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
OPEC+ members are expected to discuss and likely approve a May quota increase that would have little immediate effect on global supply because the U.S.-Israeli war with Iran has shut the Strait of Hormuz and constrained exports from key Gulf producers. Other producers, including Russia, are unable to lift output due to sanctions and damage from the…
Saudi Arabia's non-oil private sector returned to contraction in March for the first time since August 2020, with the Riyad Bank Saudi Arabia Purchasing Managers' Index (PMI) compiled by S&P Global sliding to 48.8 from 56.1 in February. New orders and output declined, export demand plunged, and firms reported halted shipments and greater logistics …
South Korea's finance minister held talks with Gulf Cooperation Council ambassadors to secure uninterrupted deliveries of key energy and petrochemical feedstocks and to press for the protection of Korean vessels and crews transiting the Strait of Hormuz, a vital maritime chokepoint that has been disrupted since the outbreak of war involving the U.S…
U.S. President Donald Trump and Israeli officials increased pressure on Iran to reopen the strategically vital Strait of Hormuz, issuing threats against Iranian energy infrastructure as Tehran and U.S. forces continued searching for a missing U.S. crew member from one of two downed American warplanes. The conflict, now in its sixth week, has escala…
Taiwan's economy minister says an energy minister from a 'major' LNG-producing country has assured Taipei of support for its natural gas needs, as the island shifts some supplies away from the Middle East following the Iran war. State-owned CPC reports crude stocks and petrochemical feedstock supplies remain stable, while a new U.S. LNG contract wi…
Indian refiners have taken delivery of Iranian oil for the first time since May 2019, the oil ministry said, as supply disruptions linked to the U.S.-Israel war and pressure on routes through the Strait of Hormuz strain global flows. The ministry added there is no payment obstacle for Iranian crude imports and that India has secured full crude requ…
Russian regional officials reported that combined Ukrainian drone and missile strikes on southern Russia resulted in at least one fatality, four serious injuries, damage to commercial infrastructure in Taganrog, and a blaze aboard a foreign-flagged vessel in the Sea of Azov. Officials in Rostov and Samara regions provided the account of events, wit…
Iranian forces were reported to be searching for a missing U.S. pilot after two American warplanes were downed over Iran and the Gulf, officials said on April 4. Two airmen were rescued, while one pilot remains unaccounted for as Iranian units comb terrain near a crash site. The incidents highlight ongoing risks to U.S. and Israeli aircraft amid a …
Australian authorities have encouraged people to proceed with Easter travel while urging restraint at the pump, after hundreds of petrol stations - predominantly in regional areas - reported outages amid fuel supply pressure linked to the ongoing war in Iran. Energy Minister Chris Bowen provided national stock figures and advised consumers to limit…
Recent U.S. intelligence assessments, according to three anonymous sources, conclude that Iran is unlikely to restore free transit through the Strait of Hormuz soon. The reports find Tehran views its ability to disrupt maritime traffic as its principal leverage over the United States and could continue to constrict shipments to keep energy prices e…
Rising fuel prices and supply disruptions tied to the Iran war and a blockade of the Strait of Hormuz have led many Australians to abandon or postpone Easter travel plans. Widespread cancellations are affecting households planning road trips and are likely to weigh on transport and tourism activity during a traditionally busy holiday period.
The S&P Global UAE Purchasing Managers' Index eased to 52.9 in March from 55.0 in February, marking the slowest growth in the non-oil private sector since July 2025. Output and new order subindices registered notable declines, supplier delivery times lengthened and business optimism fell to a multi-year low.
U.S. President Donald Trump issued fresh threats to target Iran’s bridges and electric power plants, saying the U.S. military has not yet begun fully destroying Iranian infrastructure. His comments, delivered both on social media and in a televised address, come amid an ongoing war that began on February 28 and has already driven significant human …
The U.N. Security Council will vote on a Bahraini-drafted resolution aimed at safeguarding commercial shipping in and around the Strait of Hormuz. The draft authorizes 'all defensive means necessary' for at least six months, but China has publicly opposed any authorization of force, warning it would risk escalation. The vote, moved to Saturday due …
On the one-year anniversary of his broad tariff announcement, President Donald Trump issued new proclamations imposing high duties on certain branded pharmaceutical imports and revising steel, aluminum and copper tariffs. The measures aim to restore duties lost after the Supreme Court struck down prior tariffs and to push supply chain changes, whil…
The U.S. Department of the Interior announced plans to provide employees with options to leave the agency through a deferred resignation program and voluntary early retirement as part of a broader efficiency initiative. The agency said it will reallocate more National Park Service positions toward visitor-facing duties and modernize procedures such…
President Donald Trump signed a proclamation that preserves a 50% Section 232 tariff on commodity imports of steel, aluminum and copper while changing how duties are applied to derivative products made from those metals. The move shifts some tariffs to be based on U.S. customer prices, removes the duty for low-metal-content items, and sets a flat r…
J.P. Morgan projects near-term oil could trade between $120 and $130 per barrel, with the prospect of topping $150 if disruptions to flows through the Strait of Hormuz continue into mid-May. The bank's central scenario assumes negotiations will eventually ease the disruption, keeping prices above $100 through the second quarter before a retracement…
The Environmental Protection Agency and Department of Health and Human Services announced a joint effort to monitor microplastics and pharmaceuticals in drinking water, marking their addition to the sixth Contaminant Candidate List and the release of human health benchmarks for 374 pharmaceuticals. The move initiates testing and research funding un…
The administration plans to retain a 50% tariff on commodity steel and aluminum imports while lowering duties on finished goods made from those metals to either 15% or 25% depending on the product. The change, aimed at easing compliance, would apply the lower rate to the full value of imported derivative products rather than just their metal conten…
The recent surge in global fuel prices has highlighted divergent capacities across South American economies to absorb an external shock. Argentina, under President Javier Milei’s free‑market agenda, faces mounting pressure as fuel increases push up transport, food and household costs, complicating efforts to bring down inflation. Neighbors from Chi…
Front-month U.S. crude futures surged to their largest-ever premium over the second-month contract on Thursday, with May WTI trading roughly $15.70 per barrel above June. The sharp backwardation followed U.S. President Donald Trump’s pledge to continue attacking Iran and comes as the U.S.-Israeli war on Iran, now nearing the end of its fifth week, …
President Trump's speech promising harsher strikes on Iran, without outlining a plan to reopen the Strait of Hormuz, pushed U.S. crude oil higher by more than 10% and set U.S. retail fuel prices on a path to steep increases. Gasoline is projected to rise to $4.25-$4.45 a gallon next week and could top $5 within a month if the strait remains closed.…
U.S. Secretary of State Marco Rubio warned that China’s detentions of Panama-flagged vessels following a Panamanian court decision raise serious concerns about using economic measures to challenge Panama’s legal sovereignty. The U.S. Federal Maritime Commission said it is closely monitoring an uptick in detentions that appears tied to a Panama Supr…
Satellite imagery from late March indicates significant damage to storage infrastructure at Russia’s Primorsk oil terminal, with at least eight large reservoirs struck and an estimated 40% loss of storage capacity. Combined with pipeline closures and seizures of tankers, the strikes have curtailed a substantial portion of Russia’s export capability…
