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
Brent crude futures rose above $100 a barrel on Sept. 9 as renewed violence in the Middle East heightened concerns about the security of oil shipments and output. U.S. West Texas Intermediate also climbed, while analysts and some major banks have lifted price projections amid shrinking flows through the Strait of Hormuz and threats to Red Sea trans…
Iraq has asked OPEC+ to base its production quota on a capacity of 6 million barrels per day as the group conducts a review of members' maximum sustainable output. The request would substantially exceed Iraq's current OPEC+ ceiling of 4.431 million bpd for September and October. Recent disruptions through the Strait of Hormuz pushed Iraq's August o…
Gold rebounded modestly after a three-session decline as a slightly weaker dollar made bullion cheaper for overseas buyers. Prices remain under pressure from a renewed chance of a Federal Reserve rate increase at the Sept. 14-15 meeting, while tensions in the Middle East and elevated oil costs sustain inflation risks ahead of this week’s U.S. infla…
Brent crude approached the $100-per-barrel mark and WTI continued a multi-day winning streak as renewed U.S.-Iran confrontations and attacks in the Gulf disrupted shipping and raised the risk of broader supply interruptions. Markets are monitoring military strikes, missile launches, and threats to Gulf states, while flows through the Strait of Horm…
Oil prices climbed for a fourth straight session on September 9, rising more than $1 in early trading after Iran launched ballistic missiles at U.S. military targets and what it described as a U.S. base in Jordan. Brent crude reached $99.49 a barrel by 0001 GMT while U.S. West Texas Intermediate traded at $94.63. The moves come amid continued excha…
On Sept. 8, President Donald Trump directed the General Services Administration to coordinate with the U.S. Trade Representative to remove products of Canadian origin from the agency's Multiple Award Schedules unless Canada restores what he termed "full and fair reciprocity" for American farmers and companies. The move was announced via a post on T…
Euronext wheat futures declined after reports of a phone call between U.S. President Donald Trump and Russian President Vladimir Putin shifted market sentiment toward the possibility of diplomatic progress on the Ukraine war and relief for Black Sea grain trade disruptions. The December contract settled 1% lower at €247.25 ($287.30) per metric ton …
Northwest European gasoline refining margins fell by about $5.03 to $53.21 per barrel on Tuesday as crude oil prices rose. Physical trading in the region moved several E5 and E10 gasoline barges among major traders, while industry commentary points to prolonged fuel shortages driven by refinery damage and depleted inventories. Observed flows throug…
Venezuela has promoted mineral extraction as an alternative to oil, but inconsistencies in public data and limited operational transparency make it difficult to gauge the country’s true mining potential or recent output trends. Government publications have conflated reserves and resources, relied on old surveys, and reported production increases wi…
Copper prices on the London Metal Exchange have surged to record highs as uncertainty around proposed U.S. import tariffs encourages speculative buying and redirects metal into U.S. warehouses. Benchmark LME copper hit $14,779 per metric ton, extending a four-session winning streak, while a persistent arbitrage and rising COMEX stocks reflect stron…
David Bird, chief executive of Nigeria’s Dangote refinery, warned that global fuel shortfalls will extend beyond the conclusion of the U.S.-Iran conflict because of damaged refining capacity and the need to rebuild stockpiles. Dangote is preparing a major capacity expansion and reported a strong first-half profit, benefiting from disruptions to glo…
The United Nations Conference on Trade and Development (UNCTAD) cautioned that recent disruptions in the Strait of Hormuz are placing disproportionate burdens on small and medium-sized enterprises (SMEs), potentially forcing many out of global supply chains. Higher energy bills, freight and insurance costs, and tighter financing are straining SMEs …
The Baltic Exchange's main dry bulk freight gauge rose modestly on Tuesday, supported by an uptick in capesize vessel rates. While capesize earnings increased, panamax rates slipped, producing a small net gain for the composite index. Iron ore prices extended a four-session advance, helped by reduced shipments and anticipated seasonal demand growth…
Yemen’s Houthi movement, backed by Iran, has resumed missile and drone strikes on Saudi cities, energy infrastructure and Red Sea shipping. The escalation, which comes more than six months into the U.S. war with Iran, risks re-igniting Yemen’s frozen civil war and further disrupting global trade and oil exports already strained by disruptions in th…
A sudden appreciation of Japan's yen to levels not seen since February disrupted markets at the start of the week, prompting repositioning ahead of what appears to be an impending Bank of Japan rate increase. The move coincided with upgraded Japanese GDP figures and a strong rise in real wages, while gains in other Asian currencies, higher oil and …
Ukraine's president said U.S. envoys Steve Witkoff and Jared Kushner brought several "decent ideas" in recent talks with Kyiv and Moscow, but their meetings did not produce a breakthrough to end the war. Zelenskiy signalled further diplomatic work, a planned meeting with U.S. President Donald Trump later in September to discuss winter air defence s…
India's aggregate fuel consumption in August fell 2.8% from the same month in 2025, with total usage reaching 18.61 million metric tons, according to data from the Petroleum Planning and Analysis Cell of the oil ministry. The month saw gains in gasoline and diesel volumes, contrasted with notable declines in liquefied petroleum gas and naphtha, whi…
Russian forces renewed an aerial campaign on Kyiv early Tuesday following a short pause coinciding with the departure of U.S. peace envoys, killing two people and injuring at least 10. The assault sparked fires and damaged multiple residential and public buildings, while Poland launched preventive air operations and a Russian region reported injuri…
Goldman Sachs has lifted its Brent and WTI price forecasts by $5 per barrel, citing expectations that shipping disruptions in the Middle East will continue into 2027. The bank's strategists, led by Daan Struyven, elevated forecasts to $85 for Brent and $80 for WTI for December 2026, and to $80/75 for Brent/WTI in 2027. Despite the upgrade, the team…
Oil prices continued to rise on Tuesday, with Brent crude holding above $97 a barrel and U.S. WTI advancing strongly, after Iranian officials warned that oil and gas infrastructure in the Gulf could be subject to retaliation. Statements from Iranian leaders about a potential maritime exclusion zone and alternative shipping corridors have intensifie…
Brent crude has strengthened this month but remained under $100 a barrel even after renewed U.S.-Iran tensions disrupted shipments through the Strait of Hormuz and elsewhere. A combination of meaningful volumes still transiting Hormuz at times, rerouted Gulf exports, rising output from non-OPEC producers, and substantial demand destruction - partic…
Shipping transits through the Strait of Hormuz declined at the start of the week after Iran threatened to retaliate against any further U.S. attacks, while passage through the Bab el-Mandeb increased. Kpler monitoring reported lower counts for Hormuz and higher counts for Bab el-Mandeb, and Goldman Sachs adjusted its oil-price forecasts expecting d…
Gold prices held near recent levels on Tuesday after earlier strength, buoyed by a softer U.S. dollar as the Japanese yen surged. Traders balanced currency-driven demand for bullion against stronger Fed rate expectations, higher oil prices tied to Middle East tensions, and an upcoming U.S. inflation report that could reshape interest rate bets.
A report from the Global Initiative Against Transnational Organized Crime’s Haiti Observatory finds that armed gangs are increasingly operating beyond Port-au-Prince, employing small, mobile units to conduct rapid raids, kidnappings, cattle theft and roadblocks in rural areas. The shift is affecting agricultural zones and transportation corridors a…
China’s private soybean processors are confronting a mounting supply and margin squeeze entering the fourth quarter. With Brazilian supplies tightening and a 10% tariff keeping most U.S. shipments off the table, crushers face negative theoretical crush margins even before the tariff is applied. Processors hope for tariff relief or state reserve auc…
