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
U.S. Customs and Border Protection data show solar panels and cells, classified under a semiconductor devices code, represent 82% of the value of shipments stopped under the Uyghur Forced Labor Prevention Act. The seizures have disrupted projects and workforces in the solar sector, while most of the halted goods have since been released to importer…
Ivory Coast risks accumulating roughly 200,000 metric tons of unsold main-crop cocoa by the end of March if state-regulated farmer prices are not lowered, industry participants and trading executives warn. The mismatch between domestic farmer prices set last October and sharply weaker world prices has prompted international traders to stop buying, …
European Trade Commissioner Maros Sefcovic told lawmakers the EU expects a transitional phase of several months with the United States after Washington imposed a temporary import surcharge that may override a bilateral trade deal. U.S. officials have reassured him they still back last year’s agreement, but the temporary tariff - potentially in plac…
Iran has signalled readiness to take whatever measures are necessary to reach an agreement with the United States ahead of planned talks in Geneva, its deputy foreign minister said. Senior U.S. officials are due to meet an Iranian delegation for the negotiations amid a U.S. military buildup in the Middle East and continuing disputes over uranium en…
Freight rates for the largest oil tankers have climbed to their highest level in six years as a spike in crude shipments from the Gulf coincides with traders booking ships sooner amid the threat of U.S.-Iran military confrontation. A mix of stronger Middle Eastern exports, shifting buyer preferences, shrinking available tonnage and fears around war…
Canada announced it is preparing a plan to assist Cuba as the Caribbean nation confronts acute fuel shortages and extended blackouts following U.S. measures to block oil supplies, including shipments from Venezuela. Ottawa has expressed concern about the growing humanitarian risk and declined to disclose details of the planned support. Internationa…
Oil prices traded higher in Asian hours, hovering just under seven-month highs reached the previous session as market participants awaited a third round of U.S.-Iran nuclear talks in Geneva. Geopolitical tensions and recent diplomatic moves have kept a risk premium in prices, while renewed U.S. tariff actions have introduced uncertainty around glob…
Gold prices eased in Asian trade after a four-session advance and a three-week peak, as investors booked profits and the dollar firmed. Spot gold fell 1.1% to $5,172.42 per ounce by 21:20 ET (02:20 GMT), while U.S. gold futures dropped 0.6% to $5,193.44/oz. The retreat followed a 2.5% jump in the previous session amid revived concerns over U.S. tra…
A U.S. Chemical Safety and Hazard Investigation Board report attributes a fatal hydrogen sulfide release at Pemex’s Deer Park, Texas, refinery to the absence of a standardized system for identifying equipment to be opened for work. The October 10, 2024 incident released about 27,000 pounds of hydrogen sulfide, killed two workers, prompted shelter-i…
Oil prices held near a near seven-month high on Tuesday as market participants monitored the resumption of U.S.-Iran nuclear talks, heightened tensions in the Middle East and uncertainty over U.S. trade policy. Brent and U.S. crude saw modest declines after a choppy session that pushed benchmarks to their highest levels in months.
The U.S. Commerce Department is due to issue a preliminary determination on anti-subsidy duties for solar cells and panels imported from India, Laos and Indonesia. This announcement begins a two-step process in a trade case brought by a coalition of U.S. and international solar manufacturers seeking relief against alleged unfair subsidies and below…
Hungary has pledged to obstruct the European Union’s latest sanctions package on Russia and a proposed 90-billion-euro loan to Ukraine, tying its stance to a prolonged outage on the Druzhba oil pipeline. The dispute, involving Hungary, Slovakia and Ukraine, has raised energy-security concerns and put the bloc’s support for Kyiv on hold as attacks i…
Goldman Sachs increased its fourth-quarter 2026 Brent and WTI price forecasts, pointing to tighter OECD inventories and a higher near-term risk premium tied to Iran-related supply concerns. The firm kept its view of a sizeable 2026 global surplus but revised how that surplus is expected to be distributed, with a larger share accumulating as sanctio…
Goldman Sachs has raised its fourth-quarter 2026 price forecasts for Brent and WTI crude by $6 to $60 and $56 a barrel respectively, pointing to lower OECD stockpiles. The bank kept its 2026 surplus view of 2.3 million barrels per day and adjusted regional supply expectations amid realized production misses and improved capacity in some OPEC and Am…
Oil futures eased in Asian trade on Monday, reversing part of a recent surge as markets digested the prospect of further US-Iran nuclear negotiations and the impact of newly raised US global tariffs. Brent and WTI fell about 1% and 0.9% respectively as traders balanced hopes for de-escalation against trade-policy driven demand concerns.
Gold advanced for a fourth consecutive session on Monday, extending gains seen last week after U.S. tariff announcements and fresh economic data increased demand for safe-haven assets. Spot and futures prices rose, while investors moved toward traditional havens amid uncertainty over the tariffs' scope and persistent inflation readings.
India and Brazil formalised a pact to expand collaboration in mining and minerals during a visit by Brazil's president to New Delhi. The deal, signed in the presence of both leaders, targets increased investment in exploration, mining and steel-sector infrastructure as India seeks raw materials and technology to support rising domestic steel demand…
After a dramatic spike to a record intraday high at the end of January and an abrupt one-day drop, UBS strategists say the drivers behind gold's rally remain intact. The bank highlights ongoing central bank and ETF purchases and expects two U.S. rate cuts this year, forecasting a mid-year peak of $6,200 per ounce before year-end consolidation.
The National Energy Dominance Council will stage the inaugural Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo on March 14 and 15, with senior U.S. cabinet officials and business leaders from multiple sectors attending to focus on energy security matters among nearly a dozen Indo-Pacific countries.
Blizzard warnings have been posted for New York City and parts of New Jersey and Connecticut as a sizable storm is expected to move up the East Coast. The National Weather Service warns of heavy snow, strong winds, and coastal flooding risks from Sunday into Monday, with the greatest impacts along the shoreline.
India and Brazil signed an agreement to expand cooperation in mining and minerals during a high-level meeting in New Delhi, aiming to bolster India’s access to raw materials and technology for its growing steel sector. The deal, concluded in the presence of India’s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva, focu…
UBS has updated its House View to set a new gold target of $6,200 per ounce, citing heightened geopolitical risk around Iran, continued Federal Reserve easing, rising physical demand and constrained mine supply. The bank recommends a mid-single-digit allocation to gold as a hedge against market and economic uncertainties.
The U.S. Supreme Court's decision to overturn trade tariffs enacted last year will reduce some import-related expenses for oil producers, drillers and companies that assemble large energy projects from foreign-made components. Industry executives say the ruling should improve predictability and free up cash for investment at some firms, but analyst…
Diplomatic momentum to resolve the dispute over Iran’s nuclear activities has stalled, according to officials and diplomats across the Gulf and Europe, while a substantial U.S. military buildup in the region and hardened positions in Tehran and Washington are increasing the likelihood of armed conflict. Regional governments and Israel are preparing…
The U.S. Department of Agriculture is preparing to distribute $12 billion in government payments next week, with officials and economists arguing the aid is needed to prevent more producers from financial collapse. The package includes $11 billion via the Farmer Bridge Assistance program and $1 billion for specialty crop growers. USDA officials sai…
