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
The U.S. government has agreed to alter sanctions on Venezuela so the Venezuelan state can pay for the legal defense of Nicolás Maduro, who, along with his wife Cilia Flores, was transferred to New York to face criminal charges. The move addresses a constitutional challenge raised in federal court that argued sanctions interference deprived Maduro …
On April 25 a drone struck a multi-storey residential building in Yekaterinburg, the Sverdlovsk regional governor said, marking the first reported attack on the city since the start of the Russia-Ukraine conflict. There were no fatalities; several people sustained minor injuries and one woman was hospitalised. Authorities evacuated residents and em…
Prime Minister Mark Carney said U.S. President Donald Trump has not used language suggesting Canada must pay an "entry fee" before a scheduled review of the United States-Mexico-Canada Agreement can begin. Canadian officials remain skeptical the review will conclude by the July 1 deadline amid unresolved tariff disputes and insist all outstanding i…
U.S. crude, refined products and LNG exports have risen sharply as markets seek alternatives to supply disrupted by conflict around the Strait of Hormuz and damage in Qatar. U.S. Energy Information Administration data show total crude and petroleum product exports reached a record 12.9 million barrels per day last week. Rising tanker traffic to the…
Federal investigators carried out a criminal search at the Houston offices of Ikon Midstream this week, executing a search warrant that targeted computers and documents as part of an ongoing probe connected to diesel shipments that ultimately reached Mexico. U.S. and Mexican authorities have separately expanded inquiries into cross-border fuel ship…
Russian Foreign Minister Sergei Lavrov told state television that the United States has abandoned established diplomatic norms and is pursuing its own interests, particularly to dominate global energy markets. In remarks posted on the Foreign Ministry website, Lavrov criticised U.S. conduct in Latin America and the Middle East, referenced alleged U…
U.S. oil and natural gas drilling activity rose by a single rig in the week to April 24, reversing three consecutive weeks of declines, according to Baker Hughes. The total active rig count reached 544, up from the prior week but still down year-on-year. Oil rigs fell while gas rigs posted gains, reflecting divergent trends within the industry.
Major oilfield services providers SLB and Baker Hughes said firms are likely to boost spending on exploration and production after disruptions tied to the U.S.-Israeli war with Iran reduced global flows and focused attention on energy security. Company executives and industry analysts expect demand for drilling and related services to pick up, with…
The State Department's chief legal officer has argued that the U.S.-led bombing campaign against Iran constitutes an act of self-defense and collective defense of Israel, describing the strikes as an extension of an ongoing conflict rather than the start of a new war. The legal rationale was made public days before a May 1 deadline under the 1973 W…
Trade groups representing ethanol producers, farmers and convenience retailers are urging lawmakers to approve a Farm Bill amendment that would permit, but not require, sellers to offer E15 gasoline across the country throughout the year. Supporters say the move could increase options at the pump and help blunt recent price spikes linked to disrupt…
The United States and the European Union formalized a memorandum of understanding to cooperate on producing and securing critical minerals, and unveiled an action plan to coordinate trade policies aimed at countering non-market practices that have distorted critical minerals supply chains. Officials said the effort is intended to diversify supply s…
European Union governments have resolved to continue advocating for a global price on CO2 emissions from shipping at upcoming International Maritime Organization (IMO) negotiations, a move likely to reignite tensions with the United States. The EU negotiating mandate instructs member states to resist efforts to remove climate measures from the agen…
U.S. Secretary of State Marco Rubio and European Union Trade Commissioner Maros Sefcovic signed a memorandum of understanding to create a cooperative framework on production and security of critical minerals. The agreement reflects heightened attention among Western allies to supply chain vulnerabilities and the economic importance of these resourc…
The United States and the European Union released an action plan to align trade policies and tools governing critical minerals supply chains, with the stated objective of negotiating a binding plurilateral accord at a later date. The plan does not name any country directly, but officials framed it as part of a wider effort under the Trump administr…
Colombian President Gustavo Petro will travel to Caracas to meet Venezuelan Vice President-turned-leader Delcy Rodriguez for talks centered on security along their shared border. The visit follows recent ministerial exchanges and comes as both leaders face pressure from U.S. President Donald Trump. Discussions are expected to touch on longstanding …
A Netherlands-based chemicals distributor majority-owned by U.S. private equity investor Advent International is the focus of a Brazilian criminal inquiry into allegations that large volumes of methanol it supplied were diverted into a fuel fraud network run by the First Capital Command (PCC). Prosecutors and the national fuel regulator have opened…
Revolut said it will wind down its commodities product for a subset of European customers, providing a 60-day window for affected users to sell holdings in gold, silver, platinum and palladium. The company did not disclose which countries are affected or the rationale for the change, and said other products are unaffected.
Canada has approved a C$4 billion expansion of Enbridge’s Westcoast natural gas pipeline system in British Columbia. The Sunrise Expansion Program will add roughly 300 million cubic feet per day of capacity, involve construction of new pipeline segments and compression upgrades, and is slated to begin construction in July 2026 with a late-2028 in-s…
Eni officials signalled that the recent crisis in the Middle East is likely to have only a small effect on the company's oil production and cash flow. The firm reaffirmed its commitment to fuel deliveries, outlined a debt deconsolidation for its Plenitude unit and flagged stronger near-term performance from its chemicals arm, while noting ongoing e…
Thousands of seafarers, including hundreds from India, remain trapped in and around the Strait of Hormuz after fighting in Iran interrupted shipping. Crew members report limited food, repeated explosions, and an inability to leave because of a naval blockade and shipping companies unwilling to authorize costly repatriation flights. Indian authoriti…
Brazil's Industry Minister Marcio Elias Rosa said the federal government sees no justification for creating a state-owned firm to handle critical minerals and declared a cooperation agreement signed between the state of Goias and the Trump administration constitutionally flawed. Rosa argued existing regulation provides incentives for the sector and…
Russia said it stands with Cuba and will keep supplying humanitarian aid, denouncing what the Russian Foreign Ministry called targeted pressure and attempts by Washington to interfere in Cuba’s internal affairs. The statement follows a controversial delivery of Russian Urals crude to Matanzas Bay earlier this year, which Moscow says was allowed by …
The Trump administration approved a 90-day extension of a Jones Act waiver to allow foreign-flagged ships to move oil, fuel and fertilizer between U.S. ports, a measure officials say aims to restrain rising energy costs tied to the war with Iran. The waiver, confirmed by a White House spokeswoman, adds roughly three months to the authorization that…
Front-month Dutch natural gas futures rose modestly as traders weighed continued disruptions around the Strait of Hormuz, stalled diplomacy in Lebanon and measures affecting Iranian ports. Supply pressure from Gulf incidents and lower expected wind output in Europe combined with an Australian LNG facility strike risk to keep markets tight.
Shipping data for Friday show only five vessels transited the Strait of Hormuz in the previous 24 hours, including an Iranian-flagged oil products tanker subject to U.S. sanctions. The limited movement follows Iran’s seizure of two container ships and a continuing U.S. blockade of Iranian ports, and comes amid reports that a fifth of global oil and…
