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
Chicago Board of Trade soybean futures rose on Wednesday, ending an eight-session losing streak as market participants adjusted positions ahead of the U.S. Department of Agriculture's monthly crop forecasts due Thursday. July and November contracts posted gains, while soymeal and soyoil also climbed. Crude oil strength after a geopolitical remark b…
A survey of crude flow data and industry sources shows OPEC's 11-member production fell by 1.06 million barrels per day in May to 16.13 million bpd, the lowest monthly output in at least two decades. The steep decline reflects the effect of a U.S. naval blockade on Iran that began on April 13 and Iran's actions that have effectively restricted use …
A U.S. business group reports that Chinese export controls and slow licensing are making access to some critical minerals extremely difficult, prompting most affected companies to hunt for non-Chinese supplies. The survey finds nearly half of impacted firms have not yet found viable substitutes and investment intentions in China are weakening.
The Baltic Exchange's dry bulk freight index fell on Wednesday, driven by a significant drop in capesize rates. Despite the weakness in the largest vessel class, panamax rates inched higher and iron ore futures halted a five-session slide after supportive trade data from China influenced market sentiment.
A new pan-European poll shows only 11% of respondents across 15 countries now consider the United States an ally, a historic low and a decline from 16% six months earlier and 22% in November 2024. The survey, published ahead of upcoming G7 and NATO summits, also finds growing support for increased defence spending, greater use of European military …
U.S. technology shares extended a recent pullback even as crude oil briefly tumbled, highlighting market nervousness that stretches beyond energy. Traders head into the U.S. May CPI release and a 10-year Treasury auction with growing expectations of a year-end Fed rate hike. Renewed missile exchanges between the U.S. and Iran drove intraday crude v…
President Donald Trump marks his 80th birthday amid a complex political picture: he retains significant influence within the Republican base and over intra-party nominations, but recent judicial setbacks, an inability to wind down the Iran war, falling approval measures and growing Republican defections are heightening talk of a potential lame-duck…
European natural gas benchmarks rose slightly as renewed U.S.-Iran hostilities kept market participants cautious. Dutch TTF futures and British gas contracts gained 0.2% amid concerns that conflict-driven interruptions to global LNG flows, coupled with planned maintenance on major Norwegian facilities and below-average EU storage levels, will susta…
Gold declined for a fourth straight session as a firmer U.S. dollar, rising Treasury yields and increased odds of Federal Reserve tightening pressured non-yielding bullion. Fresh U.S. strikes on Iranian targets and a rise in oil prices reinforced concerns about energy-driven inflation ahead of U.S. consumer price data.
Oil futures advanced in Asian trade after the United States launched strikes on Iranian targets following the downing of an American helicopter. The moves pushed Brent above $93 and WTI near $90 a barrel, reversing losses from the prior session. Market participants are monitoring the Strait of Hormuz and awaiting official U.S. inventory data amid i…
Oil prices recovered from a recent trough on Wednesday as the U.S. carried out new strikes on Iranian targets and industry data showed another large weekly decline in U.S. crude inventories. Brent and U.S. WTI both rose roughly 1% amid renewed tensions that could weigh on regional shipping and supply flows.
ICE canola futures finished the session with mixed results, with near-term contracts slipping while later-month contracts gained. Strength in Chicago soyoil helped offset declines in crude oil, which moved on developments between Iran and Israel and comments from U.S. President Donald Trump. Weather across prairie growing regions has been supportiv…
Abu Dhabi National Oil Company said it is evaluating potential upstream oil and LNG investments in Canada through its international investment vehicle XRG. The announcement was made at the Global Energy Show in Calgary, with ADNOC's upstream chief declining to specify target assets while noting a favourable view of Canada’s renewed push on energy d…
The U.S. Energy Information Administration says oil inventories across OECD nations are being drawn down at a record pace and are projected to fall to just under 2.3 billion barrels by December, the lowest since records began in 2003. The agency attributes the rapid decline to lost output linked to the Iran war and assumes marine traffic through th…
Global oil inventories among major economies are being depleted rapidly as consuming nations tap strategic and commercial stockpiles to offset more than 11 million barrels per day of lost Middle Eastern production, the U.S. Energy Information Administration said. The EIA forecasts Organization for Economic Cooperation and Development inventories wi…
The Indian Register of Shipping has removed 235 vessels from its registry since 2023, predominantly oil tankers and some gas carriers, after adopting a stricter policy against ships linked to Western sanctions. The change could complicate insurance cover and port calls for affected vessels and underscores differing international approaches to sanct…
New York Independent System Operator (NYISO) reports a net reduction of 1.5 gigawatts in electricity supplies over the past five years as fossil fuel plant retirements have exceeded additions. Rising demand from electrifying buildings and transport, plus growth in large industrial load, have tightened the balance and raised particular concern about…
Summary: The Baltic Exchange's dry bulk freight index fell on Tuesday as vessel earnings eased across the capesize and panamax segments. The headline index, which monitors capesize, panamax and supramax rates, dropped 98 points to 2,818. Capesize earnings saw the largest fall, while panamax rates edged down. Weakness in iron ore futures and the reo…
An Israeli strike hit the eastern edge of Tyre on June 9, killing at least eight people and damaging buildings and roadways. The action came after Israel issued an online evacuation warning for the entire city, including a northwestern Christian quarter that had previously been spared. Doctors Without Borders said it suspended nearby medical servic…
Stocks staged a modest rebound concentrated in large technology names tied to the AI surge, even as the majority of the S&P 500 finished lower. Strong demand for memory chips lifted Chinese export growth and underpinned chipmakers, while a high-profile IPO calendar and central bank policy considerations kept broader sentiment cautious.
The enlarged World Cup, staged across three countries and 16 cities, is projected to produce about 7.8 million metric tons of carbon dioxide, more than double the emissions calculated for Qatar 2022. Analyses point to long-haul travel as the dominant source of emissions, while changes in viewing habits and digital infrastructure add a growing, ofte…
India's previously robust growth story is coming under strain as the Iran war and resulting disruptions to oil and fertiliser supply push up import bills, inflation and the balance-of-payments deficit. Policy measures have been introduced to limit currency and reserve pressures, but analysts warn that persistent high energy prices and overlapping s…
Gold prices held largely steady in Asian trading, remaining close to an 11-week low as a halt to attacks between Iran and Israel reduced immediate inflation worries. Investors are instead braced for key U.S. consumer and producer inflation data due this week, which could clarify the Federal Reserve's interest-rate path.
Oil prices rose marginally in early trading after Iran and Israel agreed to pause direct strikes following a U.S. appeal, but market participants warned the truce may be temporary. Brent rose 13 cents to $94.38 a barrel and U.S. West Texas Intermediate climbed 11 cents to $91.41 at 0001 GMT. The previous session saw prices jump as much as 5% on ren…
Oil prices were largely unchanged in Asian trade as markets digested a tentative halt to strikes between Israel and Iran following an appeal from U.S. President Donald Trump. Brent edged higher while WTI held steady, with ongoing disruption to shipping through the Strait of Hormuz and scheduled OPEC+ supply increases keeping traders cautious.
