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.
2,691 total articles
A Greenpeace study concludes that illegal gold mining remains widespread across Brazil's Amazon, with so-called "ghost permits" from inactive licensed areas used to justify the sale of large quantities of gold. The report estimates 26.8 metric tons of gold, worth about $3.88 billion, were sold using permits tied to areas showing no mining activity …
Oil futures fell in Asian trade on Friday and were set for sharp weekly losses as markets absorbed reports that Washington and Tehran were close to a draft deal to extend a fragile ceasefire, while investors also digested hotter-than-expected U.S. inflation data and weaker first-quarter economic growth revisions. Brent and WTI were down, and both b…
Oil futures retreated modestly after reports of a possible extension to a U.S.-Iran ceasefire and steps to ease restrictions on shipping through the Strait of Hormuz. Comments from U.S. Vice President JD Vance that talks were close but not concluded kept prices from falling further. Brent and U.S. crude finished the session lower, capping a volatil…
Total independently held oil product inventories in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell roughly 1% in the latest week to 4.42 million metric tons, reaching their lowest level since November 2014, driven by decreases across most products even as gasoline stocks rose on increased blending activity, according to data fr…
European natural gas benchmarks rose on Thursday after renewed exchanges of strikes between U.S. forces and Iran undermined expectations for a near-term deal to reopen the Strait of Hormuz. The Dutch front-month TTF contract and British futures both moved higher as reports described strikes near Bandar Abbas, retaliation from Iran’s Islamic Revolut…
Bernstein's recent investor note, based on a survey of the world’s 50 largest listed oil and gas companies, identifies $75 per barrel as a sensible long-term oil price for equity valuations. The note reports a temporary drop in global marginal costs in 2025, an expected rebound in 2026, a net income breakeven of $50/bbl, and structural shifts in re…
Three months after the outbreak of hostilities involving Iran, the United States and Israel, military engagements continue and shipping through the Strait of Hormuz is effectively halted. Oil remains near $100 per barrel as blockades constrain physical flows, yet broader financial markets have shown limited disruption. Key U.S. data due this week -…
Gold has declined by more than 16% since U.S. and Israeli strikes on Iran at the end of February. UBS says the metal could regain losses as fears that higher energy prices will force central banks into tighter policy subside later this year. The bank cut its year-end forecast to $5,500 per ounce from $5,900 but maintains an expectation that gold wi…
U.S. and Mexican negotiators have convened formal discussions to modify the U.S.-Mexico-Canada Agreement (USMCA), with Washington pressing for stricter regional rules of origin that include a U.S.-specific minimum content requirement for cars and trucks assembled in Mexico. Talks are being held in a series of bilateral rounds through late July, exc…
The European Commission's energy department said on May 28 that disruptions around the Strait of Hormuz are already producing price effects across crude oil and major petroleum products in the EU, and warned markets could tighten further in the coming weeks - with jet fuel singled out as particularly vulnerable - if conditions do not improve. The u…
Gold prices slipped in Asian trading after a fresh round of U.S. strikes on Iran pushed oil and the U.S. dollar higher. Bullion remained confined to a trading range established over the last 10 days, pressured by dollar strength and rising Treasury yields amid concerns that a prolonged U.S.-Iran confrontation could stoke inflation. Attention also t…
Oil futures rose sharply in early Asian trading after reports that the U.S. carried out a second strike on Iran this week. Brent and WTI climbed about 1.9% following explosions near Bandar Abbas and reports that the U.S. military hit an Iranian military site. The moves come as markets weigh renewed hostilities against prior optimism that the Strait…
President Donald Trump told Cabinet members he is unconcerned that the November midterm elections will compel him to cut a deal with Iran, saying Iranian leaders miscalculated if they expected him to be pressured by the vote. His remarks come amid mounting voter unease about rising prices and a contentious Republican primary outcome in Texas that D…
Northwest European gasoline refinery margins declined to $21.25 per barrel on Wednesday. Market activity in the Argus trading window included 24,000 metric tons of E5 gasoline changing hands, with BP and Exxon selling to TotalEnergies. Broader dynamics noted in the market include limited relief from U.S. waivers on domestic fuel transportation, a J…
A cargo from the U.S. Strategic Petroleum Reserve arrived in California this month, marking the first recorded delivery of SPR crude to the U.S. West Coast, according to ship-tracking service Kpler. The movement reflects a realignment of shipping routes and trade flows after the Iran war affected Middle Eastern crude supplies, and involved a chain …
A Reuters analysis of federal and industry data finds that President Trump’s March waivers of the Jones Act have so far had minimal effect on rising U.S. gasoline prices. High charter rates for foreign-flagged tankers, constrained availability due to geopolitical disruptions, and the small share of domestic fuel flows moved under the exemption have…
The head of Peru's National Society of Mining, Petroleum and Energy (SNMPE) warned on May 27 that the divergent mining policies proposed by the two presidential runoff candidates risk imperiling billions of dollars in investment. SNMPE leadership said neither platform provides a sustainable framework for the sector and urged stronger state capacity…
European natural gas benchmarks declined on Wednesday after data indicating higher supplies into Europe reduced some of the market’s risk premia tied to conflict-driven disruptions in the Middle East. The Dutch TTF front-month contract fell 5.1% to 45.165 euros per megawatt hour, while Britain’s June gas contract slipped 4.6% to 110.00 pence per th…
The market rally in AI-related semiconductor names continued this week as U.S.-listed Micron Technology and South Korea’s SK Hynix each reached or briefly touched $1 trillion in market value. Sharp gains in memory-chip shares followed strong demand and persistent supply shortages, while a labor agreement at Samsung helped soothe strike concerns and…
Three months into the Iran war, a roughly 40% rise in oil has reshaped inflation and interest-rate outlooks, strengthened the dollar as a safe-haven and left many Asian currencies under pressure. Stocks have generally held up thanks to renewed AI optimism, but airlines, luxury goods and government bonds have been hit. The energy shock is weighing p…
Chinese authorities have granted export quotas for urea fertiliser, according to sources with direct knowledge. The move could relieve international price pressure caused by supply disruptions related to the Iran war. Two domestic producers confirmed they received quotas; an Indian importer said a government notification permitted exports. China sh…
Oil prices pared gains on Wednesday as traders sought clarity on fragile U.S.-Iran negotiations after new military strikes raised doubts around efforts to reopen the Strait of Hormuz. Brent was trading near $98.16 a barrel and U.S. WTI near $92.23 as uncertainty around regional hostilities and shipping access weighed on markets.
Gold gained modestly in early Asian trading as markets continued to focus on ongoing peace negotiations between the U.S. and Iran. The metal has traded in a narrow band over the past 10 days amid mixed signals from the conflict, with recent military strikes and inflation data pushing investors to weigh the prospect of higher interest rates.
Bank of Japan Governor Kazuo Ueda warned that central banks should not treat rising oil prices as an isolated input. He said a temporary energy shock can become persistent if it propagates through wages, inflation expectations and firms' price-setting behavior, while the same oil price rise may have different macro effects depending on initial cond…
Oil prices declined in early Asian trading as indirect negotiations between the United States and Iran proceeded, even after both sides reported exchanges of fire earlier in the week. West Texas Intermediate for July fell 0.5% to $89.95 a barrel by 19:22 ET (23:22 GMT). Media accounts indicated the ceasefire remained intact as talks centered on a f…
