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.
1,015 total articles
After a dramatic spike to a record intraday high at the end of January and an abrupt one-day drop, UBS strategists say the drivers behind gold's rally remain intact. The bank highlights ongoing central bank and ETF purchases and expects two U.S. rate cuts this year, forecasting a mid-year peak of $6,200 per ounce before year-end consolidation.
The National Energy Dominance Council will stage the inaugural Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo on March 14 and 15, with senior U.S. cabinet officials and business leaders from multiple sectors attending to focus on energy security matters among nearly a dozen Indo-Pacific countries.
Blizzard warnings have been posted for New York City and parts of New Jersey and Connecticut as a sizable storm is expected to move up the East Coast. The National Weather Service warns of heavy snow, strong winds, and coastal flooding risks from Sunday into Monday, with the greatest impacts along the shoreline.
India and Brazil signed an agreement to expand cooperation in mining and minerals during a high-level meeting in New Delhi, aiming to bolster India’s access to raw materials and technology for its growing steel sector. The deal, concluded in the presence of India’s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva, focu…
UBS has updated its House View to set a new gold target of $6,200 per ounce, citing heightened geopolitical risk around Iran, continued Federal Reserve easing, rising physical demand and constrained mine supply. The bank recommends a mid-single-digit allocation to gold as a hedge against market and economic uncertainties.
The U.S. Supreme Court's decision to overturn trade tariffs enacted last year will reduce some import-related expenses for oil producers, drillers and companies that assemble large energy projects from foreign-made components. Industry executives say the ruling should improve predictability and free up cash for investment at some firms, but analyst…
Diplomatic momentum to resolve the dispute over Iran’s nuclear activities has stalled, according to officials and diplomats across the Gulf and Europe, while a substantial U.S. military buildup in the region and hardened positions in Tehran and Washington are increasing the likelihood of armed conflict. Regional governments and Israel are preparing…
The U.S. Department of Agriculture is preparing to distribute $12 billion in government payments next week, with officials and economists arguing the aid is needed to prevent more producers from financial collapse. The package includes $11 billion via the Farmer Bridge Assistance program and $1 billion for specialty crop growers. USDA officials sai…
Extended electricity outages across Cuba are driving households, private entrepreneurs and even tricycle-taxi drivers to install solar panels as U.S. measures limit oil shipments and deliveries from traditional suppliers weaken. The government, supported by Chinese financing and donated equipment, has expanded utility-scale solar capacity but priva…
Oil was positioned for its first weekly gain in three weeks as rising tensions between the U.S. and Iran raised concerns about possible supply disruptions from the Middle East. Citigroup outlined three pricing scenarios for Brent crude - a $70-75 bull case, a $67/$62/$64 base-case path through 2027, and a $50 bear case driven by weak demand and hig…
A mixed holiday schedule left markets navigating a volatile week in which crude oil jumped to its highest level since August amid rising Gulf tensions. At the same time, signs of stronger US manufacturing and labour data have supported demand expectations, while heavy AI investment plans among major technology firms and circular capital flows are p…
The Trump administration announced a rollback of the Mercury and Air Toxics Standard for coal-fired power plants, arguing that relaxed limits will ease costs for operators of aging generators and support rising electricity demand driven by the expansion of AI data centers. Environmental and public health groups say the move will increase exposure t…
Analysts at Raymond James say the United States is "likely at this stage" to carry out a military operation in Iran, though the scale and objectives of any action remain unclear. A rapid buildup of U.S. military assets in the Middle East and an impasse in recent talks with Iranian representatives have increased the prospect of strikes. Financial ma…
An American financier with connections to former U.S. presidential circles signed an agreement last autumn with Russia's Novatek to pursue natural gas development in Alaska. The arrangement, disclosed by a U.S. newspaper, follows high-level meetings between U.S. and Russian leaders where energy deals were discussed on the sidelines. Novatek says it…
Oil extended gains in Asian trade on Friday, pushing benchmarks toward their highest levels since early August and leaving them on track for roughly a 6% weekly rise. Prices were supported by heightened geopolitical tensions between the U.S. and Iran and a larger-than-expected fall in U.S. crude inventories, while markets looked ahead to U.S. PCE i…
Gold held near recent levels in Asian trading after gaining over the prior two sessions, but remained on course for a roughly 1% weekly drop. Investors balanced renewed U.S.-Iran tensions and safe-haven flows against a stronger U.S. dollar and hawkish Federal Reserve signals, while awaiting the U.S. PCE inflation report.
Oil prices rose on Friday as rising concern over a potential U.S.-Iran confrontation and signs of tighter supply supported markets. Brent and U.S. crude posted gains after Washington set a short deadline for Iran to reach a nuclear agreement, while reports of lower U.S. crude stocks and constrained Saudi exports added to bullish pressure. Japan's s…
Authorities uncovered a 22-meter (72-foot) tunnel leading to two taps on an underground pipeline outside a rural home in Hidalgo state near Tepetitlan, and seized drugs at the site. Officials say the conduit connects to a pipeline owned by state energy company Pemex that runs between the Tula refinery in Hidalgo and the Salamanca refinery in Guanaj…
A steep rally in silver has pushed solar panel makers to fast-track alternatives such as copper. The cost shock—driven by tight physical supply and retail buying—has lifted silver-related manufacturing expenses dramatically, prompting manufacturers and suppliers to pursue copper and hybrid silver-copper metallisation to protect margins.
Capital Economics analysts say that fresh U.S. strikes on Iran could disrupt oil supplies, lifting Brent crude and reducing the scope or timing of expected interest rate cuts by major central banks. Analysts point to recent geopolitical tensions, a spike in Brent near $70 per barrel, and Iran's role in global oil flows and control of the Strait of …
The U.S. Department of Agriculture projects farmers will plant more soybeans and fewer acres of corn in 2026 compared with 2025, while both crops are expected to yield the second-largest harvests on record. Corn acreage is forecast at 94 million acres, down from 98.8 million acres in 2025, while soybean seedings are set to rise to 85 million acres …
Russia cautioned against an "unprecedented escalation of tension" around Iran and called for restraint as a U.S. military reinforcement in the region continues, a senior U.S. official said would be complete by mid-March. The warning coincides with Iranian-Russian naval activity in the Gulf of Oman, ongoing nuclear negotiations described as only par…
U.S. Energy Secretary Chris Wright told the International Energy Agency it has about a year to abandon its net zero-by-2050 agenda or face the prospect of the United States leaving the organisation. Wright framed the move as pressure to change the agency's climate-oriented direction while avoiding a U.S. exit that could increase Chinese influence. …
A multi-year supply agreement between Nvidia and Meta provided modest support for Big Tech, yet gains were capped as oil surged, credit strains emerged and Federal Reserve minutes signaled reluctance to ease policy. Markets face geopolitical risks from U.S.-Iran and Ukraine-Russia tensions, while rare earth prices have climbed above a U.S. price fl…
Oil prices rose modestly in Asian trade following a more than 4% jump the previous session. Continued U.S.-Iran tensions, stalled Russia-Ukraine talks and an unexpected draw in U.S. crude stocks provided support, while traders remained cautious about demand prospects and upcoming U.S. inflation data.
