Commercial LPG Cylinder Price Hiked by ₹993 to ₹3,071; Domestic Rates Unchanged
India’s commercial LPG cylinder rates jumped on May 1, with the 19 kg cylinder climbing ₹993 to ₹3,071 (≈ $37) in Delhi and the 5 kg free‑trade cylinder adding ₹261 (≈ $3). The domestic 14.2 kg cylinder remained unchanged, preserving the subsidy for roughly 33 crore households. The hike reflects volatile global crude‑oil prices, as Brent hovered around $113‑$126 per barrel. Prices for commercial and bulk LPG are revised monthly based on international benchmarks and exchange rates.
No Change in Domestic ATF Prices, International Aviation Fuel Rates Revised Upward
State‑owned oil marketing companies kept Aviation Turbine Fuel (ATF) prices steady for scheduled domestic airlines in Delhi, Kolkata, Mumbai and Chennai, while raising rates for international operations in the May 1, 2026 revision. Domestic rates sit at roughly $1,280‑$1,340 per kilolitre after...
ASEAN Ministers Warn Middle East War Threatens Energy Security and Regional Growth
ASEAN economic ministers issued a joint communique warning that the war in the Middle East threatens global energy security and could markedly slow growth in the region. They highlighted that the Strait of Hormuz transports roughly one‑quarter of the world’s...
From Surplus to Strain: Iran War and El Nino Threaten Global Rice Supply
Global rice supply faces new pressure as the Iran‑U.S. conflict chokes fuel and fertilizer shipments through the Strait of Hormuz, while an emerging El Nino threatens hotter, drier conditions across Southeast Asia. Farmers in Thailand, Vietnam and other top exporters are...
Trump Bets on Quick Iran Oil Crunch. Experts See Prolonged Pain and Rising Costs.
The Trump administration is pressing its naval blockade of the Strait of Hormuz, claiming Iran’s oil storage is on the verge of collapse within days. White House officials argue the pressure will force Tehran to meet U.S. demands as gasoline...
It's Not Just Oil: Iran War Also Threatens Asia's Food Security
War between the United States, Israel and Iran has shut the Strait of Hormuz, cutting off roughly a third of global fertiliser shipments. At the same time China imposed a 50‑80% ban on fertiliser exports to safeguard domestic supplies. The...
Zambia Raises Diesel and Kerosene Prices as Global Oil Costs Climb
Zambia’s Energy Regulation Board lifted diesel to K33.99 per litre (≈$1.77), kerosene to K35.05/L (≈$1.83) and Jet A‑1 to K37.98/L (≈$1.98) for May 2026, while petrol stayed at K27.15/L (≈$1.42). The hikes mirror sharp global oil price jumps—diesel up 23.11%, kerosene and...
Gold Posts Its Biggest 2-Month Drop Ever. How Its Price Could Still Doubl...
Gold futures recorded their steepest two‑month slide on record, marking the metal's biggest short‑term decline in history. The drop coincided with a strong U.S. dollar and higher real yields, which have pressured safe‑haven assets. Deutsche Bank, however, projects that gold...
EIA Report Shows Expanding US-Venezuela Oil Trade
U.S. imports of Venezuelan crude have risen sharply, reaching the highest weekly volumes since late 2018, according to the Energy Information Administration. The surge reflects a modest easing of sanctions that now permits limited PDVSA shipments to U.S. refineries. Imports...
Dakota Gas' Urea Focus Tied to Demand, Not DEF Rules
U.S. fertilizer producer Dakota Gasification says it is boosting granular urea output at its Beulah, North Dakota plant because imports have dried up, not in response to recent EPA guidance on diesel exhaust fluid (DEF) sensors. The company points to...
Market Watch: June Nymex Rises After Latest Storage Data
June NYMEX gas futures rose 12¢ to $2.767 per MMBtu after a weekly storage build fell slightly below analysts' expectations. Gelber & Associates said the lighter build signals a tighter market balance, noting higher residential and commercial consumption in cooler...
Oil Prices, Apr. 30, 2026
Oil prices ended April with heightened volatility, as Brent hovered near a wartime‑high of roughly $100 a barrel driven by blockade fears in the Middle East. ConocoPhillips announced it will maintain steady upstream activity through year‑end despite the price surge,...
Gold Rebounds as Speculation of Yen Intervention Weakens Dollar
Gold rebounded sharply, gaining 2.2% to trade above $4,600 per ounce after a three‑day decline, as the U.S. dollar slipped on speculation that Japan is intervening to support the yen. Spot gold reached $4,615.20 in London, while silver rose 2.6%...
Silver on Steroids: Why Platinum Group Metals Are the Commodities ASX Investors Are Sleeping On
Platinum group metals (PGMs) are entering a fourth straight deficit year, with the World Platinum Investment Council forecasting a 240,000‑ounce shortfall in 2026. Prices have surged, exemplified by platinum climbing 97% year‑over‑year to about $1,912 per ounce and palladium up...
2026 Growing Season Begins Under Shadow of Rising Expenses
U.S. farmers are starting the 2026 growing season amid sharply higher fertilizer costs. Nitrogen, phosphorus and potassium prices have surged, with urea reaching four‑year highs, driven by Middle‑East conflict and broader energy price pressures. Iowa growers like Chris Edgington report...
BNEF Talk: Copper’s World of Wires, Wheels and Worries
BloombergNEF’s recent talk highlighted copper as a linchpin of the energy transition, powering electric vehicles, data centers, and future grids. A new S&P Global study warns that surging demand from artificial‑intelligence hardware and heightened defense spending will outpace production, deepening...
Strait of Hormuz Disruptions Will Affect More than Gas Prices
The closure of the Strait of Hormuz, which moves about 20% of global oil and LNG, has sparked immediate spikes in gasoline and jet fuel prices. Experts warn that higher energy costs will cascade through supply chains, inflating prices of...
Correction to Steel Hot-Rolled Coil Import, Cfr Main Port Southern Europe Price on April 29
Fastmarkets issued a correction for its EU hot‑rolled coil import price, changing the range from €554‑652 to €590‑652 per tonne (approximately $643‑$711). The pricing database has been updated to reflect the accurate figures. The notice invites market participants to provide...
$6 Gas in California Signals New Phase of the Global Energy Crunch
California’s average gasoline price has surged past $6 a gallon, the highest level since October 2023, while diesel now averages $7.48 per gallon. Nationally, gasoline hovers around $4.30 per gallon, keeping the politically sensitive $4 threshold in focus. Crude oil...
US House Readies E15 Floor Vote in May
The U.S. House will hold a standalone vote on a biofuel reform bill on May 13, aiming to lift the seasonal ban on gasoline containing up to 15% ethanol (E15). The legislation would standardize exemption rules, shifting eligibility from crude‑throughput...
Indonesian Exports to China Rise, Cushioning the Blow of Disrupted Middle East Shipments
Indonesian seafood exporters are turning to China as shipments to the Middle East stall amid the Iran‑Israel conflict. Chinese demand for high‑value species such as grouper, snapper and shrimp remains strong, keeping export volumes robust. Indonesia’s seafood trade to China...
MidDay Futures: Storage-Driven Pop Proves Fleeting as June Natural Gas Gives Back Gains
June NYMEX natural gas futures took over as the front‑month contract on April 29, 2026, edging higher after the latest EIA storage report but quickly surrendered those gains. The prompt‑month contract rose 4.5 cents to $2.692 per MMBtu before easing from...
Iran War Pushing India Back to Coal, Off Gas
The escalating US‑Iran conflict has tightened global LNG supplies, forcing India to lean on coal to meet its summer peak power demand. Traditionally, Indian utilities boost gas‑fired generation during April‑June, supported by government subsidies that cap retail electricity rates. With...
OPEC+ Delegates Expect Another Symbolic Supply Hike
OPEC+ is poised to add 188,000 barrels per day to its June output target, marking the group’s first production adjustment since the United Arab Emirates announced its departure. The increase will be approved in a video conference led by Saudi...
California Gas Prices Hit $6 per Gallon as Fuel Costs Jump Nearly 30 Cents in a Week Across the U.S.
California gasoline prices surged to $6.01 per gallon, the highest level since October 2023 and a 30% jump since the U.S. and Israel entered the war against Iran in late February. Nationwide, the average pump price rose to $4.30 per gallon,...
Midmorning Markets: In-Line Natural Gas Storage Injection Supports Futures
The U.S. Energy Information Administration reported a 79 billion‑cubic‑foot (Bcf) natural‑gas injection for the week ending April 24, a level well above historical norms but in line with market expectations. Storage volumes are now 7.7% higher than the five‑year average, with the...
Air Cargo Carriers Add Fuel Surcharges Driven by Iran War
Air cargo carriers are rolling out new fuel surcharges as the Iran‑related conflict drives jet‑fuel prices to near‑double historic levels. Spot U.S. Gulf Coast kerosene hit $4.03 per gallon on April 27, prompting carriers such as United, Air Canada, Cathay, ANA...
Fertiliser Output Steady Despite West Asia Crisis; Govt Secures 37 Lac Ton Urea Imports for Kharif
India’s domestic urea output held steady at 3.75 million tonnes in the March‑April window, matching last year’s levels despite the West Asia crisis. The government secured an additional 3.7 million tonnes of imported urea through a global tender to bridge the shortfall...
Oil Strikes 4-Year Peak, Stocks Rise
Oil prices surged to a four‑year high, with Brent crude briefly touching $126 a barrel as geopolitical tension over Iran escalated. President Donald Trump warned that a U.S. blockade of Iranian ports could extend for months, fueling fears of a...
Softs Report 04/30/2026
The latest softs report shows mixed price action across cotton, fresh‑citrus juice (FCOJ), coffee, sugar and cocoa as weather patterns, geopolitical tension and delivery activity shape market dynamics. Cotton slipped on expectations of rain in the western belt, while delivery...
Iranian Ports Could Be Blockaded for ‘Months,’ Says Trump
President Donald Trump warned that the U.S. blockade of Iranian ports could continue for months, as oil prices surged above $126 per barrel. The White House told oil executives the blockade would persist if needed, while U.S. Central Command readied...
DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets
Export prices for the Democratic Republic of Congo’s mineral portfolio surged between April 27 and May 2, 2026. Gold rose to $155.28 per gram and copper to $13,177.50 per ton, while Germanium jumped 32 percent to $8,208 per kilogram. Tin and aluminum also...
Whey’s Growing Influence on Dairy Price Dynamics
Butter prices are under pressure as abundant milk is being redirected into cheese and whey processing, swelling inventories and creating volatility. Cheese remains a stable, growing segment, while high‑value whey proteins are commanding premium prices and attracting new capacity investments....
How Markets Have Responded to Military Action Against Iran : Tracking Crude Oil Prices and Volatility with FRED
The U.S. and Israel launched strikes against Iranian nuclear and military sites on February 28, 2026, catching oil markets off guard. Immediate tanker disruptions in the Strait of Hormuz on March 1 caused Brent and WTI prices, along with the VIX, to...
Fastmarkets Launches European Hydrotreated Vegetable Oil (HVO) FOB Amsterdam, Rotterdam, Antwerp Outright and Premium Prices: Pricing Notice
Fastmarkets has introduced a suite of eight new price assessments for European hydrotreated vegetable oil (HVO) FOB Amsterdam‑Rotterdam‑Antwerp, covering outright, premium‑to‑ULSD and gross‑margin spreads across four feedstock categories (crop, used cooking oil, tallow and palm‑oil‑mill effluent). The launch coincides with...
Gold Prices Rebound ₹2,000 to ₹1.54 Lakh per 10 Grams in Delhi
Gold prices in Delhi surged ₹2,000 to ₹1,54,800 per 10 grams (≈ $1,865), rebounding from a month‑low as the US dollar weakened and Treasury yields eased. The All India Sarafa Association reported a 1.31% rise, while spot gold rose $91.80 (2.02%) to...
Why Mozambique Gas Is Essential to Global Energy Security
The Mozambique LNG project restarted in January, adding 13 million tonnes per annum (mtpa) of export capacity and a domestic supply of 400 billion cubic feet per day. Its offshore fields in the Rovuma Basin ship gas directly from the Indian Ocean,...
Webinar: Asia’s Energy Shock - Who Is Most Exposed?
ING is hosting a 30‑minute webinar on May 7 to dissect Asia’s exposure to the recent oil supply shock through the Strait of Hormuz. The session, led by Deepali Bhargava, Lynn Song and Min Joo Kang, will compare strategic oil reserves, import dependence and energy‑mix...
Fastmarkets Launches Used Cooking Oil, FOB Amsterdam, Rotterdam, Antwerp, Ghent
Fastmarkets has introduced a daily price index for used cooking oil (UCO) FOB Amsterdam, Rotterdam, Antwerp and Ghent, reflecting growing demand for waste‑based biofuel feedstocks in Europe. In 2024, waste‑derived inputs reached 9 million tonnes, with UCO representing 24 percent of biofuel...
Fastmarkets Launches Crude Palm Oil Mill Effluent, CIF Amsterdam, Rotterdam, Antwerp, $/Tonne on Thursday April 30
Fastmarkets announced a new weekly price assessment for crude palm oil mill effluent (POME) delivered CIF to Amsterdam, Rotterdam and Antwerp, quoted in US dollars per tonne. The launch comes as EU demand for waste‑based biofuel feedstocks has surged to...
Silver Rallies ₹7,100 to ₹2.4 Lakh/Kg in Futures Trade on Strong Global Trends
Silver futures on India’s Multi Commodity Exchange surged 3.04% to ₹2.40 lakh per kilogram (≈ $2,900) after the U.S. Federal Reserve kept its benchmark rate unchanged at 3.5‑3.75%. The May contract rose ₹7,100 to ₹2,40,300/kg with 509 lots traded, while the July...
Oil Prices Jump To Four-Year Highs On US-Iran Tensions
Oil prices surged to four‑year highs as stalled U.S.–Iran peace talks and credible reports of U.S. military action raised fears of prolonged disruption in the Strait of Hormuz. Brent crude for June delivery peaked at $126.41 a barrel, while July...
Gold Price Rises over 1% to ₹1.5 Lakh/10g on Fed Pause, Geopolitical Worries
Gold surged more than 1% on Thursday, reaching ₹1.5 lakh (about $1,800) per 10 grams and $4,633.91 per ounce, as the U.S. Federal Reserve left rates unchanged at 3.5‑3.75%. The rally was driven by bargain‑buying after recent dips and heightened geopolitical tension...
Oil Prices Surge Amid Increasing Geopolitical Concerns
Oil prices surged to near‑wartime levels as geopolitical tensions in the Middle East intensified, with the Strait of Hormuz remaining effectively closed. Analysts from Sky Links Capital and Saxo Bank warned that U.S. military options against Iran could prolong supply...
Oil Surge on Trump Blockade Warning Tests Stocks’ Resilience
Crude oil prices leapt to a four‑year peak after President Donald Trump suggested a US naval blockade of the Strait of Hormuz could endure for months. Brent crude surged as much as 7.3%, breaking the $126 per barrel mark. The...
Oil Price Hits Highest Since 2022 After Report Trump to Be Briefed on New Iran Options
Oil prices surged to their highest level since 2022 after reports that U.S. Central Command prepared a briefing for President Trump on new strike options against Iran. Brent crude briefly topped $126 a barrel (about $119 USD) and WTI rose...
This Oil Shock Will Hit Asia Harder than the 1970s
The recent oil shock stemming from the Iran‑Strait of Hormuz crisis is reverberating across Asia more intensely than the 1970s oil crises. Jet fuel in Singapore has doubled, prompting airlines to trim May schedules by 10‑15%, while Japan’s subsidies only...
Oil Surge Above $120 Drives Markets as BoE, ECB and Key Data Take Back Seat
Brent crude breached the $120 psychological barrier, reaching a four‑year high as U.S.‑Iran tensions intensify. The rally forces investors to reprice inflation and central‑bank policy ahead of the Bank of England and European Central Bank meetings. Traders now view oil...
Grains Report 04/29/2026
U.S. wheat futures edged higher as dry conditions persist across the Great Plains, while rice prices fell following USDA’s forecast of a 12% reduction in planted area. Corn rallied despite the ongoing Iran‑Israel conflict and record spring rains in Chicago,...
The New Resource Curse
Recent oil price spikes illustrate how geopolitical shocks can drive commodity volatility, but the emerging critical‑minerals sector poses even greater risks. Demand for lithium, cobalt, nickel and rare earths is surging—IEA reports a 30% jump in lithium demand this year...