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.
2,687 total articles
At the conclusion of the G7 summit in Evian-les-Bains, President Donald Trump defended the United States' acceptance of a peace deal with Iran, saying he acted to prevent what he described as a potential economic catastrophe. The regional war that erupted after strikes on Iran has already driven up energy costs, intensified inflationary pressures a…
The U.S. Treasury did not publish an extension of a waiver on sanctions for Russian seaborne oil when it expired at midnight, and the administration has not said whether sanctions will be re-imposed. President Donald Trump said officials are monitoring oil prices and noted rising Middle Eastern flows after Washington and Tehran reached a memorandum…
U.S. crude inventories declined by 8.3 million barrels to 418.2 million barrels in the latest weekly report from the EIA, a larger draw than analysts anticipated. Refinery activity increased, while gasoline stocks edged down and distillates rose unexpectedly versus forecasts. The data highlights differences between market expectations and actual su…
Brazil's Finance Ministry executive secretary said that existing subsidies on diesel and gasoline can be withdrawn if crude oil prices settle around $80 per barrel amid signs of easing tensions in the Middle East. The ministry official tied potential policy changes to improvements in inflation expectations, recent moves in the currency and oil mark…
Several large tankers loaded with Iranian crude have transited past a U.S. naval enforcement line this week, signalling Iranian shipping is repositioning as a memorandum of understanding between Washington and Tehran nears formal signing. The movements come amid U.S. statements that its operations against Iran-linked shipping will remain in place u…
At the G7 summit in Evian-les-Bains, President Donald Trump said he had productive conversations with both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. Zelenskiy and European allies arrived at the lakeside meeting seeking to underscore recent battlefield gains attributed to Ukrainian drone operations deep inside Rus…
The U.S. Department of Commerce has granted SandboxAQ $500 million to develop new chemicals and materials for domestic semiconductor manufacturing. The contract, funded through CHIPS Act research allocations, focuses on substitutes for PFAS, catalysts for chip production, and magnets and batteries that avoid reliance on foreign rare earth supplies.…
Global equities held steady as markets prepared for Kevin Warsh’s first Federal Reserve policy meeting in his role as chair. Policymakers are widely expected to hold the federal funds rate steady, but investors are focused on Warsh’s vote and the tone of his remarks. Oil dipped below $80 a barrel after reports emerged of a U.S.-Iran memorandum of u…
European natural gas futures fell to their lowest levels in more than a month as new information from the U.S.-Iran peace deal led traders to dial back a conflict-driven premium. The Dutch front-month contract slipped to 41.4 euros per megawatt hour, while British gas dipped below 100 pence per therm to 98.69. The move reflects a broader market ass…
The International Energy Agency has revised down its near-term oil demand outlook following supply disruptions tied to the Gulf conflict. The agency projects a sharper decline in demand for 2026, a marked fall in global supply this year, and a gradual recovery of flows through the Strait of Hormuz to 8 million barrels per day by 2027, while noting …
At a summit in Evian-les-Bains, G7 leaders pledged continued support for Ukraine's territorial integrity and agreed to intensify pressure on Russia's war economy through strengthened sanctions, including measures targeting the oil and gas sectors. The leaders also welcomed an agreement between the United States and Iran and said they stand ready to…
Arabica coffee futures climbed sharply on ICE as traders covered short positions amid concerns over delayed harvesting in Brazil, a forming El Nino pattern and declining certified stock levels. Robusta and sugar contracts also moved higher, while dealers noted crude oil weakness earlier had weighed on the sugar market.
Hezbollah has said it expects Iran to make Israeli withdrawal from Lebanon a demand in the next round of U.S.-Iran negotiations that will follow formal signing of a memorandum of understanding. Iran’s foreign minister echoed that position, stating that continued Israeli occupation of Lebanese territory would be treated as a violation of the memoran…
The United States will allow Iran to begin selling oil and fuel immediately after signing a memorandum of understanding (MOU) intended to end the war, a senior U.S. official said. The waiver that permits such sales also includes services necessary to facilitate transactions - including banking, transportation and insurance - and becomes effective u…
Chinese electric vehicle maker BYD is boosting battery production inside Brazil as it seeks to increase local content to 50% by early 2027 and invest in large-scale energy storage to help the national grid. The company will expand production at its Camaçari plant in Bahia, add capacity for bus batteries, and weigh a new Battery Energy Storage Syste…
Oil futures plunged roughly 5% on Tuesday, with Brent and U.S. WTI marking their weakest intraday levels since early March, after reports that an interim U.S.-Iran agreement could allow oil flows through the Strait of Hormuz to resume. Traders pared risk premiums even as analysts warned implementation could take weeks and lingering political, econo…
QatarEnergy has signalled that liquefied natural gas production at intact facilities in Ras Laffan could be restored to full output within about a month. Iranian strikes damaged two of 14 LNG trains and one gas-to-liquids unit, removing 17% of Qatar's LNG export capacity, while stoppages at other sites were driven by the effective closure of the St…
A new Inter-American Development Bank report shows that in the first quarter of 2026 China was the fastest-growing buyer of goods from Latin America and the Caribbean, with exports to China up 25% year-on-year. Despite that acceleration, the United States remained the region's largest market, supported by close trade links with Mexico and Central A…
At the G7 summit in Évian-les-Bains, France, President Donald Trump told reporters the memorandum of understanding with Iran explicitly states Iran will not possess a nuclear weapon. He said he will release the memorandum text in a formal setting and indicated he will forward the broader Iran deal to Congress for review. Talks are set to proceed on…
The VDA automotive association said the European Parliament’s endorsement of the EU-US trade agreement provides important clarity for German carmakers, but persistent U.S. tariffs - especially on trucks and buses - continue to pose a major challenge. The group urged the European Council to move quickly to formally adopt the accord, citing risks to …
Global markets pared some of their initial gains after a preliminary U.S.-Iran memorandum, as investors waited for the agreement's text and proof it would meaningfully reopen tanker traffic through the Strait of Hormuz. Central bank policy moves - most notably the Bank of Japan's quarter-point rise to 1% and the Reserve Bank of Australia's decision…
U.S. and Mexican negotiators are meeting in Washington for a second round of talks focused on agriculture and energy as officials attempt to refresh the U.S.-Mexico-Canada Agreement. The closed-door sessions follow a prior round in Mexico City and precede a third round planned for late July. President Donald Trump has publicly questioned renewing t…
A Ukrainian drone caused a fire and damaged a facility at the Moscow region’s largest oil refinery, officials said, while Russian oil producer Tatneft imposed nationwide fuel purchase limits at its stations. Kyiv’s strikes on refineries have increased since early 2026, contributing to reduced oil processing and lower output of gasoline, diesel and …
European natural gas prices fell to levels not seen in over a month after U.S. President Donald Trump said Washington and Tehran had signed a preliminary agreement to end the war. The Dutch front-month and British contracts dropped to 44.23 EUR/MWh and 100.20 pence/therm respectively, as markets pared a geopolitical risk premium. Analysts caution t…
Since early May, the U.S. military has directed a clandestine ship-to-ship oil transfer operation off the coast of Fujairah in the UAE and off Sohar in Oman. Using aerial and maritime drones and helicopters to monitor and guide convoys, the operation has involved at least 92 vessels and repeated mass transfers to Very Large Crude Carriers (VLCCs), …
