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.
2,160 total articles
German Chancellor Friedrich Merz accused Iran's leadership of humiliating the United States as diplomatic missions to Pakistan yielded no results. He said Europeans were not consulted before attacks on Iran began on February 28 and described economic costs to Germany as the conflict disrupts the Strait of Hormuz and energy supplies.
European natural gas futures fell on Monday, reversing earlier gains, as market participants assessed media reports that Tehran has floated a proposal to ease disruptions in the Strait of Hormuz in exchange for the United States lifting a blockade on Iranian ports. The Dutch TTF front-month contract declined 2.5% to 43.75 euros per megawatt hour by…
Ship movement through the Strait of Hormuz remained limited in the past 24 hours, with at least seven vessels - largely dry bulk ships - recorded transiting the chokepoint. Data providers and satellite analysts say this muted activity comes as negotiations between Iran and the United States have stalled and U.S. military measures redirect some vess…
The United States has moved to relax a sanctions restriction that had stopped Venezuela’s government from paying legal fees for Nicolás Maduro and his wife Cilia Flores, according to a court filing. The change removes a hurdle that had prompted defense counsel to ask a Manhattan judge to dismiss the narcotics-related prosecution on the grounds that…
Oilfield service companies have begun removing drilling rigs and specialized equipment held in storage in Venezuela and preparing them for repair and deployment as a government-led review of oil and gas contracts advances. The review - set to conclude by the end of July after a major oil law reform in January - has prompted initial agreements and p…
Global markets begin the week with rising oil prices amid a stalemate in Iran and constrained Strait of Hormuz traffic, while technology shares - led by chipmakers and an extraordinary rally in Intel - continue to climb as major tech firms prepare to report earnings. Central bank meetings and U.S. inflation data are scheduled this week, with invest…
India and New Zealand have signed a free trade agreement that reduces or eliminates tariffs on a wide range of New Zealand exports to India, including key fruits, while creating new services market access and visa quotas for Indian workers and students. The pact, finalised in December after about nine months of negotiations, excludes several sensit…
Nickel futures on the London Metal Exchange surged to their strongest level in almost two years amid mounting concerns about supplies from Indonesia, the world's leading nickel producer, and reported shortages of sulphur used in metal processing. The LME benchmark rose 2.3% to $19,445 per metric ton by 0900 GMT after briefly reaching $19,470, its h…
Citigroup has increased its crude price projections and is urging investors to take near-term exposure to oil, citing extended interruptions to flows through the Strait of Hormuz and limited prospects for a quick diplomatic settlement between the United States and Iran. The bank elevates short-term Brent targets, assigns probabilities to several di…
Goldman Sachs has increased its oil price forecasts after concluding that Persian Gulf crude exports will take longer to return to normal. The bank now projects higher average prices for Brent and WTI in late 2026 and 2027, driven by sustained production losses, faster-than-expected inventory draws and limited supply growth outside the Gulf.
Gold traded in a tight band on Monday as a softer dollar and tentative signs of potential de-escalation between the U.S. and Iran balanced lingering geopolitical risk. Bullion found modest support after last week's steep fall, with market attention shifting to a Federal Reserve meeting later in the week for indications about interest-rate policy an…
Canadian officials, including Prime Minister Mark Carney, say U.S. President Donald Trump has not used the phrase 'entry fee' in relation to the scheduled review of the United States-Mexico-Canada Agreement. Ottawa warns the review is unlikely to conclude by the July 1 deadline and insists outstanding issues be resolved together rather than through…
The United States and the European Union formalized closer cooperation on critical minerals through a memorandum of understanding and a separate coordinated trade action plan. The agreements, signed by U.S. Secretary of State Marco Rubio and EU Trade Commissioner Maros Sefcovic, aim to reduce concentration risk in mineral processing and explore tra…
Goldman Sachs lifted its Brent and WTI price forecasts for the fourth quarter of 2026, pointing to weaker oil output from the Middle East and a later-than-expected normalization of exports through the Strait of Hormuz. Several other banks have also adjusted their 2026 price paths, with some warning of much higher prices if disruptions persist.
Oil prices finished a choppy session mixed on Friday but registered substantial weekly gains as traders weighed ongoing supply disruptions in the Strait of Hormuz against reports of possible U.S.-Iran talks. Brent settled higher while U.S. West Texas Intermediate fell, with both benchmarks posting double-digit percentage gains for the week amid unc…
Shipping through the Strait of Hormuz has fallen to just five vessels in the last 24 hours, shipping data showed, amid seizures of two container ships by Iran and an ongoing U.S. naval blockade. The dramatic reduction from pre-war averages has disrupted oil and LNG flows and left hundreds of vessels and thousands of seafarers stranded in the Gulf, …
Two leading oilfield services companies signaled expectations for increased exploration and production spending after recent Middle East disruptions curtailed flows through the Strait of Hormuz and forced widespread production shut-ins. Executives pointed to the need for greater upstream investment, supply diversification and potential acceleration…
The administration approved a 90-day extension of a Jones Act waiver that permits foreign-flagged vessels to transport oil, fuel and fertilizer between U.S. ports. The extension, announced three weeks before the prior waiver's May 17 expiration, aims to reduce energy price pressures linked to conflict with Iran and to provide stability for supply c…
A Reuters/Ipsos poll conducted April 15-20 finds 77% of registered voters assign at least some responsibility to President Donald Trump for recent gasoline price increases linked to the U.S. and Israel’s military strikes on Iran. The polling shows widespread cross-party attribution of blame, growing voter concern about fuel costs and a correspondin…
A U.S.-mediated extension of a Lebanon-Israel ceasefire was described as "meaningless" by Hezbollah after the agreement was prolonged for three weeks, even as exchanges of fire continued in southern Lebanon. Lebanese authorities reported two deaths from an Israeli airstrike and Hezbollah said it shot down an Israeli drone. The April 16 agreement do…
Summary: Oil prices rallied in early Asian trading after last week's gains, driven by a lack of progress in U.S.-Iran engagement and continued limited flows through the Strait of Hormuz. Brent futures rose more than 2% to $107.48 a barrel by 19:36 ET (23:36 GMT) as market participants weighed a cancelled U.S. diplomatic trip to Pakistan, an ongoing…
Since the October summit between Presidents Xi and Trump, China has moved beyond public restraint and enacted a suite of laws and regulations that expand its capacity to retaliate or exert leverage over foreign companies and governments. Measures include new supply-chain investigatory powers, tightened rare earth licensing, bans on certain foreign …
During the pause in tariff escalation agreed in Busan last October, China has enacted a range of measures that expand its legal powers, tighten controls on critical technologies and raw materials, and broaden tools for retaliatory economic action. Beijing’s steps span from new export controls on solar and rare earths to domestic content rules for c…
President Donald Trump told Fox News that Iran can contact the United States by phone or visit if it wishes to negotiate an end to the conflict between the two countries. The comment came as Mr. Trump canceled a planned Pakistan trip by envoys Steve Witkoff and Jared Kushner, a move described as a setback to peace prospects after Iranian Foreign Mi…
Israel's military has instructed civilians in seven Lebanese towns north of the Litani River to evacuate, saying Hezbollah is breaching a fragile ceasefire. The order covers towns located outside the southern 'buffer zone' previously occupied by Israeli forces, and comes amid continued skirmishes, intercepted drones and conflicting claims about att…
