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.
2,156 total articles
Israeli and Lebanese officials said a framework agreement is expected to be signed in Washington after several days of U.S.-mediated negotiations intended to halt fighting between Israel and Iran-backed Hezbollah. Officials provided no specifics on the content of the framework or how it would differ from a ceasefire agreement reached on April 16 th…
Summary: U.S. ultra-low sulfur diesel refining economics remain robust, with the diesel futures crack spread settling at $62.84 a barrel on Thursday - the highest level since June 3. Market participants say supply tightness for diesel is set to continue even after a preliminary agreement to end the Iran war and reopen the Strait of Hormuz. Tight di…
London cocoa futures fell 2.8% to 3,821 per tonne on Friday, pulling back from a five-month high of 4,014 reached on Thursday. New York futures dropped 2.5% to $5,113 per tonne. Rabobank said the market was reacting to the shift toward an active El Nif1o event, easing geopolitical tensions in the Middle East, and a slow start to West Africas 202…
Robusta coffee prices eased 0.2% to $3,654 per ton on Friday after reaching a three-month high of $3,692 on Thursday. Rabobank warned El Niño could lift robusta prices by creating hotter, drier conditions in Southeast Asia and India. Arabica fell 1.5% to $2.7215 per pound from a near six-week high of $2.8480 per pound, with recent El Niño-linked ra…
A fall in global oil prices following a fragile truce between the United States and Iran has reduced short-term inflationary pressure in many emerging economies. Analysts warn, however, that months of elevated energy costs have already strained household budgets and that lower wholesale prices will take time to reach consumers. Governments face har…
UBS has cut its crude oil price forecasts following a roughly $15 per barrel drop in Brent in the 10 days after a U.S.-Iran memorandum of understanding, with Brent sliding below $73 a barrel. The bank says the immediate weakness reflects a surge of supply from previously stranded tankers and strategic reserve draws, but expects a rebound in coming …
U.S. solar developers have hurried to secure federal tax credits before a July 4 deadline, creating a pipeline of projects large enough to almost double current solar capacity. The accelerated phaseout of long-standing subsidies under the 2025 tax law risks lifting contract prices for wind and solar by 40% to 50% and in some Texas deals by as much …
Global markets experienced sharp swings this week as gains in AI-focused technology names met a fresh round of profit-taking and sector-wide reassessment. Early-week weakness among U.S. megacaps spilled into semiconductor stocks, with South Korea and U.S. chip indexes registering double-digit and high single-digit declines respectively. Corporate r…
European natural gas prices firmed slightly on Friday but remained close to levels not seen in two months, as the reopening of shipping through the Strait of Hormuz and indications of recovered Gulf supply offset demand upticks from a regional heatwave. Benchmark TTF traded near 40 euros per megawatt-hour while the UK contract inched up to 96.62 pe…
Italy has confirmed it will become part of the U.S.-led Pax Silica initiative on AI-related supply chains, a government official said, even after a public disagreement between Prime Minister Giorgia Meloni and U.S. President Donald Trump led to the postponement of a planned visit. An Italian envoy said a memorandum of understanding will be signed "…
An interim memorandum between the United States and Iran allows United Nations nuclear inspectors to enter Iran, the head of the International Atomic Energy Agency (IAEA) said. Tehran had indicated some facilities would remain inaccessible until a comprehensive agreement and sanctions relief were secured, but IAEA Director General Rafael Grossi sai…
Montenegrin police, working with the U.S. Federal Bureau of Investigation, arrested a 39-year-old man with Iranian and Turkish citizenship who is wanted by the Southern District of New York on charges tied to extensive hacking activity against U.S. institutions. Authorities say the intrusions dating from 2013 hit more than 150 universities and caus…
Gold prices declined on Friday and were poised for a fourth consecutive weekly drop as a resurgent U.S. dollar and growing market expectations for further Federal Reserve rate increases weighed on bullion. Other precious metals also weakened, while a reported attack on a cargo vessel near the Strait of Hormuz briefly revived safe-haven demand that …
Saudi Aramco has resumed oil loading at its Ras Tanura terminal in the Gulf after a suspension of almost four months, with two Very Large Crude Carriers (VLCCs) observed loading and a third waiting nearby, according to LSEG shipping data. The energy company last loaded from Ras Tanura on March 8 and shifted exports to the Red Sea port of Yanbu foll…
Oil futures fell on Friday morning and are tracking substantial weekly declines after more tankers left the Strait of Hormuz following a temporary disruption caused by a cargo ship being hit near Oman. While shipments through the strait rose to their highest level since the February conflict began, overall traffic remains well below pre-conflict av…
Oil prices eased in Asian trade and were headed for a third straight weekly decline as rising tanker traffic through the Strait of Hormuz and optimism about a preliminary U.S.-Iran peace agreement countered renewed worries following an attack on a cargo vessel near Oman. Brent and WTI each slipped about 0.5% in late Asian session, with both benchma…
Officials in Moscow-installed administrations reported full or partial electricity cutoffs in the Russian-held portion of Ukraine’s Kherson region early on Friday. In Sevastopol, power was deliberately limited to avoid overloading a network strained by recent drone attacks that have also led to a fuel supply problem. Crimean authorities announced a…
Two strong earthquakes off Venezuela’s central-west coast have killed at least 188 people and injured more than 1,500, prompting multiple governments, international agencies and charities to dispatch search-and-rescue teams, medical aid and funding. The U.N. humanitarian office and several countries are coordinating deployments as officials warn ne…
Oil futures ticked up after a cargo ship was reportedly struck by an unknown projectile near Oman, reviving concerns about the timeline for restoring Middle East crude flows to pre-war levels. Prices had earlier hit their lowest since Feb. 27 as tanker traffic briefly rose, but the incident and lingering mine-clearance work kept the market on edge.
Russia has rejected reports it is pressuring Belarus to join a wider offensive in Ukraine, calling Belarus a close ally, while Belarusian officials blame Western moves for rising tensions. Ukrainian claims that Belarusian relay stations guided attacks have been disputed and could not be independently verified. Meanwhile, Belarusian refineries have …
Naphtha values in Asia declined on Thursday, tracking weaker crude benchmarks after inventories at the region's principal trading hub rose. Market activity included a 25,000-ton sale by AGTAsia and a discounted prompt cargo from a Kuwaiti seller, while refining margins widened against Brent amid a contango structure for nearby volumes.
Micron Technology's stronger-than-expected quarterly guidance and a $22 billion customer commitment to memory supplies triggered a global tech rally, lifting chip-linked indexes and sending Micron shares sharply higher. The surge arrives amid sliding crude prices back to pre-conflict levels, mixed U.S. economic data and persistent inflation concern…
A persistent heat dome has pushed temperatures well above seasonal norms across much of Western Europe, producing a June record in Paris and contributing to dozens of heat-related fatalities and disruptions to power and transport. Authorities have warned people to limit activity and take protective measures, even as demand for air conditioning surg…
European natural gas prices fell as crude oil softened, driven by signs of thawing U.S.-Iran talks and a visible normalization of shipping through the Strait of Hormuz. Renewed Qatari LNG reload activity and weaker oil supported the unwind of risk premiums, yet analysts warn that below-average inventories across Europe and a regional heatwave are l…
A senior Iraqi oil ministry official said Iraq will consider all available options if OPEC does not grant a materially higher production quota. Iraqi officials have at times reviewed the possibility of leaving OPEC, though the current intention is to stay and press for a larger quota. Baghdad says the matter is urgent amid a severe financial crisis…
