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
At a March 9 news conference in Doral, Florida, President Donald Trump said the United States is waiving certain oil-related sanctions to ensure adequate oil supply and reduce prices. He said oil prices have not surged as much as he had feared and that some sanctions will be lifted "till the Strait (of Hormuz) is up." The administration also issued…
Venezuela's acting administration has forwarded a draft mining regulation to the ruling-party controlled national assembly that would replace the 1999 framework, permit domestic and foreign firms to extract gold, diamonds and rare earths, extend concession terms from 20 to 30 years, and establish international arbitration for disputes. The proposal…
The U.S. is exploring a coordinated release of oil from the Strategic Petroleum Reserve with other countries as global prices spike amid the ongoing war on Iran, Energy Secretary Chris Wright said. Washington is also considering further measures to permit sales of Russian crude stranded on tankers in Asia, while declining to impose export restricti…
Higher global oil prices following U.S.-Israeli attacks on Iran are driving up diesel costs in Brazil, presenting a near-term squeeze for producers moving a record soybean crop and completing second-season corn planting. With roughly 30% of diesel imported and demand at peak seasonal levels, agricultural groups warn that rising pump prices and loca…
Oil prices jumped to levels unseen since 2022 after military action involving Iran disrupted shipping and production in the Middle East. Despite spot crude advances exceeding 40% since late February, shares of large integrated oil companies have posted only modest gains, while U.S. shale names have seen stronger rallies. Market participants point t…
U.S. officials are reviewing a menu of policy options aimed at easing a sharp rise in crude and fuel prices tied to the expanding U.S.-Israel war with Iran. Possibilities under consideration include releasing barrels from the Strategic Petroleum Reserve, offering reinsurance for tankers transiting the Strait of Hormuz, temporary tax or regulatory r…
Russian President Vladimir Putin said the conflict involving the U.S. and Israel and Iran has precipitated a global energy crisis, warning that oil flows reliant on the Strait of Hormuz may stop within weeks. He told officials and leaders of Russia’s major oil and gas companies that Moscow is prepared to work with European customers again if they s…
Trading volume for oil-linked tokens on cryptocurrency exchange Hyperliquid surged to more than $1.2 billion over a 24-hour period, making the CL-USDC perpetual contract the platform’s second-most traded market behind Bitcoin. The spike coincided with a sharp rise in oil futures after renewed tensions in the Middle East, and resulted in significant…
U.S. President Donald Trump is preparing to examine a set of options as early as today aimed at addressing a sharp rise in global crude prices, which have moved above $100 per barrel amid the Iran war, according to a Reuters report citing two people familiar with the matter. Washington is discussing potential coordinated action with G7 counterparts…
The White House is preparing a package of potential steps to blunt a sharp rise in global oil prices that has pushed crude above $100 per barrel after U.S. and Israeli strikes on Iran. Options under review include coordinated releases from strategic oil reserves, limiting U.S. exports, futures market intervention, tax waivers and temporary relief f…
Group of Seven finance ministers signaled readiness to act to support global energy supplies, including the potential release of strategic oil reserves. The ministers convened virtually on Monday to assess the impact of the Middle East conflict on regional stability, global economic conditions, financial markets and secure trading routes. Leaders o…
Jefferies warns the recent Iran conflict has changed the energy market's risk profile, with advancements in drone technology increasing the chance that disruptions at critical maritime and gas export points could trigger prolonged price shocks. The firm advises investors to watch the duration of the conflict and to consider buying during an expecte…
Finance ministers from the Group of Seven are scheduled to discuss the possible release of strategic petroleum reserves to ease supply strains tied to the ongoing conflict in Iran, after oil prices climbed above $100 per barrel. The planned meeting, reported by international outlets citing French and EU officials, follows a wave of regional strikes…
JP Morgan has warned that if U.S. and Israeli forces were to seize Kharg Island, Iran's principal export terminal, Tehran's oil exports would effectively stop and national output could be cut by half. The bank says such an action would likely provoke retaliatory strikes in the Strait of Hormuz or against oil infrastructure elsewhere in the region, …
Saudi state oil company Aramco has started lowering production at two oilfields, according to two sources, amid severe disruption to Gulf shipping lanes caused by recent hostilities. The company has been rerouting some cargoes to the Red Sea port of Yanbu, but analysts say redirected volumes do not make up for the barrels sidelined by the closure o…
Oil markets tightened sharply after a string of supply disruptions across the Gulf. Saudi Arabia has initiated cuts to production, other regional producers have declared force majeure or sharply reduced output, and shipping into and out of the Gulf has slowed to a near standstill amid the U.S. and Israeli war on Iran. The combination of reduced flo…
Piper Sandler analyst Derek Podhaizer says U.S. oilfield services stocks failed to follow a near 40% surge in WTI crude, leaving them vulnerable to a rapid downward correction if the geopolitical conflict eases. Middle East-exposed firms were hit harder, while U.S. land names showed muted gains amid prior strong positioning and doubts about a quick…
Crude oil surged above $100 per barrel as the conflict in the Middle East entered its second week, driving U.S. pump prices above $3 per gallon and reigniting concerns about inflation amid weak U.S. labor data. Markets across bonds and equities fell sharply, while policymakers face pressure over strategic reserve releases and how to respond to the …
Morgan Stanley strategist Martijn Rats warns that sustained interruptions to shipments through the Strait of Hormuz could require oil prices to climb substantially - potentially well above $130 per barrel - to force demand reduction. The note highlights a supply shock on the order of roughly 20 million barrels per day, impacts already visible at As…
China’s National Development and Reform Commission raised the regulated ceiling prices for retail gasoline and diesel by 695 yuan and 670 yuan per metric ton, respectively, marking the sharpest increase since March 2022. The change follows a pronounced spike in international crude benchmarks and comes after Beijing asked refiners to suspend fuel ex…
Senior officials from Japan, France and Canada are pursuing multiple alternatives to a U.S.-led preferential trade arrangement for critical minerals, aiming to reduce dependence on China. Proposed measures under discussion include import quotas for specific rare earths, subsidies to support mining projects in the Western Hemisphere, and a Canada-le…
European natural-gas benchmarks climbed sharply on Monday as disruption to global liquefied natural gas (LNG) shipments, prompted by the forced closure of Qatar's Ras Laffan complex, intensified supply concerns. Markets broadly responded, with U.S. crude rising above $100 a barrel and global bond prices falling as investors reassessed inflation and…
Governments across Asia moved quickly to blunt the economic and consumer effects of a widening conflict involving Iran after oil prices surged on supply disruptions and political shocks. Officials from Seoul to Tokyo considered releasing strategic stocks or capping domestic fuel costs while some regional states cut production, halted exports or red…
A rapid escalation in the conflict involving Iran pushed global oil prices up roughly 25% to their strongest levels since mid-2022, fueling gains in vegetable oils and some agricultural commodities while pressuring gold and several base metals. Supply reductions by Middle Eastern producers, force majeure declarations at Gulf aluminium smelters, a f…
OCBC analysts argue that China's economy is comparatively insulated from oil shocks arising from the U.S.-Israel war with Iran because Chinese ships continue to transit the Strait of Hormuz, the nation holds substantial oil reserves, and oil plays a smaller role in its electricity generation. Rapid electrification and renewable capacity growth furt…
