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.
2,682 total articles
Residents of coastal Veracruz towns have found oil on beaches and in fishing gear, disrupting livelihoods and raising fears that a nearby lagoon used for fish and shrimp farming could be contaminated. Locals organized manual clean-up of hardened tar as the viscous substance spread along the Gulf of Mexico coastline. Authorities have not identified …
Oil prices retreated in Asian trade after five consecutive sessions of gains, but remain positioned for a steep weekly rise as escalating hostilities in the Middle East raise the prospect of supply disruptions. Traders took profits following a rapid rally, yet the market remains supported by ongoing attacks and infrastructure risks in the region. A…
Oil prices slipped for the first time in six trading days after U.S. officials signaled potential intervention in the oil futures market to dampen rising prices and issued waivers allowing purchases of sanctioned Russian crude held on tankers. Brent and West Texas Intermediate both fell, reversing a multi-session rally tied to disruptions in Middle…
Senate Democrats announced they will reopen negotiations on legislation intended to accelerate permitting for large infrastructure projects, citing recent federal action to review stalled renewable energy applications. The move follows concern from both parties about delays to projects already fully permitted and comes as the House-passed SPEED Act…
Gold held near recent lows in Asian trading on Friday, with a firmer U.S. dollar and climbing Treasury yields dampening demand for the metal despite escalating conflict in the Middle East. Spot gold traded around $5,080.37 an ounce by 20:25 ET (01:25 GMT), while U.S. gold futures rose 0.3% to $5,091.040. The metal slipped 1% in the prior session an…
A senior White House official indicated the U.S. Treasury could announce measures as soon as Thursday to address surging energy prices, and those actions might include direct engagement in the oil futures market. Market observers caution that such financial interventions could moderate speculative activity but cannot replace lost physical supply am…
After a two-day visit to Caracas, U.S. Interior Secretary Doug Burgum expressed optimism that a forthcoming mining law and the issuance of licences will spur foreign investment in Venezuela’s mineral and oil sectors. Burgum said the interim government led by Delcy Rodriguez pledged to provide security for companies conducting due diligence and reop…
Escalation of conflict in the Middle East has disrupted shipments through the Strait of Hormuz and forced production cuts at regional fertiliser facilities, sending fertiliser and fuel prices sharply higher just as Northern Hemisphere farmers prepare for spring planting. The squeeze is prompting some growers to consider changing crop plans or cutti…
The U.S. Treasury Department is preparing to unveil measures as soon as Thursday designed to address rising energy costs, potentially including steps involving the oil futures market, a senior White House official said. The contemplated approach would represent an uncommon effort to influence fuel prices via financial markets rather than through ad…
President Donald Trump told Reuters he will not release oil from the Strategic Petroleum Reserve despite a recent uptick in U.S. gasoline prices tied to the widening Iran conflict. He emphasized that the U.S. military operation takes precedence and expressed confidence that shipping routes such as the Strait of Hormuz will remain open.
Major maritime labour and industry groups have secured protections allowing seafarers to refuse to operate in the Middle East Gulf, including the Strait of Hormuz, after the threat level for the region was elevated to its highest setting. The negotiated terms include company-funded repatriation, minimum compensation of two months' basic wage, highe…
Prime Minister Keir Starmer said the United Kingdom and the United States continue to operate a close intelligence and defence partnership after U.S. criticism of his initial hesitation to allow use of British bases for strikes. Starmer defended withholding base access initially and later joining 'defensive' operations after Iranian retaliation, wh…
British Prime Minister reiterated that the UK is reinforcing its defensive posture in the Middle East by sending four more Typhoon fighter jets to Qatar. He defended the government's measured approach after criticism from international partners and a drone strike on a UK base in Cyprus, saying the UK had already been pre-deploying equipment across …
Israel has started to reopen its airspace following the outbreak of an Iran air war that began on Saturday, allowing a limited number of inbound flights to land at Ben Gurion International Airport. The Transportation Ministry reports that over 20,000 Israelis have returned since the conflict began, while about 120,000 remain abroad and are seeking …
Officials have signaled a preference for measures aimed at steadying shipping and oil markets as energy prices climb amid the Iran-related conflict. Wolfe Research, in a note led by Tobin Marcus, concluded a proposed government-backed maritime insurance program appears legally achievable under the U.S. International Development Finance Corporation,…
Israeli military operations against Iran have progressed into a second phase focused on underground facilities that store ballistic missiles and related equipment, according to two sources with direct knowledge of campaign planning. The joint U.S.-Israeli air campaign entered its first week after opening strikes killed Iran’s leadership and trigger…
Hostilities between the United States, Israel and Iran expanded sharply after a U.S. submarine torpedoed an Iranian frigate off Sri Lanka, resulting in dozens of deaths and missing crew, while NATO air defences intercepted an Iranian ballistic missile fired toward Turkey. The developments coincide with leadership uncertainty in Tehran and continuin…
Global equity markets staged a broad rebound, led by a sharp recovery in South Korea and gains in Japan, while U.S. indexes advanced on upbeat macro prints. Energy markets moved higher on the prospect of continued disruption in the Strait of Hormuz, and investors are watching upcoming U.S. labor data and other economic releases for further directio…
Indian refiners have begun taking on Russian crude cargoes that have been anchored in Indian waters, sources with direct knowledge said. The move comes as refiners seek to cover a narrowing supply window after reductions in Middle Eastern crude shipments, with several large tankers due to offload at state-owned and commercial ports this week.
An Iranian warship, IRIS Dena, was struck by a U.S. submarine-launched torpedo and sank on March 4 in the Indian Ocean. The ship had recently taken part in India’s MILAN naval exercise and went down within Sri Lanka’s exclusive economic zone near Galle. Sri Lankan authorities conducted search-and-rescue operations; 87 bodies were recovered, 32 sail…
Mexico's anti-corruption ministry has expanded internal investigations into suspected fuel smuggling at the ports of Guaymas, Tampico and Ensenada, and has ordered reviews within the Navy and customs agency. The action follows parliamentary questions from the opposition and stems from a 2025 investigation that drew attention to cartel-linked fuel c…
UBS strategists warn that silver is likely to experience continued volatility driven by recent geopolitical tensions but offer limited upside over the next 12 months. The bank expects prices to hover near $85 per ounce after a sharp rally and elevated market swings, with a mid-2026 peak near $100/oz before easing back toward $85 by March 2027.
China's recently announced 15th five-year plan lays out sectoral priorities with specific mentions of rare earths, efforts to curb overcapacity in heavy industry, carbon intensity targets, and production goals in oil, gas and agriculture. The plan reiterates support for domestic mining and explores export control measures while stopping short of ma…
Russia has publicly accused the United States and Israel of attempting to pull Arab Gulf countries into a wider regional conflict by provoking Iran into retaliatory strikes. Moscow says Iranian drone and missile attacks have followed air strikes by the United States and Israel and that these attacks have struck oil infrastructure and caused human a…
Summary - Iran launched a large-scale missile attack against Israel early on Thursday, sending civilians into shelters and intensifying a conflict that has broadened across the region. In Washington, Republican senators blocked a procedural motion that would have required congressional authorization to halt the U.S. air campaign, leaving the presid…
