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.
2,681 total articles
European milling wheat prices rose modestly on Tuesday as traders assessed potential interruptions to Russian exports following ongoing drone attacks on vessels in the Sea of Azov. Shipping activity in the Azov Sea - which handles about a quarter of Russia's grain exports - remained constrained, and the Euronext September milling wheat contract clo…
Brent crude's front-month contract climbed to its largest premium over the sixth-month contract since June 10, reflecting renewed concerns about Middle East supply and shipping security after a recent escalation in U.S.-Iran hostilities. Middle East benchmarks shifted from discounts to premiums and tanker traffic through the Strait of Hormuz fell t…
Iran, having previously disrupted traffic through the Strait of Hormuz, is signaling the potential use of its Yemeni Houthi allies to threaten closure of the Bab el-Mandeb Strait that connects the Red Sea to the Gulf of Aden. Officials and analysts warn that such a move would widen the conflict, jeopardize two strategic maritime chokepoints for glo…
Russia accused Ukraine of terrorism after Kyiv-linked drone forces reported striking 11 Russian vessels in the Sea of Azov overnight, part of a nine-day run that Moscow says is disrupting commercial traffic along a corridor that handles a sizable share of grain exports. Industry sources reported several grain ships were hit and caught fire on July …
Commodities analytics firm Kpler reports Russian refinery crude runs have dropped to about 3.80 million barrels per day, the lowest level in 21 years, as damage from sustained Ukrainian drone strikes leaves roughly 4.3 million barrels per day of capacity either down for maintenance or attacked. The firm expects subdued operations through the third …
Oil prices jumped back above $80 a barrel after a renewed U.S. blockade of Iranian ports and renewed strikes in the Gulf slowed traffic through the Strait of Hormuz to a two-month low. The spike, along with elevated core inflation near 3% and investor attention on U.S. bank earnings and Fed testimony, has intensified market volatility and put furth…
European wholesale natural gas benchmarks advanced to their strongest levels in over a month after military escalation in the Middle East and a new U.S. transit fee raised alarms over liquefied natural gas (LNG) flows. The Dutch TTF front-month contract and British wholesale prices both registered multi-week gains as oil benchmarks rallied and curr…
A report from the BlueGreen Alliance finds that policy changes under the current administration have coincided with the delay or cancellation of 223 clean energy and manufacturing projects valued at $82.9 billion, putting 111,765 jobs on hold or lost. The analysis also flags broader exposure: over 3,000 additional projects face stricter tax credit …
A large forest fire near the Palace of Fontainebleau burned through the night, consuming some 1,300 hectares and prompting the evacuation of hundreds of residents. Interior Minister Laurent Nunez said the main blaze and a separate fire that began on Monday were not under control, and at least two people were arrested on suspicion of having started …
Iran's Islamic Revolutionary Guard Corps (IRGC) reported ballistic missile strikes on a U.S. air base in Jordan and urged Jordanians to dismantle American bases. Jordanian forces said they intercepted four missiles that entered Jordanian airspace from Iranian territory. The U.S. Central Command completed a five-hour set of strikes ordered by Presid…
Gold prices changed little on Tuesday as markets balanced rising geopolitical strain in the Middle East against signals from a Federal Reserve governor that higher interest rates may be needed if inflation proves broad-based. Spot gold dipped marginally while futures also edged lower, with investors awaiting June U.S. consumer price data and congre…
The United Arab Emirates Ministry of Defence reported that two Emirati oil tankers, the Mombasa and Al Bahiyah, were struck by Iranian cruise missiles in the southern lane of the Strait of Hormuz while in Omani territorial waters. One Indian crew member was killed and eight others injured. The Islamic Revolutionary Guard Corps issued a separate acc…
Oil prices climbed further in Asian trading after a near 10% spike in the previous session, following the U.S. announcement that it will reinstate a naval blockade on Iran and levy a 20% charge on cargo passing through the Strait of Hormuz. The move, accompanied by recent attacks and counterattacks in the Gulf region, has heightened investor concer…
Oil prices rose about 2% to four-week highs as U.S.-Iran exchanges in the Strait of Hormuz intensified. Attacks on tankers, a U.S. reinstatement of a naval blockade and consecutive nights of strikes have added fresh risk to supply outlooks, while preliminary inventory polling signaled a fall in U.S. crude stocks and mixed product trends.
President Donald Trump said on July 13 that the United States is striking Iranian capabilities related to the Strait of Hormuz while U.S. forces are reported to be launching fresh strikes. He also indicated that a negotiated settlement with Tehran has not been ruled out and raised the possibility that Iran may have drones in Cuba, which U.S. offici…
Corn futures on the Chicago Board of Trade rose on Monday, with session highs reaching levels not seen in more than a month. Traders cited tightening weather prospects for U.S. corn during a critical pollination period and a sharp rise in crude oil after U.S. statements about reinstating a naval blockade on Iran, which heightened concerns over ship…
Saudi Arabia said air defences intercepted ballistic missiles launched by Yemen’s Houthi movement toward the kingdom’s southern region following Houthi accusations that Riyadh struck Sanaa International Airport. The episode tested a 2022 truce between the two sides, as reports emerged that an International Committee of the Red Cross plane was being…
The U.S. House of Representatives will consider legislation this week to make daylight saving time permanent nationwide while a separate bill seeks to establish standard time year-round. The House Rules Committee will meet to consider amendments before the full chamber votes. Congress previously saw a unanimous Senate vote in March 2022 for permane…
Vessel movements through the Strait of Hormuz fell to their lowest level in roughly two months as renewed strikes between U.S. and Iranian forces and attacks on ships prompted operators to adopt cautious routing and switch off AIS signals. Satellite imagery and ship-tracking data show a decline in visible tanker transits, an uptick in ship-to-ship …
Commercial tanker traffic through the Strait of Hormuz fell on Monday to its lowest level in two months, with oil and gas tankers at their lowest count since May 25, according to shipping analytics. Industry warnings underline the potential market consequences if disruptions continue, while naval advisories report continued but reduced commercial m…
President Donald Trump told Fox & Friends that the United States would likely assume operational control of the Strait of Hormuz and should be paid for safeguarding the waterway. The comments come after Iran announced the strait would remain closed following an alleged unauthorized transit, and after recent missile and drone exchanges between U.S. …
The levelized cost of electricity (LCOE) for combined-cycle natural gas plants in the United States rose to $90 per megawatt-hour in 2026, the highest reported since at least 2009, Lazard Inc. said. Lazard also reported double-digit increases in solar and onshore wind LCOEs, and noted that growth in demand from new data centers is expected to push …
Brazil’s forecast record coffee output of 66.7 million 60-kg bags faces the risk of a significant reduction as El Niño-driven heat and uneven rainfall threaten yields and quality. The Brazilian Coffee Industry Association (Abic) says production could fall 15% to 20%, yet industry representatives note advances in irrigation and crop technology have …
A string of favorable rulings and regulatory actions has eased pressure on major pesticide producers. The U.S. Supreme Court restricted state-level failure-to-warn claims against Bayer over glyphosate, while the EPA and the U.S. Fish and Wildlife Service issued determinations that maintain availability of dicamba and atrazine under specific conditi…
A sharp escalation in missile and drone strikes between Iranian forces and U.S. military units has seen Tehran target facilities across Gulf states and declare the Strait of Hormuz closed. The exchanges have driven a notable rise in oil prices, raised questions about shipping through the strait, and put fresh strain on a short-term U.S.-Iran agreem…
