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.
1,913 total articles
Global markets reacted to conflicting messages from Washington and Tehran as fighting around the Strait of Hormuz continued. Oil prices recovered after a midweek drop, import price inflation surprised to the upside in February, and risk assets including stocks and gold struggled amid mounting concerns about future inflation and debt auctions.
UBS reiterated a positive outlook on silver, arguing that a supportive macro backdrop for real assets should underpin higher prices over time. The bank cautioned that recent liquidity-driven selling has pushed silver to roughly $60 per ounce and that near-term headwinds from industrial demand and elevated volatility could compress the metal's defic…
Germany's Economy Minister Katherina Reiche indicated the governing coalition could roll out further interventions to blunt the impact of rising fuel costs after parliament approved a first set of measures. Reiche said she is receptive to boosting a commuter allowance and that her ministry will explore options to lower power prices. Lawmakers passe…
Summary: Ousted Venezuelan President Nicolás Maduro and his wife Cilia Flores are scheduled to appear in a Manhattan federal courtroom to press a motion to dismiss narcoterrorism and related charges. Central to their motion is a dispute over whether U.S. sanctions that bar the Venezuelan government from paying their defense counsel infringe on thei…
China has pressed parties involved in the Middle East conflict to create conditions for genuine peace talks, urging swift action to seize openings for negotiation. Chinese officials reiterated cautious optimism after signals of potential engagement between the United States and Iran, while Tehran publicly denied holding talks and said it was review…
Gold traded largely unchanged in Asian hours as investors parsed conflicting indications about a U.S. proposal to end the Iran conflict. Spot bullion ticked up modestly while futures slipped, with the precious metal's recovery since a recent correction constrained by ongoing geopolitical and monetary policy uncertainty.
Oil prices ticked higher in Asian trade on Thursday as Tehran considered a U.S.-backed plan to halt hostilities, yet persistent ambiguity kept market nerves taut. Brent for May delivery rose to $103.02 a barrel and U.S. crude climbed to $91.20, recovering from steep losses the previous session even as Iran denied direct talks with Washington and ke…
U.S. oil futures recovered part of a recent decline as market participants assessed possible easing of tensions in the Middle East. West Texas Intermediate crude rose more than $1 at the open and was trading up 93 cents at $91.25 a barrel as of 2225 GMT, after a 2.2% drop the previous session. Tehran is still considering a U.S. proposal delivered v…
Prime Minister Keir Starmer has authorised British military forces to board and detain Russian tankers the government says are part of a 'shadow fleet' that enables sanctioned oil exports. The move follows coordinated European efforts to disrupt these vessels and comes amid rising oil prices tied to the conflict involving Iran, prompting calls for …
A blaze triggered by oily water spilling from Mexico’s Olmeca refinery on March 17 illuminated the pre-dawn sky and was followed by an oil release that has affected nearby waterways and coastal ecosystems. Five people died in the incident, Pemex reports it has recovered 549 cubic meters of fossil fuels and installed containment barriers, while fish…
The White House issued a renewed warning that President Trump will escalate strikes against Iran if Tehran does not accept it has been "defeated militarily," while U.S. officials say talks with Iran remain underway. Media reports of a multi-point U.S. plan to end the conflict prompted a modest market rally and a dip in oil prices amid hopes for red…
The Environmental Protection Agency announced a temporary suspension of federal anti-smog restrictions on seasonal gasoline blends, permitting the nationwide sale of E15 and removing federal barriers to E10 sales for 20 days starting May 1. The measure is intended to allow retailers to offer less expensive fuel formulations as the U.S. responds to …
Reuters calculations show that about 40% of Russia's crude export throughput - roughly 2 million barrels per day - has been taken out of service following intensified Ukrainian drone strikes, damage to a major pipeline and repeated tanker seizures. The disruption comes as global oil prices top $100 a barrel and poses a material shock to an economy …
Bernstein analyst Guillaume Delaby argues that conditions in Middle Eastern oil services mirror those that produced the 1970s oil supercycle. Citing historical price shocks, company performance metrics and present capital spending patterns, Bernstein sees scope for a broad recovery in oil-services equities, with some names and regions potentially p…
BlackRock CEO Larry Fink warned that continued Iranian threats to regional stability could push oil prices toward $150 per barrel for years, with severe economic consequences including a global recession. The comments come amid sharp oil market volatility tied to the U.S.-Israeli war on Iran and disruptions to shipments through the Strait of Hormuz…
A senior U.S. official said the Navy is trying to speed up maintenance in Singapore on two littoral combat ships outfitted for minesweeping so they can return to their Bahrain-based operations in the Persian Gulf. The move comes amid growing concerns about Iranian threats to deploy mines in the Strait of Hormuz and warnings of potential use of floa…
India has taken delivery of what industry sources and LSEG trade flow data identify as the country’s first liquefied petroleum gas (LPG) cargo from Iran in several years, following a temporary U.S. easing of sanctions on Tehran’s oil and refined fuel shipments. The cargo, carried on the tanker Aurora, is slated for the west coast port of Mangalore …
China’s semiconductor sector is accelerating as global demand for AI infrastructure raises capital expenditure and pressures production capacity. Executives at Semicon China 2026 in Shanghai report faster-than-expected growth, rising requirements for testing and interconnects, and a near-term squeeze on raw materials and high-end components. Indust…
UBS economist Arend Kapteyn says the global economy today is considerably less exposed to an oil price shock than during the 1970s. Despite elevated crude prices and recent supply disruptions, oil spending as a share of GDP has declined markedly since 1974, reducing potential macroeconomic strain even if prices rise to $100 per barrel.
Markets showed tentative relief after Iran signalled it would permit some non-combatant ships to transit the Strait of Hormuz, helping push Brent and U.S. crude lower and lifting equity benchmarks in Asia and Europe. Reports of a reported 15-point plan including a month-long ceasefire have circulated alongside official denials from Iran and ongoing…
A Blue House official said South Korea can sustain a stable liquefied natural gas supply through the end of 2026, as the country brings in LNG from non-Middle Eastern sources and prepares contingency measures in case of disruptions to shipments from Qatar, a principal supplier. Officials report no formal force majeure declaration from Qatar to date…
Gulf Arab delegations told the U.N. Human Rights Council in Geneva on March 25 that Iranian attacks on their infrastructure represent an existential threat to regional and international security. The council is set to vote on a motion condemning Iran's strikes, seeking reparations and requesting monitoring by the U.N. rights chief, who warned that …
U.S. suppliers have routed about 30,000 barrels of fuel to privately owned Cuban firms so far this year, according to shipping documents and tracking information reviewed by the author. The flows - small relative to national needs but growing week by week - reflect an exception to a broader U.S. policy that has sought to choke off state-run fuel su…
Gold climbed in Asian trade as UBS reiterated a year-end price target of $5,900 per ounce, saying recent weakness is temporary and presents a buying opportunity. The bank points to easing monetary conditions over time, persistent structural demand drivers and central bank purchases as reasons the metal should recover, even as near-term headwinds in…
Major financial houses have raised their 2026 oil-price forecasts after recent fighting involving the United States, Israel and Iran pushed crude prices higher. Morgan Stanley lifted its 2027 Brent outlook to $80 a barrel, while spot Brent traded above $100 and U.S. WTI near $89 as airstrikes continued and Tehran denied talks to end the conflict.
