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
EISA's director says Brazil is set to ship a record volume of green coffee in the crop year beginning in July, driven by likely all-time-high production and current market inversion. While shipments should help rebuild low global stocks, the unfolding El Nino pattern could affect next season's flowering and influence growers' sales decisions.
European milling wheat advanced on Wednesday as a weaker euro made the continent's grain relatively more competitive abroad, even as futures fell in Chicago and crude prices eased following comments from the U.S. president about nearing an agreement with Iran. Euronext’s September milling wheat closed higher, and exchange data showed non-commercial…
The European Commission estimates that European Union countries can pare natural gas consumption by roughly 15 billion cubic metres this year through enhanced energy efficiency, the Commission's deputy head of unit for energy security and safety said at an industry conference in Amsterdam. The official said existing regulations put in place after M…
The U.S. Energy Information Administration reported a 7.9 million-barrel decline in crude oil inventories to 445.0 million barrels for the week ended May 15. The drawdown outpaced market expectations and coincided with lower refinery runs, a drop in gasoline stocks and a modest increase in distillates.
European natural gas benchmarks fell on Wednesday as oil weakened and investors parsed comments suggesting the Iran conflict could wind down quickly. Market attention to tanker movements through the Strait of Hormuz and ongoing uncertainty over negotiations between Washington and Tehran supported a cautious tone. Analysts also flagged soft European…
Finance minister Bezalel Smotrich said he was informed the International Criminal Court prosecutor submitted a confidential request for an arrest warrant against him. He responded by promising retaliatory measures against the Palestinian Authority and ordering the evacuation of Khan al-Ahmar in the occupied West Bank. The ICC declined to comment on…
A wide array of governments have introduced emergency steps to shield consumers, farmers and critical industries from surging energy costs linked to the U.S.-Israeli war on Iran. Measures range from tax cuts and subsidies to stockpile releases, export restrictions and temporary rationing, with many countries targeting fuel, fertiliser and electrici…
Traders are on alert ahead of Nvidia's first-quarter results, with options implying a 6.5% price swing and roughly $350 billion of market capitalisation at stake. At the same time, U.S. Treasury yields jumped to multi-year highs, oil remains elevated, and geopolitical developments are drawing investor attention. A widely watched 20-year bond auctio…
A severe drought across the U.S. Plains, combined with sharply higher diesel and fertilizer prices following the closure of the Strait of Hormuz, is squeezing growers from Texas to South Dakota. Producers report crop losses, reduced use of fertilizer, and a reliance on insurance or aid as yields fall and input costs climb.
On May 20, U.S. officials pushed for Ukraine to relax limits on imports of Belarusian potash and to advocate similar steps among European allies, arguing that reduced restrictions could help distance Belarus from Russia and create an opening for improved relations with Minsk. The move follows prior sanctions and targeted easing by the United States…
China has stated that its export controls on certain rare earths and other critical minerals are lawful and that it will work with the United States to study and resolve each other's reasonable and lawful concerns. The controls, introduced in April 2025 in response to U.S. Liberation Day tariffs, have coincided with sharp declines in shipments of m…
China says it and the United States have agreed in principle to include agricultural products in a reciprocal tariff-reduction framework following a summit between President Donald Trump and Xi Jinping. Beijing's statement affirms guiding goals to expand bilateral agricultural trade and references a board to oversee $30 billion of goods for tariff …
Gold traded with little movement in early Asian hours as markets weighed the inflationary effects of the Iran war and the prospect of higher interest rates. Small gains in spot and futures gold left prices close to recent lows while silver and platinum showed modest strength. Persistent bond yield highs and a firmer dollar added pressure to metals …
Oil prices edged down in early Asian trading after U.S. officials signaled progress in negotiations with Iran. July West Texas Intermediate futures fell 0.3% to $98.88 a barrel by 19:50 ET (23:50 GMT), following a roughly 1% drop on Tuesday. Market moves were tempered by continued supply disruption through the Strait of Hormuz and a larger-than-exp…
Chinese leader Xi Jinping and Russian President Vladimir Putin are scheduled to meet in Beijing for a summit focused on bilateral and international issues, to conclude with a private tea session. The visit follows U.S. President Donald Trump’s trip to the same capital, prompting careful comparison of symbolism and outcomes. Officials expect dozens …
Mexico's leading meat industry group is pressing to increase exports of processed beef to the United States next year as a countermeasure to lost income from a border closure prompted by a persistent screwworm outbreak. The shift requires ranchers to hold and feed animals domestically through slaughter and processing, lengthening the supply chain a…
The U.S. administration's proposed civil nuclear cooperation agreement with Saudi Arabia does not include the most stringent nonproliferation measures sought by Democratic lawmakers, according to a State Department letter. The draft requires a bilateral safeguards agreement rather than the broader U.N. International Atomic Energy Agency oversight s…
Citi projects Brent crude could reach $120 a barrel in the near term and lays out a bull-case of $150 if flows through the Strait of Hormuz begin to normalize in the third quarter. The bank also presents a central 2027 range of $80 to $90 per barrel, forecasts a 2026 contraction in oil demand growth of 0.6 million barrels per day, and expects globa…
European wheat futures rose after U.S. market gains and reports suggesting China may buy more U.S. grains and soybeans. Traders said the gains were tempered by a lack of detail and confirmation from China, while weaker crop ratings and an Algerian tender added to market focus. Benchmark September milling wheat on Euronext ended up 0.8% at 215 euros…
Natural gas deliveries to nine principal U.S. liquefaction terminals are set to fall to the lowest level in 16 weeks, driven by scheduled spring maintenance and intermittent plant outages. Projected feedgas volumes decline to 15.1 billion cubic feet per day from 16.3 bcfd the previous day, with average May flows below April’s monthly record.
European natural gas benchmarks rose on Tuesday, with the Dutch TTF front-month holding above 50 euros per megawatt hour, as the ongoing Iran war intensified worries about global supply. Market gains followed data showing a drop in LNG imports to Europe and reports of potential disruptions from planned industrial action in Australia and scheduled m…
Citi analysts warn that aluminium is encountering one of the largest modern supply shocks, with inventories at multi-decade lows and spare capacity nearly exhausted. The bank expects inventories to fall to fresh all-time lows in the next 6-12 months, projecting an average price of $4,000 a tonne in the second half of 2026 and a bull-case average of…
Indian Oil Corp is reporting a loss of 617 rupees ($6.39) on each 14.2-kilogram liquefied petroleum gas cylinder sold, a sharp rise from 171 rupees in April, driven by supply disruptions linked to the Iran war and the closure of the Strait of Hormuz. The state-run fuel retailer has diversified crude, LPG and LNG sourcing, purchased LNG from non-Mid…
U.S. President Donald Trump called off planned strikes on Iran after Tehran routed a fresh peace proposal to Washington through Pakistan, saying there is a "very good chance" of reaching a deal to curb Iran's nuclear programme. The announcement eased some of the recent market tension: crude prices retreated slightly but Brent crude remained above $…
Faced with sharply higher gasoline costs, Americans are altering travel choices and inventing practical workarounds. From a handyman who mounted a small gas engine on a Power Wheels toy to families staying closer to home and a rise in bus ridership, individuals and organizations are responding to sticker shock at the pump. Community efforts such as…
