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.
1,016 total articles
Bank of America strategist Savita Subramanian says the fourth quarter marked the beginning of a sizeable rotation among asset managers from gold into oil. Positioning moved into Energy ahead of recent geopolitical strikes, driving sharp gains in oil and coinciding with cuts to gold and commodity-exposed Materials. Within equities, managers trimmed …
European Commission President Ursula von der Leyen said reducing the share of nuclear generation in Europe was a strategic error, arguing the shift left the bloc more exposed to volatile and costly fossil fuel imports. The Commission will offer a 200-million-euro guarantee for private investment in advanced nuclear technologies, funded from the EU …
Goldman Sachs' commodities team estimates that, absent the current Iran-related supply shock, the fair value for crude oil would sit in the low $60s per barrel. The bank's co-head of global commodities research, Daan Struyven, says that sustained disruptions to flows through the Strait of Hormuz could push fair-value Brent materially higher, with m…
Qatar has signaled a desire to deepen its defence partnership with the United States following Iranian missile and drone strikes that hit Qatari territory. While Doha continues to view its current agreements as a key deterrent, a government spokesperson said those arrangements should be reinforced to remain effective if the conflict escalates. The …
Bank of America's technical framework, as articulated by strategist Paul Ciana, views the recent Brent rally above $100 and spike to $119.50 as consistent with a short-term peak ahead of consolidation or correction. Nonetheless, the model still allows for headline-driven tail-risk outcomes of $134 and $150, although with lower probability after the…
Crude oil has seen extreme intraday swings this week, at times moving more than $30 per barrel and briefly reaching $120 before retreating below $100. The moves followed mixed signals from U.S. political remarks and Iranian responses, leaving markets jittery but not uniformly bearish. Global equities and bond markets reacted, U.S. futures steadied,…
Bernstein analyst Irene Himona calculates that oil would need to reach an FY26 annual average near $155 per barrel to recreate the same 5.2% oil burden that historically suppresses consumption. The firm frames recent Brent volatility as a war-driven price discovery process after the Iran conflict, with infrastructure attacks and an unprecedented cl…
Japan has indicated it will support a coordinated release of oil reserves by International Energy Agency members as the conflict in Iran threatens to raise energy import costs and weigh on global demand. Trade Minister Ryosei Akazawa said the measure could help stabilize international markets and that he will join an online meeting with G7 counterp…
G7 energy ministers assembled in Paris to discuss a possible coordinated release of oil reserves intended to calm markets, French Finance Minister Roland Lescure said. The meeting took place at the International Energy Agency at 1:45 p.m. local time, with many participants joining remotely. Lescure, speaking from the sidelines of a nuclear energy c…
Gabon has resumed talks with the International Monetary Fund as it seeks a loan to stabilise public finances and unlock investor funding. While an IMF-backed programme could shore up the Central African oil producer’s balance sheet and relieve pressure across the CEMAC region, concerns about weak statistical transparency, governance continuity and …
European natural gas benchmarks tumbled in early trading after President Trump said the war in Iran will end "very soon," prompting a sharp sell-off across the energy complex. The front-month Dutch TTF contract fell 15.6% to 47.68 euros per megawatt-hour as crude oil weakness pressured related markets. Despite the drop, Europe remains exposed becau…
Saudi Aramco has cautioned that prolonged disruption to shipping in the Strait of Hormuz tied to the Iran war would have 'catastrophic consequences' for global oil markets. CEO Amin Nasser highlighted low inventories and accelerated drawdowns while confirming a small, contained fire at the Ras Tanura refinery is being brought back online. Regional …
U.S. President Donald Trump spoke by phone with Russian President Vladimir Putin on March 10 in a conversation that covered the war in Iran, proposals for ending the Ukraine conflict and strains on global oil markets. The exchange occurred after Putin warned that the U.S.-Israeli attack on Iran had triggered a sharp rise in oil prices and raised th…
Gold strengthened in Asian trading after an erratic session, with markets focused on signs of de-escalation in the U.S.-Israel war with Iran and on possible oil supply disruptions. Despite the uptick, bullion stayed within a narrow range established over the past week as investors weighed safe-haven flows against inflation concerns and equity marke…
Oil futures dropped sharply after U.S. President Donald Trump expressed optimism that the Middle East conflict could end soon and diplomatic contacts suggested pathways toward a quick settlement. The retreat came after prices surged above $100 a barrel the previous session amid supply cuts by Gulf producers and heightened concerns about shipping di…
Oil prices eased in early Asian trading after a turbulent session the previous day. Markets pared sharp gains following U.S. President Donald Trump’s comments that an end to the Iran conflict may be near and his reference to measures that could mitigate crude supply disruption, including potential waivers on sanctioned oil sales.
Iran appears to be pursuing a deliberate strategy of endurance rather than decisive battlefield victory, using missiles, drones and strikes on energy infrastructure to raise costs for rivals and test U.S. political resolve. The Islamic Revolutionary Guards Corps (IRGC) has consolidated control of military and political levers, including elevating M…
A Reuters/Ipsos poll conducted over four days and closing on Monday finds most Americans anticipate higher gasoline prices over the next year following U.S. and Israeli strikes on Iran. The survey also indicates broad expectations that U.S. military involvement will be prolonged, low public approval of the strikes, and concerns about negative effec…
Speaking at a press event at his Florida golf club, the U.S. president said he had a "very good call" with Russian President Vladimir Putin about the war in Ukraine and the conflict involving Iran. Trump quoted Putin as wanting to be "helpful" on Iran and urged that resolving the Russia-Ukraine war would be a way to assist. A foreign policy aide to…
At a March 9 news conference in Doral, Florida, President Donald Trump said the United States is waiving certain oil-related sanctions to ensure adequate oil supply and reduce prices. He said oil prices have not surged as much as he had feared and that some sanctions will be lifted "till the Strait (of Hormuz) is up." The administration also issued…
Venezuela's acting administration has forwarded a draft mining regulation to the ruling-party controlled national assembly that would replace the 1999 framework, permit domestic and foreign firms to extract gold, diamonds and rare earths, extend concession terms from 20 to 30 years, and establish international arbitration for disputes. The proposal…
The U.S. is exploring a coordinated release of oil from the Strategic Petroleum Reserve with other countries as global prices spike amid the ongoing war on Iran, Energy Secretary Chris Wright said. Washington is also considering further measures to permit sales of Russian crude stranded on tankers in Asia, while declining to impose export restricti…
Higher global oil prices following U.S.-Israeli attacks on Iran are driving up diesel costs in Brazil, presenting a near-term squeeze for producers moving a record soybean crop and completing second-season corn planting. With roughly 30% of diesel imported and demand at peak seasonal levels, agricultural groups warn that rising pump prices and loca…
Oil prices jumped to levels unseen since 2022 after military action involving Iran disrupted shipping and production in the Middle East. Despite spot crude advances exceeding 40% since late February, shares of large integrated oil companies have posted only modest gains, while U.S. shale names have seen stronger rallies. Market participants point t…
U.S. officials are reviewing a menu of policy options aimed at easing a sharp rise in crude and fuel prices tied to the expanding U.S.-Israel war with Iran. Possibilities under consideration include releasing barrels from the Strategic Petroleum Reserve, offering reinsurance for tankers transiting the Strait of Hormuz, temporary tax or regulatory r…
