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.
2,522 total articles
Ship transits through the Strait of Hormuz fell markedly on Sunday after Iran's Islamic Revolutionary Guard Corps said it had closed the waterway again, citing breaches of an interim ceasefire. Analytics firm Kpler recorded five vessels transiting on Sunday, down from 26 the previous day. The development follows a temporary lifting of an effective …
Morgan Stanley warns that a hawkish Federal Reserve and elevated real yields are curbing ETF demand and creating a near-term headwind for gold’s advance toward a $5,200-per-ounce target, even as easing Middle East tensions and robust central bank purchases provide structural support. The bank says a renewed wave of ETF buying tied to evidence of lo…
President Donald Trump posted that there will be no tolls levied for passage through the Strait of Hormuz for the duration of a 60-day interim ceasefire with Iran, and that this toll-free status will continue after the period unless the United States decides to impose charges if the deal is not completed.
European natural gas prices climbed on Friday, ending a six-day decline after the cancellation of high-level U.S.-Iran implementation talks and an intensification of Israeli airstrikes in Lebanon prompted investors to reprice risk. The front-month Dutch TTF and the British benchmark both posted gains following a recent run toward multi-month lows.
A 14-point memorandum of understanding signed by U.S. President Donald Trump and Iranian President Masoud Pezeshkian appeared to halt hostilities and reopen the Strait of Hormuz, sending global equities higher and Brent crude under $80 a barrel. The agreement promised toll-free traffic through Hormuz for 60 days while broader issues would be negoti…
Australian authorities reported a suspected mainland case of H5N1 bird flu after a brown skua discovered in Cape Le Grand National Park in Western Australia tested positive for avian influenza. State and federal ministers said confirmatory testing is underway and that national response plans would be activated if the H5 strain is confirmed. Officia…
Gold extended declines in Asian trading and was headed for a third straight weekly drop as a stronger U.S. dollar and a hawkish Federal Reserve outlook outweighed early-week gains from an interim peace deal between Washington and Tehran. Spot and futures contracts fell, while other precious metals also retreated.
Oil prices moved lower on June 19 as signs of renewed tanker movement through the Strait of Hormuz signalled that previously stranded crude could return to global markets. Brent and U.S. West Texas Intermediate both fell, with traders cautious until sustained shipping activity provides clearer confirmation of a recovery in flows following a U.S.-Ir…
Oil prices eased in Asian trade and were on track for sharp weekly declines after an interim U.S.-Iran agreement and the reopening of the Strait of Hormuz reduced fears of prolonged supply disruption. Brent and WTI fell in late U.S. hours, while lingering regional strikes and a firmer dollar kept traders cautious about a swift return to pre-crisis …
The United States said it welcomed a meeting in Caracas between Jorge Rodriguez, head of Venezuela’s National Assembly, and opposition figure Dinorah Figuera to discuss a democratic transition that would include strengthening the National Electoral Council (CNE). The encounter was the first public sign of rapprochement between ruling party and oppo…
Chicago wheat futures fell Thursday, snapping a three-day gain as grain markets lost momentum. The stronger U.S. dollar - which rose after the Federal Reserve held interest rates steady on Wednesday and signaled possible rate hikes later in the year due to inflation above its 2% target - added pressure by making U.S. commodities costlier for foreig…
U.S. energy firms increased the combined oil and gas rig count by one to 563 in the week ending June 18, marking the eighth weekly increase in nine. Gas rigs reached 122, their highest level since early June, while oil rigs held at 433. The total rig count is 2% higher than a year earlier, and the Energy Information Administration projects U.S. cru…
Raw sugar futures fell amid weaker energy prices and a marked drop in Chinese imports, with the July contract retreating to 13.59 cents per pound. Production shifts by cane mills and reduced demand from the world's largest sugar importer intensified downward pressure, while El Niño-related production worries capped losses.
Euronext September wheat finished flat on Thursday after earlier touching a two-week high, as weakness in Chicago futures counterbalanced weather concerns in France and buying by Algeria's state grains agency. European maize and wheat markets found support from a worsening French heatwave and a major Algerian tender, even as dollar strength and low…
The interim accord signed by U.S. President Donald Trump and Iranian President Masoud Pezeshkian ends a three-month war and extends a ceasefire for 60 days to allow negotiations on a permanent settlement and outstanding issues such as Iran's nuclear programme. Backers call it a historic bargain while regional adversaries - from Israel to Gulf state…
The White House transmitted a copy of the interim U.S.-Iran agreement to Congress on Thursday, one day after U.S. President Donald Trump signed an interim deal with Tehran to end the war. The document, titled the "Islamabad Memorandum of Understanding between the Islamic Republic of Iran and the United States of America," details an immediate and p…
The Federal Energy Regulatory Commission has issued draft 'show cause' orders instructing six regional grid operators under its jurisdiction to re-examine how they connect and charge very large energy users, including data centers. The move responds to rising electricity demand from server farms that is pushing U.S. power use to record levels and o…
ICE coffee contracts eased on Thursday after touching multi-week highs earlier in the session amid mounting concerns about a potential "super El Niño". Arabica fell 1.6% to $2.6735 per pound at 1527 GMT after reaching $2.7810, its strongest level since mid-May, while robusta traded higher overall, rising 0.4% to $3,636 per metric ton after touching…
The Baltic Exchange's dry bulk freight index ticked up after hitting its lowest point since April 21, driven by a rebound in capesize vessel rates. While capesize and supramax segments gained, panamax rates slipped. Dalian iron ore futures fell for a third session as cost supports eased amid weak Chinese demand. Separately, a U.S.-Iran memorandum c…
Bank analysts warn that oil shipments through the Strait of Hormuz and crude production are unlikely to return to pre-conflict levels quickly despite an interim U.S.-Iran agreement. Goldman Sachs, BNP Paribas and Bank of America all highlighted logistical, operational and geopolitical hurdles that could stretch normalization over several months, ke…
Official statistics show Azerbaijan moved 10.6 million metric tons of crude via the Baku-Tbilisi-Ceyhan (BTC) pipeline from January through May 2026, an 8.6% decline compared with the same period in 2025. The BTC carried 76.8% of the country's total oil transit of 13.8 million tons, while transit shipments from Kazakhstan and Turkmenistan through t…
OPEC left its near-term projection for global oil demand largely unchanged and increased its long-term forecast, arguing that recent policy moves and regional expansion will sustain consumption. The group expects demand to reach 113.3 million barrels per day by 2030 and raised its 2050 estimate to 124 million bpd. The outlook comes amid supply stra…
Screwworm, a flesh-eating parasitic fly, has reappeared in the U.S. Southwest for the first time since the 1970s. The pest, which lays eggs in wounds of warm-blooded animals, threatens livestock, wildlife and household pets. Early detection and veterinary treatment are critical, while federal agencies are expanding surveillance and sterile fly prod…
Ukrainian drone strikes hit an oil refinery in southeast Moscow for the second time in three days, producing huge explosions and a major fire that sent thick black smoke over the capital. The incident, which involved the disc-shaped lid of a storage tank being thrown into the air, forced airport closures and raised concerns about fuel supply and pr…
Three Saudi-flagged supertankers carrying a combined 6 million barrels of crude and multiple additional tankers moved through the Strait of Hormuz hours after the United States and Iran signed an interim agreement to end their conflict. Ship-tracking feeds showed vessels broadcasting positions after weeks of operating with transponders off. Industr…
