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.
2,522 total articles
UBS presented three discrete scenarios for how the conflict involving Iran could shape oil and gas markets. The bank's forecasts range from a quick normalization of supply and moderating prices to a prolonged disruption that could push Brent well above $100 per barrel and tighten European gas markets, depending on the duration of shipping interrupt…
European Central Bank Vice President Luis de Guindos warned that heightened financial market volatility can amplify economic shocks, particularly energy price spikes, and said the bank will examine a range of growth and inflation scenarios ahead of its March policy meeting. Rapid oil price gains tied to the war in Iran have elevated inflation risks…
Fitch Ratings says prolonged Iran-linked disruptions to shipping lanes and West Asian airspace would have mixed but increasingly negative credit effects on Asia Pacific port and airport operators. The agency highlights network re-routing, potential Strait of Hormuz closure, and near-term traffic volatility at regional airports, particularly in Indi…
A recent uptick in diplomatic pageantry between Beijing and Pyongyang has been matched by concrete infrastructure work and trade flows along the 1,350-kilometer China-North Korea border. Satellite imagery, customs figures and on-the-ground reporting show China rebuilding cross-border links and expanding imports from North Korea as both capitals rea…
Air strikes and missile exchanges between U.S., Israeli and Iranian forces persisted into the 12th day of the conflict, with attacks reported across Israel, Lebanon and the Gulf. Tehran has signaled a heavy-handed response to any resumption of domestic protests, even as disruptions in the Strait of Hormuz and volatile oil markets provoke swift poli…
Oil prices eased in early Asian trading after a report that the International Energy Agency has proposed its largest-ever coordinated emergency release of crude to blunt the impact of disruptions tied to Iran. Brent and West Texas Intermediate futures slipped after initial volatility, while concerns persist over the potential for a prolonged closur…
The International Energy Agency has floated a plan to release more crude from strategic reserves than ever before in an effort to ease recent price spikes tied to the U.S.-Israel war with Iran. Member countries are set to consider the proposal at an extraordinary IEA meeting convened this week, with adoption hinging on no objections from any partic…
Gold ticked up in early Asian trading as markets digested mixed messages about the U.S.-Israel conflict with Iran and prepared for U.S. consumer inflation data for February. The metal rose above a recent $5,000 to $5,200/oz range, while other precious metals also advanced. Market participants remain cautious because energy-driven inflation could pr…
The International Energy Agency has put forward a plan for the largest emergency release of crude reserves in the agency's history to ease a recent surge in oil prices linked to the war involving Iran, the United States and Israel. The release would exceed the 182 million barrels previously dispatched in two tranches in 2022. The proposal was circu…
Sharp rises in diesel prices, driven by the Israel-U.S. conflict with Iran and disruptions to shipping through the Strait of Hormuz, have tightened an already fragile diesel market. Analysts warn higher diesel and jet fuel costs could slow global growth by increasing transport and production costs, pushing up food and consumer prices and potentiall…
U.S. West Texas Intermediate crude climbed $2.90, or 3.5%, to $86.33 in early Wednesday trade as disruptions to Gulf supplies persist amid the U.S. and Israeli campaign against Iran. The move follows a sharp sell-off a day earlier, while officials and market analysts warn of continued headline-driven volatility and the potential for much higher pri…
Patterson-UTI Chief Executive Andy Hendricks warned that recent volatility in oil prices stemming from the U.S.-Israel conflict with Iran is unlikely to trigger a near-term increase in U.S. oil production unless companies see stable, predictable market conditions. He noted that budgets were set when prices were much lower and that bringing new well…
President Donald Trump announced on Truth Social that an oil refinery in Brownsville, Texas, tied to the America First Refining project, is opening and thanked Indian energy firm Reliance for investing. He described the facility as the "cleanest refinery in the world" and said the development would bolster U.S. markets, national security and energy…
Iranian authorities say they have detained dozens of people, among them a foreign national whom they accuse of spying for the United States and Israel and acting as a proxy for two Gulf countries. The arrests come as Tehran and its adversaries remain in an active conflict marked by reciprocal strikes and broader security tensions.
The Revolutionary Guards exerted decisive influence to secure Mojtaba Khamenei's elevation to supreme leader, pushing past hesitation from senior clerics and political figures. The selection, completed nearly 48 hours before Tuesday evening, has not been followed by any public statement from the new leader, whose condition is unclear after reports …
Chevron and Shell are nearing significant oil and gas production agreements in Venezuela that would mark the first major foreign-led production expansions since the U.S. capture of President Nicolas Maduro in January. Preliminary terms would allow Chevron to extend operations into the Ayacucho 8 block near Petropiar in the Orinoco Belt, while Shell…
The U.S. Navy has repeatedly turned down almost-daily appeals from the shipping sector for military escorts through the Strait of Hormuz since the outbreak of the war on Iran, concluding that the risk of attacks remains too elevated to permit escort missions. This stance, communicated in regular briefings with industry counterparts, contrasts with …
Jose Antonio Kast takes office after a market-fueled run-up tied to promises of deregulation, spending cuts and faster growth. The international fallout from the Iran war has since unsettled global commodity prices, squeezing Chile’s fiscal outlook and complicating the implementation of the incoming administration’s economic priorities.
The White House has told the public that the recent rise in U.S. oil and gas prices is temporary and should reverse once the stated objectives of the joint Israeli-U.S. air campaign against Iran are achieved. Press secretary Karoline Leavitt said the administration and its energy team are closely monitoring markets, engaging industry leaders and ex…
The Trump administration asked Israel to refrain from further attacks on Iranian energy infrastructure, particularly oil facilities, according to Axios citing three sources. The appeal - the first U.S. effort to limit Israeli military action since the joint campaign began ten days earlier - was conveyed at senior levels and directly to IDF Chief of…
Minutes after the president highlighted falling gasoline prices as evidence of economic recovery, pump costs reversed course. A near 60-cent rise in gasoline priced two weeks after the State of the Union - tied to air strikes on Iran on February 28 and the region-wide escalation that followed - has quickly become a central political vulnerability f…
Oil prices reversed sharply on Tuesday, plunging over 13% after the prior session's spike to multi-year highs. Comments from U.S. President Donald Trump that the conflict with Iran could end quickly, plus an exchange with Russian President Vladimir Putin, eased immediate concerns about prolonged supply disruption and prompted a sell-off. Despite th…
The U.S. Energy Information Administration raised its projection for domestic crude production in 2027, reflecting the delayed production response to recent price strength caused by supply disruptions across key Middle East producers. The agency expects U.S. output to grow by 220,000 barrels per day in 2027 to 13.83 million b/d, and has also increa…
The U.S. Energy Information Administration projects Brent crude will trade above $95 a barrel over the next two months as disruptions around the Strait of Hormuz reduce Middle Eastern oil flows. The EIA expects those dislocations to ease later in the year, with Brent declining toward roughly $70 by year-end and below $80 in the third quarter. U.S. …
A supertanker carrying two million barrels of Iranian crude traversed the Strait of Hormuz, ship tracking data show. The vessel, flagged in Guyana and named Cuma, is on a U.S. sanctions list and was recorded with China as its destination. This transit is the sixth such Iranian oil tanker passage since February 28, following five prior tankers that …
