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.
1,922 total articles
Gold and other precious metals held near recent lows in early Asian trade after a sharp selloff pushed gold below $5,000 an ounce. Investors are looking to U.S. consumer price index data for January for fresh signals on the likely path of interest rates, with prior strong U.S. labor data and political developments cited as drivers of recent volatil…
PJM Interconnection will extend a cap on prices in its capacity auctions for two years after legal pressure from the state, Pennsylvania Governor Josh Shapiro said on X. The governor said the step will save millions of Americans billions on power bills while PJM continues work on a backstop auction to manage rising demand across its 13-state system…
U.S.-controlled oil shipments from Venezuela have generated more than $1 billion to date and are expected to produce an additional $5 billion over the next few months, U.S. Secretary of Energy Chris Wright said in an interview. Much of the crude is being refined at U.S. facilities and the proceeds have been transferred to Venezuela's interim govern…
Higher prices for canephora coffee varieties, including robusta and conilon, are prompting producers in Brazil to establish crops in states that historically produced little or no canephora. Official Conab data and industry voices show notable increases in planting and output outside Espirito Santo - the traditional canephora heartland - as analyst…
President Donald Trump posted on Truth Social that billionaire energy entrepreneur Harry Sargeant III does not have authority to represent the United States, and described relations between Washington and Venezuela as "extraordinary." The statement comes after reports that Sargeant and his team had been advising the administration on ways to facili…
Argentina's Senate voted early Thursday to approve President Javier Milei's major labor reform, passing the measure 42 to 30 after more than 13 hours of debate. The bill, which now moves to the lower house for further consideration, introduces changes to hiring rules, vacation entitlements, the standard workday and limits on strikes. Lawmakers remo…
The Trump administration intends to announce a repeal of the 2009 finding that greenhouse gas emissions endanger human health, a legal foundation for federal climate regulations. The change would remove requirements tied to vehicle greenhouse gas standards and could reshape regulatory authority over emissions, while raising legal and market uncerta…
In an interview released by NBC News, Venezuela's interim president Delcy Rodríguez said she has been invited to the United States and that a visit is being considered once cooperation is established. The remarks coincided with a visit to Caracas by U.S. Energy Secretary Chris Wright. Rodríguez, who was sworn in as interim president in early Januar…
U.S. January employment data showed payrolls rising by 130,000 versus a 70,000 forecast, while the unemployment rate unexpectedly declined to 4.3% as labor force participation increased and average earnings growth accelerated. Markets reacted by re-pricing expectations for Federal Reserve rate cuts, with two cuts still implied for the year but the …
Ukraine's foreign ministry says oil transit through the Ukrainian stretch of the Druzhba pipeline has been stopped since January 27 after a targeted Russian strike that ignited infrastructure at the site. Images circulated by the ministry show emergency crews fighting the blaze. State oil and gas company Naftogaz also reported an attack on one of i…
The International Energy Agency reports a pullback in global oil supply in January driven by U.S. winter storms, an outage at Kazakhstan's Tengiz field and export constraints in Russia and Venezuela. The IEA now expects 2026 oil output to increase to 108.6 million barrels per day, but forecasts slower demand growth and anticipates a sizeable supply…
Oil prices climbed modestly in Asian trade as market participants priced in a higher risk premium tied to renewed U.S.-Iran tensions. Gains were limited after U.S. data showed stronger-than-expected payrolls and a surprise 8.5 million barrel build in weekly crude inventories, while attention turns toward Chinese travel demand for the Lunar New Year…
Gold and silver slipped in Asian trade after U.S. nonfarm payrolls for January came in stronger than anticipated, denting market bets on additional Federal Reserve rate cuts. Losses were capped by ongoing safe-haven demand tied to U.S.-Iran tensions and a still-weaker dollar this week amid yen strength.
Oil prices moved higher on Thursday morning as investors reacted to renewed tensions between the United States and Iran, even as a sizable U.S. crude inventory build limited gains. Market participants cited mixed signals: stronger-than-expected U.S. job data that supports demand expectations, and ongoing diplomatic uncertainty between Washington an…
Abelardo De La Espriella, running as an independent in Colombia’s May presidential election, says he would abandon peace talks and launch a military offensive against illegal armed groups to restore security and jump-start economic growth. His platform couples aggressive security measures with tax cuts, a smaller government, reactivation of hydroca…
The administration has ordered the Department of Energy to distribute $175 million to six coal-fired power stations across Kentucky, North Carolina, Ohio, Virginia and West Virginia for upgrades intended to keep the plants operating. The funding originates from a bipartisan infrastructure law passed during the Biden administration and was earmarked…
BCA Research warns that gold prices could suffer a meaningful near-term decline if the recent momentum-driven inflows into gold ETFs from China and other Asian markets unwind. While the firm highlights the tactical vulnerability created by regionally concentrated investment flows, it also says longer-term structural factors - including global inves…
Russia's aviation regulator said two Russian carriers will operate flights to extract Russian tourists from Cuba in the coming days, and will then suspend services to the island until a jet fuel shortage is resolved. The regulator identified the airlines as Rossiya - part of the Aeroflot group - and Severny Veter (Nordwind). The move follows Cuban …
OPEC's monthly report projects world demand for crude from the broader OPEC+ coalition will decline by 400,000 barrels per day in the second quarter compared with the first quarter, with quarterly and annual forecasts left unchanged from the prior report. The group paused additional production increases in Q1 2026 and will face a March 1 meeting wh…
A social media account linked to Chinese broadcaster CCTV warned that China could investigate French wines or impose reciprocal tariffs on EU goods if France pushes for sweeping tariffs on Chinese products. The warning followed a French government strategy report that recommended a 30% across-the-board tariff on Chinese imports or a 30% euro deprec…
European Union leaders will meet to discuss measures aimed at reducing the bloc's economic dependence on the United States and China. The agenda, set out by meeting chairman Antonio Costa, identifies five priority areas: cutting bureaucratic trade barriers, enabling EU firms to scale, protecting strategic industries, maintaining openness to trade w…
A softer-than-expected December retail report has heightened concerns about consumer spending just as markets await the January payrolls print and benchmark payroll revisions. Traders have pushed Fed cut odds forward, the dollar slid, yields fell amid heavy issuance, and equity sentiment cooled. Developments in AI and chipmaking continue to reshape…
The EPA's planned rescission of the 2009 endangerment finding that linked greenhouse gases to public health risks removes a statutory foundation for federal climate regulation and could re-enable so-called public nuisance lawsuits against emitters. Legal scholars and industry groups warn the policy reversal may permit a renewed wave of litigation t…
The Kremlin said it will request clarification from the United States after Washington issued a general license to enable oil and gas exploration and production in Venezuela that explicitly bars transactions involving Russian and Chinese nationals or entities. Kremlin spokesman Dmitry Peskov highlighted Russia's investments and long-term projects i…
U.S. Secretary of Energy Chris Wright will travel to Caracas this week for a high-level, on-the-ground evaluation of Venezuela’s oil industry, following a U.S. general license authorizing exploration and production. The trip includes planned meetings with government officials and executives from companies such as Chevron and Repsol, a site visit to…
