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.
2,690 total articles
President Donald Trump said he favors taking Kharg Island, Iran’s key oil export hub. Military analysts say U.S. forces could likely capture the island quickly, but occupation would expose troops to missile and drone strikes, require sustained logistical protection, and could lengthen rather than shorten the war. The island handled the vast majorit…
Crude benchmarks for Oman, Dubai and the UAE’s Murban rose Thursday amid heightened tensions between the United States and Iran after comments from the U.S. president. Market moves coincided with reported reductions in Saudi shipments to China and shifting refinery purchases, and a separate purchase of Murban for delivery to India was recorded.
U.S. Central Command says a U.S. jet fired two Hellfire missiles into the engine room of the tanker Jalveer off Oman after its crew failed to follow directions. The vessel, flagged to Guinea-Bissau and reportedly carrying Iranian oil, is the third Indian-crewed tanker struck by U.S. forces this week. Authorities report the 20 crew members are safe …
The Baltic Exchange's dry bulk freight index slipped to a more-than one-month low as capesize vessel rates fell sharply. The overall Baltic index dropped 42 points to 2,729, while capesize earnings fell by $1,456 to $34,048 per day. Iron ore futures weakened amid rising shipments and subdued steel demand in China, while the panamax segment posted m…
From a subterranean operations center, the commander of Ukraine’s drone forces is orchestrating an intensified campaign to sever land access to Crimea. Using data-driven targeting and a rapid expansion of mid-range and deep strikes, his unit reports major reductions in traffic along the Novorossiya highway and significant attrition of Russian air d…
Fuel supplies on the Russian-held Crimean peninsula collapsed at many retail stations after renewed Ukrainian drone attacks further disrupted the land and sea routes that deliver petrol. Witnesses reported most pumps in Sevastopol empty and long lines outside the lone operating station in Yevpatoriya. Local officials said distribution was hindered …
The European Union's recent restriction on public financing for Chinese-made solar inverters is set to affect at least 14 gigawatts of planned capacity - more than 20% of the bloc's annual installations - according to calculations cited in reporting. The measure, prompted by concerns that internet-connected inverters from so-called "high-risk" supp…
Markets face a confluence of pressures - rising inflation, geopolitical tension in the Gulf, earnings setbacks at major tech names and imminent central bank rate decisions. Headline inflation has climbed back to 4.2%, while May core CPI was marginally cooler than forecast. Investors are awaiting U.S. producer price data and several high-profile mon…
The U.S. government is expediting drug approvals, front-loading $100 million in funding and diverting personnel to confront a re-emergence of the New World screwworm. While treatments have been fast-tracked and stockpiles built in Texas, officials face limited supplies of sterile flies and a 25% reduction in animal health specialists that some say …
A Reuters/Ipsos poll finds only about one-third of Americans support the fast pace of data center construction that underpins AI development, while a clear majority would oppose a data center in their own community. Concerns center on electricity costs, land and water use, limited local job creation, and transparency around tax incentives as the fe…
Indian authorities said three seafarers have been confirmed dead following a U.S. military strike on the Palau-flagged tanker Settebello in the Gulf of Oman. The operation, part of a U.S. campaign to block Iran-linked shipping that began on April 13, has disabled several vessels and redirected many more. India has protested to the United States and…
Dutch TTF natural gas futures remained anchored at 50 euros per MWh as the U.S.-Iran conflict entered a second day with little progress toward de-escalation. British futures were flat at 121 pence per therm. Markets are balancing the prospect of disrupted shipments through the Strait of Hormuz, strained LNG competition as Europe replenishes storage…
Sources from Iran and a European official say preliminary talks between Tehran and Washington have accelerated, with negotiators trading messages on a memorandum of understanding. While a political understanding appears to have been reached, key technical details remain unresolved, notably a mechanism for releasing tens of billions in Iranian oil r…
The United States has become the world’s largest oil exporter, driven by rapid shale-era production growth, strategic reserve releases and disruptions to Saudi and Russian shipments. Data from ship trackers show U.S. combined crude and fuel exports reached about 10.5 million barrels per day in May, making the country the top exporter for the third …
Gold recovered from its weakest level since late November, rising in Asian trading after earlier touching a more-than-six-month low. The rebound comes as fresh U.S. strikes on Iran and Iran's move to halt vessel traffic through the Strait of Hormuz heightened geopolitical risk, even as rising energy-driven inflation and prospects for higher U.S. in…
Oil prices fell sharply after U.S. President Donald Trump said he had canceled planned strikes on Iran, citing advanced discussions at the highest levels of Iran’s leadership and approval from a broad regional coalition. Brent and U.S. crude futures both declined, while developments in the Strait of Hormuz and a larger-than-expected U.S. crude inve…
Oil benchmarks rallied in Asian trading following new U.S. strikes on Iranian targets and Tehran's declaration that it will close the Strait of Hormuz to vessel traffic. Prices were further supported by a larger-than-expected weekly crude inventory draw reported by the U.S. Energy Information Administration and concerns that rising energy costs are…
The U.S. administration defended recent sanctions on Cuban officials and entities, saying they are aimed at those supporting a regime Washington deems a security threat. The U.N. High Commissioner for Human Rights warned the measures are causing widespread harm to civilians by restricting access to water, food, healthcare and energy. Cuban official…
Chicago Board of Trade soybean futures rose on Wednesday, ending an eight-session losing streak as market participants adjusted positions ahead of the U.S. Department of Agriculture's monthly crop forecasts due Thursday. July and November contracts posted gains, while soymeal and soyoil also climbed. Crude oil strength after a geopolitical remark b…
A survey of crude flow data and industry sources shows OPEC's 11-member production fell by 1.06 million barrels per day in May to 16.13 million bpd, the lowest monthly output in at least two decades. The steep decline reflects the effect of a U.S. naval blockade on Iran that began on April 13 and Iran's actions that have effectively restricted use …
A U.S. business group reports that Chinese export controls and slow licensing are making access to some critical minerals extremely difficult, prompting most affected companies to hunt for non-Chinese supplies. The survey finds nearly half of impacted firms have not yet found viable substitutes and investment intentions in China are weakening.
The Baltic Exchange's dry bulk freight index fell on Wednesday, driven by a significant drop in capesize rates. Despite the weakness in the largest vessel class, panamax rates inched higher and iron ore futures halted a five-session slide after supportive trade data from China influenced market sentiment.
A new pan-European poll shows only 11% of respondents across 15 countries now consider the United States an ally, a historic low and a decline from 16% six months earlier and 22% in November 2024. The survey, published ahead of upcoming G7 and NATO summits, also finds growing support for increased defence spending, greater use of European military …
U.S. technology shares extended a recent pullback even as crude oil briefly tumbled, highlighting market nervousness that stretches beyond energy. Traders head into the U.S. May CPI release and a 10-year Treasury auction with growing expectations of a year-end Fed rate hike. Renewed missile exchanges between the U.S. and Iran drove intraday crude v…
President Donald Trump marks his 80th birthday amid a complex political picture: he retains significant influence within the Republican base and over intra-party nominations, but recent judicial setbacks, an inability to wind down the Iran war, falling approval measures and growing Republican defections are heightening talk of a potential lame-duck…
