Analysis: Commodities

India's July palm imports surge to near one-year high on festive demand

India's palm oil and soyoil imports surged to their highest levels in about a year in July, as refiners increased purchases for upcoming festivals amid a correction in prices, a leading trade body...

Gold prices inch lower as US inflation data looms

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve's September policy...

Prabowo's free meals plan poised to expand Indonesia dairy consumption, imports

Indonesia's president-elect campaigned on a pledge to provide free meals to over 80 million school children, a costly and daunting logistical effort that is poised to lift dairy imports and ultimately...

Sicily's orange growers call for help as drought threatens output

Sicily's orange farmers warned on Tuesday that searing heat and drought risked wrecking this year's production and called for help from regional and national authorities to save their business. ...

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...

Gold dips as investors book profits, US inflation data in focus

Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the...

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...

Oil prices ease as markets refocus on demand worries

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer...

Crop Watch: Dryness clips ratings, relief eyed this week - Braun

Many of the U.S. Crop Watch corn and soybean fields last week remained on the dry side for a second or third week, and the desire for rain is now unanimous among producers to maintain or even...

Oil investors cut positions to record low amid financial market meltdown: Kemp

Investors cut their petroleum positions to the lowest level for at least a decade early last week, part of a broad-based retreat from risk amid rising concerns over a global economic slowdown. ...

Iron ore outlook dims as China inventories, steel output fade: Russell

The price of iron ore has dropped for a sixth consecutive week as China's steel sector continues to struggle and port inventories of the raw material stop rising. Singapore Exchange...

Iron ore outlook dims as China inventories, steel output fade: Russell

The price of iron ore has dropped for a sixth consecutive week as China's steel sector continues to struggle and port inventories of the raw material stop rising. Singapore Exchange...

Light frosts reported in some Brazil coffee areas

Farmers and local media reported the occurrence of light frosts in coffee producing areas in Brazil in the early hours of Sunday as an unusually strong cold mass for this time of the year advances...

ICE Review : Canola Loses Upward Momentum to End Week

WINNIPEG, Manitoba--The ICE Futures canola market could not maintain its upward momentum at the end of the week despite early gains on Friday amidst mostly positive sentiment in comparable oils. ...

Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts...

Oil traders ignore dwindling stocks to focus on economy: Kemp

Oil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the future threat posed by a possible slowdown in the major economies. ...

U.S. oil and gas output curbed by lower prices: Kemp

U.S. oil and gas production show further signs of flattening out or turning down, a delayed response to the decline in prices over the last two years after the initial shock caused by Russia's...

Commodities overview: Clouds are gathering, except for gold

Every week, the commodities overview reviews the latest developments on the commodities markets, and to gain a better understanding of the variations in the prices of energy, metals and agricultural...

ARAMCO CEO SAYS WE ARE SEEING MORE PLANS TO REPLENISH STRATEGIC…

ARAMCO CEO SAYS WE ARE SEEING MORE PLANS TO REPLENISH STRATEGIC CRUDE INVENTORIES, WILL CONTRIBUTE TO HEALTHY OIL DEMAND IN NEXT FEW MONTHS ...