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
Goldman Sachs raised its near-term Brent crude price outlook to an average above $100 a barrel for March and $85 for April as conflict-related disruptions in the Middle East, damage to regional energy infrastructure and interruptions in the Strait of Hormuz push energy markets into heightened volatility. The bank nonetheless projects a gradual decl…
Gold gained in Asian trade after a pause in the dollar and oil advance, but the metal remains on track for a second consecutive weekly decline as markets weigh the inflationary implications of the U.S.-Israel war on Iran and central bank responses. Key inflation data and policy expectations dominate near-term direction.
LyondellBasell reported a fire at its Bayport Choate facility in Texas late Thursday. Company firefighting and incident response teams, supported by regional mutual aid and local fire and emergency agencies, are working to control the blaze. The firm said there is no current threat to nearby residents and that all employees are safe and accounted f…
Senior aides inside the administration are jockeying over how to present and ultimately conclude the U.S.-Israeli military campaign against Iran. Economic and political advisers warn that rising gasoline prices could sap domestic support, while hawks press for continued pressure to blunt Iran’s capabilities. The president has alternated between pro…
President Donald Trump expressed the view that Iran’s newly named supreme leader, Mojtaba Khamenei, is likely alive but impaired after reports of injuries. Khamenei has not been seen in public since his appointment by a clerical assembly, and Iranian state media has described him as war-wounded. The conflict between the U.S., Israel and Iran, which…
Oil prices fell in early trade after the United States issued a 30-day licence allowing countries to purchase Russian oil and petroleum products currently stranded at sea. The move, described by U.S. Treasury Secretary Scott Bessent as aimed at stabilising global energy markets shaken by the war in Iran, provided immediate relief to traders but lef…
Oil futures dipped in Asian trading after the U.S. Treasury issued a 30-day waiver allowing countries to buy Russian crude that was loaded onto tankers before March 12, a move intended to help stabilize global energy supplies amid the fallout from the war with Iran. The development came as Iran's new Supreme Leader, Mojtaba Khamenei, said Tehran wo…
The U.S. Treasury issued a 30-day license allowing countries to buy Russian oil and petroleum products that were already at sea before March 12, a move intended to stabilize energy markets amid heightened hostilities involving Iran that have disrupted shipping in and around the Persian Gulf and lifted crude prices.
The U.S. Treasury issued a 30-day license permitting countries to take delivery of Russian crude oil and petroleum products that are currently stuck at sea, a step Treasury Secretary Scott Bessent said was intended to help stabilize global energy markets amid heightened tensions following strikes involving Iran. The license covers cargoes loaded by…
Iranian officials said ships must coordinate with the Iranian navy to pass through the Strait of Hormuz, after comments by the country's newly installed Supreme Leader asserting that Tehran will press on with efforts to keep the strait shut as leverage against the United States and Israel. The remarks and ministerial statements have coincided with …
The chief executive of CME Group cautioned the U.S. administration against stepping into oil futures markets to lower crude prices amid tensions with Iran, arguing that government interference in pricing mechanisms would damage investor confidence and could precipitate severe market dislocation. His remarks followed reporting that the U.S. Treasury…
U.S. Treasury Secretary Scott Bessent told Sky News that escorting commercial tankers through the Strait of Hormuz by the U.S. Navy or an international coalition had been part of planning amid the conflict involving the U.S., Israel and Iran. He said such escorts could begin as soon as military conditions permit, specifically after control of the s…
Israeli air operations struck two buildings in central Beirut, close to the Lebanese government's Grand Serail, marking an expansion of attacks against Iran-backed Hezbollah. The strikes follow Hezbollah's largest rocket barrage in the conflict and come amid fresh evacuation orders that have displaced hundreds of thousands of people. Israeli and Le…
Chile and the United States have issued a joint statement initiating formal discussions on critical minerals and rare earths, with the first meeting scheduled within the next two weeks. U.S. Deputy Secretary of State Christopher Landau said the two countries will explore ways to bolster mineral supply chains, a priority as the U.S. seeks to lower d…
The Israeli military announced it targeted roadblocks and operatives tied to the Basij militia in Tehran, saying the action was intended to degrade forces used to suppress domestic protests. The strikes were carried out by the Israeli Air Force on the basis of Israel Defense Forces intelligence. The move occurs amid a broader bombing campaign by Is…
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 …
