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.
2,875 total articles
OCBC Group Research has reduced its quarterly Brent crude price projections through the second quarter of 2027, citing a pickup in shipping through the Strait of Hormuz that has renewed oversupply concerns. The bank also cut end-2026 forecasts for gold and silver, attributing the changes to shifts in real rates, dollar strength and Federal Reserve …
Fortescue Metals Group shares declined after Chinese authorities verbally instructed some domestic steelmakers to refuse deliveries of specific lower-grade products from the Australian miner. The measures, which apply to portside cargoes and take effect from July 15, occur amid active supply negotiations between Fortescue and China Mineral Resource…
Oil prices slipped in early trading after Qatar said indirect U.S.-Iran talks in Doha produced "positive progress" on issues tied to the Strait of Hormuz. Brent and U.S. crude fell more than 1% from recent session lows as tanker traffic began to recover, OPEC+ output plans signalled added supply, and U.S. stocks posted a draw smaller than analysts …
China Mineral Resources Group (CMRG) has verbally instructed certain domestic steel producers not to accept deliveries of Fortescue's lower-grade portside iron ore products from July 15, sources say. The action reflects Beijing's push to centralise iron ore procurement and comes while Fortescue continues talks with CMRG over supply terms. Fortescue…
Gold held steady in early Asian trading as investors awaited U.S. nonfarm payrolls for June. Spot bullion recovered from a brief dip below $4,000 an ounce but remained close to the weakest levels of the year after suffering its largest quarterly decline in 13 years. Fed commentary emphasizing a firm 2% inflation goal and ongoing inflation risks fro…
Oil prices declined as traders recalibrated expectations for Middle East supply risk amid reports of tentative progress in talks between Washington and Tehran, and evidence of steady flows through the Strait of Hormuz alongside record U.S. crude production. Market participants remain watchful for further diplomatic and shipping developments and upc…
The Nuclear Regulatory Commission has proposed eliminating the As Low as Reasonably Achievable (ALARA) radiation protection standard and replacing it with a graded, risk- and operations-based framework. The move, advanced amid executive directives to speed reactor permitting and expand U.S. nuclear capacity, is framed by the agency as a clarificati…
Germany’s foreign minister, Johann Wadephul, said there remain unresolved issues that must be settled before the European Union’s trade agreement with Mercosur can be ratified, but he expressed confidence the obstacles are manageable. His remarks followed a Mercosur summit in Paraguay focused on export quota distribution and came during a multi-day…
Crude oil prices slipped, with West Texas Intermediate hovering around $68 per barrel and edging closer to its pre-conflict trading band below $65. Options-market volatility has dropped, term structure has normalized, and speculative long positions in WTI fell to their lowest point since February as US-Iran talks progressed. Front-month options sti…
Preliminary figures from the Petroleum Planning and Analysis Cell of India's federal oil ministry show gasoline and diesel sales rose in June versus the same month a year earlier, while jet fuel and liquefied petroleum gas (LPG) volumes declined. The data highlights divergent demand patterns across transport and household fuel categories and notes …
An environmental group’s review of 74 proposed gas-fired power plants intended to supply data centers directly estimates these projects would produce 143 gigawatts of capacity and emit about 662 million tons of greenhouse gases annually - a scale comparable to the annual emissions of countries such as France or Australia. These so-called off-grid o…
The Energy Information Administration reported a 3.8 million-barrel drop in US crude oil inventories for the week ended June 26, underperforming analyst estimates. Gasoline inventories fell sharply, distillates rose contrary to expectations, and net crude imports increased, creating a mixed supply picture for refiners and fuel markets.
OPEC+ members are reported to be set to raise their production targets by roughly 188,000 barrels per day for August when they meet on Sunday. The prospective increase would match the quotas added for June and July, coming as the Strait of Hormuz slowly reopens and global oil prices have retreated to pre-war levels.
US Sugar #11 Futures climbed in pre-open trade, driven by India’s deficient monsoon rains, a year-on-year reduction in Brazil’s Center-South sugar production through May as more cane was diverted to ethanol, and a confirmed El Nino that forecasters say may curb rainfall across the world’s top producing regions. Several analysts have shifted 2026/27…
President Donald Trump told reporters that relations between the United States and Iran are improving and described recent meetings in Qatar as productive. He said the denuclearization process is progressing and confirmed that technical talks took place in Doha aimed at managing shipping through the Strait of Hormuz and establishing a lasting cease…
Saudi Aramco cut official selling prices for liquefied petroleum gas for July by 24% to 27%, while Algeria’s Sonatrach reduced its July LPG prices by 2% to 10%. The moves, which traders said reflected increased global supply, lowered propane and butane reference prices used across major regional markets.
Petrobras chief executive Magda Chambriard told reporters that oil prices seem to be settling in a $72 to $75 per barrel range, but cautioned that ongoing conflict in the Middle East means the market has not yet returned to normal. The state-controlled company announced a cut to diesel prices for distributors that Chambriard said already factors in…
Global markets opened the second half of the year with caution as U.S. Treasury yields climbed ahead of the June jobs reports. A renewed rise in U.S. job openings, a major jump in South Korean exports driven by semiconductors, currency moves in Japan and an early start to U.S. payroll reporting ahead of the Independence Day holiday all contributed …
The campaign by Alberta separatists to ask residents whether the province should start the constitutional process leading to a binding referendum is casting a political shadow over summer rodeos and festivals. The debate has coincided with the start of the Calgary Stampede and prompted protest and cancellation at smaller events, while a federally b…
UBS reports investor interest in commodities has reached a multi-year high and published a 10-point note covering how these assets behave, their merits for portfolios, and common pitfalls. The bank highlights four principal investment rationales - diversification, inflation hedging, downside protection and return enhancement - and offers a cautious…
Two senior Iranian sources told Reuters that Iran intends to secure lasting international acceptance of its authority to regulate traffic through the Strait of Hormuz, including the right to determine routes and potentially levy fees. Under a recent interim memorandum with the United States, Iran agreed to allow unrestricted passage for 60 days wit…
European natural gas benchmarks surged to their highest levels in more than two weeks after Iran declined to attend scheduled peace talks with U.S. envoys in Doha. The ICE Dutch TTF contract and its British counterpart both moved sharply higher, underscoring the sensitivity of European gas flows to geopolitical disruptions in the Middle East.
Gold traded lower in Asian hours on Wednesday, remaining under pressure after suffering its largest quarterly decline in 13 years. Spot gold fell 0.7% to $3,981.50 an ounce while futures dropped 1.1% to $3,994.32/oz. Markets are focused on an address by Federal Reserve Chair Kevin Warsh for further signals on U.S. interest-rate policy as expectatio…
Oil prices inched higher amid continuing uncertainty over the U.S.-Iran negotiating process in Doha, which maintained a geopolitical risk premium even as U.S. crude production reached a record level in April. Traders are watching talks in the Qatari capital and forthcoming U.S. inventory data for indications of direction after a steep recent correc…
Oil prices climbed modestly in early trading as reports that Iran will not meet directly with U.S. envoys heightened concerns over the stability of an interim ceasefire in the four-month-long war. Brent and U.S. crude each gained, while market attention also turned to U.S. inventory draws and shifts in analysts' 2026 price forecasts following easin…
