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
The Federal Energy Regulatory Commission has issued draft 'show cause' orders instructing six regional grid operators under its jurisdiction to re-examine how they connect and charge very large energy users, including data centers. The move responds to rising electricity demand from server farms that is pushing U.S. power use to record levels and o…
ICE coffee contracts eased on Thursday after touching multi-week highs earlier in the session amid mounting concerns about a potential "super El Niño". Arabica fell 1.6% to $2.6735 per pound at 1527 GMT after reaching $2.7810, its strongest level since mid-May, while robusta traded higher overall, rising 0.4% to $3,636 per metric ton after touching…
The Baltic Exchange's dry bulk freight index ticked up after hitting its lowest point since April 21, driven by a rebound in capesize vessel rates. While capesize and supramax segments gained, panamax rates slipped. Dalian iron ore futures fell for a third session as cost supports eased amid weak Chinese demand. Separately, a U.S.-Iran memorandum c…
Bank analysts warn that oil shipments through the Strait of Hormuz and crude production are unlikely to return to pre-conflict levels quickly despite an interim U.S.-Iran agreement. Goldman Sachs, BNP Paribas and Bank of America all highlighted logistical, operational and geopolitical hurdles that could stretch normalization over several months, ke…
Official statistics show Azerbaijan moved 10.6 million metric tons of crude via the Baku-Tbilisi-Ceyhan (BTC) pipeline from January through May 2026, an 8.6% decline compared with the same period in 2025. The BTC carried 76.8% of the country's total oil transit of 13.8 million tons, while transit shipments from Kazakhstan and Turkmenistan through t…
OPEC left its near-term projection for global oil demand largely unchanged and increased its long-term forecast, arguing that recent policy moves and regional expansion will sustain consumption. The group expects demand to reach 113.3 million barrels per day by 2030 and raised its 2050 estimate to 124 million bpd. The outlook comes amid supply stra…
Screwworm, a flesh-eating parasitic fly, has reappeared in the U.S. Southwest for the first time since the 1970s. The pest, which lays eggs in wounds of warm-blooded animals, threatens livestock, wildlife and household pets. Early detection and veterinary treatment are critical, while federal agencies are expanding surveillance and sterile fly prod…
Ukrainian drone strikes hit an oil refinery in southeast Moscow for the second time in three days, producing huge explosions and a major fire that sent thick black smoke over the capital. The incident, which involved the disc-shaped lid of a storage tank being thrown into the air, forced airport closures and raised concerns about fuel supply and pr…
Three Saudi-flagged supertankers carrying a combined 6 million barrels of crude and multiple additional tankers moved through the Strait of Hormuz hours after the United States and Iran signed an interim agreement to end their conflict. Ship-tracking feeds showed vessels broadcasting positions after weeks of operating with transponders off. Industr…
UBS increased its weighting in industrial metals from moderately overweight to overweight, while trimming its energy allocation from overweight to moderately overweight. The bank points to a price pullback in base metals as an entry point amid structural demand and supply constraints, but warns of ongoing near-term volatility. Precious metals remai…
Markets briefly reacted to a hawkish tilt from the Federal Reserve after the central bank left rates unchanged at 3.50%-3.75%, but an unexpected 14-point memorandum of understanding between the U.S. and Iran dominated sentiment. The agreement pressured crude to multi-month lows and supported gains in Asian equities, while policymakers from the Fed …
Industry participants say an expected reopening of the Strait of Hormuz following a U.S.-Iran interim agreement could release large volumes of crude now stranded in the Gulf, weighing on regional benchmarks and refinery economics even as many Asian buyers have already booked summer arrivals and China trims runs for maintenance.
European natural gas prices fell for a sixth consecutive session following an interim peace agreement between the Presidents of the US and Iran. The Dutch front-month contract dropped to 40.04 per megawatt hour and the British contract slid to 96.45 pence per therm, with both benchmarks moving toward two-month lows. The accord includes reopening th…
Gold prices recovered from a prior session decline in Asian trading as an interim U.S.-Iran agreement eased concerns over a sustained oil supply shock. Gains were moderated by Federal Reserve signals that leave open the possibility of tighter monetary policy, supporting the dollar and Treasury yields.
Crude futures declined in early trading after the United States and Iran signed a 14-point interim memorandum that would end the Iran war, lift U.S. sanctions on Iranian oil and restore toll-free passage through the Strait of Hormuz. Brent and U.S. West Texas Intermediate both fell by more than 1% as traders adjusted to a prospect of faster-than-ex…
Oil prices eased in Asian trading after markets absorbed the details of a 60-day U.S.-Iran interim agreement and comments from U.S. President Donald Trump. While an expected return of Iranian crude weighs on near-term supply expectations, a larger-than-forecast draw in U.S. commercial stocks and unchanged U.S. interest rates provided mixed support …
Speaking in Evian-les-Bains, France, U.S. President Donald Trump said sanctions on Iran could be removed if Tehran changes its behavior and suggested frozen Iranian funds might be returned to avoid undermining confidence in the dollar.He emphasized the economic pressure sanctions place on Iran and reiterated a pattern of imposing and later lifting …
Northwest European gasoline refining margins fell $2.69 on Wednesday to $25.73 per barrel after U.S. President Donald Trump said his ceasefire agreement with Iran was not final and that he could resume the war if unsatisfied. The fall occurred even as regional inventories declined and several Eurobob gasoline barge trades were reported. U.S. gasoli…
Speaking at a press conference on the sidelines of the Group of Seven meeting in Evian-les-Bains, France, U.S. President Donald Trump said investigators have determined that the deadly February strike on a girls' school in Iran was not deliberate. The February 28 attack, on the first day of the conflict, was reported by Iranian officials to have ki…
At the conclusion of the G7 summit in Evian-les-Bains, President Donald Trump defended the United States' acceptance of a peace deal with Iran, saying he acted to prevent what he described as a potential economic catastrophe. The regional war that erupted after strikes on Iran has already driven up energy costs, intensified inflationary pressures a…
The U.S. Treasury did not publish an extension of a waiver on sanctions for Russian seaborne oil when it expired at midnight, and the administration has not said whether sanctions will be re-imposed. President Donald Trump said officials are monitoring oil prices and noted rising Middle Eastern flows after Washington and Tehran reached a memorandum…
U.S. crude inventories declined by 8.3 million barrels to 418.2 million barrels in the latest weekly report from the EIA, a larger draw than analysts anticipated. Refinery activity increased, while gasoline stocks edged down and distillates rose unexpectedly versus forecasts. The data highlights differences between market expectations and actual su…
Brazil's Finance Ministry executive secretary said that existing subsidies on diesel and gasoline can be withdrawn if crude oil prices settle around $80 per barrel amid signs of easing tensions in the Middle East. The ministry official tied potential policy changes to improvements in inflation expectations, recent moves in the currency and oil mark…
Several large tankers loaded with Iranian crude have transited past a U.S. naval enforcement line this week, signalling Iranian shipping is repositioning as a memorandum of understanding between Washington and Tehran nears formal signing. The movements come amid U.S. statements that its operations against Iran-linked shipping will remain in place u…
At the G7 summit in Evian-les-Bains, President Donald Trump said he had productive conversations with both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. Zelenskiy and European allies arrived at the lakeside meeting seeking to underscore recent battlefield gains attributed to Ukrainian drone operations deep inside Rus…
