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
Citadel, the Miami-based hedge fund led by Ken Griffin, is expanding its commodities footprint into industrial metals as prices from copper to tin reach record highs. Bloomberg reported that the firm has hired Ylan Adler as a portfolio manager with a cross-commodities remit that will place a significant emphasis on metals. The decision marks a shif…
Peru's acting president has come under fire for undisclosed meetings with a Chinese businessman, thrusting the country’s extensive commercial relationship with China into the political spotlight as U.S. pressure in the region rises. The controversy has triggered impeachment motions, a preliminary prosecutor probe and sliding public support for the …
Chevron is pressing Iraqi authorities for more favorable contractual returns as a precondition to acquiring the West Qurna 2 oilfield from Lukoil, following Iraq's nationalisation of the asset amid U.S. sanctions on the Russian company. Discussions between Chevron and Iraq's oil ministry are ongoing, with any revised deal requiring cabinet approval…
The captain of the Russian-flagged tanker Marinera - seized by U.S. forces after a weeks-long pursuit tied to efforts to curb Venezuelan oil exports - has been taken from waters under British jurisdiction and transferred to a U.S. coast guard ship, the lawyer for the captain's wife said. A Scottish court briefly sought to block the removal, but the…
U.S. officials are preparing to issue a general license that would lift selected sanctions on Venezuela's energy sector, according to three sources familiar with the planning. The move represents a change from an earlier approach that relied on individual exemptions for companies seeking to conduct business in the country. Officials have linked the…
U.S. demand for imported fuel oil is expected to decline as Gulf Coast refiners take on fresh supplies of heavy Venezuelan crude. The reintroduction of roughly 50 million barrels into trade after Washington assumed control of Venezuela's oil has prompted purchases by major refiners, boosting domestic production of residual fuel that can be upgraded…
President Claudia Sheinbaum said decisions about sending oil to Cuba are taken by Mexico as a sovereign matter and not under U.S. pressure, while appearing to acknowledge that a planned shipment was put on hold. She declined to specify whether deliveries would resume, saying any change would be reported.
Citi has lifted its near-term silver price objective to $150 an ounce, citing continued momentum driven mainly by capital flows and retail investment. The bank expects a further 30-40% increase over the next 0-3 months, while saying a rise to around $300 an ounce would be an extremely unlikely outcome. The rally has already sent silver to roughly $…
Kazakhstan’s largest oilfield, Tengiz, is restarting production following a January 18 outage caused by a generator fire, but two industry sources say recovery is likely to leave output below half of normal levels by February 7. Officials and the operator report partial restarts, while uncertainty over the pace of recovery and the continued force m…
Copper has entered a consolidation phase near $13,000 per metric ton after a strong run-up, with higher prices dampening Chinese demand and rising inventories applying short-term pressure. UBS strategists point to tariff-related risks and ongoing mine supply disruptions as key supports for elevated prices, while noting seasonal and speculative dyna…
India's imports of Russian crude oil have fallen to 1.3 million barrels per day from an average of 1.8 million bpd last year, Oil Minister Hardeep Puri said in a television interview, noting a clear declining trend as the country diversifies suppliers and allows companies to decide their purchasing strategies.
Global equity indices pushed higher as investors focused on a string of mega-cap earnings due this week, even after a renewed U.S. tariff threat against South Korea. Safe-haven assets such as gold and silver remained supported and the dollar came under pressure amid speculation of coordinated intervention to support the yen. Market attention now tu…
Deutsche Bank warns that persistently higher geopolitical volatility and a shift toward redundant supply chains are underpinning a structural premium across commodity markets. The bank's analyst highlights central bank buying, renewed ETF inflows and strategic stockpiling - including China's accumulation of gold and crude reserves - as forces suppo…
President Donald Trump will visit Iowa as mounting pressure in the farm economy and postponed biofuel decisions create strains for farmers and renewable-fuel producers. The stop is aimed at shoring up support in a state that is the nation's largest producer of corn, hogs and ethanol, even as farmers report cash-flow stress, lower crop prices and un…
Russian drone and missile strikes late on Jan. 26 knocked out power to much of Kharkiv during freezing conditions and wounded civilians in Odesa, while air defences intercepted many inbound drones, Ukrainian officials reported. Authorities described extensive damage to energy infrastructure and residential buildings, with repair operations hindered…
Hindustan Petroleum Corp Ltd (HPCL) is exploring Venezuelan crude for the first time as it prepares to boost heavy oil processing in the fiscal year beginning in April. Chairman Vikas Kaushal said the company is adding flexibility to its system with two new facilities and plans to begin processing at the Barmer refinery this month, which would elev…
OCBC has lifted its end-2026 gold price forecast to $5,600 per ounce from $4,800, attributing the change to sharp recent price gains and sustained structural demand. The bank says the rally reflects a persistent premium tied to geopolitical and policy uncertainty, supported by monetary conditions and continued official sector and ETF demand, rather…
Oil prices fell in Asian trading as market attention centered on tensions between the United States and Iran and on possible supply disruptions from severe winter weather in the U.S. Recent gains tied to geopolitical risk were moderated by Kazakhstan signaling a restart at its Tengiz field, even as U.S. storms reportedly took up to 2 million barrel…
Guyana’s economy is projected to expand by 16.2% in 2026, moderating from an estimated 19.3% growth in 2025, with the oil and gas industry continuing to be the main engine of expansion. Finance Minister Ashni Singh outlined forecasts for oil production, cargo exports, and revenues, while highlighting sustained non-oil sector gains and a government …
Oil prices retreated modestly even as a sweeping U.S. winter storm forced temporary reductions in crude output and hampered Gulf Coast refineries. Market participants cited production losses of up to 2 million barrels per day and refinery disruptions, while geopolitical developments and OPEC+ policy dynamics continued to shape sentiment.
Gold prices held firm in early Asian trading after posting consecutive record highs amid renewed safe-haven buying linked to U.S. trade policy threats and rising tensions in the Middle East. Expectations that the U.S. Federal Reserve will hold rates steady this week contributed to a broadly risk-averse tone across markets, supporting demand for bul…
A recent proposal to alter Venezuela’s hydrocarbon law has prompted foreign and local oil executives to signal cautious willingness to expand activity and for some new investors to enter the country. While the measure loosens parts of PDVSA’s operational monopoly and introduces a production-sharing model, industry and legal advisers say further, mo…
Chinese private soybean processors are finalizing purchases of Brazilian soybeans for shipment from February as record South American output and competitive pricing boost supplies and depress prices. These flows are expected to strengthen Brazil's hold on China's import market in the first half of 2026 and could reduce demand for U.S. soy when the …
A U.S. official said Washington remains "open for business" if Iran seeks contact, reiterating that Tehran understands the conditions for engagement. The statement comes as President Donald Trump warned Tehran over its crackdown on protesters and the U.S. deployed an aircraft carrier and supporting warships to the Middle East, expanding U.S. milita…
BMO Capital Markets has sketched an aggressive bull-case forecast in which gold futures could climb past $6,000 per ounce by the fourth quarter of this year, with silver exceeding $150/oz. The projection comes as gold surpassed $5,100 for the first time and follows a dramatic rally in precious metals driven by geopolitical shocks, expectations of U…
