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
Gold declined for the fifth time in six sessions and approached the $4,000-per-ounce threshold as a stronger U.S. dollar and higher odds of Federal Reserve rate hikes reduced demand for the non-yielding metal. Traders are pricing in a high likelihood of additional tightening this year, while easing concerns over Middle East supply and ongoing U.S.-…
Oil prices fell further on Wednesday, trading close to four-month lows reached a day earlier, as indications mounted that tankers stranded in the Gulf since the start of the Iran war are beginning to transit the Strait of Hormuz. Market pressure also reflected a temporary sanctions waiver for Tehran and reduced hostilities in Lebanon, even as key q…
Oil futures fell for a third consecutive session in Asian trade as evidence of renewed shipping through the Strait of Hormuz and nascent diplomatic progress between Washington and Tehran reduced the perceived risk of extended supply disruption. Brent and WTI slipped about 0.4% each as traders priced in the possibility of crude returning to global m…
India has prepared contingency measures for more than 300 districts at risk from a weak monsoon, the farm minister said after a meeting with state ministers, officials and scientists. Monsoon rains are running roughly 43% below average to date and the weather office has signalled continued weakness through the week ending July 2. Officials point to…
The U.S. Department of Energy announced $17.5 billion in conditional loan support intended to help utilities and energy firms procure reactors and related long-lead equipment to restart the domestic commercial nuclear supply chain. The program, overseen by the department's Energy Dominance Financing unit, targets up to five loans that would each ba…
Hedge funds enlarged their bearish wagers on U.S. crude in the week ended June 16, with gross short positions in West Texas Intermediate climbing to their highest level in nearly five months. Traders cited expectations that a preliminary U.S.-Iran agreement, along with U.S. sanctions waivers, could lift Iranian oil exports and ease shipping bottlen…
President Donald Trump asserted that Iran has accepted long-term, high-level nuclear inspections and said the United States is temporarily waiving sanctions and releasing funds to be placed in U.S.-controlled escrow for the purchase of American food and medical supplies. Iran has denied entering discussions on its nuclear program or inviting Intern…
U.S. and global equity markets opened the week under pressure as megacap technology names fell sharply, led by Alphabet and Amazon, while SpaceX drew attention after revealing plans to raise debt and suffering a steep share drop. A hawkish U.S. interest rate outlook and currency stress in Asia compounded weakness, even as chipmakers held up ahead o…
Norilsk Nickel projects small global surpluses in palladium for 2026 and 2027 and anticipates growing nickel surplus through 2027. The company expects Russian palladium output to resume growth to about 2.7 million ounces next year, supported by the Chernogorskoye deposit, and cautions that nickel market outcomes hinge on developments in Indonesia.
Deutsche Bank has trimmed its outlook for gold, attributing the downgrade to continued Federal Reserve hawkishness, stronger-than-expected U.S. economic data and a noticeable lack of traditional investment demand. The bank's analyst sets a revised base-case price for the fourth quarter and outlines a downside risk if the Fed tightens further.
A short-term U.S. sanctions waiver permitting the sale of Iranian-origin crude, petroleum products and petrochemicals through August 21 has so far failed to spur significant purchases from well-stocked Asian refiners, according to trade sources and analysts. Instead, independent Chinese refiners are expected to account for most demand, though their…
Ship-tracking data show increased vessel movements through the Strait of Hormuz, including two previously stranded supertankers and seven empty Qatar-linked LNG carriers returning to the Gulf. The pickup in traffic coincided with a round of U.S.-Iran talks and a U.S. sanctions waiver, while sanctioned and Iranian-linked tankers continued to transit…
The United Nations has asked major artificial intelligence firms to disclose the environmental impacts of their data centres and to commit to renewable power by 2030. The appeal, and a new U.N. initiative on transparency, were announced during London Climate Action Week, alongside a separate push to reduce methane emissions in the fossil fuel secto…
The U.S. announced a 60-day pause on a wide range of sanctions against Iran and issued a temporary general license permitting crude oil and related trade through August 21. While the move can deliver billions to Tehran in the near term, dismantling a sanctions framework built over more than four decades involves legal constraints, congressional opp…
Gold prices fell sharply in Asian trade as a stronger U.S. dollar and increasing expectations of Federal Reserve rate hikes weighed on demand for the non-yielding metal. Diplomatic progress between Washington and Tehran provided some optimism in the previous session, but the dollar's resilience and Fed projections pushed bullion lower.
The U.S. Department of Justice's Civil Rights Division has opened an investigation into a small coffee shop chain in New York City after the business posted online that it would have refused service to Representative Dan Goldman had staff recognized him during a recent visit. The probe will assess whether federal public accommodation laws were viol…
New Zealand is accelerating approvals for gold projects and actively seeking mining investment as record bullion prices revive an industry that had been in decline. Government action aims to bolster a weak economy by increasing mineral exports and creating regional jobs. The expansion, however, is provoking concern from environmental groups, vintne…
Oil prices recovered slightly on June 23 after a sharp drop the previous session. Markets remain guarded as traders look for tangible evidence that a recent U.S.-Iran agreement will hold and that crude flows through the Strait of Hormuz will return to normal levels. Benchmark prices rose modestly, while two crude tankers transited the strait and U.…
Oil futures recovered modestly in Asian trade after a near 3% selloff, as a U.S. 60-day general license and reports of progress in U.S.-Iran negotiations raised prospects for increased Iranian crude and petrochemical exports. Traders remain attentive to whether the ceasefire framework and interim relief will hold and how quickly barrels could retur…
A federal judge in Washington, D.C. has enjoined the Trump administration's policy that permitted five states to bar Supplemental Nutrition Assistance Program recipients from purchasing sugary foods and beverages with their benefits. U.S. District Judge Amy Berman Jackson ruled the U.S. Department of Agriculture lacked statutory authority to approv…
U.S. President Donald Trump warned that he will take necessary action if Iran does not adhere to the terms of a recently signed interim agreement with Washington. Trump said the funds being released to Iran are intended to be used to purchase food from U.S. suppliers, and he reiterated that he will respond if Tehran does not live up to its commitme…
The Department of the Interior has put forward a set of regulatory changes that would reduce financial assurances and compress permitting timelines for oil and gas activity on federal lands, while easing certain methane-related compliance requirements. The package would lower statewide well bond levels to $25,000 per state from $500,000, shorten pu…
The U.S. Treasury has issued a temporary 60-day general license permitting the production, delivery and sale of Iranian-origin crude oil, petrochemical and petroleum products through August 21. The move, pledged under a memorandum of understanding reached last week, authorizes related services including banking, insurance and transportation while e…
Saudi Arabia's crude oil exports dropped to a record low in April, falling to about 3.990 million barrels per day from 4.974 million bpd in March, while production also fell to a record low of 6.316 million bpd, according to Joint Organizations Data Initiative (JODI) figures. The decline follows disruptions to Gulf shipments related to the Iran war…
Early diplomatic signals from Switzerland eased pressure on oil markets on Monday, pushing Brent crude back below $80 per barrel after weekend threats and Iranian claims over the Strait of Hormuz. At the same time, a sudden resignation in UK politics has set in motion a leadership contest that will deliver Britain its seventh prime minister in a de…
