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
The Venezuelan government has begun circulating a 63-page regulatory draft to operationalize a new hydrocarbons law, setting technical, fiscal and operational conditions for foreign and domestic companies that want to invest in the country’s oil and gas sector. The proposed regulations rescind the 1943 oil law and its 1969 regulations, create manda…
Draft implementing regulations for Venezuela's new hydrocarbons law indicate the Ministry of Hydrocarbons will decide royalty and tax rates on a project-by-project basis, overturning expectations that fixed rates below legal caps would be published. The law, approved in January, established a royalty ceiling of 30% and a maximum integrated hydrocar…
On May 16 the U.S. allowed a general license permitting the purchase of Russian seaborne oil stored on tankers to lapse after a month-long extension. The move follows pressure from lawmakers who argued the waiver provided revenue to Russia without lowering U.S. fuel costs. The extension had been part of a set of measures intended to ease energy mar…
China's commerce ministry described tariff, agricultural and aircraft arrangements reached during U.S. President Donald Trump's recent visit as "preliminary," confirming plans for new negotiation boards and signaling ongoing discussions on aircraft purchases and agricultural market access without offering timelines or commercial specifics.
In small farming communities along Colorado’s Highway 52, residents describe rising gasoline prices and tightened household budgets, yet many remain steadfast supporters of President Donald Trump. Voters in Morgan and Weld counties - areas that delivered large margins for Trump in 2024 - tell reporters they accept higher energy costs if it reduces …
Since the Iran war began in late February, diesel prices have surged, forcing U.S. school districts from Washington state to Alaska and Texas to draw on emergency funds, alter operations and consider cuts to non-essential services. Districts report steep year-over-year increases in diesel costs, limited budget flexibility and difficult choices abou…
President Trump told reporters that Chinese President Xi Jinping agreed Tehran should reopen the Strait of Hormuz, a vital corridor for global oil and liquefied natural gas shipments. China’s foreign ministry, however, issued a statement criticizing the conflict and gave no sign it would intervene. The dispute has already disrupted shipping through…
Cuba's government announced near-doubling of retail gasoline and diesel prices, but most public filling stations in Havana remained shut and officials have not said when fuel sold at the new rates will be available. The island has received no oil shipments since a Russian tanker delivered roughly 700,000 barrels in late March, a supply Cuban author…
Chicago Board of Trade corn futures dropped to a four-week low on Friday after U.S.-China trade talks in Beijing produced no specific, verifiable commitments for purchases of American agricultural commodities. Traders had hoped for firm purchase volumes for grains but were left without detailed assurances; market participants also pointed to techni…
U.S. soybean futures fell to their lowest level in over two weeks after a summit in Beijing between U.S. and Chinese leaders did not produce specific purchase agreements for American agricultural commodities. Corn hit a three-week low and wheat weakened as market participants adjusted expectations that had factored in potential new China purchases.
Roberto Sanchez, a left-wing lawmaker and former cabinet minister, has advanced to Peru's presidential runoff against conservative frontrunner Keiko Fujimori after securing 12.03% of the vote in April's general election. Sanchez is campaigning on convening a constituent assembly to draft a new constitution, increased state oversight of mining and g…
Recent EPA mandates that require record volumes of biofuels, combined with sharply higher diesel prices amid the U.S.-Israeli war on Iran, have pushed U.S. refiners into profitability on renewable fuels. Large refiners report swings from losses to gains in renewable diesel and biodiesel units, while tradable RIN credits and tight diesel supplies su…
The United States and Brazil, the world's leading ethanol producers, are preparing for notable increases in exports as a number of fuel-consuming countries move to diversify supply amid ongoing Strait of Hormuz tensions. The U.S. has recorded a 20% rise in ethanol exports so far this year, while Brazil could more than double shipments in the 2026/2…
Northwest European gasoline refining margins dropped roughly 14% to $27.42 per barrel as inventories in the Amsterdam-Rotterdam-Antwerp hub rose and crude prices firmed. Market trading showed multiple barges of E5 and E10 gasoline changing hands among major oil companies and traders while monthly export volumes from the EU-27 and UK declined versus…
Euronext wheat fell for a third straight session as global grain markets reacted to announcements from a U.S.-China summit and signs of improved crop conditions in Europe. The September milling wheat contract dropped to 209.50 euros per metric ton after funds reduced long positions following summit statements about future Chinese agricultural purch…
President Donald Trump said aboard Air Force One on May 15 that he discussed the potential removal of sanctions on Chinese firms that buy Iranian oil during his two-day summit in Beijing with President Xi Jinping, and that he expects to decide within days. He also said U.S. and Chinese leaders discussed broader energy trade and agreed on pressure t…
Brazilian federal police have carried out an operation tied to suspected tax evasion that targeted former Rio de Janeiro governor Claudio Castro and Refit owner Ricardo Magro, according to sources close to the investigation. The Supreme Court has ordered the freezing of roughly 52 billion reais in assets and suspended the economic activities of com…
A lack of concrete outcomes from the Trump-Xi summit, coupled with a continuing stalemate in the Middle East, has left oil prices elevated above $100 per barrel and inflation readings in the U.S. showing their largest monthly rises in years. The result: global bond yields are climbing, with long-term U.S. borrowing costs reaching levels not seen si…
London-listed mining equities dropped sharply, with the sector losing between 3.5% and 7.4% as renewed strains in U.S.-Iran relations prompted a broad pullback in gold and commodities. Spot gold fell 2.6% to $4,566.75 an ounce as investors unwound positions tied to a possible easing of geopolitical risk. Major miners including Antofagasta, Anglo Am…
After talks in Beijing, U.S. President Donald Trump said he and Chinese President Xi Jinping agreed that Iran must not be allowed to obtain a nuclear weapon and that the Strait of Hormuz should be reopened. The discussions touched on the Iran war, Taiwan, trade and other issues, but diplomatic efforts to end the conflict remain stalled as maritime …
U.S. Justice Department sources say prosecutors are preparing an indictment charging former Cuban president Raul Castro in connection with the 1996 downing of humanitarian aircraft. While the timing remains unclear and grand jury approval is required, the move comes amid strained U.S.-Cuban relations and recent high-level conversations about econom…
U.S. Trade Representative Jamieson Greer reported progress in Chinese shipments of rare earths to the United States, including significant recent deliveries of yttrium. However, he said some export licences are still delayed and U.S. officials must occasionally intervene for affected firms. Beijing's April 2025 export controls remain in place for c…
Gold retreated for a fourth consecutive trading session as a sequence of stronger-than-expected U.S. economic releases pushed the dollar higher and reduced the odds of near-term Federal Reserve easing. Investors also monitored a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing and ongoing Middle E…
Oil prices ticked up as market unease persisted over recent maritime incidents and constrained supply. Brent and U.S. West Texas Intermediate futures rose modestly by early trading, while reports of a ship seized by Iranian personnel, the sinking of an Indian livestock carrier and mixed Strait of Hormuz transit figures kept traders cautious. Offici…
U.S. Trade Representative Jamieson Greer said Chinese officials conveyed at the U.S.-China summit that they want the Strait of Hormuz reopened without restrictions or tolls and that Beijing intends to act pragmatically to limit military support for Iran. Greer made the remarks in a live interview from Beijing after participating in meetings between…
