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.
2,694 total articles
President Trump told reporters that Chinese President Xi Jinping agreed Tehran should reopen the Strait of Hormuz, a vital corridor for global oil and liquefied natural gas shipments. China’s foreign ministry, however, issued a statement criticizing the conflict and gave no sign it would intervene. The dispute has already disrupted shipping through…
Cuba's government announced near-doubling of retail gasoline and diesel prices, but most public filling stations in Havana remained shut and officials have not said when fuel sold at the new rates will be available. The island has received no oil shipments since a Russian tanker delivered roughly 700,000 barrels in late March, a supply Cuban author…
Chicago Board of Trade corn futures dropped to a four-week low on Friday after U.S.-China trade talks in Beijing produced no specific, verifiable commitments for purchases of American agricultural commodities. Traders had hoped for firm purchase volumes for grains but were left without detailed assurances; market participants also pointed to techni…
U.S. soybean futures fell to their lowest level in over two weeks after a summit in Beijing between U.S. and Chinese leaders did not produce specific purchase agreements for American agricultural commodities. Corn hit a three-week low and wheat weakened as market participants adjusted expectations that had factored in potential new China purchases.
Roberto Sanchez, a left-wing lawmaker and former cabinet minister, has advanced to Peru's presidential runoff against conservative frontrunner Keiko Fujimori after securing 12.03% of the vote in April's general election. Sanchez is campaigning on convening a constituent assembly to draft a new constitution, increased state oversight of mining and g…
Recent EPA mandates that require record volumes of biofuels, combined with sharply higher diesel prices amid the U.S.-Israeli war on Iran, have pushed U.S. refiners into profitability on renewable fuels. Large refiners report swings from losses to gains in renewable diesel and biodiesel units, while tradable RIN credits and tight diesel supplies su…
The United States and Brazil, the world's leading ethanol producers, are preparing for notable increases in exports as a number of fuel-consuming countries move to diversify supply amid ongoing Strait of Hormuz tensions. The U.S. has recorded a 20% rise in ethanol exports so far this year, while Brazil could more than double shipments in the 2026/2…
Northwest European gasoline refining margins dropped roughly 14% to $27.42 per barrel as inventories in the Amsterdam-Rotterdam-Antwerp hub rose and crude prices firmed. Market trading showed multiple barges of E5 and E10 gasoline changing hands among major oil companies and traders while monthly export volumes from the EU-27 and UK declined versus…
Euronext wheat fell for a third straight session as global grain markets reacted to announcements from a U.S.-China summit and signs of improved crop conditions in Europe. The September milling wheat contract dropped to 209.50 euros per metric ton after funds reduced long positions following summit statements about future Chinese agricultural purch…
President Donald Trump said aboard Air Force One on May 15 that he discussed the potential removal of sanctions on Chinese firms that buy Iranian oil during his two-day summit in Beijing with President Xi Jinping, and that he expects to decide within days. He also said U.S. and Chinese leaders discussed broader energy trade and agreed on pressure t…
Brazilian federal police have carried out an operation tied to suspected tax evasion that targeted former Rio de Janeiro governor Claudio Castro and Refit owner Ricardo Magro, according to sources close to the investigation. The Supreme Court has ordered the freezing of roughly 52 billion reais in assets and suspended the economic activities of com…
A lack of concrete outcomes from the Trump-Xi summit, coupled with a continuing stalemate in the Middle East, has left oil prices elevated above $100 per barrel and inflation readings in the U.S. showing their largest monthly rises in years. The result: global bond yields are climbing, with long-term U.S. borrowing costs reaching levels not seen si…
London-listed mining equities dropped sharply, with the sector losing between 3.5% and 7.4% as renewed strains in U.S.-Iran relations prompted a broad pullback in gold and commodities. Spot gold fell 2.6% to $4,566.75 an ounce as investors unwound positions tied to a possible easing of geopolitical risk. Major miners including Antofagasta, Anglo Am…
After talks in Beijing, U.S. President Donald Trump said he and Chinese President Xi Jinping agreed that Iran must not be allowed to obtain a nuclear weapon and that the Strait of Hormuz should be reopened. The discussions touched on the Iran war, Taiwan, trade and other issues, but diplomatic efforts to end the conflict remain stalled as maritime …
U.S. Justice Department sources say prosecutors are preparing an indictment charging former Cuban president Raul Castro in connection with the 1996 downing of humanitarian aircraft. While the timing remains unclear and grand jury approval is required, the move comes amid strained U.S.-Cuban relations and recent high-level conversations about econom…
U.S. Trade Representative Jamieson Greer reported progress in Chinese shipments of rare earths to the United States, including significant recent deliveries of yttrium. However, he said some export licences are still delayed and U.S. officials must occasionally intervene for affected firms. Beijing's April 2025 export controls remain in place for c…
Gold retreated for a fourth consecutive trading session as a sequence of stronger-than-expected U.S. economic releases pushed the dollar higher and reduced the odds of near-term Federal Reserve easing. Investors also monitored a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing and ongoing Middle E…
Oil prices ticked up as market unease persisted over recent maritime incidents and constrained supply. Brent and U.S. West Texas Intermediate futures rose modestly by early trading, while reports of a ship seized by Iranian personnel, the sinking of an Indian livestock carrier and mixed Strait of Hormuz transit figures kept traders cautious. Offici…
U.S. Trade Representative Jamieson Greer said Chinese officials conveyed at the U.S.-China summit that they want the Strait of Hormuz reopened without restrictions or tolls and that Beijing intends to act pragmatically to limit military support for Iran. Greer made the remarks in a live interview from Beijing after participating in meetings between…
Oil prices rose in Asian trade and were poised for substantial weekly increases as the Strait of Hormuz remained effectively closed and markets monitored a second day of talks between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. Brent and WTI both advanced while concerns over restricted tanker traffic, a recent ship seiz…
Chicago Board of Trade soybean contracts fell after a summit between U.S. President Donald Trump and Chinese leader Xi Jinping in Beijing did not generate new agricultural purchase commitments from China. Remarks from U.S. Treasury Secretary Scott Bessent and weak export and processing indicators weighed on prices, while analysts cited existing pur…
Mexico has placed a temporary hold on imports from the United States of live breeding pigs, semen and certain pork offal after U.S. authorities identified pseudorabies virus antibodies in a small number of swine. The move, implemented as a precaution, excludes pork meat and is expected to affect a limited share of U.S. shipments to Mexico while aut…
Cuba experienced a partial collapse of its electrical grid early on Thursday, cutting power across much of the country's eastern region. The national grid operator said some essential services were re-energized by mid-morning, but large areas east of Camaguey, including Santiago de Cuba, remained without electricity. The outage compounds weeks of s…
Lawyers for Venezuela told a Delaware court that Citgo Petroleum's value has risen significantly since a November ruling that cleared the $5.9 billion sale of its parent company, PDV Holding, to Amber Energy. In a May 12 letter unsealed Thursday, counsel argued that a conservative valuation now places Citgo at $15.1 billion and that the planned exe…
India has imposed a 100-kilogram cap on duty-free gold imports per licence for jewellery manufacturers using the advance authorisation scheme, while adding verification and reporting requirements to curb overseas purchases of precious metals. The move follows a recent increase in import tariffs on gold and silver to 15% from 6% aimed at alleviating…
