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
Gold stabilized in early Asian trading after steep losses last week that wiped out gains from a recent rally to near-record levels. The market reaction followed U.S. President Donald Trump nominating Kevin Warsh as the next Federal Reserve Chair, which resolved a key uncertainty, reduced some haven demand and prompted profit-taking. Other precious …
The United States has publicly accused Cuba of impeding the duties of its top diplomat in Havana after several small groups of Cubans shouted at U.S. Charge d’Affaires Mike Hammer during his meetings with residents and church representatives outside the capital. The State Department called the actions "failed intimidation tactics" and demanded Hava…
OPEC+ appears set to hold its planned halt on raising oil production for March, according to delegates, even after Brent crude approached six-month highs following concerns of potential U.S. military action against Iran. The decision follows an earlier increase in quotas for much of 2025 and a temporary freeze on additional lifts for early 2026 tie…
Yardeni Research argues that recent currency movements are amplifying the split between gold and Bitcoin. The firm notes both are difficult to value because they pay no income, highlights Bitcoin's unique vulnerabilities, and links a softer dollar to inflows into gold and support for emerging market equities.
People across Havana and nearby neighborhoods say daily life has narrowed to securing food, water and fuel as blackouts lengthen, gasoline shifts to dollar-only pricing and the peso weakens more than 10% in three weeks. Supply interruptions from Venezuela and Mexico, combined with U.S. tariff threats on countries supplying Cuba with oil, are squeez…
A U.S. federal court determined that the Department of Energy broke federal law when it assembled a Climate Working Group composed of five climate skeptics, a finding that could imperil the Environmental Protection Agency’s effort to repeal the endangerment finding. Environmental groups had sued after the DOE convened the group without public notic…
A collapse at the Rubaya coltan mine in eastern Democratic Republic of Congo has killed more than 200 people, provincial officials say. The mine — responsible for roughly 15% of global coltan output — has been under the control of the M23 rebel group since 2024. Authorities say victims include miners, children and market vendors, while the exact de…
The PJM Interconnection, which manages electricity across 13 Midwest and Mid-Atlantic states and serves roughly one in five Americans, forecasts demand will peak at 141 gigawatts on Friday. Extended Arctic weather is expected to keep electricity use elevated through February 2 even as generators and transmission operators contend with significant o…
Analytics firm Kpler reports that the United States supplied 60% of the European Union's liquefied natural gas imports in January, a rise from the prior month and from 53% a year earlier. Europe received 5.36 million metric tons of U.S. LNG in January - the second-largest monthly volume on record - and Kpler forecasts U.S. share could approach 65% …
Exxon Mobil CEO Darren Woods told analysts the company possesses the technical capability to produce Venezuela’s higher-cost, heavy crude. Woods reiterated the firm's willingness to send a technical team to the country, described recent Venezuelan priorities as stabilisation and economic restart, and said potential changes could improve conditions …
Gold set a fresh record above $5,600 an ounce amid ongoing geopolitical and economic tensions, heavy central bank buying, and growing retail interest. John McCluskey, CEO of Alamos Gold, attributes the rally primarily to structural demand from central banks and sees potential for prices to approach $5,400-$6,000 by the end of the year, even if U.S.…
Chevron reported fourth-quarter adjusted earnings that beat analyst expectations despite a year-over-year decline, as the company pursued cost reductions and operational efficiency to deal with anticipated lower crude prices through 2025. The U.S. supermajor, currently the only American oil producer active in Venezuela, said it is assessing additio…
A volatile week in currencies and commodities left policy, markets and investors parsing what a 'strong dollar' stance really means. The U.S. dollar weakened to its lowest since early 2022 amid yen intervention expectations and presidential remarks, before Treasury comments sought to steady the currency. Sharp moves in the yen and euro coincided wi…
Hundreds of millions of dollars in U.S. energy assistance earmarked to help Ukraine import liquefied natural gas and repair power infrastructure have not been disbursed, according to multiple officials. Sources say the funds were notified to Congress under the previous administration but stalled after the U.S. Agency for International Development (…
A poll of 31 economists and analysts conducted in January forecasts Brent crude will average $62.02 per barrel in 2026, with U.S. crude at $58.72. Despite recent geopolitical tensions, respondents said an anticipated market surplus will keep prices close to $60/bbl through the year. Venezuela’s recovery and OPEC+ policy moves remain key uncertainti…
OPEC+ is expected to keep its pause on additional oil output increases for March when the group meets on Sunday, according to multiple delegates. Crude prices have risen above $70 a barrel, with Brent nearing $72, as concerns about a potential U.S. military strike on Iran and recent supply disruptions in Kazakhstan tighten market sentiment. The eig…
Dutch natural gas contracts strengthened on Friday amid thin European storage, sustained cold weather lifting demand, and geopolitical tensions involving Iran that could disrupt liquefied natural gas deliveries. Front-month and near-term contracts moved higher while the day-ahead price edged down slightly. Analysts cited storage levels and weather …
Gold tumbled on Friday amid reports that the next Federal Reserve chair could take a tougher stance on policy, and as the dollar bounced back from multi-year lows. Despite the drop, bullion is on track for its most powerful monthly advance since January 1980 after a run of record and near-record highs earlier in the week. Other precious metals also…
Oil prices slipped in Asian trading as the Trump administration relaxed certain restrictions on Venezuela’s state oil company, allowing U.S. entities to handle sales and transportation of Venezuelan crude. Markets remain attentive to potential U.S. military action against Iran and to a weekend OPEC+ meeting expected to leave production unchanged, e…
Oil prices surged this month and were trading near multi-month highs as markets priced in potential disruptions tied to escalating tensions between the United States and Iran. Brent and U.S. West Texas Intermediate (WTI) futures posted strong gains, with traders building in a risk premium amid a U.S. military buildup in the Middle East, statements …
Gold slipped in early Asian trading on Friday after a volatile session that saw the metal hit record highs and then fall sharply. Spot gold declined 0.5% while April futures ticked up 0.3%, but the metal is still on track for a powerful monthly gain driven by safe-haven flows and a weaker dollar amid geopolitical and U.S. fiscal uncertainty.
Canadian Prime Minister Mark Carney told reporters he expects the U.S. administration to respect Canada's sovereignty after reports that U.S. State Department officials met with the Alberta Prosperity Project, a group advocating a referendum on Alberta independence. The APP reportedly held three meetings and seeks another session to request a $500 …
Citi Research finds that a constellation of factors - including a fire-related outage at Kazakhstan's Tengiz field, severe U.S. cold weather, rising U.S.-Iran tensions, tighter U.S. restrictions on Russian oil purchases and ongoing Chinese inventory buying - have propped up oil prices despite an estimated global oversupply of about 2 million barrel…
A senior Democrat on a House oversight panel has asked global commodity traders Vitol and Trafigura to produce all communications with members of the Trump administration from January of last year through the present, seeking to clarify any arrangements tied to U.S. management of Venezuelan oil sales after the capture of President Nicolas Maduro.
UBS has raised its XAU/USD price target for March, June and September 2026 to $6,200 per ounce, up from $5,000, citing stronger investment flows, continued central bank purchases and heightened geopolitical and policy uncertainty. The bank still expects prices to ease to $5,900 by the end of 2026, and lays out upside and downside scenarios of $7,20…
