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.
1,590 total articles
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.
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% …
