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.
1,995 total articles
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…
UBS has increased its forecast for platinum prices, anticipating levels of $2,500 per ounce in the near term. This upward revision follows a doubling of prices over the past seven months, propelled primarily by robust investment demand amid tight physical market conditions. While factors such as industrial and jewelry consumption, geopolitical tens…
Copper remains a central industrial metal, with 2025 patterns defined by concentrated mine production, heavy Chinese refining capacity, steady recycling contributions and supply disruptions that limited mine growth even as refined output expanded. This report outlines how ores are processed, where production and refining are located, how demand is …
Goldman Sachs has increased its gold price target for December 2026 from $4,900 to $5,400 per ounce, citing the realization of previously identified upside risks primarily driven by sustained private-sector demand and limited bullion availability amid central bank competition. The bank highlights robust inflows into western gold ETFs and growing ma…
Global equities climbed following the announcement that U.S. President Trump would not impose tariffs on Greenland, alleviating recent tensions. Despite this easing, markets remain cautious due to lingering unpredictability in U.S. policymaking during Trump's Davos attendance. Treasury yields softened, gold prices declined slightly, and semiconduct…
During the World Economic Forum in Davos, U.S. Energy Secretary Chris Wright called for more than doubling worldwide oil output to meet ongoing demand. He criticized the European Union's stringent environmental regulations and California's energy policies for hindering production and elevating costs. Wright and Occidental CEO Vicki Hollub underscor…
Following a framework agreement involving U.S. President Donald Trump on Greenland, NATO Secretary General Mark Rutte has indicated that the alliance must increase its focus on Arctic security. The operational specifics are to be worked through by NATO's senior commanders, with initial results anticipated by early 2026. Discussions on resource expl…
Oil prices declined modestly Thursday following a softening of tariff threats linked to Greenland and growing U.S. crude stockpiles. Despite recent supply concerns stemming from halted output in Kazakhstan's oilfields, market participants are weighing a complex backdrop of supply disruptions, inventory builds, and upward revisions to global demand …
Oil prices declined on Thursday, reversing gains from earlier sessions as easing geopolitical tensions and increased crude inventories affected market sentiment. U.S. President Donald Trump's decision to pull back on tariff threats towards European allies and his softened stance on potential military action in Iran reduced risk premiums. Supply int…
Two oil tankers confiscated by the United States during its enforcement campaign against Venezuelan oil shipments have been identified near Puerto Rico, marking the first observations since their seizure. The vessels, the M Sophia and Galileo, are part of a broader group of seven tankers detained recently. While exact plans remain undisclosed, the …
Gold prices experienced a modest decline after reaching historic highs near $4,900 per ounce, influenced by robust U.S. economic data and easing geopolitical tensions following President Trump's signals of a resolution regarding Greenland. Despite the pullback, forecasts anticipate continued strength in gold markets driven by private sector demand …
