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 U.S. Department of Agriculture's statistical arm plans to survey more farmers for key acreage reports after a marked decline in response rates for its March 31 planting intentions report. Pending Office of Management and Budget approval, the agency aims to boost the June 30 sample by about 35% and increase later survey samples by 10%, while add…
Oil prices moved higher in Asian trading on Thursday after shipping through the Strait of Hormuz remained thin following attacks on vessels this week and with little sign of renewed negotiations between the U.S. and Iran. Brent rose above $102 a barrel and U.S. crude traded near $93.50 as market participants weighed the continued closure risks to a…
Oil prices eased marginally on Thursday following a strong rally the previous session, as negotiations between the United States and Iran remain stalled and both countries continue to limit ship movements through the Strait of Hormuz. Market moves reflected inventory data showing large draws in U.S. gasoline and distillate stocks, a record high in …
Mexico’s Economy Minister Marcelo Ebrard acknowledged that tariffs affecting the country’s automotive, steel and aluminum sectors are unlikely to be fully removed, even if the U.S.-Mexico-Canada trade agreement is renegotiated. Ebrard said Mexico will aim to reduce duties rather than return to a tariff-free environment as talks with U.S. counterpar…
U.S. Agriculture Secretary Brooke Rollins told a Senate subcommittee that the Department of Agriculture is in daily contact with the White House and other federal agencies about elevated fertilizer costs and will announce both short- and long-term measures to address the problem. Rollins also said she has been speaking with leaders of major fertili…
U.S. firm Virtus Minerals and Indian partner Lloyds Metals & Energy plan to resume full production at Congolese miner Chemaf in January 2027 after completing a Washington-supported takeover, according to a union executive and company communications. The transaction, which included a $30 million purchase and assumption of about $900 million in debt,…
Canada's prime minister said Ottawa will resist any attempt by the United States to unilaterally impose terms for the scheduled review of the United States-Mexico-Canada Agreement. Mexico has already engaged Washington in two rounds and plans a first formal negotiation next month, while Canada has not set a date for talks. The USMCA review must be …
The European Commission is evaluating rules that would require member states to hold dedicated jet fuel stocks and allow for regional redistribution of supplies should shortages emerge, EU Energy Commissioner Dan Jorgensen said. The move accompanies new EU steps to monitor refinery output across the bloc to maximize capacity amid concerns that the …
Senior executives from two leading maritime groups said safe, sustainable and clearly open passage through the Strait of Hormuz is a precondition for a return to normal shipping flows. Despite a tentative ceasefire two weeks earlier, shipping traffic remains largely halted as safety concerns and warnings of mines persist, leaving fleets anchored an…
European natural gas prices traded unevenly as market participants reacted to Iranian state media claims that two ships were seized near the Strait of Hormuz, alongside President Trump's announcement of an extended ceasefire with Tehran. The Dutch front-month TTF contract ticked up, while broader concerns persist around disrupted tanker traffic and…
Traders executed roughly $430 million of short bets on crude futures in the quarter-hour preceding U.S. President Donald Trump's declaration of an indefinite ceasefire extension with Iran. The trades, placed during post-settlement hours, are the latest in a series of sizable, well-timed directional wagers around major Iran-related announcements thi…
Barclays says the recent US-mediated ceasefire has not reopened the Strait of Hormuz to normal oil and gas traffic. Analysts report more than 50 days of closure, roughly 600 million barrels of crude blocked and more than 10 million barrels per day effectively shut in, while shipping remains exposed to security incidents and thousands of seafarers a…
On April 22 Iranian forces seized two container ships attempting to transit the Gulf via the Strait of Hormuz after firing on them and a third vessel. Authorities said the ships lacked required permits and had tampered with navigation equipment. The incidents prompted a rise in oil futures and underscored continuing disruptions to traffic through t…
A broad array of governments have announced measures to protect consumers and key industries from sharp increases in energy prices attributed to the U.S.-Israeli war on Iran. Responses range from tax cuts and temporary export bans to higher subsidies, reserve releases and production mandates designed to secure domestic supplies and ease bills for h…
Shipping executives at the FT Commodities Global Summit said Asian shipowners, including government-linked fleets, are more likely to restart voyages through the Strait of Hormuz before Western companies. The imbalance reflects differing tolerance for sanctions risk, access to government-to-government channels, and the prospect of Iranian tolls and…
The head of the Gas Exporting Countries Forum cautioned that the temporary demand destruction for natural gas triggered by the Iran war could become structural if the conflict endures. Since the crisis began late in February, over 500 million barrels of crude and condensate have been removed from global markets, prompting some gas-importing countri…
President Donald Trump announced a unilateral extension of a ceasefire in the Iran conflict beyond a Wednesday deadline, but participants on the other side have not clearly endorsed the move. Oil markets registered only muted gains, while global equity markets and futures leaned toward optimism driven by strength in technology stocks. Key macro and…
Gasoline prices that helped fuel Republican campaigns against Democrats have rebounded, creating a political problem for GOP incumbents who relied on that issue to win close districts. In Michigan, Rep. Tom Barrett - who ran in 2024 promising to bring down fuel costs - is now defending his record as average state pump prices climbed back toward the…
Hungary and Slovakia say Russian oil deliveries via the Druzhba pipeline through Ukraine are expected to restart after months-long interruption caused by damage in western Ukraine. The resumption may remove Hungary’s objection to a 90 billion euro EU loan for Ukraine. Authorities and industry participants reported that pressure-building work has be…
The U.S.-Israeli war with Iran and the shutdown of the Strait of Hormuz have produced the largest single-day oil supply loss on record, when measured by daily output removed. Calculations based on International Energy Agency and U.S. Department of Energy data show the peak loss exceeds previous highs from the 1973 Arab oil embargo, the 1978-79 Iran…
U.S. Trade Representative Jamieson Greer has told allied countries they should be prepared to pay higher prices - a 'national security premium' - for critical minerals sourced outside China. Greer said he is preparing draft details to share with partners and criticised a narrow focus on cost efficiency as a driver of Western reliance on Chinese sup…
Gold climbed in Asian trading after the United States said it would extend a ceasefire with Iran indefinitely, but gains were limited amid uncertainty over future negotiations and remarks from Federal Reserve Chair nominee Kevin Warsh. Other precious metals also advanced while the dollar's firmness and signals about U.S. monetary policy weighed on …
The White House is weighing an extension of a temporary waiver that permits foreign-flagged cargo ships to transport fuel and other goods between U.S. ports. The initial 60-day waiver, issued in March, was intended to increase domestic oil shipments and help offset higher gasoline prices associated with the Iran war. U.S. officials say discussions …
Oil prices declined in volatile Asian trading after U.S. President Donald Trump said he would indefinitely extend a ceasefire with Iran. Prices swung through the session but ended lower, held back by persistent supply concerns tied to the closed Strait of Hormuz and a U.S. naval blockade that has left ship traffic scarce. Uncertainty over whether I…
BHP reported a 3% year-on-year increase in iron ore production in the fiscal third quarter driven by Western Australia operations, even as shipments were disrupted by two tropical cyclones. The miner left its annual iron ore guidance unchanged and announced the conclusion of sales contract negotiations with China Mineral Resources Group. Copper vol…
