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.
2,695 total articles
California motorists saw average gasoline prices top $6 a gallon, the highest since October 2023, as disruptions tied to the Iran conflict reduced global oil flows and strained deliveries to the state. The spike has sharpened political disputes over state fuel taxes and energy policy while squeezing consumers and raising concerns about summer trave…
Oil prices rose in early Asian trade after a volatile finish to April, supported by concerns that disruptions tied to U.S.-Iran hostilities and bottlenecks in the Strait of Hormuz could keep supplies constrained. Brent futures jumped to $111.50 a barrel for July delivery, while U.S. WTI rose above $105 a barrel, underpinned by reports of possible U…
Central bankers from Tokyo to Washington are increasingly divided over how to react to a sharp energy shock. With Brent crude near $120 a barrel and visible splits on policy committees, investors may face more uncertainty, mixed messages on rates, and higher market volatility in the months ahead. High-profile votes at the U.S. Federal Reserve and t…
Venezuela's acting president Delcy Rodriguez said the country's monthly minimum income will be raised to $240 and pensions to $70, a 40% boost for retirees, as public sector workers stage protests over insufficient pay. Rodriguez framed the move as a step to restore wage purchasing power while noting uncertainty over the split between base salary a…
India has reduced export duties on diesel and aviation turbine fuel, cutting the levy on diesel to 23 rupees per litre from 55.5 rupees and lowering the export duty on aviation turbine fuel to 33 rupees from 42 rupees. Duties on petrol exports remain zero, and levy rates on petrol and diesel for domestic consumption were maintained. The moves come …
A 60-day legal deadline tied to the 1973 War Powers Resolution is set to expire on May 1 after the U.S. formally notified Congress following the start of military action on February 28. With the situation reduced to a tense stalemate over maritime routes and a fragile ceasefire in place, the administration is weighing whether to seek a 30-day exten…
Independent storage of jet kerosene in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped about 4.7% week-on-week to 552,000 metric tons, the lowest level since March 2020, driven by a halt in imports and continued firm demand from inland locations, Insights Global reported. Other product movements included a 1% decline in gasoi…
Prices for Russia's Urals crude at western ports returned above $100 per barrel after a broad rebound in global crude values. Traders' calculations put Urals at about $104 FOB at Primorsk and roughly $106 FOB at Novorossiisk, supported by stronger Brent and supply-concern dynamics tied to strained US-Iran negotiations and tensions in the Gulf regio…
Repsol's CEO Josu Jon Imaz said the Spanish energy group is not rushing to pursue a U.S. listing or reverse merger for its upstream oil and gas unit, despite prior plans pointing to a potential 2026 liquidity event. While the unit is technically ready for the American market, Imaz said Repsol and its partner EIG remain aligned in preferring to wait…
Chicago Board of Trade grain contracts gave back earlier advances on Thursday, mirroring a pullback in global crude oil after it surged to a four-year high. Soybeans led the decline, while corn and wheat also eased from multi-week highs as market participants weighed oil moves, planting progress in the U.S. Midwest and new Indonesian import control…
Paraguayan President Santiago Peña will travel to Taiwan from May 7 for a state visit that officials say is intended to strengthen diplomatic and economic links. The trip occurs as China expands engagement with Paraguayan political circles and as internal debate grows over the economic costs of recognising Taipei. Peña's administration has reiterat…
UBS strategists say gold could reach about $5,900 per ounce by late 2026, driven mainly by investment demand, central bank buying and macroeconomic forces including expectations of a weaker U.S. dollar and declining real interest rates. Near-term volatility and elevated real yields related to an oil shock may limit immediate upside, but the bank vi…
Global crude climbed to the highest level in more than four years on fears that a U.S.-Iran war could deepen and choke supplies, but prices retreated from intraday peaks as markets absorbed heightened volatility around contract expiries and large sell orders. The conflict has already tightened flows through the Strait of Hormuz and pushed both Bren…
UBS has reduced its silver price projections across several horizons, citing weaker investment demand, softer industrial consumption particularly from photovoltaics, stronger mine output and falling ETF holdings. The bank trimmed its June, September, December and March 2027 targets and now expects a much smaller 2026 market deficit than previously …
A fresh surge in oil prices tied to the Iran conflict pushed crude to the highest levels since the war began, complicating market reaction to a hawkish Federal Reserve hold and heavy tech sector capital spending. Treasury yields and futures repriced Fed prospects, while earnings from major technology firms pointed to continued large-scale AI invest…
Chinese customs records show a 60-ton shipment of yttrium oxide to the United States in March, a volume 50% larger than all yttrium exports to the U.S. since Beijing imposed export controls last April. The move comes after most rare earth exports resumed following a trade truce late last year, though yttrium shipments had largely remained halted, d…
Saudi Arabia's real gross domestic product expanded 2.8% year-on-year in the first quarter, according to preliminary government figures, down from 3.7% a year earlier. The slowdown reflects the economic effects of regional hostilities tied to the U.S.-Israeli campaign against Iran and subsequent Iranian strikes that have damaged energy infrastructu…
The United Arab Emirates will leave OPEC on May 1, freeing itself from group production quotas and reducing OPEC+ control of global oil output. While the exit weakens the alliance’s market influence, delegates and analysts say the remaining members are likely to continue coordinating oil supply policy rather than fragmenting.
Around Myrotske and other sites north-west and north of Kyiv, Ukrainian demining crews are pairing manual detection with remote-operated machines and artificial intelligence to clear vast areas contaminated by mines and unexploded ordnance. Organisations such as HALO Trust have mobilised local staff and begun using AI to analyse drone imagery and t…
Gold recovered modestly from a one-month trough in Asian trading as markets balanced persistent concerns over the U.S.-Iran war with signs of a potentially hawkish outlook from the Federal Reserve. While bullion gained, broader pressures - including dollar strength and rising oil prices - continued to cap upside for non-yielding assets.
Unidentified sources say President Donald Trump will be briefed on Thursday by the head of U.S. Central Command, Brad Cooper, on several new military options concerning Iran. Plans described as a "short and powerful" strike package, a possible operation to secure part of the Strait of Hormuz to reopen commercial shipping, and a special forces opera…
Crude prices continued to climb as the stalemate in efforts to resolve the U.S.-Israeli conflict with Iran keeps key Middle East supplies constrained. Benchmark contracts posted further gains after strong prior-session rallies, while geopolitical moves - including shipping restrictions through the Strait of Hormuz and a nascent U.S. blockade of Ira…
Brent futures briefly climbed above $120 a barrel as continued disruption of the Strait of Hormuz and reports of U.S. plans for an extended naval blockade of Iran pushed oil prices higher. West Texas Intermediate also rose, while diplomatic efforts to reopen the waterway remain stalled and uncertainty around OPEC membership and regional retaliation…
Goldman Sachs says the United Arab Emirates' decision to leave OPEC and the wider OPEC+ alliance increases the risk that oil supply could rise more than previously expected over the medium term. While immediate output remains constrained by the effective closure of the Strait, the exit could allow Abu Dhabi to expand production once export routes r…
Chicago Board of Trade soybean futures climbed after crude oil surged and soybean crush margins strengthened, lifting demand for soy-based biofuel feedstock. U.S. early planting remains on track but potential Midwest storms could slow seeding in parts. Brazil's April export estimate was revised modestly lower by ANEC.
