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
OPEC+ is widely expected to hold its halt on increasing oil production for March, according to three OPEC+ delegates, after crude prices climbed following a fall in Kazakhstan's output. An upcoming meeting of eight member countries will review the pause that was implemented for January-March despite an earlier decision to raise output targets for l…
European Union governments have granted final approval to legislation that will outlaw imports of Russian gas by set deadlines, turning the bloc's political commitment into binding law. The measure passed despite opposition from two member states and an abstention, and includes staggered cutoffs for liquefied natural gas and pipeline deliveries, pl…
Yardeni Research says a broad-based rally in metals has moved beyond gold into precious, base and rare earth metals, driven by rising geopolitical tensions and increased capital spending tied to an AI-related arms race. The firm reiterated long-term gold targets of $6,000 by year-end and $10,000 by the end of 2029, and pointed to outperformance amo…
Crude futures were largely unchanged after strong gains last session, with Brent at $65.84 and WTI at $61.03. Traders weighed a heightened geopolitical risk premium - spurred by U.S. military movements toward the Middle East - against improving logistics from Kazakhstan and lingering worries about a possible supply surplus in 2026. Attention now sh…
Oil prices held onto gains after a more than 2% rise in the previous session, supported by renewed geopolitical risk tied to the U.S.-Iran standoff and disruptions to U.S. production from severe winter weather. A Kazakhstan pipeline terminal returned to full loading capacity, but investors remain cautious as a U.S. naval presence in the Middle East…
Gold prices pushed above the $5,000 an ounce threshold on Monday as investors sought protection amid rising geopolitical tensions and the prospect of easier U.S. monetary policy later in 2026. Spot gold reached $5,035.83/oz by 18:52 ET (00:52 GMT) while U.S. Gold Futures climbed to $5,074.71/oz. Silver and platinum also marked new peaks as market p…
A deep freeze sweeping much of the United States sent real-time wholesale electricity prices sharply higher on Sunday after demand in Virginia - home to the world’s largest concentration of data centers - exceeded forecasts. PJM Interconnection reported a late Saturday-night surge in demand and projects a potential all-time winter peak this week, w…
The winter storm moving across a wide swath of the United States has already reduced crude and natural gas output and sent wholesale power prices swinging as operators pre-emptively halt production and grid operators ready backup resources. Analysts estimate combined crude shut-ins could reach roughly 300,000 barrels per day while natural gas losse…
Electricity grid operators across the United States heightened emergency measures as a cold snap affecting nearly half the population raised demand and constrained fuel supplies. The largest regional grid, PJM, saw spot prices spike to about $3,000 per megawatt hour early Saturday, while other regional operators called on plants to maximize output …
Goldman Sachs has increased its 2026 Dutch TTF gas price forecast after weather models point to a colder-than-average January across northwest Europe and associated tighter gas balances. The bank now sees end-March 2026 storage at a much lower level under current forward prices, prompting an upward revision to its 2026 price view and a modest lift …
Mexico is currently reassessing its role as a crucial oil supplier to Cuba, responding to internal apprehension regarding potential retaliation from the United States amid heightened geopolitical tensions. With Venezuelan oil shipments to Cuba suspended due to U.S. actions, Mexico stands as the main oil provider to the Caribbean island. Mexican Pre…
The Trump administration is reportedly evaluating the possibility of enforcing a comprehensive naval blockade on oil shipments headed to Cuba. This potential policy shift is part of discussions aimed at intensifying pressure on the Cuban government to induce political change. Key figures within the administration have expressed support for such mea…
Valero and Phillips 66 have purchased Venezuelan crude oil cargoes from trading house Vitol for delivery to the U.S. Gulf Coast, marking some of the first U.S. purchases tied to Washington’s authorization to export up to 50 million barrels from Caracas. The crude was traded at a discount to Brent, while Vitol and Trafigura, which received U.S. lice…
U.S. energy companies have shown a slight increase in their oil and natural gas drilling platforms for the first time in three weeks, with rig counts rising by one unit to 544 in the week ending January 23. Despite this increase, the total rig count remains notably below last year's level. This development appears alongside persistent declines in r…
SLB told investors it can quickly ramp up work in Venezuela if appropriate licences, safety protocols and compliance arrangements are put in place. The company and Halliburton have both held discussions with U.S. officials about potential investment after political changes in Venezuela, and analysts say they are well positioned to benefit if foreig…
Brazilian instant coffee exporters are requesting clarification on why the United States continues to impose a 50% tariff on their products, even after other varieties of Brazilian coffee exports were relieved from import duties. This ongoing tariff, originating from trade disputes linked to political tensions between the countries, has affected ex…
The United States has sanctioned nine vessels identified as part of Iran's 'shadow fleet' and eight related firms, aiming to intensify pressure on Tehran following lethal suppression of domestic protests. These ships, along with their owners and operators based in countries including India, Oman, and the UAE, have been integral in transporting subs…
The United States has escalated its efforts to restrict the influence of Iranian-backed armed groups in Iraq by threatening major sanctions against the Iraqi government. These sanctions could target Iraq's critical oil revenue managed through the Federal Reserve Bank of New York, pressuring Iraqi political leaders against including Iran-linked fact…
In response to extensive Russian strikes that have incapacitated power supply to around one million Ukrainians during a severe cold spell, the European Union is delivering emergency generators to restore electricity to essential services. Concurrently, France is initiating a coordination call with international allies to enhance support for Ukraine…
Recent developments surrounding U.S. interest in Greenland have sparked significant market reactions and highlighted persistent uncertainties in international trade and monetary policies. Following intense speculation and shifts in diplomatic stances, markets experienced notable volatility, revealing sector vulnerabilities and geopolitical concerns…
Ukraine's reliance on nuclear-generated electricity places its power grid at significant risk as escalating attacks focus on key substations supplying nuclear energy. With existing generation capacity halved and imports unable to fully compensate, targeted strikes on infrastructure could lead to widespread blackouts and potentially devastating cons…
China is preparing to introduce liquefied natural gas (LNG) futures contracts denominated in yuan on the Shanghai Futures Exchange (ShFE) as early as next month. This strategic move intends to decrease reliance on foreign pricing benchmarks and strengthen financial market mechanisms to support domestic energy needs. The initiative comes amid shifti…
Oil prices increased during Asian trading hours after U.S. President Donald Trump announced a U.S. naval fleet heading toward Iran, raising investor fears over potential disruptions to oil supplies in the Middle East. Despite earlier losses, crude oil is on track for its fifth consecutive week of gains fueled by expectations of stronger demand and …
In Asian markets, gold prices reached unprecedented heights, nearing the significant $5,000 per ounce mark, fueled by geopolitical instability and a weakening US dollar. Silver and platinum followed suit, also achieving record prices amid ongoing uncertainty, despite a partial retreat after a US trade announcement involving Greenland. This momentum…
Oil prices experienced a rebound on Friday following statements by U.S. President Donald Trump that highlighted an upcoming deployment of naval forces toward Iran. These remarks have amplified fears of potential military conflict that could interfere with oil supply lines, particularly given Iran's significant role as an oil producer in OPEC and ex…
