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
European natural gas benchmarks rose modestly on Thursday as market participants awaited any indications from a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Attention centered on whether the talks would offer clarity on the U.S. and Israeli conflict with Iran, a disruption cited as affecting regional oi…
A blaze aboard the fully loaded Kuwaiti crude tanker Al Salmi, which was reportedly struck in an Iranian attack while anchored at Dubai Port, has been extinguished by maritime firefighting teams. The strike damaged the vessel's hull and prompted concerns about a potential oil spill. The incident occurred amid a series of recent attacks on merchant …
HSBC has increased its silver price projections for 2026 and 2027, forecasting averages of $75 and $68 per troy ounce respectively, up from earlier estimates. The bank nevertheless signals a restrained medium-term outlook, citing shrinking market deficits, falling industrial and jewelry demand, and rising mine and recycling supply that together red…
U.S. officials said China may consider buying more American energy following a lengthy meeting between Presidents Donald Trump and Xi Jinping in Beijing. The White House readout said Xi expressed interest in greater U.S. oil purchases to lessen reliance on the Strait of Hormuz, and U.S. Treasury Secretary Scott Bessent noted energy purchases - incl…
The first day of the U.S.-China summit in Beijing produced conciliatory rhetoric but few concrete investor takeaways, leaving markets focused on rising inflation readings tied to oil and an accelerating AI-driven rally led by semiconductor stocks. Bond yields climbed as Fed models revised near-term inflation prospects, even as equities pushed index…
U.S. President Donald Trump arrives in Beijing with the Iran war at the center of talks with President Xi Jinping. Diplomatic channels have made little headway since a fragile ceasefire took effect more than a month ago, and Washington is pressing China - a close partner of Tehran and a major buyer of Iranian oil - to use its influence to curb Iran…
Gold was largely unchanged in Asian trade as markets awaited a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. The metal found partial support from ongoing tensions in the Middle East and disruptions near the Strait of Hormuz, but stronger U.S. inflation readings and a firmer dollar capped upsid…
Cuba has run out of diesel and fuel oil, its energy minister said, as the capital Havana endures prolonged rolling blackouts. Authorities report no fuel reserves, with the grid operating only on domestic crude, natural gas and renewable inputs. Negotiations to import fuel are underway but complicated by rising global oil and transport prices and a …
Oil futures rose modestly on Thursday as markets awaited a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, while concerns over the Iran war and potential U.S. interest rate moves continued to weigh on prices. Brent traded near $105.76 and U.S. crude near $101.14, after a pullback the previous se…
Oil prices were mostly steady in Asian hours on Thursday as markets awaited a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping for potential direction on the Iran conflict. Brent and WTI rose about 0.1% to trade above $100 a barrel, while traders weighed geopolitical risks, agency warnings of prolonged under…
The U.S. House of Representatives passed H.R. 1346 on Wednesday, a bill that would allow retailers nationwide to sell gasoline blended with 15% ethanol throughout the year. The measure passed 218 to 203, drawing praise from biofuel and farm groups and criticism from refiners and some lawmakers over potential costs and budget implications. The Congr…
ICE canola futures closed lower amid a pullback in crude oil and broader vegetable oil contracts. Traders pointed to a relatively calm day in the Iran conflict, with a quiet Strait of Hormuz cited as a contributor to weaker Brent crude. July canola fell $6.30 per metric ton while November lost $4.20 to close at $759.70. Other oilseed and vegetable …
Chicago Board of Trade soybean futures rose to their highest level in two months on Wednesday as traders weighed the prospect of increased purchases by China after recent talks between U.S. and Chinese officials. The move followed a U.S. Department of Agriculture projection that 2026/27 U.S. soybean ending stocks would be smaller than analysts had …
Chicago Board of Trade corn futures finished nearly unchanged Wednesday as market participants monitored an ongoing U.S.-China leadership summit in Beijing for possible agricultural commitments. President Donald Trump arrived for a two-day meeting with President Xi Jinping, and traders are watching for any pledges by China to buy U.S. corn, wheat o…
Deal activity in the U.S. upstream oil and gas sector reached $38 billion in the first quarter of 2026, the strongest quarterly total in two years, driven largely by Devon Energy's $25 billion combination with Coterra and supported by other sizable transactions such as Mitsubishi's $7.6 billion acquisition of Aethon Energy. Market participants temp…
Euronext data released on Wednesday shows investment funds and other financial players reduced their net long exposure to milling wheat futures and options for the week ending May 7. Commercial participants also narrowed their net short stance in wheat. In rapeseed contracts, non-commercial players sharply cut net longs while commercial participant…
European natural gas benchmark prices dipped modestly on Wednesday after media reports indicated a small number of shipments had been permitted to transit the Strait of Hormuz. Market attention also shifted toward an upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which could touch on trade, Taiwan and wider g…
In a programme of 37 bills presented as the government’s priorities for the coming parliamentary session, ministers have set out measures spanning trade, regulation, national security, immigration, energy and constitutional reform. The King’s Speech - delivered by the monarch but drafted by government ministers - follows internal pressure on Prime …
U.S. consumer inflation accelerated in April, reinforcing expectations of tighter monetary policy and lifting long-term Treasury yields above 5%. Markets reacted to hotter-than-forecast price data, renewed pressure on oil from the Iran war stalemate and a high-profile diplomatic visit to Beijing, while equities and scheduled economic releases remai…
Copper futures climbed to an all-time high on the London Metal Exchange, prompting broad gains among UK mining stocks across the FTSE 100 and FTSE 250. Supply-side constraints affecting refining inputs and a persistent appetite from China’s industrial sector, alongside structural demand from data centres, electric vehicles and grid electrification,…
Victor Rodríguez, the 69-year-old chief executive of state oil company Pemex and a close ally of President Claudia Sheinbaum, is confronting rising uncertainty about his role as the company struggles with internal fragmentation, safety incidents, missed production targets and significant liabilities. Sources say Sheinbaum has increasingly intervene…
French Finance Minister Roland Lescure stated that France has no current plans to release additional oil stocks but did not rule out revisiting the decision in the weeks ahead. His comments came before a G7 meeting where energy security is expected to be discussed. The International Energy Agency has warned of a global oil supply shortfall this yea…
President Donald Trump departed for a summit in China while signalling he does not expect to rely on Beijing to resolve the Iran war. With maritime traffic through the Strait of Hormuz still disrupted, competing demands from Washington and Tehran remain far apart. The conflict is exerting pressure on global energy supplies, raising military expendi…
The International Energy Agency reported a 460,000 barrels-per-day drop in Russia's crude oil production in April year-on-year, to just above 8.8 million bpd. The agency also recorded a fall in oil product exports to 2.2 million bpd - the lowest level on record - while crude exports rose to 4.9 million bpd in April. The IEA linked the production an…
China and the United States are discussing whether to extend a temporary agreement on rare earth export curbs at a leaders' summit this week. Chinese customs figures, however, show continued steep reductions in shipments of several specialty heavy rare earths since controls were imposed in April 2025. The constrained flows have pushed prices sharpl…
