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
Mexico has pledged to deliver at least 350,000 acre-feet of water per year to the United States and to implement a plan to repay outstanding water debt from the prior cycle. The commitment, announced in a joint statement by U.S. officials, includes monthly bilateral meetings to manage deliveries, while Mexico stressed that final volumes will depend…
Maritime sources and a security consultancy reported that Iranian gunboats approached the U.S.-flagged tanker Stena Imperative in the Strait of Hormuz, ordered it to stop its engine and prepare to be boarded, and then the tanker accelerated and continued under escort by a U.S. warship. The incident occurred north of Oman inside the inbound Traffic …
Since a landmark $2 billion supply agreement between Caracas and Washington, U.S. Gulf Coast refiners have faced difficulty absorbing a rapid increase in Venezuelan crude flows. Traders and tanker tracking show rising volumes have outpaced immediate refining demand, driving heavier discounts for some Venezuelan grades, leaving cargoes held in stora…
The Trump administration is formalizing a recently announced trade understanding with India that cuts Indian tariffs on U.S. industrial goods to zero from 13.5% and lowers U.S. tariffs on most Indian products to 18% from 50%. U.S. Trade Representative Jamieson Greer said India will retain targeted agricultural protections and must follow its own po…
A government official said India has agreed to purchase a range of U.S. products - including petroleum, defence equipment, electronics, pharmaceuticals, telecom kit and aircraft - under a trade agreement announced by U.S. leaders. The deal includes tariff reductions and commitments on market access and is described as an initial tranche, with broad…
Oil futures rose after reports that a U.S. military action had downed an Iranian drone near a U.S. aircraft carrier, adding to earlier gains. Markets are also processing a new U.S.-India trade agreement and the scheduled resumption of U.S.-Iran nuclear discussions, while dollar moves have influenced commodity prices.
Oil futures rose roughly 2% after U.S. forces shot down an Iranian drone and a group of Iranian gunboats approached a U.S.-flagged tanker in the Strait of Hormuz, raising concerns that diplomatic efforts to reduce tensions could be disrupted. Prices were also influenced by estimates of a large weekly draw in U.S. crude inventories and wider geopoli…
A change in the European Commission's proposed regulation for new vehicles in 2035 - replacing a zero-emissions requirement with a 90% CO2 cut from 2021 levels - is likely to result in a large share of battery electric vehicle (BEV) sales but may also allow substantial continued sales of internal combustion and plug-in hybrid models, according to t…
Commodities plunged on Monday as a combination of U.S. political developments and easing geopolitical tensions prompted a broad selloff. The nomination of Kevin Warsh to lead the U.S. Federal Reserve, higher margin requirements on metal futures and signs of de-escalation between Washington and Tehran hit precious metals, crude oil and industrial me…
Mercuria Energy Group Ltd. is in discussions with Venezuela’s state oil company PDVSA about potential crude purchases following a temporary easing of U.S. sanctions, joining other major trading firms that have moved to secure Venezuelan supplies. The development comes as Venezuela seeks to rebuild output after a steep decline in production over the…
Recent oil-sector reforms in Venezuela, enacted after U.S. intervention last month, have prompted cautious optimism among PDVSA employees and retirees in and around Maracaibo and Ciudad Ojeda. While some expect higher output and improved pay if foreign investment returns, others warn expectations may be overstated. The package of reforms aims to cu…
Silver rocketed to an all-time peak of $121.6 on January 29 after an intense retail-led rally, then plunged more than a quarter the following day amid technical selling and stop-loss cascades - the biggest one-day decline in LSEG records going back to 1982. Prices extended losses into Monday, trading near $78 per ounce, and a number of analysts now…
Gold and silver have posted severe declines, with silver heading for its largest two-day fall since at least the 1980s and gold suffering its biggest single-day drop since 2013. Traders point to margin calls, momentum-driven selling and reduced U.S.-Iran tensions as drivers. The metals rout is coinciding with a near 5% fall in oil and pressure acro…
Gold and silver experienced a rapid and deep sell-off as higher margin requirements from the CME Group compounded liquidation that accelerated following the nomination of Kevin Warsh as the incoming Federal Reserve chair. Gold plunged from record highs earlier in the week, erasing most of its gains within two trading days, while silver fell even mo…
European natural gas benchmarks retreated sharply after forecasts showing milder weather eased fears about tight supplies. The Dutch TTF plunged over 11%, while U.S. gas futures for March delivery fell nearly 17%, reversing gains from last week that followed a major U.S. winter storm and firm demand in Europe and Asia.
BCA Research's MacroQuant quantitative asset-allocation and market-timing model recommends positioning for a softer U.S. dollar and increasing exposure to oil, copper and gold. The model remains modestly bearish on the greenback—pointing to negative price momentum, valuation pressure and unfavorable positioning—while turning decisively constructive…
Analyst firm Expro reported that Russian oil moving through Ukraine fell to 9.7 million metric tons in 2025, marking the lowest level in a decade. The drop occurred against a backdrop of recurring attacks on the Russian segment of the Druzhba export pipeline. Slovakia and Hungary remained primary recipients, while the Czech Republic stopped taking …
The Kremlin said on Feb. 2 that Russia is continuing diplomatic contacts aimed at lowering tensions surrounding Iran and repeated that it had for some time offered to process or store Iran's enriched uranium. Kremlin spokesman Dmitry Peskov said the matter of Russia potentially taking Iranian enriched uranium has been discussed for a long time and …
Talks to create an equal crude and fuel trading joint venture between Indian Oil Corp (IOC) and global trader Vitol have been postponed after both sides failed to agree on several contractual clauses, including the portion of IOC’s crude purchases to be managed by the JV and the timing and tenure of an exit clause. The planned Singapore-based ventu…
Gold and silver plunged further on Monday, extending a violent reversal that began late last week. Spot gold dropped to $4,402 in early trading before recovering to $4,687.52, down 3.7%, after a nearly 10% one-day fall on Friday pushed prices below $5,000. Silver likewise remained under heavy pressure following a roughly 30% collapse late last week…
JPMorgan has raised its year-end 2026 gold price forecast to $6,300 an ounce, citing continued and strengthening purchases by central banks and growing investor inflows. The bank said the wider market environment still supports a structural rally in gold even after a recent sharp correction in both gold and silver triggered by a dollar rebound. Ana…
Global commodity markets dropped sharply as investors sold precious metals, oil and industrial metals following the selection of Kevin Warsh as the next Federal Reserve chair and a firmer U.S. dollar. A hike in futures margin requirements and indications of easing U.S.-Iran tensions compounded the decline, while China’s pre-holiday slowdown weighed…
JP Morgan said it expects strong central-bank purchases and investor demand to push gold to $6,300 per ounce by the end of the year. The bank reaffirmed a medium-term bullish stance on gold, citing an ongoing diversification trend in reserves, and forecast central-bank gold purchases of 800 tonnes in 2026. Silver has shown greater short-term unpred…
A collapse at the Rubaya coltan mine in eastern Democratic Republic of Congo has killed more than 200 people, local officials say. The mine, producing roughly 15% of the world's coltan, is under control of the AFC/M23 rebel group and was affected by fragile ground during the rainy season. Casualty figures remain provisional and the site’s political…
Oil prices fell sharply in Asian trading after reports of talks between the United States and Iran removed some of the geopolitical risk premium that had driven crude higher. The decline was compounded by profit-taking, a firmer dollar following a U.S. Fed nomination, and OPEC+ leaving production unchanged for March.
