Analysis: Commodities

Oil rises on cooling US inflation, strong summer demand

Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor...

Ideas to ponder before USDA's supply and demand data -Braun

Market participants expect a relatively mundane update from the U.S. Department of Agriculture on Friday, though surprises can never be ruled out, especially at this time of year. Ample...

IEA SAYS SUBPAR ECONOMIC GROWTH, GREATER EFFICIENCIES AND VEHICL…

IEA SAYS SUBPAR ECONOMIC GROWTH, GREATER EFFICIENCIES AND VEHICLE ELECTRIFICATION TO HIT DEMAND IN 2024, 2025 ...

Gold holds ground as traders brace for US inflation data

Gold prices held steady on Thursday, with investors awaiting U.S. inflation data due later in the day for more insights on the Federal Reserve's interest rate path. ...

Europe's gas glut is gradually eroding: Kemp

Europe’s gas storage is filling more slowly than normal this summer, which has reduced the probability space will run out before the onset of the main winter heating season. ...

Weak CBOT corn, soybeans heading toward ominous achievement -Braun

Chicago corn and soybean futures almost always undergo some kind of summer rally as U.S. crop potential remains vulnerable to weather fluctuations, but traders this year have displayed little to...

ICE Canada Weekly Outlook : Canola Likely to Fall Back

WINNIPEG, Manitoba--Expect canola futures to continue to retreat for the time being, according to broker Jamie Wilton of R.J. O'Brien. They will chop around a little bit, he said noting the...

US, Mexico move to thwart China circumvention of US steel, aluminum tariffs

The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other countries that ship products through Mexico, implementing a...

India to sell wheat from state stocks to flour millers, biscuit makers

India plans to sell wheat from its state reserves to bulk consumers such as flour millers and biscuit makers from next month, according to a government order seen by Reuters, as it seeks to keep a lid...

Gold prices steady with spotlight on US inflation print

Gold prices held steady on Wednesday, with investors looking towards key U.S. inflation data that could shed more light on the Federal Reserve's interest rates trajectory. ...

Global oil market seen in supply deficit next year, EIA says

NEW YORK, July 9 - Global oil markets are expected to be in a supply deficit next year, the U.S. Energy Information Administration said on Tuesday, reversing its prior forecasts of a...

Gold edges higher as investors await Powell's testimony

Gold prices inched higher on Tuesday after a sharp drop in the previous session, with investors awaiting Federal Reserve Chair Jerome Powell's testimony before Congress and June inflation data to...

Nigeria to suspend taxes on certain food imports to curb rising prices

Nigeria plans to suspend taxes on certain food imports including wheat and maize for 150-days, and recommend a retail price to try to bring under control rising prices in Africa's most populous...

Global hydro rebound will curb fossil fuel growth in 2024: Kemp

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion...

High gold prices dull activity in India and China

Physical gold dealers in India offered discounts for the ninth consecutive week due to high prices, as they await a potential import duty reduction in the upcoming budget, while top consumer China...

Gold eyes second straight weekly rise; spotlight on US payrolls

Gold prices edged up on Friday and were set for a second straight weekly gain, while traders awaited U.S. employment data to gauge the trajectory of the Federal Reserve's potential interest rate...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...

China's rapid renewables rollout hits grid limits: Kemp

China's record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle increasing amounts of renewable generation when it overwhelms local...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...