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.
2,521 total articles
China's market regulator has scheduled a meeting with solar industry representatives for Friday to outline expectations on pricing compliance and the implementation of cost-accounting standards, local media outlet Cailianshe reported on Wednesday. The measure forms part of a renewed drive to curb what authorities call 'involution-style' competition…
Gold traded marginally lower in Asian hours as market participants largely stood aside ahead of the U.S. Federal Reserve's policy decision. The yellow metal hovered around $4,025 an ounce by late New York trading, with oil staging a rebound of more than 4% after renewed hostilities in the Middle East, prompting renewed worries about inflation and i…
Oil futures climbed more than 4% as Iran launched a second wave of ballistic missiles aimed at U.S. forces in the region, prompting renewed supply concerns despite U.S. officials saying interceptors engaged the projectiles. A reported draw in U.S. crude stocks and indications that OPEC+ may delay planned production increases from October contribute…
The American Petroleum Institute (API) has publicly opposed establishing tolls or transit fees for vessels transiting the Strait of Hormuz, after a Gulf-backed proposal reportedly offered Iran the option to collect voluntary fees. API CEO Mike Sommers warned against endorsing a new tolling authority, particularly one linked to the threat of further…
Chinese officials have held direct contacts with Yemen’s Houthi movement to secure guarantees that Chinese-flagged and Chinese-bound tankers can transit the southern Red Sea without being targeted, sources with knowledge of the discussions said. The outreach follows a Houthi declaration on July 20 limiting access to Saudi ports and has involved ind…
Corn futures on the Chicago Board of Trade rose modestly after the U.S. Department of Agriculture reported a larger-than-expected drop in the weekly crop condition rating. The USDA said 63% of the corn crop was rated good-to-excellent as of Sunday, down from 67% the previous week and below the average analyst estimate of 65%. Weather forecasts call…
Gold is trading around $4,029, down about 1.17% on the day and roughly 25.4% below six-month highs, as investors weigh a possible Fed rate move against ongoing structural demand from central banks. Technical indicators on daily and weekly charts read Strong Sell, yet heavy central bank purchases and oversold weekly momentum indicators leave scope f…
European wholesale natural gas prices fell a further 3% on Tuesday, reaching levels not seen in over a week. The decline in front-month contracts at the TTF hub and Britain's equivalent tracked a retreat in Brent crude and remarks from U.S. President Donald Trump suggesting productive talks with Iran, which reduced immediate geopolitical risk premi…
Oman has offered Iran a regional framework to oversee the Strait of Hormuz that would use voluntary user fees and shared management rather than granting Tehran exclusive control. The plan, which reportedly has regional support and is modeled on the Strait of Malacca funding system, arrives as the United States temporarily halted a campaign of air s…
Brent and WTI plunged sharply in a single session after a pause in U.S.-Iran hostilities and signals that OPEC+ will raise output quotas in September. A surprise crude inventory build and falling speculative positions have compounded losses, leaving prices vulnerable unless geopolitical risks re-emerge.
The U.S. Treasury has removed 84 people and entities from its sanctions lists as part of a wide-ranging review intended to streamline the Specially Designated Nationals and Blocked Persons List (SDN List) and reduce compliance frictions for financial institutions. The action follows earlier removals and comes amid efforts to add clearer identifying…
Baker Hughes expects a modest overall decline in capital and operating outlays by oil and gas producers this year. Company executives said growth in Latin America, offshore Africa, and North America land will be balanced by reduced spending in Europe and the Middle East, where elevated geopolitical tensions have prompted a more cautious approach fr…
Northwest European gasoline refining margins rose $5.97 to $38.97 per barrel on Monday, supported by crude oil prices hovering near one-week lows after a pause in strikes between the U.S. and Iran. Market activity included several sizeable Eurobob barge sales by major oil companies. Policy responses to rising fuel costs and supply disruptions were …
Russian export wheat values were unchanged last week after an earlier uptick, with higher freight rates dampening demand and global quotations falling on speculation that restrictions on Black Sea shipping might be loosened. Industry analysts cautioned that the market reaction to rumor-driven easing was likely excessive and that shipping conditions…
Chicago Board of Trade soybean futures fell after recent gains, pressured by profit-taking and a decline in oil prices. Export sales data from the U.S. Department of Agriculture showed continued demand, with shipments reported to China and to unspecified buyers. November CBOT soybeans were trading lower after earlier reaching a more-than two-year p…
European wholesale natural gas prices plunged almost 9% on Monday after oil markets slumped on de-escalation signals from the Middle East. The move pared back recent gains that had pushed benchmark contracts to four-month highs, while lingering storage deficits and uncertainty over the durability of the geopolitical thaw keep the market sensitive a…
Oil prices retreated sharply after the United States and Iran paused military strikes over the weekend, prompting investors to roll back a wartime risk premium that had pushed crude to recent highs. While the diplomatic pause eased immediate fears, continued disruptions to shipping routes and dwindling stock buffers leave markets exposed to renewed…
President Donald Trump said he will not advance a U.S. civil nuclear agreement with Saudi Arabia unless the kingdom formally joins the Abraham Accords, adding a public condition to a pact already signed by Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman. The Department of Energy has said the agreement aims to dev…
Barclays said the risk profile for its 2026 Brent forecast is skewed to the upside if the current impasse over passage through the Strait of Hormuz continues. The bank quantified incremental upside to its $96/bbl 2026 Brent baseline for one-, two- and three-month durations of the disruption, and warned that spot prices could lead any rapid rally.
Protesters in Kyiv have launched an open-ended demonstration calling for the return of dismissed defence minister Mykhailo Fedorov. The unrest follows a contested government reshuffle that removed Fedorov and replaced the commander-in-chief Oleksandr Syrskyi with Mykhailo Drapatyi. Demonstrators and organisers say they will maintain pressure after …
U.S. energy firms reduced the number of active drilling rigs for the first time in six weeks, with the combined oil and gas rig count falling by one to 587 in the week ending July 24. The move reflects a small pullback in oil-directed activity even as gas-directed rigs rose modestly. Broad-year declines in rig counts over recent years and EIA outpu…
Wheat futures on Euronext closed sharply lower following denials from Ukraine's agriculture minister that Kyiv is discussing alternative means to safeguard grain exports through Black Sea ports in the Odesa region. The September milling wheat contract ended the session down 4.2% at €231.75 per metric ton after an earlier slide of more than 6%.
Yemen appears to be sliding back toward active hostilities as Houthi attacks on Saudi infrastructure and shipping intensify. Military build-ups by both Houthi and government forces along a northwest front, coupled with a Houthi-declared naval blockade and strikes on Saudi vessels and an airport, have increased the risk of a resumed conflict despite…
Physical crude oil values in the Middle East, Europe and Africa rose to two-month highs this week, with some grades nearing $110 per barrel. Disruptions tied to attacks in the Red Sea and to a Black Sea export terminal closure have tightened supply, prompting buyers to seek alternate sources and lifting spot premiums for regional benchmarks.
Ukrainian drone formations operating well behind the front line have launched a concentrated campaign against ships and coastal targets around Crimea and in the Black Sea, reporting strikes on more than 180 sea-borne targets over roughly three weeks. Units led by commanders using call signs such as "Ray" and Robert "Magyar" Brovdi say they are aimi…
