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
Senior administration officials have notified U.S. oil companies and maritime groups to prepare for a potential temporary waiver of the Jones Act that could permit foreign-flagged vessels to carry fuel between domestic ports. The step, which could be announced as early as Thursday, is being considered to address rising fuel prices linked to the sta…
U.S. Energy Secretary Chris Wright said it is unlikely that global oil prices will reach $200 a barrel, even as crude tankers continue to be stalled in the Strait of Hormuz amid the ongoing war involving the U.S. and Israel with Iran. Wright made the comment on CNN and told CNBC that U.S. naval escorts through the strait are not possible at present…
Oil markets remain extremely unsettled as attacks on shipping and energy infrastructure around the Strait of Hormuz have sharply curtailed flows. Brent crude has oscillated widely, prompting the International Energy Agency and member nations to authorize an unprecedented 400 million-barrel emergency release. Market strategists say additional interv…
Crude briefly climbed above $100 per barrel after a near 5% rise, driven by fresh attacks on ships in the Gulf that offset the International Energy Agency’s plan for a record 400-million-barrel emergency release. The prospect that the conflict could keep Gulf shipping constrained beyond the weeks the release would cover is prompting market volatili…
Goldman Sachs has lifted its oil price forecasts after extending the assumed duration and severity of disruptions through the Strait of Hormuz. The bank's updated scenario assumes 21 days of flows at 10% of normal capacity followed by a 30-day recovery, and finds the impact on Persian Gulf exports to be 16.2 million barrels per day. Under the revis…
The International Energy Agency says the ongoing conflict in the Middle East has produced the largest disruption to oil supplies in history. Shipping through the Strait of Hormuz has slowed from about 20 million barrels per day to a trickle, forcing Gulf producers to cut at least 10 million barrels per day and sending global supply lower by around …
Russian presidential envoy Kirill Dmitriev told reporters he discussed the current global energy crisis with U.S. counterparts during a meeting of the U.S.-Russia working group on the economy held in Florida. He highlighted nearly 20 million barrels per day of supply trapped in the Gulf after the effective closure of the Strait of Hormuz and said t…
China's top economic planner has instructed domestic refiners to suspend exports of refined fuels for March, citing the need to secure internal supplies as the Middle East conflict raises the prospect of wider energy disruptions. The measure covers gasoline, diesel and aviation fuel and comes as Brent crude climbed nearly 10% to trade above $100 pe…
On Thursday Oman moved vessels away from the Mina Al Fahal oil export terminal as a precaution after two crude tankers were struck in waters off Iraq. The attacks led Iraqi oil terminals to halt operations and raised concerns about disruptions to regional crude exports and energy infrastructure. Brent crude surged nearly 10% to top $100 per barrel.
Samsung Display's chief executive, Chung Yi, warned that the Iran conflict and the resulting increase in oil prices could push up energy and raw material costs for the technology supply chain. He highlighted that many display components rely on petroleum-based inputs, and said the combination of rising oil and already-soaring chip prices is likely …
Goldman Sachs has lifted its fourth-quarter 2026 price forecasts for Brent and WTI crude to $71 and $67 per barrel respectively, citing an extended disruption to oil flows through the Strait of Hormuz linked to the ongoing U.S.-Israeli war on Iran. The bank models a longer period of severely reduced transit, factors in sizable strategic reserve rel…
Jose Antonio Kast took the presidential oath in Valparaiso, inaugurating what observers describe as the most significant shift to the right in Chile in decades. The ceremony, attended by several regional leaders and Spain's king, comes amid heightened public concern over crime and economic performance, a recent fatal shooting that underscored secur…
Oil prices rose sharply after Iraqi authorities reported that two foreign tankers carrying Iraqi fuel oil were struck in Iraq's territorial waters, apparently by explosive-laden boats from Iran. The move came as the International Energy Agency approved a record release of strategic reserves to cool prices, while market participants and officials wa…
Gold slipped back into the $5,000-$5,200 per ounce trading band as ongoing hostilities linked to the U.S., Israel, and Iran redirected investor demand toward oil and the U.S. dollar. Spot and futures contracts each fell about 0.4% amid a spike in oil after reports of strikes on two international tankers near Iraq and lingering concerns that energy-…
Acting President Delcy Rodriguez has appointed Paula Henao as Venezuela’s oil minister, promoting her from the vice minister role as the government seeks to overhaul oil output amid pressure from the United States to allow American investment in energy and mining. The move fills a vacancy created when Rodriguez had been serving simultaneously as oi…
The United States will release 172 million barrels from the Strategic Petroleum Reserve (SPR) starting next week, Energy Secretary Chris Wright said on March 11. The withdrawal forms part of a coordinated International Energy Agency (IEA) action to free a total of 400 million barrels. Deliveries are expected to take about 120 days. The move follows…
Oil prices climbed sharply in early Asian trade on Thursday after media reports indicated two international tankers were attacked in waters off Iraq. The spike added to market anxiety over supply disruptions linked to the ongoing conflict involving the U.S., Israel and Iran, even as large strategic releases were being prepared to blunt the shock.
Maritime intelligence and vessel tracking services indicate Iranian crude oil exports have continued through the Strait of Hormuz at a pace close to ordinary levels since February 28, even as attacks tied to Tehran have sharply reduced traffic from other Gulf producers. Analysis of satellite imagery and shipping data shows multiple large tankers lo…
President Donald Trump said the United States would contribute "a little bit" to an International Energy Agency plan to release a record 400 million barrels from member countries' reserves to help lower oil prices that have risen amid the U.S.-Israeli war with Iran. The U.S. Strategic Petroleum Reserve currently holds 415.4 million barrels, largely…
John Catsimatidis, who owns a Pennsylvania refinery and New York supermarket chains, told Reuters he expects the recent spike in fuel prices to ease within one to two months. The sharp rise in pump prices has been driven by supply disruptions tied to the Israel-U.S. war with Iran, with impacts felt across gasoline, diesel and refining margins. Cats…
A U.S.-seized supertanker carrying about 1.8 million barrels of Venezuelan crude is preparing to transfer part of its cargo to a smaller tanker capable of reaching port. The transfer, tracked by maritime data providers, follows a U.S. legal action to forfeit the vessel and comes amid broader U.S. interceptions of tankers linked to Venezuela.
Canada is assessing short-term measures to raise crude production and free up global supply to help moderate surging oil prices tied to the U.S.-Israeli war with Iran. Natural Resources Minister Tim Hodgson said Ottawa has asked oil companies to consider postponing scheduled maintenance at oil sands facilities and urged refineries that import crude…
The International Energy Agency’s planned release of 400 million barrels from strategic reserves is likely to blunt the immediate market impact of the Iran conflict, broker Wolfe Research says, but the ultimate effect hinges on how quickly and steadily the oil is deployed. Markets reacted early to reports about the plan, pricing much of the move in…
Bank of America projects Dutch TTF gas prices around €50 per megawatt-hour in 2026, but stresses that this outcome depends on only short-lived losses of LNG exports from Qatar and the United Arab Emirates. The bank quantifies the impact of supply outages on European storage and warns that prolonged disruptions could elevate prices above 2022 highs …
Two sources familiar with the situation say Iran has placed roughly a dozen naval mines in the Strait of Hormuz. The move comes as exports of oil and liquefied natural gas through the chokepoint have effectively stopped following a war begun 12 days earlier by the United States and Israel. U.S. forces report striking mine-laying vessels, and Washin…
