Commodities News and Headlines
Commodities News and Headlines
Commodities Pulse
EMAIL DIGESTS
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Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Oil prices surged to near $120 a barrel as Iran’s conflict intensified following the appointment of a new supreme leader, then retreated to about $106 for Brent and $103 for WTI. The fighting threatens production and shipping in the Persian Gulf, especially the Strait of Hormuz, prompting Bahrain to declare force majeure on its shipments. G7 leaders are weighing strategic petroleum reserve releases to temper market panic, while regional producers such as Iraq, Kuwait and the UAE have cut output. Higher energy costs are already inflating gasoline and diesel prices in the United States and sparking consumer backlash across Asia.
Fertilizer prices are soaring as the United States, Israel and Iran become entangled in a new geopolitical conflict, disrupting key Middle‑East supply chains. The spike mirrors the 2022 commodity shock triggered by Russia’s invasion of Ukraine, which sent grain, fertilizer...
House leaders filed HB 8292, allowing the Philippine President to suspend or reduce fuel excise taxes during national or global emergencies, triggered by soaring oil prices linked to Middle East tensions. The bill sets a concrete threshold—Dubai crude at $80 per...
Philippine fuel retailers set pump prices based on the cost of the next shipment rather than the price they paid weeks ago, using a replacement‑cost accounting model tied to the Mean of Platts Singapore (MOPS) benchmark. A mandatory 15‑ to...
The Iran‑Israel‑US conflict has forced the cancellation of several South American soymeal and soybean cargoes destined for Iran, prompting exporters to consider washouts or rerouting. Soymeal premiums are under pressure as freight rates spike, especially on Atlantic routes, while Brazil’s...
In February 2026 the European Union purchased every cargo from Russia’s Yamal LNG project, amounting to 1.54 million tonnes across 21 shipments, the first full‑yearly capture since 2018. The purchases came just nine months before the EU’s scheduled ban on Russian...
Oil prices have surged sharply as the Middle East conflict intensifies, highlighted by Iran’s appointment of a new supreme leader. The spike has prompted an emergency G7 finance ministers meeting to discuss coordinated responses. In the UK, Prime Minister Sir...
Oil prices have surged past $100 per barrel, reigniting market volatility amid heightened geopolitical tensions. Julius Baer strategist Mark Matthews says markets are already pricing in the shock, with Asian equities showing mixed reactions and India’s exposure mitigated by improved oil...
European natural‑gas futures jumped roughly 30% on Monday, marking the steepest weekly advance since the 2022 energy crisis. The rally coincided with oil breaching $100 a barrel as major Middle‑East producers curtailed output and the Strait of Hormuz remained effectively...
Australia’s iron‑ore sector produced 967.8 million tonnes in 2025, a 1.4% YoY rise, maintaining a 36.8% share of global output. Prices softened to an average $100.2 per dry metric tonne, down 8.4% as Chinese steel demand cooled and supply grew. While...
Irish Minister of State Thomas Byrne warned that the war in the Gulf could cause food prices to rise dramatically, adding to already higher energy costs. He indicated the government will assess support measures within the next week, focusing on...
Saudi Aramco has launched a rare series of spot tenders offering roughly 4.6 million barrels of crude, covering Arab Extra Light, Arab Heavy and Arab Light grades. The move comes as the effective closure of the Strait of Hormuz forces shipments...
Oil prices surged dramatically on Monday, with Brent crude jumping 27% to $117.58 per barrel and U.S. crude climbing 28% to $116.51, marking the steepest daily gain since at least 1988. The spike follows heightened tensions in the Middle East,...
Vietnam's finance ministry announced a proposal to cut the most‑favoured‑nation (MFN) import tariff on selected petroleum products to 0 % effective until 30 April 2026. The move aims to broaden the supplier base and secure crude volumes as the US‑Iran war has disrupted...
Oil futures surged past $113 a barrel and Brent topped $114 as the U.S.-Israeli conflict with Iran escalated, pushing the Strait of Hormuz effectively closed. The sharp rally in crude sent gasoline price forecasts above $4 per gallon, while Dow...
Oil markets spiked dramatically as Brent crude briefly touched $119.50 per barrel, driven by heightened geopolitical risk from the Iran‑related conflict in the Middle East. Prices later eased to $107.20 for Brent and $103.18 for WTI after reports that G7...
Exxon Mobil and Chevron jumped 3.6% and 3.5% respectively in after‑hours trading as WTI crude surged past $100 per barrel, boosting expectations for higher earnings and cash flow. Berkshire Hathaway fell 1.3% despite its Chevron stake, weighed down by a...
Oil prices have surged past the $100 per barrel mark, with West Texas Intermediate climbing above $108 and Brent exceeding $107, reflecting a 16‑18% rise since the start of the year. The jump is driven by escalating war risks in...
Kuwait Petroleum Corporation announced it will begin throttling oil production as domestic storage fills, a precautionary step ahead of potential forced shutdowns. The move follows Iran’s recent attacks on vessels in the Strait of Hormuz, which have severely constrained tanker...
Goldman Sachs warned that global oil prices could breach $100 a barrel within days and climb to $150 by month‑end if the Strait of Hormuz remains blocked. Iran’s effective blockade has cut crude flows through the strait to roughly 10%...
Kuwait’s state‑owned oil company KPC announced a precautionary cut to crude output and refinery runs after the Strait of Hormuz effectively shut down oil exports amid escalating conflict between the US, Israel and Iran. The firm issued a force majeure...
Kuwait's state‑owned oil company KPC announced a precautionary cut to crude production and refinery runs after the Strait of Hormuz became effectively closed following U.S. and Israeli air strikes on Iran. In February, Kuwait produced 2.59 million barrels per day, with...
Gold prices have surged 47.6% since August 2025, reaching $5,092 per ounce, as central banks shift from Treasury securities to gold. The United States and Germany now report gold comprising over 80% of their reserve portfolios, with Italy and India also...
South Bow Energy is pursuing binding take‑or‑pay agreements from Canadian producers to fund a new pipeline spur that would add 450,000 barrels per day of crude to its Keystone system. The line would feed directly into the existing Keystone network,...
Qatar’s energy minister Khalid al‑Kaabi warned that the ongoing Middle‑East conflict is creating a far larger shortfall in liquefied natural gas (LNG) than market participants anticipate. Damage to export terminals and logistical bottlenecks are curbing Qatar’s ability to meet its...
The International Energy Agency’s chief announced that global oil markets are currently well‑supplied, eliminating any immediate need to tap strategic inventories. While some regions continue to experience supply disruptions, the agency sees no justification for coordinated production cuts at this...
Oil prices surged to a two‑year high after Qatar’s energy minister warned that all Gulf oil and gas exporters could cease production within days amid the escalating Middle‑East conflict. Brent crude rose above $93 a barrel, and the minister suggested...
U.S. LNG demand is set to surge, but the Haynesville Shale’s production is waning, forcing gas producers to look beyond traditional sources. Analysts argue that the upcoming export capacity will be fed by a mix of basins—including the Permian, Marcellus,...
The United States is experiencing a rapid surge in artificial‑intelligence workloads, prompting a projected 30 percent increase in electricity demand by 2030. To satisfy this growth, utilities are turning to renewable natural gas (RNG) as a low‑carbon, dispatchable fuel for data...
A BlackRock‑led consortium will take AES private in a $33.4 billion deal, valuing the power producer at roughly $70 billion. The transaction underscores private‑equity interest in regulated energy assets amid soaring electricity demand. It also highlights the competitive pressure gas and nuclear...
The war in the Middle East has driven global oil benchmarks to multi‑year highs, yet U.S. gasoline prices have remained relatively modest. Ample domestic crude output and record‑high gasoline inventories have insulated the U.S. market from the price shock. Retail...
Grain prices surged as a weaker U.S. dollar boosted soybeans, corn and wheat, pushing them to multi‑month highs. Technical and commercial buying, reinforced by stronger crude oil and expectations of renewed Chinese soybean demand, drove the rally. Weather concerns in...
Brazilian steel slab exports more than doubled in February, reaching 835,327 metric tonnes, up 117% year‑over‑year. The United States and the European Union drove the surge, with U.S. shipments rising 54% despite 50% tariffs and EU imports jumping from 50...
Delivered prices for medium sour Alaska North Slope (ANS) crude hit a record high on Thursday, trading around an $8.30 per barrel premium to July Ice Brent, the highest since Argus began tracking in January 2018. Purchases by South Korean...
Brazilian bleached eucalyptus kraft (BEK) pulp prices rose 8% year‑on‑year in dollar terms, though a stronger real softened the net effect. February contracts ranged $700‑1,130 per tonne, while the March local‑currency price is set around 4,030 Reais, down 5.1% YoY but...
ADNOC CEO Sultan Al Jaber met Japanese Prime Minister Sanae Takaichi in Tokyo as tensions in the Strait of Hormuz escalated, emphasizing energy security and confirming that the Ruwais LNG export facility remains on schedule. He reassured that construction has not...
Angola welcomed the recent surge in oil prices, with Brent climbing above $86 a barrel, far exceeding the $61 benchmark used in its 2026 budget. While the rally promises higher state revenues, the government warned that the boost could be...
Fastmarkets announced it will discontinue two European sustainable aviation fuel (SAF) cost assessments—AG‑SAF‑0006 (SAF max) and AG‑SAF‑0007 (HVO max)—that previously incorporated Dutch HBE‑IXB credits. The change follows the Netherlands’ update to its biofuel mandate, which now excludes aviation from the...
The Minerals Council South Africa praised Eskom for achieving a 68.5% energy availability factor, above the 68% target, but warned that the utility’s tariff methodology, legacy diesel contracts, and rising wage costs could push electricity prices beyond inflation. The council...
Longi’s subsidiary Longi Solar Technology secured the top spot in an 800 MW PV module tender for Gansu’s Hexi new energy base, offering a bid of CNY 0.754 ($0.104)/W and committing to delivery by June 2026. Canadian Solar announced that its 2 GW heterojunction...
Capital.com reported a 49% jump in active retail traders and a 73% rise in total trading volume on 2 March as the Middle East conflict intensified. Oil surged to become the platform’s second‑most‑traded instrument, with new oil traders up 1,255% and...
The Iran‑Hamas war is unlikely to dent global GDP, as the Gulf accounts for only 2‑3% of world output. However, the Strait of Hormuz—through which roughly a quarter of seaborne oil and one‑fifth of LNG flow—poses a serious chokepoint for...
Bank of Baroda estimates that a 10 percent rise in global oil prices will directly lift India’s Wholesale Price Index by roughly 0.7‑1 percent, potentially reaching a full 1 percent when indirect effects are counted. The surge would push oil imports up by...
Freight rates from the Far East to the U.S. and Europe rose sharply after recent military strikes in the Middle East, according to Xeneta data. Spot prices jumped about 10% on West Coast routes and 9% on East Coast routes,...
U.S. rail carriers posted a modest 1.6% rise in total traffic for the week ending Feb. 28, reaching 516,729 carloads and intermodal units. Carloads jumped 6.9% driven by a 20% surge in grain shipments, while petroleum, chemicals and metallic ores also...
Reliance Industries rerouted two fuel tankers—about 100,000 metric tons of diesel and 75,000 tons of jet fuel—from Europe to Asia as the Iran‑Israel conflict chokes supply through the Strait of Hormuz. Asian jet‑fuel margins surged to a record $80 a...
Libya’s National Oil Corp announced that the Sarir refinery has resumed gasoline production after a three‑year shutdown, restoring its 10,000 bpd gasoline capacity. The restart follows a major overhaul of the crude distillation unit completed in January and includes the activation...
Gold prices are being pushed higher as Middle East conflict escalates, with Argonaut raising its 12‑month target to $6,000 per ounce and State Street assigning a 35% probability to a bull case of $5,500‑$6,250. Safe‑haven demand has lifted gold ETF...
Fastmarkets has announced a proposal to introduce two new ex‑works China graphite flake price indices – 94% carbon, -100 mesh and 94% carbon, +80 mesh. The indices will be published weekly on Thursdays at 7 pm Shanghai time, with a minimum...
Australia shipped 91,511 tonnes of chickpeas and 300,009 tonnes of lentils in January, according to the Australian Bureau of Statistics. Chickpea exports collapsed 85% from the December peak of 594,201 tonnes, while lentil shipments slipped 5% from December’s 316,358 tonnes....
