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.
2,158 total articles
The World Meteorological Organization says an El Nino event is likely to form between June and August and to persist through at least November, with some models indicating it could be strong. Scientists warn that the elevated baseline temperatures caused by greenhouse gas emissions will magnify El Nino’s effects, raising risks for food production, …
Gold prices recovered from a sharp decline, climbing about 0.9% as uncertainty persisted over whether U.S.-Iran negotiations had resumed. Mixed public statements from U.S. leadership and a partial ceasefire between Hezbollah and Israel provided uneven market relief. Other precious metals also edged higher, while OCBC trimmed its year-end gold forec…
Shares of Australian gold miner Northern Star Resources surged after Elliott Investment disclosed a stake in excess of A$1 billion ($715 million) and urged the company to undertake a strategic review. The activist investor flagged the miner's underperformance versus peers and sought board changes and an expedited CEO appointment amid an impending m…
Oil prices gave back some of their recent rally in Asian trade amid persistent uncertainty about the status of U.S.-Iran ceasefire negotiations. Relief from a possible de-escalation between Israel and Lebanon was tempered by the continued closure of the Strait of Hormuz and mixed statements from U.S. and Iranian sources.
Oil prices retained the bulk of a sharp one-day gain in early Tuesday trading as markets weighed conflicting messages about ceasefire talks between the United States and Iran and the implications for shipping through the Strait of Hormuz. Benchmarks showed small moves after a volatile session driven by statements from U.S. officials and reports tha…
PJM Interconnection has proposed increasing the minimum capitalization requirement for wholesale electricity market participants to $2 million. The change, the first since 2011, would be implemented in phases with a 3% annual inflation adjustment beginning five years after implementation and an intended effective date of April 30, 2027, subject to …
Australia’s next wheat harvest is forecast to be the smallest in three years at 26.7 million metric tons, the federal agriculture research agency said, citing elevated fertiliser prices tied to the Iran war and dry conditions across wide areas of the east. Reductions in planted area and yield potential for wheat, canola and barley are expected to t…
Colombia posted a 1.5% year-on-year rise in oil production for April to 724,910 barrels per day, yet output fell 2.1% from March. Commercialized gas production declined 14.2% year-on-year to 694 million cubic feet per day and was also lower than March, according to the National Hydrocarbons Agency, which offered no explanation for the shifts.
President Jose Antonio Kast used his first national address at the opening of Congress to unveil a concentrated legislative and administrative program centered on public security, spending cuts and measures to spur economic growth. Speaking from the congressional chamber in Valparaiso, Kast proposed strengthening police forces, tightening immigrati…
Chicago Board of Trade wheat futures closed lower on Monday after initial gains tied to higher crude oil dissipated. Market attention returned to sizable global supplies and subdued demand for U.S. shipments, with additional pressure from weaker corn and soybean prices and harvest-related selling as U.S. growers start gathering the winter crop.
President Volodymyr Zelenskiy said Ukrainian forces are now able to strike Russian military logistics through much of the occupied areas of Ukraine, contributing to fuel shortages in Crimea and other regions under Russian control. He reported intensified attacks on oil industry targets and said Ukrainian troops hit 15 Russian oil refineries from Ja…
Summary: In May, U.S. crude oil exports surged to an all-time high of 5.6 million barrels per day as refiners in Asia and Europe sought alternatives after the onset of the conflict involving the U.S. and Israel with Iran tightened Middle Eastern supply routes. Strong discounts of U.S. West Texas Intermediate to Brent made U.S. grades economical for…
Venezuela exported 1.25 million barrels per day of crude and refined products in May, a modest rise that marks a third consecutive monthly increase. The gain was led by higher shipments to the United States, India and Europe and reflects eased U.S. sanctions and expanded foreign involvement in Venezuelan projects, official and shipping data show.
Wheat futures on Euronext fell to their lowest levels in three weeks as cooler weather in western Europe after a heatwave eased worries about crop damage and reinforced expectations of ample supply from imminent Northern Hemisphere harvesting. September wheat closed lower for a fourth straight session, while supportive weather for U.S. corn also pr…
Northwest European gasoline refining margins fell by $3.64 to $20.58 a barrel on Monday as a sharp rise in crude prices reduced the profitability of gasoline production. Physical activity included dozens of thousands of tonnes of E5 and E10 gasoline barges changing hands, with Trafigura and Equinor selling to Shell and Petroineos selling to Van Raa…
Citi has shifted to a bullish outlook on copper, increasing its near-term forecast to $14,500 per metric ton and projecting a rise to $15,000 per ton within the next six to twelve months. The bank points to supportive U.S. tariff signaling, tighter supply assumptions for scrap and mine output, and steady consumption from energy transition projects …
The European Commission has signaled it may recommend keeping the G7-led price cap on Russian crude unchanged at its scheduled July review to prevent increased revenues for Moscow after a rise in oil prices following the Iran war. The proposal emerged in talks with EU envoys as part of planning for a 21st sanctions package against Russia, and could…
Iran’s Tasnim news agency reported that Tehran has halted the exchange of messages with the United States via intermediaries, citing attacks on Lebanon. The agency said Iran and the Resistance Front have agreed to pursue measures that could include a complete closure of the Strait of Hormuz and activation of other maritime fronts such as the Bab El…
European natural gas prices increased Monday after a new round of strikes between the United States and Iran. The escalation has cast doubt over hopes for a near-term resolution to the conflict and kept the Strait of Hormuz effectively closed to commercial traffic, contributing to tight LNG flows and below-par storage levels across the EU.
The Dutch government has approved a subsidy of as much as €993 million for state-owned EBN Capital BV to help replenish the nation’s depleted gas reserves. EBN may store up to 80 terawatt-hours of gas under a contingency authorisation from the Climate Ministry, a measure justified by low private-sector stockpiling amid high prices and supply disrup…
Turkish state energy firm Botas is negotiating with Russia's Gazprom to push natural gas supply agreements beyond their current end-2026 expiration. Energy Minister Alparslan Bayraktar said volumes and contract length remain unsettled, and the talks were referenced at the Baku Energy Forum in Azerbaijan.
India has warned it may reverse tariff concessions granted to the United Kingdom, including cuts on Scotch whisky, if London does not resolve concerns about proposed steel safeguards. The warning comes ahead of bilateral talks between Britain’s Trade Secretary and India’s Commerce Minister as both sides work to implement a free trade agreement sign…
Aluminium futures on the London Metal Exchange rose to their highest level in more than four years after escalations in the Middle East raised supply concerns. Benchmark aluminium traded at $3,690 a metric ton, up 0.6% at 0916 GMT on Friday, having earlier reached $3,707.50 - matching a May 26 level and the highest since March 2022. Regional disrup…
Drivers in Russian-held Crimea encountered gasoline rationing and long queues at filling stations after Ukrainian drone strikes disrupted tanker deliveries along supply routes. Local officials said sales limits on common fuel grades and coupon-based purchases were introduced as authorities adjust security and logistics.
Investor focus remains split between geopolitical instability in the Middle East and a fresh wave of AI-driven market momentum. Developments over the weekend saw diplomatic hopes between the U.S. and Iran falter and new military exchanges, while AI-related moves - notably a new Nvidia chip and strong South Korean exports driven by chip demand - con…
