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
This week delivered a dense slate of developments across central banks, energy markets and technology earnings. The Federal Reserve left its policy rate unchanged while its departing chair said he will remain at the Fed until "things have calmed down," and the meeting exposed an unusually high level of dissent. The Bank of Japan likewise recorded a…
Simultaneous April 25 attacks in Mali by militants tied to al Qaeda and separatist Tuareg rebels demonstrated how disparate armed groups can conduct coordinated strikes against the country's military government. Despite interventions by French, U.S., UN and Russian forces since 2013, these militant organizations - along with factions aligned with I…
European natural gas prices increased on Friday as the conflict involving Iran showed no signs of abating and shipments through the Strait of Hormuz remained significantly disrupted. The Dutch front-month contract at the TTF hub rose to 46.580 euros per megawatt hour at 09:50 GMT (05:50 ET), while political statements from both the United States an…
Analysis of official notices and tanker-tracking data shows Russia has become the dominant crude supplier to Syria, increasing shipments by about 75% to roughly 60,000 barrels per day this year. The flows, moved largely on vessels under Western sanctions or high-risk flags and often involving ship-to-ship transfers, cover a substantial portion of t…
Gold held steady in Asian trading after suffering two consecutive months of losses, with prices supported only modestly as uncertainty over the Iran war and the potential for higher global interest rates continued to weigh on the market. Muted volumes due to holidays in much of Asia and upward pressure on oil prices added to the cautious tone, whil…
California motorists saw average gasoline prices top $6 a gallon, the highest since October 2023, as disruptions tied to the Iran conflict reduced global oil flows and strained deliveries to the state. The spike has sharpened political disputes over state fuel taxes and energy policy while squeezing consumers and raising concerns about summer trave…
Oil prices rose in early Asian trade after a volatile finish to April, supported by concerns that disruptions tied to U.S.-Iran hostilities and bottlenecks in the Strait of Hormuz could keep supplies constrained. Brent futures jumped to $111.50 a barrel for July delivery, while U.S. WTI rose above $105 a barrel, underpinned by reports of possible U…
Central bankers from Tokyo to Washington are increasingly divided over how to react to a sharp energy shock. With Brent crude near $120 a barrel and visible splits on policy committees, investors may face more uncertainty, mixed messages on rates, and higher market volatility in the months ahead. High-profile votes at the U.S. Federal Reserve and t…
Venezuela's acting president Delcy Rodriguez said the country's monthly minimum income will be raised to $240 and pensions to $70, a 40% boost for retirees, as public sector workers stage protests over insufficient pay. Rodriguez framed the move as a step to restore wage purchasing power while noting uncertainty over the split between base salary a…
India has reduced export duties on diesel and aviation turbine fuel, cutting the levy on diesel to 23 rupees per litre from 55.5 rupees and lowering the export duty on aviation turbine fuel to 33 rupees from 42 rupees. Duties on petrol exports remain zero, and levy rates on petrol and diesel for domestic consumption were maintained. The moves come …
A 60-day legal deadline tied to the 1973 War Powers Resolution is set to expire on May 1 after the U.S. formally notified Congress following the start of military action on February 28. With the situation reduced to a tense stalemate over maritime routes and a fragile ceasefire in place, the administration is weighing whether to seek a 30-day exten…
Independent storage of jet kerosene in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped about 4.7% week-on-week to 552,000 metric tons, the lowest level since March 2020, driven by a halt in imports and continued firm demand from inland locations, Insights Global reported. Other product movements included a 1% decline in gasoi…
Prices for Russia's Urals crude at western ports returned above $100 per barrel after a broad rebound in global crude values. Traders' calculations put Urals at about $104 FOB at Primorsk and roughly $106 FOB at Novorossiisk, supported by stronger Brent and supply-concern dynamics tied to strained US-Iran negotiations and tensions in the Gulf regio…
Repsol's CEO Josu Jon Imaz said the Spanish energy group is not rushing to pursue a U.S. listing or reverse merger for its upstream oil and gas unit, despite prior plans pointing to a potential 2026 liquidity event. While the unit is technically ready for the American market, Imaz said Repsol and its partner EIG remain aligned in preferring to wait…
Chicago Board of Trade grain contracts gave back earlier advances on Thursday, mirroring a pullback in global crude oil after it surged to a four-year high. Soybeans led the decline, while corn and wheat also eased from multi-week highs as market participants weighed oil moves, planting progress in the U.S. Midwest and new Indonesian import control…
Paraguayan President Santiago Peña will travel to Taiwan from May 7 for a state visit that officials say is intended to strengthen diplomatic and economic links. The trip occurs as China expands engagement with Paraguayan political circles and as internal debate grows over the economic costs of recognising Taipei. Peña's administration has reiterat…
UBS strategists say gold could reach about $5,900 per ounce by late 2026, driven mainly by investment demand, central bank buying and macroeconomic forces including expectations of a weaker U.S. dollar and declining real interest rates. Near-term volatility and elevated real yields related to an oil shock may limit immediate upside, but the bank vi…
Global crude climbed to the highest level in more than four years on fears that a U.S.-Iran war could deepen and choke supplies, but prices retreated from intraday peaks as markets absorbed heightened volatility around contract expiries and large sell orders. The conflict has already tightened flows through the Strait of Hormuz and pushed both Bren…
UBS has reduced its silver price projections across several horizons, citing weaker investment demand, softer industrial consumption particularly from photovoltaics, stronger mine output and falling ETF holdings. The bank trimmed its June, September, December and March 2027 targets and now expects a much smaller 2026 market deficit than previously …
A fresh surge in oil prices tied to the Iran conflict pushed crude to the highest levels since the war began, complicating market reaction to a hawkish Federal Reserve hold and heavy tech sector capital spending. Treasury yields and futures repriced Fed prospects, while earnings from major technology firms pointed to continued large-scale AI invest…
Chinese customs records show a 60-ton shipment of yttrium oxide to the United States in March, a volume 50% larger than all yttrium exports to the U.S. since Beijing imposed export controls last April. The move comes after most rare earth exports resumed following a trade truce late last year, though yttrium shipments had largely remained halted, d…
Saudi Arabia's real gross domestic product expanded 2.8% year-on-year in the first quarter, according to preliminary government figures, down from 3.7% a year earlier. The slowdown reflects the economic effects of regional hostilities tied to the U.S.-Israeli campaign against Iran and subsequent Iranian strikes that have damaged energy infrastructu…
The United Arab Emirates will leave OPEC on May 1, freeing itself from group production quotas and reducing OPEC+ control of global oil output. While the exit weakens the alliance’s market influence, delegates and analysts say the remaining members are likely to continue coordinating oil supply policy rather than fragmenting.
Around Myrotske and other sites north-west and north of Kyiv, Ukrainian demining crews are pairing manual detection with remote-operated machines and artificial intelligence to clear vast areas contaminated by mines and unexploded ordnance. Organisations such as HALO Trust have mobilised local staff and begun using AI to analyse drone imagery and t…
Gold recovered modestly from a one-month trough in Asian trading as markets balanced persistent concerns over the U.S.-Iran war with signs of a potentially hawkish outlook from the Federal Reserve. While bullion gained, broader pressures - including dollar strength and rising oil prices - continued to cap upside for non-yielding assets.
