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.
1,590 total articles
Russia reduced crude output in April after sustained Ukrainian drone strikes on ports and refineries and a stoppage of crude flows through the last functioning pipeline to Europe. Five anonymous sources and calculations indicate the decline could be the steepest monthly fall since the COVID period, with estimates ranging from roughly 300,000-400,00…
Tech equities continued to absorb geopolitical strain this week, with AI-driven optimism and large strategic investments supporting gains across Asia even as the two-week U.S.-Iran ceasefire approaches expiry on Wednesday. Wall Street paused early in the week, but futures recovered and technology-led moves pushed markets in South Korea, Japan and T…
Governments across the globe have launched a variety of measures to protect households and critical industries from rising energy prices linked to the U.S.-Israeli war on Iran. Responses range from tax cuts and subsidies to export bans and mandates to boost domestic fuel output, with many nations prioritising household fuel availability, agricultur…
China's official mouthpiece suggested Beijing may condition energy support to the Philippines on Manila's conduct in hosting joint military exercises with the United States and allies. The commentary highlighted China’s stockpiles and recent export moves, criticised the Philippines for seeking emergency supplies while holding large-scale drills, an…
Three industry sources say Russia will cease forwarding Kazakh crude to Germany through the Druzhba pipeline starting May 1. The sources, who requested anonymity, reported that an updated export timetable has been issued to both Kazakhstan and Germany. The move comes against a backdrop of frayed political and commercial relations between Moscow and…
U.S. Trade Representative Jamieson Greer told Mexico’s automotive and steel industries that they should not expect a return to tariff-free trade as the U.S.-Mexico-Canada Agreement is reviewed. Greer indicated some tariffs will remain in place even as negotiators discuss strengthened rules of origin, technical talks on economic security and possibl…
Documents, court records and five sources with direct knowledge indicate that Virtus, the U.S. firm at the center of a high-profile acquisition of Chemaf’s assets, overstated its operational presence in the Democratic Republic of Congo. The company presented itself as operating a U.S.-owned copper-cobalt processing operation in Likasi, but evidence…
A sharp rise in crude oil prices following the U.S.-Israeli war on Iran has renewed focus on biofuels as countries seek to ease dependence on disrupted Middle East supplies. While fossil fuel shortages are making biofuels more attractive economically, concerns about food-price impacts and limits on rapid expansion remain.
The United States said it expects peace negotiations with Iran to proceed in Pakistan, and an Iranian official indicated Tehran was considering joining, though no final decision had been reached. A Pakistani source involved in planning said momentum was building for talks to restart on Wednesday and that U.S. President Donald Trump could attend in …
Gold edged lower in Asian trading as investors reacted to mixed signals about potential U.S.-Iran negotiations ahead of a ceasefire expiry later this week and awaited a Senate confirmation hearing for President Trump's Fed nominee Kevin Warsh. Spot gold dipped 0.3% to $4,807.75/oz while futures held near $4,827.39/oz. Other precious metals also pul…
Oil prices declined in early Asian trading as market participants weighed conflicting indications about possible additional U.S.-Iran negotiations before a fragile ceasefire ends later this week. Prices had jumped in the previous session after tensions rose following the capture of an Iranian vessel and Tehran's temporary closure of the Strait of H…
Peru's electoral authorities have begun public reviews of thousands of challenged polling stations, delaying the certification of results from the April 12 general election. With roughly 6% of polling stations - representing more than one million votes - flagged for inconsistencies or errors, the National Jury of Elections (JNE) is conducting heari…
Gulf Arab officials and analysts are increasingly concerned that upcoming U.S.-Iran negotiations, slated to resume in Islamabad, may prioritise limits on uranium enrichment and reopen the Strait of Hormuz without addressing Iran’s missile capabilities or proxy networks. That dynamic, they say, risks formalising Iran’s leverage over the waterway tha…
President Donald Trump rejected his energy chief's assessment that gasoline prices might not decline until 2027, asserting that U.S. motorists should see relief as soon as the conflict with Iran concludes. Energy Secretary Chris Wright had told CNN that sub-$3 per gallon gasoline "could happen later this year, that might not happen until next year,…
Mexico's president said the country is pursuing an early agreement on trade in steel, aluminum and automobiles before the formal review of the U.S.-Mexico-Canada trade pact. The comments were made as U.S. Trade Representative Jamieson Greer was in Mexico for talks. Officials say the outcome of the USMCA review could affect tariff exposure, with the…
U.S. forces boarded and seized the Iranian-flagged container ship Touska off Iran’s Chabahar port after alleging the crew ignored warnings and the vessel violated a U.S. blockade. Maritime security sources say the ship, part of the sanctioned IRISL fleet, likely carried items Washington classifies as dual-use following a voyage from Asia. Satellite…
The European Union has agreed to broaden the criteria for its Iran sanctions to include individuals and entities responsible for obstructing navigation through the Strait of Hormuz. The move follows an effective closure of the strait after U.S.-Israeli strikes on February 28, which cut off about one-fifth of global oil and liquefied natural gas sup…
European natural gas prices ticked higher on Monday after reversing some losses recorded at the end of last week, while investors assessed uncertainty about whether a temporary U.S.-Iran ceasefire and planned talks will hold. Shipping tensions, a disputed ceasefire, and attacks on regional energy infrastructure continue to pressure supplies to Euro…
U.S. companies have expressed notable interest in a range of Democratic Republic of Congo mining assets identified by Kinshasa, including the coltan-rich Rubaya site. A State Department official said any investment in Rubaya must align with U.S.-brokered peace initiatives in eastern Congo. The outreach forms part of a broader U.S. effort to secure …
Shipping through the Strait of Hormuz was effectively frozen on Monday, with only three transits recorded in a 12-hour window. Satellite analysis and vessel-tracking platforms identified an oil products tanker leaving the Gulf and two vessels entering it, while geopolitical tensions rose after a U.S. seizure of an Iranian cargo ship and Tehran's vo…
Markets opened the week with renewed uncertainty after Iran reversed course over the weekend and again restricted passage through the Strait of Hormuz, following a brief reopening on Friday. The episode, in which Iranian forces fired on tankers and the United States seized an Iranian cargo ship, left traders questioning what, if anything, had been …
Speaking at the Hanover industrial fair on April 20, German Chancellor Friedrich Merz said Brazil has substantial potential to expand deliveries of critical metals used in e-mobility and wind turbines, and that Germany can provide the necessary technology. Brazilian President Luiz Inacio Lula da Silva said Brazil has increased investment in critica…
The Kremlin said Russia continues to be a significant, responsible participant in global energy markets and that its export volumes cannot be ignored, after the U.S. renewed a temporary waiver allowing some countries to buy Russian oil at sea. The move, intended to ease global energy prices amid heightened tensions in the Middle East, will affect a…
A Ukrainian drone strike on the Russian Black Sea port of Tuapse caused a fire, killed one person and injured another, and damaged several civilian structures, regional authorities said. The port - a major export point for oil products and home to a Rosneft refinery - suffered transport infrastructure damage, while local schools suspended lessons. …
Iranian President Masoud Pezeshkian called for the pursuit of rational, diplomatic channels to ease tensions with the United States, while stressing that vigilance and distrust in dealings with Washington remain necessary. A two-week ceasefire is due to expire, U.S. negotiators are scheduled to arrive in Islamabad, and Tehran has not confirmed whet…
