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
The United Arab Emirates has cut daily oil production by more than half after the effective closure of the Strait of Hormuz and a series of attacks prompted state oil company ADNOC to implement extensive well shut-ins. The stoppage has taken both onshore and offshore output offline, with analysts estimating Middle East cuts of 7-10 million barrels …
Morgan Stanley says that geopolitical tensions in Iran and the Gulf are driving higher energy prices and prompting Asian utilities to increase coal-fired generation. The bank quantifies potential uplifts in monthly seaborne thermal coal import demand for Northeast and South Asia and highlights possible effects on Chinese domestic coal prices and Au…
Gold has weakened roughly 5% since hostilities involving Iran began in late February, even as oil prices rose above $100 per barrel amid an intensifying conflict. Analysts point to investors selling gold to raise cash during a broad global equities selloff, while higher Treasury yields and a stronger dollar have further pressured bullion and mining…
Nomura has trimmed its December 2026 Nifty 50 target to 24,900, citing a sharp rise in Brent crude after an unprecedented stoppage of shipments through the Strait of Hormuz. The brokerage sees potential for up to 15% cuts to corporate earnings, raises inflation forecasts, and outlines a three-tier fiscal burden-sharing framework for higher oil pric…
Treasury Secretary Scott Bessent told CNBC that the United States has been permitting Iranian oil tankers to pass through the Strait of Hormuz. Despite recent attacks on commercial shipping, Iran continues to export roughly 1.5 million barrels per day. The U.S. expects tanker movements to increase before naval escorts for commercial vessels begin.
The recent spike in Brent crude above $100 follows growing hostilities in the Middle East and heightened talk of disruptions around the Strait of Hormuz. In a client note, BCA Research Chief Strategist Jeremie Peloso drew parallels with 2022 but warned the current episode could be shorter and yet more broadly disruptive, threatening oil supply and …
Morgan Stanley remains constructive on aluminum, citing smelter shutdowns in the Middle East that remove 564,000 tonnes per annum - about 0.8% of global capacity - and a separate 500,000 tpa outage in Mozambique. The bank points to constrained Chinese supply, Indonesian power-related delays and broader production hurdles as additional supports for …
Bank of America has raised its forecast for the 2026 average price of Brent crude to $77.50 per barrel, citing supply disruptions in the Strait of Hormuz that have accelerated inventory drawdowns. The bank presents two equally likely scenarios for the duration of the disruption and has adjusted its mid-cycle oil assumption upward, prompting higher …
Russia's Urals crude delivered to India's west coast rose to $98.93 a barrel, including shipping, the highest level since Moscow redirected shipments to India following the early-2022 invasion of Ukraine. The move follows a U.S. expansion of a permit allowing purchases of Russian oil and comes amid elevated global oil prices tied to the ongoing war…
The Strait of Hormuz, a narrow chokepoint through which roughly one-fifth of the world’s energy supplies transit, has been rendered unsafe by Iranian use of drones, missiles and mines following a U.S.-Israeli attack on February 28 and the killing of Iran’s supreme leader. Even with international naval help, reopening and securing the waterway on a …
British Prime Minister Keir Starmer said on Monday that efforts to reopen the Strait of Hormuz will not be undertaken as a NATO operation. Instead, the UK is working with a coalition of partners from Europe, the Gulf region and the United States to develop a credible plan to reopen shipping and passage through the strategic waterway.
With the Iran conflict stretching into its third week and Brent crude trading above $100 a barrel, global markets are pivoting toward a packed slate of central bank meetings. Policymakers must assess the inflationary pressure from higher energy prices alongside signs of slowing growth and a softer labour market. Trade negotiations, disruptions to a…
Shell has released forecasts indicating a substantial increase in global liquefied natural gas (LNG) demand from a 2025 baseline of 422 million metric tons per annum (MTPA). The energy major expects demand to reach between 650 and 710 MTPA by 2040 and between 610 and 780 MTPA by 2050, and warns that additional supply investment will be necessary in…
A White House Office of Trade and Manufacturing Policy report contends that the perceived threat from Iran has imposed a persistent "terror premium" on global crude prices, inflating costs by an estimated $5 to $15 per barrel. The 13-page analysis argues that eliminating Tehran's ability to threaten regional energy infrastructure or shipping lanes …
Major brokerages have increased their average oil price projections for 2026 after the U.S.-Israeli conflict with Iran entered its third week and oil prices jumped over 40% this month. Market commentary highlights potential for sharply higher price ceilings if shipping through the Strait of Hormuz remains constrained, while some forecasters expect …
Japan and Australia have told the United States they do not plan to dispatch naval vessels to escort shipping through the Strait of Hormuz after President Donald Trump urged allied nations to help protect the choke point. The request comes amid an intensified U.S.-Israeli campaign against Iran that has effectively closed the strait to much of the w…
President Donald Trump has urged international partners to assist in securing the Strait of Hormuz after Iranian forces effectively closed the vital waterway, cutting off roughly a fifth of global oil shipments. Washington has said it contacted seven countries but has not named them. Responses from Japan, Australia, South Korea and Britain indicate…
Gold slipped beneath the $5,000 per ounce threshold in Asian trading as concerns about energy-driven inflation tied to the U.S.-Israel-Iran conflict persisted and investors grew cautious ahead of an upcoming Federal Reserve meeting. A stronger dollar, rising yields and trader liquidations added pressure on bullion even as geopolitical risk remained…
Senior U.S. and Chinese economic negotiators concluded extended talks in Paris aimed at producing possible 'deliverables' for a planned Xi-Trump summit in Beijing. Discussions touched on expanded Chinese purchases of U.S. agricultural goods, formal managed-trade mechanisms, and access to critical minerals and energy-related commodities. Leaders wil…
Oil prices climbed sharply in Asian trading after weekend strikes on Kharg Island and a series of retaliatory actions that have left the Strait of Hormuz effectively blocked. Brent futures briefly rose 3% before settling lower, with market attention focused on supply disruption risks and naval-security steps being readied by the U.S. administration…
Oil prices climbed further as the U.S.-Israeli military campaign against Iran entered a third week, threatening key export infrastructure and leaving the Strait of Hormuz closed. Brent and U.S. crude rose sharply, while authorities and agencies announced releases of strategic stocks and military options were discussed amid competing signals on the …
Senior U.S. and Chinese economic envoys met in Paris in talks described by participants as stable and constructive. Discussions covered expanded agricultural purchases, proposed managed-trade mechanisms, and concerns over critical minerals access, with potential proposals to be reviewed by the two presidents during a forthcoming summit in Beijing.
Israel's foreign minister has dismissed reports that the country is running critically low on ballistic missile interceptors. The denial follows media accounts citing an unnamed U.S. official and comes amid repeated missile and drone strikes from Iran and launches by Hezbollah from Lebanon. Israeli officials also addressed reports of prospective di…
A recent shake-up in shipping routes and production decisions has made Iran the decisive actor in the pace at which global oil and LNG markets can reopen. Industry letters from a major Gulf exporter, field shutdowns across the region and a closure of Qatari LNG output illustrate how attacks and counter-attacks have sidelined diplomatic and military…
Oil markets face continued upward pressure as the U.S.-Israeli conflict with Iran moves into its third week, exposing critical export facilities and keeping the Strait of Hormuz closed. Major crude benchmarks have surged sharply this month, prompting coordinated releases from strategic reserves even as diplomatic routes for de-escalation remain blo…
