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.
1,912 total articles
The Japanese government will release an additional 20 days' worth of oil reserves beginning in early May, a follow-up measure to a March drawdown intended to address supply uncertainty arising from the war in the Middle East. The March release amounted to roughly 50 days of supply and drew on a mix of government holdings, private sector stocks and …
Goldman Sachs says the 2022 energy crisis yields three clear lessons for interpreting the short- and long-term fallout from the 2026 Middle East war: lower-income economies are most exposed to price-driven supply squeezes; solar power benefits from an emphasis on localized energy security; and coal has resurged in some South and Southeast Asian mar…
President Volodymyr Zelenskiy warned that the coming spring and summer will be a testing period for Ukraine, with expected military pressure on the battlefield and diplomatic pressure to curb operations that affect Russian oil exports. Kyiv has been asked by unnamed partners to scale back strikes on Russia’s oil sector amid a global energy spike ti…
Gold eased in Asian trade on Friday after reaching near three-week highs, with spot prices down 0.4% to $4,744.50 an ounce by 22:30 ET (02:30 GMT) and U.S. futures off 1% at $4,764.67. Despite the pullback, bullion was positioned for a roughly 1.5% weekly advance — the third consecutive weekly gain — supported by a fragile U.S.-Iran ceasefire and a…
Japan's finance minister said private credit does not currently represent a major domestic problem, while acknowledging the global $2 trillion sector's strains could be discussed at next week's G7 finance meeting in Washington. Domestic regulators are checking private credit exposure at major financial institutions, and Japanese banks have increase…
A senior Russian diplomat told reporters in Havana that Moscow will not abandon Cuba and intends to expand its energy assistance beyond a recent delivery of crude oil. Sergei Ryabkov said Russia rejects U.S. pressure in the Western hemisphere and described Cuba's energy needs as a priority, while reiterating opposition to force and sanctions as eff…
Oil futures rose in early trading as attacks on Saudi energy assets and the continued effective shutdown of the Strait of Hormuz added a risk premium to markets. Prices climbed for both Brent and West Texas Intermediate amid fragile ceasefire progress and reports of substantial production and pipeline losses in Saudi Arabia, while analysts warn the…
Oil futures rose modestly in Asian trading as ongoing limits to tanker movements through the Strait of Hormuz and fragile diplomatic signals ahead of planned U.S.-Iran talks kept markets cautious. Brent and WTI both climbed on the session but remained on course for double-digit weekly declines after earlier swings tied to a brief ceasefire announce…
Saudi state media reported that recent assaults on the kingdom's energy infrastructure have curtailed crude production capacity by roughly 600,000 barrels per day and slashed throughput on the East-West pipeline by about 700,000 bpd. The strikes affected oilfields, a pumping station, refineries and processing plants across multiple regions, led to …
Peru heads to the polls with a record 35 presidential candidates and renewed bicameral congressional elections. About 27 million voters are eligible to cast ballots on April 12 as public anxiety over corruption and a surge in violent crime shape the campaign. Opinion polls show a narrow lead for right-wing candidate Keiko Fujimori, but no contender…
Chevron expects its upstream segment to record a $1.6 billion to $2.2 billion increase in earnings in the first quarter compared with the fourth quarter of 2025, citing a jump in oil and gas prices tied to volatility from the Iran war. Brent crude averaged $78.38 per barrel in Q1, and Chevron’s production is forecast to average 3.8 to 3.9 million b…
A tentative two-week ceasefire between the U.S. and Iran has produced conflicting interpretations from Washington and Tehran, leaving the Strait of Hormuz effectively closed and pressuring markets. Oil prices climbed above $98 a barrel before easing, equities retraced earlier gains, and traders awaited key U.S. inflation data and Fed meeting minute…
Opinion polls indicate Viktor Orban, who has governed Hungary since 2010 and drawn endorsements from both U.S. President Donald Trump and the Kremlin, may be defeated in a high-stakes election that many Hungarians view as a decision over the country’s future in Europe. A centre-right challenger led by former Orban ally Peter Magyar has capitalised …
Calculations based on preliminary production figures and prevailing oil prices indicate Russia’s mineral extraction tax on oil rose to roughly 700 billion roubles in April, about double March’s take. The increase follows a sharp surge in global oil prices after attacks on Iran that effectively shut the Strait of Hormuz, driving heightened demand fo…
On April 9 Israel reported that Naim Qassem, the leader of Iran-backed Hezbollah, was killed in an overnight strike in Beirut. Hezbollah named Qassem as its leader about a month after the killing of his predecessor. The announcement, if verified by Hezbollah, would represent a significant setback for the group and for Iran, one of its principal reg…
Goldman Sachs cut its second-quarter oil-price forecasts after a two-week U.S.-Iran ceasefire that includes reopening the Strait of Hormuz, citing a reduced near-term risk premium and signs of recovering flows. The bank left its third- and fourth-quarter oil projections unchanged and warned that price risks remain skewed to the upside in scenarios …
Goldman Sachs lowered its second-quarter 2026 price forecasts for Brent and U.S. crude to $90 and $87 per barrel, respectively, following the announcement of a two-week ceasefire between the U.S. and Iran. Markets initially pushed prices down on hopes that the Strait of Hormuz could reopen but rebounded amid doubts about the ceasefire holding and l…
A conditional two-week cessation of hostilities between the United States and Iran prompted a surge in tanker bookings by traders and refiners, with Taiwan’s state refiner CPC and commodity trader Glencore taking steps to move Middle Eastern crude toward Asia. While some vessels are already heading toward the Strait of Hormuz to exit the Gulf, ship…
Goldman Sachs reduced its second-quarter 2026 Brent and U.S. crude price forecasts to $90 and $87 a barrel respectively following a two-week ceasefire agreement between the U.S. and Iran. The bank cited a reduced near-term risk premium and increasing flows through the Strait of Hormuz, while warning that upside risks remain if disruptions persist.
Gold eased in Asian trade after modest gains a day earlier as renewed conflict risks in the Middle East and an uptick in oil pressured bullion. Market participants are also awaiting U.S. March CPI data for further signals on inflation and the Federal Reserve's path, while the dollar's stabilization limited bullion's upside.
Oil futures staged a recovery on Thursday following their largest one-day fall since April 2020. Continued disruptions in the Strait of Hormuz and fresh Israeli strikes on Lebanon, which risk unraveling a recently announced ceasefire with Iran, underpinned gains despite a prior session’s collapse driven by optimism over temporary calm.
President Donald Trump’s sudden decision to accept a Pakistani-mediated two-week ceasefire with Iran, after issuing an unprecedented warning that a civilization could be wiped out, has exposed the practical and reputational limits of his confrontational negotiating style. While U.S. officials framed the agreement as meeting military objectives, ana…
U.S. crude futures climbed on Thursday morning following a session marked by the largest daily decline since April 2020. The rebound came after U.S. President Donald Trump agreed to a two-week ceasefire with Iran. Prices were also reacting to heavy Israeli strikes in Lebanon and sharp diplomatic criticism from Tehran.
A two-week ceasefire announcement sparked sharp declines in U.S. crude and fuel futures, yet analysts warn that motorists and airline passengers should expect elevated pump and jet fuel prices through the peak travel season. Persistent uncertainty over the Strait of Hormuz, recent regional attacks and a higher geopolitical risk premium mean retaile…
Indiana Governor Mike Braun announced a 30-day suspension of the state’s 7% fuel usage tax to provide immediate relief to consumers facing higher pump prices tied to the U.S.-Israeli conflict with Iran. The temporary measure can be extended depending on developments in the Middle East. State officials said they will monitor retail stations to ensur…
