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.
1,905 total articles
Mexico is currently reassessing its role as a crucial oil supplier to Cuba, responding to internal apprehension regarding potential retaliation from the United States amid heightened geopolitical tensions. With Venezuelan oil shipments to Cuba suspended due to U.S. actions, Mexico stands as the main oil provider to the Caribbean island. Mexican Pre…
The Trump administration is reportedly evaluating the possibility of enforcing a comprehensive naval blockade on oil shipments headed to Cuba. This potential policy shift is part of discussions aimed at intensifying pressure on the Cuban government to induce political change. Key figures within the administration have expressed support for such mea…
Valero and Phillips 66 have purchased Venezuelan crude oil cargoes from trading house Vitol for delivery to the U.S. Gulf Coast, marking some of the first U.S. purchases tied to Washington’s authorization to export up to 50 million barrels from Caracas. The crude was traded at a discount to Brent, while Vitol and Trafigura, which received U.S. lice…
U.S. energy companies have shown a slight increase in their oil and natural gas drilling platforms for the first time in three weeks, with rig counts rising by one unit to 544 in the week ending January 23. Despite this increase, the total rig count remains notably below last year's level. This development appears alongside persistent declines in r…
SLB told investors it can quickly ramp up work in Venezuela if appropriate licences, safety protocols and compliance arrangements are put in place. The company and Halliburton have both held discussions with U.S. officials about potential investment after political changes in Venezuela, and analysts say they are well positioned to benefit if foreig…
Brazilian instant coffee exporters are requesting clarification on why the United States continues to impose a 50% tariff on their products, even after other varieties of Brazilian coffee exports were relieved from import duties. This ongoing tariff, originating from trade disputes linked to political tensions between the countries, has affected ex…
The United States has sanctioned nine vessels identified as part of Iran's 'shadow fleet' and eight related firms, aiming to intensify pressure on Tehran following lethal suppression of domestic protests. These ships, along with their owners and operators based in countries including India, Oman, and the UAE, have been integral in transporting subs…
The United States has escalated its efforts to restrict the influence of Iranian-backed armed groups in Iraq by threatening major sanctions against the Iraqi government. These sanctions could target Iraq's critical oil revenue managed through the Federal Reserve Bank of New York, pressuring Iraqi political leaders against including Iran-linked fact…
In response to extensive Russian strikes that have incapacitated power supply to around one million Ukrainians during a severe cold spell, the European Union is delivering emergency generators to restore electricity to essential services. Concurrently, France is initiating a coordination call with international allies to enhance support for Ukraine…
Recent developments surrounding U.S. interest in Greenland have sparked significant market reactions and highlighted persistent uncertainties in international trade and monetary policies. Following intense speculation and shifts in diplomatic stances, markets experienced notable volatility, revealing sector vulnerabilities and geopolitical concerns…
Ukraine's reliance on nuclear-generated electricity places its power grid at significant risk as escalating attacks focus on key substations supplying nuclear energy. With existing generation capacity halved and imports unable to fully compensate, targeted strikes on infrastructure could lead to widespread blackouts and potentially devastating cons…
China is preparing to introduce liquefied natural gas (LNG) futures contracts denominated in yuan on the Shanghai Futures Exchange (ShFE) as early as next month. This strategic move intends to decrease reliance on foreign pricing benchmarks and strengthen financial market mechanisms to support domestic energy needs. The initiative comes amid shifti…
Oil prices increased during Asian trading hours after U.S. President Donald Trump announced a U.S. naval fleet heading toward Iran, raising investor fears over potential disruptions to oil supplies in the Middle East. Despite earlier losses, crude oil is on track for its fifth consecutive week of gains fueled by expectations of stronger demand and …
In Asian markets, gold prices reached unprecedented heights, nearing the significant $5,000 per ounce mark, fueled by geopolitical instability and a weakening US dollar. Silver and platinum followed suit, also achieving record prices amid ongoing uncertainty, despite a partial retreat after a US trade announcement involving Greenland. This momentum…
Oil prices experienced a rebound on Friday following statements by U.S. President Donald Trump that highlighted an upcoming deployment of naval forces toward Iran. These remarks have amplified fears of potential military conflict that could interfere with oil supply lines, particularly given Iran's significant role as an oil producer in OPEC and ex…
The U.S. Department of Energy is undertaking a major restructuring of nearly $84 billion in energy loans originally granted under the previous administration, pivoting away from renewable energy subsidies like wind and solar. This decision reflects the current administration's priority to bolster fossil fuel and nuclear projects, impacting the fina…
Efforts by Republican members of the U.S. Congress to pass legislation permitting year-round sales of the higher-ethanol E15 gasoline blend have stalled. Instead, lawmakers have agreed to form a dedicated task force to explore key issues surrounding E15 sales and biofuel policies, a move that has been met with disappointment by farm groups and etha…
The U.S. government has set fresh stipulations on China's ability to acquire Venezuelan oil, insisting on transactions at fair market values instead of previously discounted rates. This shift follows the U.S. seizure of Venezuela's oil resources and its intent to oversee oil sales, emphasizing that the majority of Venezuelan oil must be sold to the…
The U.S. administration has permitted China to continue buying Venezuelan crude oil but mandates that these transactions occur at competitive market prices, diverging from the previously discounted rates offered under Nicolas Maduro's regime. This oversight follows the U.S. seizure of control over Venezuela's oil sales after the capture of Maduro.
Recent data from the Energy Information Administration reveals that U.S. gasoline inventories have surged to the highest levels seen in nearly five years, while gasoline demand has contracted to its lowest in three years. Concurrently, distillate stockpiles have expanded across multiple regions, marking key highs over recent years.
The PJM Interconnection, the largest electricity grid in North America serving 67 million people across 13 states and Washington, D.C., is projected to experience historic winter demand next week. A significant cold front sweeping through the eastern United States is driving this surge, with PJM forecasting peak electricity consumption surpassing i…
Finnish President Alexander Stubb has proposed the development of an extensive plan to enhance security across the Arctic region, with a targeted completion by the NATO summit scheduled for July in Turkey. This initiative follows the United States' announcement of an agreement securing permanent U.S. access to Greenland, a move aimed at addressing …
Trafigura has completed its inaugural delivery of Venezuelan crude oil, shipping a cargo to Spain’s Repsol under a 50-million-barrel export agreement sanctioned by the United States and Venezuela. This milestone represents one of the first Venezuelan crude sales to Europe following recent political developments and marks a significant step in re-op…
Venezuela's proposed overhaul of its hydrocarbons legislation intends to grant both foreign and domestic companies unprecedented operational autonomy, enabling them to manage oilfields independently and commercialize production even as minority partners with state-owned PDVSA. The reform, submitted by interim President Delcy Rodriguez to the Nation…
The French navy intercepted the Russian tanker GRINCH in the Western Mediterranean, an operation supported by multiple allied navies including the UK. The vessel is suspected of evading sanctions by operating within a shadow fleet that facilitates Russia's oil exports despite European Union restrictions. This enforcement action emphasizes ongoing i…
