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.
1,013 total articles
Gold prices remained relatively stable in Asian trade as holiday-thinned markets limited turnover. The metal has swung sharply in recent weeks amid uncertainty around U.S. interest rates, but it finished last week above $5,000 per ounce. Attention now turns to Federal Reserve minutes from January and U.S. December PCE inflation data for further gui…
Russia's Taman port on the Black Sea sustained damage after a Ukrainian drone attack, according to the governor of Krasnodar region. Authorities reported a damaged oil storage tank, a warehouse and terminals in Volna village, with two people injured and more than 100 personnel engaged in firefighting. Kyiv's general staff said it had struck the por…
Brazil possesses a significant portion of the world's rare earth oxide reserves but supplies under 1% of the global market. Structural barriers - notably the absence of domestic separation and refining capacity, financing limits tied to mining-right collateral rules, and a lack of an integrated industrial strategy - constrain the country's ability …
Valero Energy is preparing to import as much as 6.5 million barrels of Venezuelan crude in March for processing at its Gulf Coast refineries, according to sources. If it secures 10 or more cargoes, Valero could process roughly 210,000 barrels per day and overtake Chevron as the top U.S. refiner of Venezuelan oil since the United States captured Pre…
President told troops at Fort Bragg that Iran has been "difficult" in nuclear talks and suggested instilling fear may be needed to secure a peaceful resolution. He referenced a recent U.S. bombing of Iran's nuclear sites and the movement of a second aircraft carrier to the Middle East. The visit also highlighted U.S. actions in Venezuela and includ…
Venezuela’s state oil firm PDVSA has been turning away offers from buyers that lack individual U.S. licenses, according to multiple company sources, reducing the pace at which stored crude is being sold. Although U.S. authorities issued a general license and targeted individual permissions to major traders, PDVSA and banks remain cautious and are s…
U.S. Treasury Secretary Scott Bessent said any narrowing of the metals tariffs would be a decision for President Donald Trump, while allowing that some modifications - likely clarifications for incidental objects - could be made. The Commerce Department oversees the Section 232 tariffs that were doubled last year to cover many derivative products; …
The Environmental Protection Agency finalized the repeal of the 2009 'endangerment finding' for vehicles, removing the federal foundation for regulating greenhouse gases from motor vehicles. The move eliminates a key federal lever that had allowed national tailpipe emissions standards and supported broader EPA regulation of greenhouse gases across …
Three OPEC+ sources say the group is leaning toward resuming planned increases in oil production quotas from April. The move would position Saudi Arabia and the UAE to regain market share while several member producers face sanctions or output setbacks. No formal decision has been taken ahead of a March 1 meeting of eight key producers.
Global markets closed the week amid a swirl of conflicting signals: a decisive electoral victory in Japan that bolstered stocks, bonds and the yen; sharp moves in U.S. equity sectors tied to AI and disappointing corporate results; and a set of U.S. economic releases that pulled forward and then pushed back expectations for Federal Reserve easing. E…
Capital Economics says recent patterns in Chinese gold demand resemble speculative behaviour more than safe-haven buying, pointing to increased leverage, futures trading and ETF flows that could amplify price swings and episodic volatility in the gold market. The firm highlights shifts in consumer demand and trading activity in 2025 and warns that …
The Environmental Protection Agency's repeal of its 2009 endangerment finding, which underpinned federal regulation of greenhouse gases, may clear the way for renewed use of public nuisance lawsuits against utilities and other large emitters. Legal scholars and industry representatives warn the move could prompt increased litigation now that the re…
Aluminum prices in London fell after reports that the U.S. administration is considering narrowing the scope of tariffs on certain metal products. The review, which could exempt some items and limit the expansion of tariffed goods, follows criticism that the duties are increasing costs for American consumers and businesses.
Indonesia’s president announced he will press ahead with a nationwide free meals programme funded through savings elsewhere in the state budget, despite an intense campaign criticizing the initiative and market turbulence that has shaken investor confidence. He defended the scheme at the opening of a police-run free meal kitchen in Jakarta and reit…
Oil prices were mostly unchanged in Asian trading but remained on course for a weekly decline after a near 3% drop in the previous session. The International Energy Agency warned of a potential supply surplus in 2026 and global stockpiles expanded, while U.S. crude inventories rose sharply. Market attention has shifted toward U.S. inflation data an…
Oil markets were little changed on Friday following a sharp drop the day before, leaving both Brent and U.S. West Texas Intermediate set for a second consecutive weekly decline. Prices eased after comments suggesting the United States may seek more time to negotiate with Iran, while an International Energy Agency outlook and data pointing to large …
Gold and other precious metals held near recent lows in early Asian trade after a sharp selloff pushed gold below $5,000 an ounce. Investors are looking to U.S. consumer price index data for January for fresh signals on the likely path of interest rates, with prior strong U.S. labor data and political developments cited as drivers of recent volatil…
PJM Interconnection will extend a cap on prices in its capacity auctions for two years after legal pressure from the state, Pennsylvania Governor Josh Shapiro said on X. The governor said the step will save millions of Americans billions on power bills while PJM continues work on a backstop auction to manage rising demand across its 13-state system…
U.S.-controlled oil shipments from Venezuela have generated more than $1 billion to date and are expected to produce an additional $5 billion over the next few months, U.S. Secretary of Energy Chris Wright said in an interview. Much of the crude is being refined at U.S. facilities and the proceeds have been transferred to Venezuela's interim govern…
Higher prices for canephora coffee varieties, including robusta and conilon, are prompting producers in Brazil to establish crops in states that historically produced little or no canephora. Official Conab data and industry voices show notable increases in planting and output outside Espirito Santo - the traditional canephora heartland - as analyst…
President Donald Trump posted on Truth Social that billionaire energy entrepreneur Harry Sargeant III does not have authority to represent the United States, and described relations between Washington and Venezuela as "extraordinary." The statement comes after reports that Sargeant and his team had been advising the administration on ways to facili…
Argentina's Senate voted early Thursday to approve President Javier Milei's major labor reform, passing the measure 42 to 30 after more than 13 hours of debate. The bill, which now moves to the lower house for further consideration, introduces changes to hiring rules, vacation entitlements, the standard workday and limits on strikes. Lawmakers remo…
The Trump administration intends to announce a repeal of the 2009 finding that greenhouse gas emissions endanger human health, a legal foundation for federal climate regulations. The change would remove requirements tied to vehicle greenhouse gas standards and could reshape regulatory authority over emissions, while raising legal and market uncerta…
In an interview released by NBC News, Venezuela's interim president Delcy Rodríguez said she has been invited to the United States and that a visit is being considered once cooperation is established. The remarks coincided with a visit to Caracas by U.S. Energy Secretary Chris Wright. Rodríguez, who was sworn in as interim president in early Januar…
U.S. January employment data showed payrolls rising by 130,000 versus a 70,000 forecast, while the unemployment rate unexpectedly declined to 4.3% as labor force participation increased and average earnings growth accelerated. Markets reacted by re-pricing expectations for Federal Reserve rate cuts, with two cuts still implied for the year but the …
