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
Shipping through the Strait of Hormuz has fallen to just five vessels in the last 24 hours, shipping data showed, amid seizures of two container ships by Iran and an ongoing U.S. naval blockade. The dramatic reduction from pre-war averages has disrupted oil and LNG flows and left hundreds of vessels and thousands of seafarers stranded in the Gulf, …
Two leading oilfield services companies signaled expectations for increased exploration and production spending after recent Middle East disruptions curtailed flows through the Strait of Hormuz and forced widespread production shut-ins. Executives pointed to the need for greater upstream investment, supply diversification and potential acceleration…
The administration approved a 90-day extension of a Jones Act waiver that permits foreign-flagged vessels to transport oil, fuel and fertilizer between U.S. ports. The extension, announced three weeks before the prior waiver's May 17 expiration, aims to reduce energy price pressures linked to conflict with Iran and to provide stability for supply c…
A Reuters/Ipsos poll conducted April 15-20 finds 77% of registered voters assign at least some responsibility to President Donald Trump for recent gasoline price increases linked to the U.S. and Israel’s military strikes on Iran. The polling shows widespread cross-party attribution of blame, growing voter concern about fuel costs and a correspondin…
A U.S.-mediated extension of a Lebanon-Israel ceasefire was described as "meaningless" by Hezbollah after the agreement was prolonged for three weeks, even as exchanges of fire continued in southern Lebanon. Lebanese authorities reported two deaths from an Israeli airstrike and Hezbollah said it shot down an Israeli drone. The April 16 agreement do…
Summary: Oil prices rallied in early Asian trading after last week's gains, driven by a lack of progress in U.S.-Iran engagement and continued limited flows through the Strait of Hormuz. Brent futures rose more than 2% to $107.48 a barrel by 19:36 ET (23:36 GMT) as market participants weighed a cancelled U.S. diplomatic trip to Pakistan, an ongoing…
Since the October summit between Presidents Xi and Trump, China has moved beyond public restraint and enacted a suite of laws and regulations that expand its capacity to retaliate or exert leverage over foreign companies and governments. Measures include new supply-chain investigatory powers, tightened rare earth licensing, bans on certain foreign …
During the pause in tariff escalation agreed in Busan last October, China has enacted a range of measures that expand its legal powers, tighten controls on critical technologies and raw materials, and broaden tools for retaliatory economic action. Beijing’s steps span from new export controls on solar and rare earths to domestic content rules for c…
President Donald Trump told Fox News that Iran can contact the United States by phone or visit if it wishes to negotiate an end to the conflict between the two countries. The comment came as Mr. Trump canceled a planned Pakistan trip by envoys Steve Witkoff and Jared Kushner, a move described as a setback to peace prospects after Iranian Foreign Mi…
Israel's military has instructed civilians in seven Lebanese towns north of the Litani River to evacuate, saying Hezbollah is breaching a fragile ceasefire. The order covers towns located outside the southern 'buffer zone' previously occupied by Israeli forces, and comes amid continued skirmishes, intercepted drones and conflicting claims about att…
Australia's Foreign Minister Penny Wong will travel to Japan, China and South Korea this week to hold high-level discussions focused on energy and fuel security amid disruptions tied to the Middle East conflict. Wong said the meetings aim to ensure effective coordination as global energy markets face upheaval, and will include the eighth Australia-…
Sustained shooting was heard in Kati, a garrison town close to Mali's capital, on Sunday following coordinated assaults attributed to an al Qaeda affiliate and a Tuareg rebel group. The United Nations called for an international response to the wave of violence in the Sahel. Officials reported injuries and imposed a three-day curfew while some insu…
A prolonged closure of the Strait of Hormuz is set to tighten global LNG supplies through 2026, with BCA Research estimating at least a 6% drop in exports this year even if the channel reopens by May. Asian importers are already adapting through rationing, greater coal use and spot purchases; the market may only rebalance once large-scale liquefact…
A coordinated series of attacks struck military sites across Mali on Saturday, targeting locations in and around the capital Bamako and several northern towns. Mali’s army said it repelled the assault and killed "several hundred" assailants, while al Qaeda-linked Jama’at Nusrat al-Islam wal-Muslimin (JNIM) and the Tuareg-dominated Azawad Liberation…
The U.S. government has agreed to alter sanctions on Venezuela so the Venezuelan state can pay for the legal defense of Nicolás Maduro, who, along with his wife Cilia Flores, was transferred to New York to face criminal charges. The move addresses a constitutional challenge raised in federal court that argued sanctions interference deprived Maduro …
On April 25 a drone struck a multi-storey residential building in Yekaterinburg, the Sverdlovsk regional governor said, marking the first reported attack on the city since the start of the Russia-Ukraine conflict. There were no fatalities; several people sustained minor injuries and one woman was hospitalised. Authorities evacuated residents and em…
Prime Minister Mark Carney said U.S. President Donald Trump has not used language suggesting Canada must pay an "entry fee" before a scheduled review of the United States-Mexico-Canada Agreement can begin. Canadian officials remain skeptical the review will conclude by the July 1 deadline amid unresolved tariff disputes and insist all outstanding i…
U.S. crude, refined products and LNG exports have risen sharply as markets seek alternatives to supply disrupted by conflict around the Strait of Hormuz and damage in Qatar. U.S. Energy Information Administration data show total crude and petroleum product exports reached a record 12.9 million barrels per day last week. Rising tanker traffic to the…
Federal investigators carried out a criminal search at the Houston offices of Ikon Midstream this week, executing a search warrant that targeted computers and documents as part of an ongoing probe connected to diesel shipments that ultimately reached Mexico. U.S. and Mexican authorities have separately expanded inquiries into cross-border fuel ship…
Russian Foreign Minister Sergei Lavrov told state television that the United States has abandoned established diplomatic norms and is pursuing its own interests, particularly to dominate global energy markets. In remarks posted on the Foreign Ministry website, Lavrov criticised U.S. conduct in Latin America and the Middle East, referenced alleged U…
U.S. oil and natural gas drilling activity rose by a single rig in the week to April 24, reversing three consecutive weeks of declines, according to Baker Hughes. The total active rig count reached 544, up from the prior week but still down year-on-year. Oil rigs fell while gas rigs posted gains, reflecting divergent trends within the industry.
Major oilfield services providers SLB and Baker Hughes said firms are likely to boost spending on exploration and production after disruptions tied to the U.S.-Israeli war with Iran reduced global flows and focused attention on energy security. Company executives and industry analysts expect demand for drilling and related services to pick up, with…
The State Department's chief legal officer has argued that the U.S.-led bombing campaign against Iran constitutes an act of self-defense and collective defense of Israel, describing the strikes as an extension of an ongoing conflict rather than the start of a new war. The legal rationale was made public days before a May 1 deadline under the 1973 W…
Trade groups representing ethanol producers, farmers and convenience retailers are urging lawmakers to approve a Farm Bill amendment that would permit, but not require, sellers to offer E15 gasoline across the country throughout the year. Supporters say the move could increase options at the pump and help blunt recent price spikes linked to disrupt…
The United States and the European Union formalized a memorandum of understanding to cooperate on producing and securing critical minerals, and unveiled an action plan to coordinate trade policies aimed at countering non-market practices that have distorted critical minerals supply chains. Officials said the effort is intended to diversify supply s…
