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.
824 total articles
U.S. Vice President JD Vance will travel to Armenia and Azerbaijan this week to promote a U.S.-brokered peace framework and a proposed transit corridor known as the Trump Route for International Peace and Prosperity, or TRIPP. The itinerary includes a two-day stop in Armenia beginning later on Monday, followed by talks in Azerbaijan on Wednesday an…
Oil futures fell in Asian trade after the United States and Iran indicated indirect nuclear talks would continue, easing fears of imminent military conflict. A resilient dollar and upcoming U.S. and Chinese economic releases also weighed on crude, with Brent and West Texas Intermediate both down 0.7% in early trading.
Storm Marta has compounded a series of recent weather events across Spain and Portugal, leaving vast areas waterlogged, killing at least several people, forcing thousands from their homes and prompting preliminary agricultural losses estimated at around 750 million euros. Authorities warned of continued heavy rain, snow at higher elevations and haz…
Gold advanced in Asian trade to levels just under $5,000 an ounce, while silver climbed more than 3% following a turbulent week marked by profit-taking, subdued haven demand and renewed uncertainty over U.S. monetary policy. Market attention is now fixed on upcoming U.S. nonfarm payrolls and consumer price index prints for further direction.
Several large Indian refiners have refused offers for Russian crude scheduled for March and April delivery, a move aligned with a new U.S.-India trade framework. While some deliveries remain on the books and one private refiner retains links to Russian supply, most buyers have paused purchases, and New Delhi emphasizes diversified energy sourcing a…
A fragment of a larger protest in Milan attacked police with firecrackers, smoke bombs and bottles on the first full day of the Milano Cortina Winter Olympics. Police used water cannon to disperse the group; order was restored within minutes and six people were detained. The broader march, involving roughly 10,000 people, targeted rising housing co…
Ukrainian authorities reported a large-scale Russian air assault overnight that struck electricity generation sites and key distribution infrastructure across multiple regions. Officials said the barrage involved over 400 unmanned aerial vehicles and about 40 missiles, causing significant damage to thermal power plants, substations and transmission…
Iran's foreign minister said Tehran would target U.S. military bases across the Middle East if American forces that have recently concentrated in the region launch an attack. The comments, delivered in a televised interview, came a day after Tehran and Washington agreed to continue indirect nuclear negotiations following talks described as positive…
President Volodymyr Zelenskiy said the United States has proposed that Russia and Ukraine reach a settlement to end the war before the start of summer, with a new round of talks in Miami proposed to take place within a week and accepted by Kyiv. Recent U.S.-brokered meetings in Abu Dhabi produced a prisoner swap and technical discussions on ceasefi…
Macquarie has adjusted its 2026 price forecasts for gold and silver following an unusually turbulent January in global markets. The bank lifted its first-quarter and full-year gold estimates and pushed up silver targets, while cautioning that it will hold off on longer-term revisions because of continued volatility and a divergence between fundamen…
Iron ore has underperformed other metals as demand cools and seaborne supply grows. Morgan Stanley argues the market retains resilience because the steel production mix still leans on blast furnaces, and cost dynamics set a firmer price floor. Analysts expect a mild price trough in 2026 even as the market moves into surplus.
Brazilian corn ethanol producer Inpasa plans to accelerate exports of dried distillers grains with solubles (DDGS) to China, with existing contracts and potential for significantly larger shipments in 2026. The move reflects rapid growth in Brazil's corn ethanol sector and rising international demand for DDGS from meat and feed industries.
Mexico's president announced plans to send humanitarian aid, including food and basic supplies, to Cuba by Monday, while her administration pursues diplomatic channels to restore oil shipments suspended in mid-January. The move comes after Washington warned of tariffs on nations supplying fuel to Cuba and described the island as an extraordinary se…
The European Union will renew a six-month suspension of tariffs covering 93 billion euros ($109.8 billion) of U.S. goods after a recent de-escalation of threats tied to comments and tariff proposals connected to Greenland. The extension runs from February 7 through August 6 and will remain under review by the European Commission.
Equity markets this week moved from a selloff in traditional safe-havens to a broad reassessment of which companies will retain value as artificial intelligence adoption accelerates. A steep drop in software and services valuations, prompted by a new AI tool and investor fears over automation, coincided with heavy selling in gold and silver, a fres…
Mexican state oil company Pemex has granted a mixed contract for the onshore Macavil crude and gas field to a company controlled by billionaire Carlos Slim, three informed sources said. Under the model, Pemex keeps at least a 40% stake. The award adds to Slim's growing portfolio of energy ties with Pemex and follows prior mixed-contract awards last…
Hundreds of demonstrators, primarily students, gathered in Milan to oppose the deployment of U.S. Immigration and Customs Enforcement (ICE) agents and the temporary closure of schools and city areas ahead of the Milano Cortina Winter Games opening ceremony. The U.S. State Department had said federal agencies including ICE would assist in protecting…
Oil prices retreated in Asian trading and were on track for a weekly decline as markets weighed upcoming U.S.-Iran discussions in Oman, profit-taking after recent gains, and pressure from a stronger dollar. Brent was near $67.58 a barrel and WTI around $63.09, with traders reducing the geopolitical risk premium following hopes the talks could ease …
Gold and silver opened lower in early Asian trading on Friday, deepening heavy losses from the previous session as profit-taking, a firmer dollar and reduced geopolitical risk pressured prices. Silver continued to lag after a steep drop the day before, while gold traded about $1,000 an ounce below last week's record high.
U.S. crude futures fell further on Friday and were poised for their first weekly decline in several weeks as investors awaited U.S.-Iran talks in Oman. Prices eased as immediate concerns about Middle East supply disruption softened, even as geopolitical tensions and a build-up of U.S. forces in the region remain in focus. Analysts point to a recove…
Mexican officials are exploring options to supply fuel to Cuba to address urgent needs for power and transport, while seeking clarity from U.S. counterparts on tariff risks outlined in a U.S. executive order. Shipments from Venezuela have stopped after a U.S. blockade and the capture of President Nicolas Maduro, and Mexico briefly paused its delive…
Iran's Foreign Minister Abbas Araqchi has left for Muscat to lead a diplomatic delegation to negotiations with the United States scheduled for Friday in Oman. While both sides agreed to meet, they remain divided over whether the talks should include Iran's missile capabilities, a demand from Washington that Tehran rejects, saying it will discuss on…
A low-profile Chinese billionaire who previously profited heavily from long gold positions on the Shanghai Futures Exchange has accumulated the exchange's largest net short in silver. The position, built through Zhongcai Futures Co., is worth almost $300 million on paper following a sharp drop in silver prices and represents roughly 450 tons, or 30…
The White House says President Donald Trump prefers diplomacy in dealings with Iran and will see if a deal emerges at upcoming talks in Oman, while reminding Tehran that military options remain available. Preparations continue for Friday’s high-level meeting even as tensions rise across the region, disagreements persist over whether the agenda will…
A broad-based tech selloff accelerated after heavy declines in chipmakers and large-cap technology names, raising concerns that AI-driven disruption may no longer be an automatic positive for diversified index investors. Sharp moves in cryptocurrencies and precious metals accompanied the equity swings, while major central bank decisions and U.S. la…
