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.
825 total articles
The European Union has demanded the United States uphold the terms of the Turnberry agreement after the U.S. Supreme Court struck down the legal basis for the broad 15% tariff that had been applied to most EU exports. The Trump administration has replaced that levy with a new across-the-board import surcharge collected at 10% and working to raise i…
Ivory Coast and Ghana, which together produce about half of the world's cocoa, face a sales and payment crisis driven by large global harvests, sharply lower futures prices and weaker demand from chocolate makers. Their regulated systems - which set fixed farmer prices based on advance sales - have left farmers unpaid and stocks building up as inte…
Officials within the current administration have settled on a proposal to require large oil refineries to absorb at least half of the biofuel blending volumes that were waived under the Small Refinery Exemption program. The move, disclosed by sources familiar with internal discussions, increases demand for blending credits and deepens a policy disp…
Deutsche Bank analysts view the U.S. Supreme Court's decision to overturn the administration's broad "reciprocal" tariffs as marginally supportive for gold. Market moves were small: gold briefly slipped just under $5,000 an ounce after the ruling before recovering, with spot and futures prices largely steady in subsequent trading. The bank cautions…
Nvidia again topped analysts’ quarterly revenue estimates and provided a stronger-than-expected outlook for the next quarter, but the stock’s after-hours uptick quickly faded and broader market excitement was muted. Asian markets, led by South Korea’s Kospi, surged on the wider chip and hardware rally, while other parts of the tech sector showed mi…
Deutsche Bank reiterated a bullish stance on silver, citing renewed outperformance among white metals versus gold, heightened investor positioning metrics, and renewed Shanghai backwardation as signals that could push silver above the bank's year-end forecast of $100 per ounce. The bank also highlighted evolving dynamics in the wider precious metal…
Iran's ballistic missile force remains central to tensions in the region and a key topic in ongoing nuclear negotiations with the United States in Geneva. The arsenal includes a variety of short- to long-range systems, underground storage and launch infrastructure, and has been used in recent conflicts. Western governments view the missile force as…
Suppliers to U.S. aerospace and semiconductor manufacturers are encountering worsening shortages of rare earth elements, notably yttrium and scandium, industry sources said. The strains have led some vendors to pause production or refuse certain customers to preserve limited inventories. The shortages persist even after China relaxed many export re…
Oil prices were largely unchanged in Asian trade as market attention focused on a scheduled third round of U.S.-Iran nuclear talks in Geneva, even as U.S. Energy Information Administration data showed an unexpected 16 million-barrel rise in commercial crude stocks for the week ended Feb. 20. Brent and WTI recorded small gains, while analysts warned…
Oil prices climbed on Thursday, staying close to seven-month highs as market participants weighed the potential for U.S.-Iran negotiations to prevent a military escalation that could disrupt supply. Gains were limited after U.S. crude inventories posted an unexpected 16 million-barrel increase, while Saudi production adjustments and possible OPEC+ …
Ukrainian President Volodymyr Zelenskiy said repairs to the Druzhba oil pipeline cannot be completed quickly, citing repeated Russian strikes that damaged the section linking Odesa to the main Druzhba line. Shipments to Hungary and Slovakia have been suspended since January 27 after Kyiv reported a strike on pipeline equipment. Budapest has accused…
Iranian President Masoud Pezeshkian said the country expects a positive outcome from a third round of talks with the United States as Tehran’s negotiating team left for Geneva. The delegation, led by Foreign Minister Abbas Araqchi, is due to meet U.S. envoys including Steve Witkoff and Jared Kushner, as tensions persist with a U.S. military buildup…
OPEC+ is expected to consider a 137,000 barrels-per-day increase in oil output for April, ending a three-month pause in production rises, according to three sources. The move would position Saudi Arabia and other Gulf producers to regain market share as some OPEC+ members face sanctions or operational setbacks. Separately, two sources say Saudi Ara…
Equity markets displayed renewed appetite for software names after a wave of plug-ins from AI lab Anthropic shifted investor attention toward partnerships rather than displacement. The move highlighted a patchwork market response: some software firms gained, while others with direct exposure to Anthropic's tools, notably an HR software provider, sa…
Traders say Indonesia may find it difficult to fulfill its recent pledges to substantially raise imports of U.S. agricultural goods under a trade deal that reduced tariffs. Key sticking points include the sharp jump in soymeal purchases, the reassignment of feed imports to state-owned Berdikari, and whether domestic demand and miller capacity align…
Oil prices rose in Asian trading as concerns over escalating U.S.-Iran tensions supported the market despite an unexpectedly large U.S. crude stock build and fresh uncertainty around U.S. trade tariffs. Brent and WTI both climbed, reversing losses from the prior session, while traders awaited official U.S. inventory data later in the day.
Gold advanced modestly in Asian trading after a pullback the previous session, as market participants weighed the effects of newly imposed U.S. import tariffs and awaited a scheduled round of U.S.-Iran discussions. The metal's rise was tempered by expectations of sustained higher U.S. interest rates and a firmer dollar.
Oil prices remained close to seven-month highs as investors weighed the prospect of supply disruption linked to U.S.-Iran tensions against data showing a large build in U.S. crude stocks. A third round of talks between U.S. envoys and an Iranian delegation is scheduled for Thursday in Geneva, while U.S. naval forces and other military assets remain…
U.S. Customs and Border Protection data show solar panels and cells, classified under a semiconductor devices code, represent 82% of the value of shipments stopped under the Uyghur Forced Labor Prevention Act. The seizures have disrupted projects and workforces in the solar sector, while most of the halted goods have since been released to importer…
Ivory Coast risks accumulating roughly 200,000 metric tons of unsold main-crop cocoa by the end of March if state-regulated farmer prices are not lowered, industry participants and trading executives warn. The mismatch between domestic farmer prices set last October and sharply weaker world prices has prompted international traders to stop buying, …
European Trade Commissioner Maros Sefcovic told lawmakers the EU expects a transitional phase of several months with the United States after Washington imposed a temporary import surcharge that may override a bilateral trade deal. U.S. officials have reassured him they still back last year’s agreement, but the temporary tariff - potentially in plac…
Iran has signalled readiness to take whatever measures are necessary to reach an agreement with the United States ahead of planned talks in Geneva, its deputy foreign minister said. Senior U.S. officials are due to meet an Iranian delegation for the negotiations amid a U.S. military buildup in the Middle East and continuing disputes over uranium en…
Freight rates for the largest oil tankers have climbed to their highest level in six years as a spike in crude shipments from the Gulf coincides with traders booking ships sooner amid the threat of U.S.-Iran military confrontation. A mix of stronger Middle Eastern exports, shifting buyer preferences, shrinking available tonnage and fears around war…
Canada announced it is preparing a plan to assist Cuba as the Caribbean nation confronts acute fuel shortages and extended blackouts following U.S. measures to block oil supplies, including shipments from Venezuela. Ottawa has expressed concern about the growing humanitarian risk and declined to disclose details of the planned support. Internationa…
Oil prices traded higher in Asian hours, hovering just under seven-month highs reached the previous session as market participants awaited a third round of U.S.-Iran nuclear talks in Geneva. Geopolitical tensions and recent diplomatic moves have kept a risk premium in prices, while renewed U.S. tariff actions have introduced uncertainty around glob…
