Germany, Japan to Unblock Oil Reserves as G-7 Stands ‘Ready’ to Act
Japan and Germany announced they will tap strategic petroleum reserves to curb soaring crude prices amid the Iran‑Israel war, following an International Energy Agency request for a 400 million‑barrel release. Japan plans to act as early as March 16, while Germany will contribute without a set date. The move is part of a coordinated G‑7 effort to stabilize markets as the Strait of Hormuz remains threatened. The IEA’s proposed drawdown would be the largest ever, exceeding the 2022 release during the Ukraine conflict.
StoneX Slashes Global 2025/26 Sugar Surplus Forecast by 70%
Broker StoneX dramatically reduced its global sugar surplus forecast for the 2025/26 marketing year to 870,000 metric tonnes, down from the 2.9 million tonnes projected in January. The revision stems from a downward revision of Indian sugar production to 29.7 million tonnes,...
Since February, Rising Gas Prices Have Added to Inflation.
U.S. gasoline prices have surged 20% since the Feb. 28 strikes by the United States and Israel drove oil higher. The increase will not appear in the February CPI, which is released later this week, but it will feed into overall...
Diesel Rally Drives US Animal Fats and Oils to Multi-Month Highs
A diesel and heating‑oil rally has lifted US animal‑fat and oil feedstock prices to multi‑month highs, with the Gulf hub seeing used cooking oil near 68 cents per pound and tallow and distiller’s corn oil hitting eight‑month and three‑year peaks. The...
US-Iran War Crimp LPG Supply, Hit Borosil’s Glass Production at Jaipur
Escalating hostilities between the United States, Israel and Iran have disrupted LPG shipments to India, prompting Oil Marketing Companies to issue a force‑majeure notice. Borosil Ltd, a major glass maker in Jaipur, said the shortage forced a temporary shutdown of...
Parameta Solutions, Marex Launch Joint Netback Pricing Offering Combining Oil and Freight Data
Parameta Solutions and Marex have launched a joint netback pricing service that merges proprietary oil price benchmarks with real‑time freight data. The combined offering lets traders evaluate the total cost of moving crude and refined products, surfacing route‑level economics and...
GAIL Buys Oman LNG Cargo, Sources Say
Indian gas utility GAIL has purchased a cargo of Omani liquefied natural gas for delivery next week, priced between $17 and $20 per million British thermal units. The cargo, loaded on the vessel Orion Hugo chartered by Shell, is slated...
IOC, BPCL, HPCL Could See Margin Pressure Amid Oil Price Spike: S&P
S&P Global Ratings warns that India’s oil‑marketing firms IOC, BPCL and HPCL could see profit margins squeezed as they keep retail petrol and diesel prices steady amid a recent crude price surge. Crude oil jumped above $100 per barrel after...
As some Hoard Petrol, Here’s Our Last Line of Defence Against a Fuel Shortage
Australia is rapidly constructing massive, windowless steel cylinders on the outskirts of its largest cities to store fuel. Each tank, up to 50 metres in diameter and ten storeys high, can hold tens of millions of litres of petrol. The...
IEA Reportedly Proposes Largest Ever Oil Stockpile Release
The International Energy Agency has proposed the largest ever release of strategic oil reserves to curb a price surge linked to the Middle East conflict. Oil prices slipped below $90 a barrel after the report, boosting equity markets. Governments are...
Indian Edible Oil Buyers Move to Secure Prompt Shipments as Prices Surge
Indian edible‑oil buyers are accelerating shipments as vegetable‑oil prices and freight rates surge, fearing delays from the Middle East conflict. India, the world’s largest importer, is curbing fresh purchases of soy and sunflower oil, which could temper further price spikes...
Two Things You Can Control Right Now When Fuel Is Trying to Break You
Diesel prices are edging toward $5 a gallon, squeezing margins for owner‑operators and carriers. While macro forces such as Middle‑East tensions and Fed policy are beyond a driver’s control, two levers remain: where fuel is purchased and how much is...
WASDE Overshadowed as War Pushes Fertilizer Prices Higher: Can Corn Rally?
The March WASDE report was largely unchanged, with U.S. corn ending stocks holding at 2,127 million bushels and global corn stocks edging higher. Meanwhile, the Middle‑East conflict is pushing nitrogen‑based fertilizer prices up, raising concerns over planting costs. Higher fertilizer costs...
Global Ferrous Scrap Markets Post Mixed Trends in Feb 2026
February 2026 saw a split in global ferrous scrap pricing, with Europe and China posting modest gains while the United States and Turkey experienced declines. Turkish HMS 1&2 (80:20) slipped 0.6% to $373.1 per tonne, and U.S. East Coast HMS...
War in Iran Sends Farmer’s Fuel, Fertilizer Costs Soaring
The Israel‑U.S. attacks on Iran have turned the Strait of Hormuz into a virtual no‑go zone, halting shipments of crude, natural gas and key fertilizers. Blocked exports of nitrogen, ammonia and phosphates pushed urea prices 71% to $600 a ton,...
EIA Lowers Henry Hub Natural Gas Price Forecast Despite Iran War Fallout
The U.S. Energy Information Administration cut its Henry Hub natural‑gas price forecast to about $3.80 per MMBtu, a 13 % reduction from the previous month’s outlook. The agency also projects the 2027 average price near $3.90 per MMBtu, despite recent price...
Europe Remains Top Destination for U.S. LNG Cargoes Despite Asian Supply Squeeze Amid Middle East War
Europe continues to dominate U.S. liquefied natural gas (LNG) shipments, absorbing the majority of cargoes despite a tightening Asian market. The recent Middle East conflict has slashed regional energy exports, reducing the incentive for U.S. producers to divert LNG to...
Saudi Aramco CEO Issues Stark Warning: Iran War Could Bring ‘Catastrophic’ Shock to Global Oil
Saudi Aramco CEO Amin Nasser warned that the Iran‑Israel‑U.S. war could trigger a catastrophic shock to global oil markets if the Strait of Hormuz remains closed. The conflict has already halted up to 20% of world petroleum trade, pushed Brent...
How Are Prices of Gas & Diesel in ASEAN, and Where Do We Go From Here?
Gasoline and diesel prices across ASEAN vary widely, with Singapore topping the list at roughly $2.84 per litre and Indonesia and Malaysia offering sub‑$0.60 rates thanks to subsidies. Market‑driven economies such as the Philippines, Vietnam and Thailand see prices track...
Fastmarkets to Change Frequency of US Delivered Tin Price
Fastmarkets announced it will change the publication frequency of its US delivered tin price assessment (MB‑SN‑0011) from monthly to quarterly, beginning with the April 7, 2026 assessment. The shift follows internal reviews and market consultations that highlighted low spot liquidity...
Philippines to Import 250K MT Fish to Boost Stocks, Stabilize Prices
The Philippines Department of Agriculture approved a 250,000‑metric‑ton fish import program set to begin in August 2026, aiming to fill domestic supply gaps and keep prices stable. The plan reserves 10,000 MT for the government‑run Kadiwa program, allocates 80% to commercial...
The $120 Oil Spike Was Typical 'Peak Panic' Marking a Top, Says Bank of America
Bank of America’s technical strategist Paul Ciana labeled Monday’s $120‑per‑barrel Brent surge as a "peak panic" episode that likely marks a short‑term price ceiling. He projects Brent to consolidate between $90 and $110 in the medium term, while acknowledging that...
Hormuz Closure Would Cost Gulf States Average 3.8% of GDP, Marex Warns as Bahrain Most Exposed
Marex warns that a three‑month shutdown of the Strait of Hormuz would erode the average current‑account balance of Gulf states by 3.8% of GDP. Bahrain, lacking alternative export routes, would see its surplus flip to a 3.2% deficit, while Saudi...
Canola Watches CUSMA Talks
Canadian canola exports are heavily dependent on the United States, with 78% of oil shipments projected for 2025 and 66% of meal exports in 2024. The joint review of the Canada‑U.S‑Mexico Agreement (CUSMA) begins July 1, and the U.S. is conducting...
Enduring Storage Deficits in Key Regions Could Further Bolster Natural Gas Forward Prices
Natural gas inventories in major consuming regions ended February in significant deficits despite robust production and near‑normal overall storage. The East is 17% below its seasonal average, the Midwest 16% short, and the South Central also lagging. These regional shortfalls...
Iran War Sends Prices in Next Door Turkmenistan Soaring
The Iran‑Israel war has triggered Tehran to ban all goods and agricultural exports, instantly inflating prices in neighboring Turkmenistan. Mandarins, apples and cigarettes have roughly doubled, squeezing pensioners and low‑income consumers. Central Asian economies, which depend on Iranian transit corridors...
Market Sentiment Improves Further on Saudi Oil Rerouting, Dollar Stays Soft
Global markets rallied as Saudi Aramco activated the East‑West pipeline, restoring roughly 70% of its crude exports—about 5 million barrels per day—despite Gulf shipping disruptions. The move eased fears of a major oil supply shock, keeping WTI near $90 and lifting...
Tin Market Volatility Intensifies as Global Demand for Strategic Metals Grows
Tin prices surged to a projected $54,925 per ton for the week of March 9‑14 2026, according to the DRC’s National Market Commission, while Boursorama data on March 10 showed a daily dip to $48,275 per ton, underscoring sharp volatility. The metal’s small...
Oil Surged Past $100 Before Coming Back to Earth. Wall Street Is Bracing for What Comes Next.
Oil prices surged past the $100‑a‑barrel benchmark over the weekend as tensions escalated in Iran, prompting panic across markets. G7 nations quickly pledged to tap strategic reserves and President Trump’s reassurance helped pull prices back, allowing major indexes to close...
Market Spinning After 'Most Epic Price Reversal in Oil History'
Oil prices surged past $100 per barrel before reversing sharply, marking what analysts call the most epic price reversal in oil history. The swing was driven by mixed signals about the U.S.–Iran conflict, including President Trump's comments and hopes of...
'Quality' Coal Rallies as LNG Spikes
LNG spot prices in Asia surged to a two‑year high of $22.50 per mmBtu after strikes closed the Strait of Hormuz, cutting Qatar’s supply. The spike lifted high‑quality 6,000 kcal/kg thermal coal to $129.62 a ton, a 14‑month peak, while European...
Asia’s Fuel Crunch Forces Four-Day Weeks and School Closures
Asian nations are tightening fuel policies as the Middle East war curtails global oil supplies. Vietnam responded by lowering import tariffs on select petroleum products and mandating that uncommitted oil be sold to domestic refineries. The civil aviation authority warned...
Fuel Prices Today: Check Petrol, Diesel Rates City-Wise
Crude‑oil futures plunged on March 10 after U.S. President Donald Trump signalled an end to the West Asia conflict, sending Brent down 5.15% to $93.86 and WTI 5.24% to $89.80 per barrel. Despite the sharp global sell‑off, retail fuel prices across...
China’s Energy Defences Ease Sting of Iran War Instability
China is strengthening its energy security framework to offset volatility caused by the Iran‑related conflict. The government has expanded strategic petroleum reserves, accelerated domestic renewable projects, and secured new long‑term contracts with alternative suppliers. These moves aim to insulate the...
Hormuz Closure Sends Bunker Prices to Record Levels
The closure of the Strait of Hormuz amid the Iran‑US/Israeli conflict has driven bunker fuel prices to record highs, with IFO 380 averaging $841.50 per tonne globally and Singapore reaching $1,073. At least 20% of the world’s HSFO exports are now...
Gold Rate Today: Check the Live Price of 22K, 24K and 18K Gold Prices on 10 March 2026
Gold prices jumped on March 10 2026 as MCX April futures opened higher by 0.9% to ₹1,61,743 per 10 grams. Spot gold eased 0.1% to $5,131 per ounce while U.S. futures rose 0.7% to $5,141. Major Indian cities reported 24‑karat gold around ₹1.62 lakh per 10 grams,...
RCF, FACT and Other Fertiliser Stocks Rocket up to 17%. What’s Triggering the Surge?
The Indian government issued the Natural Gas Regulation Order, 2026, limiting natural‑gas allocation to fertilizer plants at 70% of their average six‑month consumption and reserving 100% for top‑priority sectors. The move follows West Asia LNG disruptions that forced a re‑allocation...
Iran Strikes Push Oil Higher and Raise Inflation Risks - Weekly Roundup: 10 March
Oil prices surged past $100 a barrel after US and Israeli strikes on Iran, reviving inflation concerns and prompting analysts to warn of a dual recession‑inflation risk. Meanwhile, Swift is launching a new cross‑border retail payments framework to improve speed...
As Bombs Fall, Gold Prices Rise — and Poland Is Taking Notice
Geopolitical strikes on Iran have pushed spot gold to a record $5,420 per ounce, sparking a surge in demand for physical bullion. In Poland, the Mazovia Mint reports private investor purchases rising 30‑50% year‑on‑year, with 21% of Poles entering the...
Mideast Naphtha Supply Tightens as Disruptions Mount
Mideast Gulf naphtha supplies are tightening after Kuwait's KPC and Bahrain's Bapco Energies announced force majeure, removing roughly 560,000 t/month and 167,000 t/month respectively. Additional shipment delays from ADNOC and cargo cancellations by QatarEnergy, alongside drone attacks on Ras Laffan and Duqm,...
Asian Buyers Struggle to Find March LNG as Supply Remains Tight
Asian LNG buyers are facing a shortage of March cargoes after a war‑related outage at Qatar’s Ras Laffan plant, the world’s largest LNG exporter, tightened global supply. Thailand, Bangladesh, India and Vietnam have turned to the spot market to secure near‑term...
India Says No to IEA’s Call to Release Strategic Oil Reserves
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
Aluminum Falls as Trump Signals Iran Conflict May End Soon
Aluminum prices on the London Metal Exchange slipped up to 3.5% after President Donald Trump hinted that the Iran war could conclude “very soon.” The conflict had been a key driver of supply constraints, pushing the metal to a four‑year...
Indicators Point to Hiccups in Steel Demand Momentum
U.S. steel production slipped in early March, falling 26,000 tons as weekly output dropped from 1.817 million to 1.791 million tons. The slowdown mirrors weak construction employment, which shed 11,000 jobs in February and posted a 6.9% unemployment rate, and a modest...
Coal Price Rally Fuels FIFO Boom
Rising coal prices have reignited Australia’s fly‑in, fly‑out (FIFO) market, with spot rates climbing from US $172 to US $220 per tonne since July 2025. Civeo Corporation reported an 18 percent profit surge, posting US $51.9 million in Australian earnings after delivering 2.78 million accommodation nights...
Oil, Gas Futures Surge in Volatile Trade
Crude oil futures benchmarks Brent and WTI surged to their highest intraday levels since 2022 on Monday, with Brent briefly topping $90 a barrel and WTI crossing $85. The rally was short‑lived, as both contracts slipped later in the session,...
Hormuz Closure Sends Gas Prices Soaring, LNG Cargoes Toward Asia
The recent closure of the Strait of Hormuz has triggered a sharp rise in global natural‑gas prices, except in North America, which remains insulated by abundant domestic supply. The disruption forced several LNG carriers originally bound for Europe to reroute...
US Shale Offers No Quick Fix for Lost Mideast Crude
U.S. shale producers are unlikely to fill the gap left by reduced Middle East crude exports, even as oil prices climb. Analysts argue that the war‑driven supply loss will be prolonged, and shale’s long lead‑times and capital intensity prevent a...
Spot Prices Wrap: National Avg. Falls to Five-Month Low as Warm Weather, EPNG Force Majeure Weigh
U.S. natural‑gas spot prices slipped to a five‑month low as unusually warm spring weather curbed heating demand nationwide. The Henry Hub benchmark rebounded above $3/MMBtu, marking a second consecutive rally. Meanwhile, a force‑majeure event at El Paso Natural Gas forced the...
Costco Issues Urgent Warning to Shoppers
U.S. and Israeli strikes on Iran have pushed crude oil into the mid‑$70‑per‑barrel range, sending the national average gasoline price up 27 cents to $3.25 per gallon. Analysts warn the pump price could climb to $3.50‑$3.70 soon and possibly breach...