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
Samples taken from two calves on a La Pryor, Texas ranch that are suspected of harboring the flesh-eating New World screwworm have been forwarded to a federal laboratory in Iowa for testing. The samples were collected after photos and videos circulated among livestock producers. State and federal authorities have given differing public statements a…
Data published by Euronext on Wednesday shows investment funds and other non-commercial traders cut their net long exposure in Euronext milling wheat futures and options in the week ending May 29. Commercial participants also reduced their net short position. Euronext rapeseed contracts saw a small decline in non-commercial net longs.
The U.S. Strategic Petroleum Reserve (SPR) declined to 357.1 million barrels in the week ended May 29, marking the lowest inventory level since January 2024, according to the U.S. Energy Information Administration's weekly Petroleum Status Report released on Wednesday. Energy companies have withdrawn crude from the reserve for a tenth consecutive w…
U.S. crude oil inventories declined by 8 million barrels to 433.7 million barrels in the week ended May 29, according to the Energy Information Administration. The draw exceeded market expectations. Meanwhile, gasoline and distillate stocks rose, refinery crude runs fell modestly, refinery utilization inched higher, and net crude imports fell.
European natural gas benchmarks climbed after fresh hostilities in the Middle East undermined hopes for a rapid U.S.-Iran agreement that could reopen the Strait of Hormuz. The Dutch TTF front-month contract and UK futures both rose roughly 2.5%, while continued disruptions to global LNG supply and lower EU storage levels added upward pressure on re…
Hundreds of vessels and roughly 20,000 seafarers remain unable to transit the Gulf as the Strait of Hormuz stays largely closed amid a three-month-old conflict. Ship managers and registries say a ceasefire alone will not be enough to prompt a return to pre-war traffic levels without clear safety assurances and multinational guarantees.
The head of fuel at the International Air Transport Association said many carriers are feeling severe pressure from volatile jet fuel markets and that not all airlines have hedging programs in place to protect against price swings. While sophisticated hedging can provide relief for some operators, record refinery margins and disruptions to supplies…
President Donald Trump has admitted he called Israeli Prime Minister Benjamin Netanyahu "effing crazy" during a profanity-laden phone exchange as Washington worked to negotiate an end to broader hostilities linked to Iran. Trump's comments came during a podcast interview in which he said he was "a little bit perturbed" by Israel's actions in Lebano…
Kuwait is weighing options to expand its crude storage capacity in other countries after disruptions to tanker shipments through the Strait of Hormuz linked to the Persian Gulf conflict. Senior Kuwait Petroleum Corp. officials said the strait remains unsafe for energy cargoes, prompting talks on pipeline routes with neighboring states and reliance …
India has announced a 100 billion rupee ($1 billion) support package to oil retailers to enforce a cap on jet fuel prices for domestic carriers. The government set the ceiling at 75.6 rupees per litre - well below the current price of 104.9 rupees per litre charged at New Delhi airport - and will reimburse state refiners for losses arising from sel…
Renewed U.S.-Iran exchanges in the Gulf lifted Brent crude above the $95-$100 range and pushed up bond yields, even as major equity benchmarks continued to chase AI-driven gains. Tech-heavy indexes drove further record highs for U.S. stocks, while the yen remained under pressure near the 160 per dollar level after sustained intervention by Japanese…
Kuwait Petroleum Company said it expects to bring roughly 70% of its oil production back online within six to eight weeks after the Strait of Hormuz reopens, with the remaining 30% needing an additional month. Company officials also expect refinery throughput to normalize within two to three weeks once the crisis ends.
South Korea and the United States convened inaugural talks this week under a joint fact sheet signed last year to discuss nuclear cooperation. Delegations from both countries met to address Seoul's push for broader uranium enrichment and spent-fuel reprocessing rights for civilian purposes, and to agree on a separate process for nuclear-powered sub…
Regional officials reported that Russian forces intercepted dozens of drones over the Leningrad region overnight as St. Petersburg prepares to host a major annual economic forum. The incidents coincided with travel disruptions, heightened security measures in the city and separate strikes reported elsewhere in Russia and Russian-held areas.
The Japanese yen traded close to the critical 160-per-dollar threshold on Wednesday, briefly touching the level that prompted intervention in April. The currency is under pressure as investors price in prolonged higher U.S. interest rates and Japan absorbs higher energy costs. Officials have reiterated their willingness to act, and market focus has…
Republican U.S. Representative Mariannette Miller-Meeks clinched her party's renomination in Iowa's 1st Congressional District on June 2, setting up a third straight general election contest against Democrat Christina Bohannan. Miller-Meeks defeated MAGA-aligned challenger David Pautsch, while Bohannan prevailed over Travis Terrell to secure the De…
Gold prices moved down modestly in Asian trading as investors parsed renewed hostilities in the Middle East alongside U.S. labor-market signals that could influence Federal Reserve policy. Spot gold and U.S. futures each fell about 0.5% as markets awaited a string of U.S. economic releases ahead of Friday's nonfarm payrolls.
Oil prices climbed in Asian trading after renewed violence across the Middle East and signs that talks between Washington and Tehran have stalled. Prices were also supported by industry data showing a sharper-than-expected drop in U.S. crude stocks, with market participants now awaiting official government figures.
Mexico's sugar industry is urging Washington to eliminate limits that sharply restrict U.S. imports from Mexico and is preparing a potential anti-dumping complaint targeting U.S. fructose should bilateral talks fail. Industry leaders say a U.S. policy labeled "future imports subject to tariffs" has curtailed Mexico's export quota, reducing shipment…
Iraq said it will increase pipeline crude exports to 770,000 barrels per day from 220,000 bpd within two and a half months, part of a plan to diversify routes away from Gulf shipping lanes. The government statement said the move includes signing an agreement with Syria to move Basrah Light, Medium and Heavy crude via the ports of Baniyas and Tartou…
The head of the International Energy Agency's oil industry and markets division warned that ongoing stock draws could push global oil inventories to historically low levels just before the Northern Hemisphere summer demand peak. She also flagged that reopening the Strait of Hormuz could take six to eight months in a best-case scenario and that emer…
Dangote Oil Refinery intends to raise nameplate capacity from 650,000 barrels per day to 1.4 million bpd by the end of 2028, CEO David Bird said at a London energy conference. The group has begun procurement and contract awards for a 700,000 bpd expansion described as a 'ruthless replication.' The facility currently has a substantial surplus of jet…
U.S. Agriculture Secretary Brooke Rollins said the New World Screwworm was detected in a five-year-old goat in Coahuila, Mexico, within 25 miles of the U.S. border. The parasite, which feeds on living flesh, has been moving northward through Mexico for over a year and was previously found in a young sheep within 31 miles of the U.S. The USDA and ex…
Northwest European gasoline refining margins recovered on Tuesday, rising by about $1.78 to $22.36 per barrel as trading activity picked up. Multiple E5 and E10 barge transactions took place in Argus and Platts windows. Separately, China's state planner has allowed some independent refiners to cut output from June, and EU-27 plus UK gasoline and bl…
Gold comprised 27% of foreign reserves held by central banks worldwide at the end of 2025, surpassing U.S. Treasurys, as rising bullion prices lifted its share even as many institutions scaled back new purchases. World Gold Council data for Q1 2026 shows demand edged higher, driven by bars and coins and continued central bank accumulation, while je…
