointing to an extended effective closure of the Strait of Hormuz. In a note dated May 6, the bank said it expects transit and Gulf production to begin a gradual restart from mid-June, with near-normal system-level output and flows restored by the end of the third quarter of 2…
Premiums for Russia's Urals crude destined for Indian ports have fallen for June delivery as refiners cut back purchases in response to weakening refining margins. The margin-driven pullback has trimmed Urals' premium to Brent to $2-$4 a barrel from $6-$7 for May cargoes, while similar softening is visible for Russia's ESPO Blend shipments to China…
The Kremlin has reiterated Russian President Vladimir Putin’s recent comment that the conflict in Ukraine is drawing to a close, citing groundwork toward a peace process. Kyiv, however, including President Volodymyr Zelenskiy, has expressed scepticism about Moscow’s intentions, and fighting continued despite a short U.S.-mediated ceasefire.
A reportedly fragile ceasefire between Iran and its adversary is unnerving markets, sending Brent crude back toward $107 per barrel and lifting year-end oil futures above $90, while equity gains falter and bond markets brace for key Treasury auctions amid a forecasted pickup in U.S. inflation to 3.7% year-on-year for April.
Norway now expects 721.1 billion crowns ($78.71 billion) in state revenue from oil and gas production for the year, up from an earlier projection of 557.4 billion crowns. The minority Labour government said the increase stems from elevated energy prices amid the Iran war and that the additional proceeds will be transferred to the country's $2.2 tri…
As U.S. and Chinese leaders prepare to meet in Beijing, several energy and agricultural transactions that U.S. officials expect to discuss remain subject to Chinese tariffs. This article lists the current tariffs China applies to major U.S. exports, specifying how each rate is composed and identifying areas where additional levies or quota mechanis…
U.S. President Donald Trump will visit Beijing for a two-day summit with President Xi Jinping on May 14-15. U.S. officials say part of the agenda could include a deal for China to increase purchases of U.S. energy. Tariffs imposed during the U.S.-China trade war effectively halted most Chinese imports of U.S. oil and liquefied natural gas (LNG), th…
U.S. Secretary of State Marco Rubio held individual phone calls with Australian Foreign Minister Penny Wong and British Foreign Secretary Yvette Cooper to talk about Iran and efforts to restore freedom of navigation through the Strait of Hormuz, the State Department said. The discussions come amid what the State Department described as a virtual cl…
Gold traded largely unchanged in Asian hours as markets weighed a tenuous ceasefire between the U.S. and Iran, the prospect of a high-profile meeting between Donald Trump and Xi Jinping, and imminent U.S. inflation data. Oil's elevated price and a firmer dollar constrained bullion gains, while other precious metals showed mixed moves.
Oil futures rose in early Asian trading after a day of strong gains, as fragile negotiations between the United States and Iran left supply concerns unresolved. Brent and U.S. West Texas Intermediate both increased modestly, while market participants weighed restricted flows through the Strait of Hormuz, planned U.S. loans from the Strategic Petrol…
Oil prices were largely steady in Asian trade following a near 3% rise in the prior session, as U.S. President Donald Trump said the ceasefire with Iran was “on life support,” raising fresh concerns about the durability of the truce and implications for global supply routes such as the Strait of Hormuz.
Maryland Governor Wes Moore pressed for reforms to PJM Interconnection, proposing long-term fixed-price contracts and a requirement that data centers contribute to the expensive infrastructure needed to serve them. The call comes as demand from large server facilities has outpaced new supply across PJM's 13-state footprint, sending capacity payment…
The U.S. announced a loan of 53.3 million barrels of crude from the Strategic Petroleum Reserve to energy companies to help steady markets disturbed by the U.S.-Israeli conflict with Iran. Nine firms borrowed about 58% of 92.5 million barrels offered; the Department of Energy aims to release 172 million barrels as part of a broader IEA coordination…
A Reuters/Ipsos nationwide online poll completed on Monday finds about 66% of U.S. adults believe President Donald Trump has not clearly outlined the objectives of U.S. military involvement in Iran. The four-day survey also records growing household financial stress from higher gasoline costs and a modest rise in presidential approval to 36%.
President Donald Trump on Monday described the ceasefire with Iran as 'on life support' after rejecting Tehran's response to a U.S. proposal to reopen negotiations. Iran's reply pressed for a comprehensive end to hostilities, compensation, and removal of sanctions while asserting control over the Strait of Hormuz. Trump also asserted that Iran woul…
President Donald Trump said he favors pausing the 18 cent federal gasoline tax for a limited time and allowing it to be phased back in once pump prices fall. He also said a bailout for airlines had not been formally presented and that carriers were "doing not badly", even as U.S. gasoline prices remain elevated following the start of the Iran war.
US Cocoa Futures jumped 11.11% in morning trade, hitting a session high of 4,709.5 before trading at 4,646.5, after a weakening US Dollar Index set off intense technical short covering. Large speculative short positions held by New York funds, a revised forecast of a much smaller 2026/27 global surplus from StoneX, financial stress at Ghana’s state…
OPEC's crude production fell by 830,000 barrels per day in April to 20.04 million bpd, the lowest level recorded since at least 2000 when excluding membership changes. The decline occurred amid a closure of the Strait of Hormuz linked to the U.S.-Israeli conflict with Iran, which curtailed exports and prevented planned production increases by membe…
