Commodities

Donald Trump’s tariff deadline looms as India-US trade deal faces hurdles

Disagreements on import duties for auto components, steel, and farm goods have stalled trade talks between India and the US. The disagreements jeopardise hopes for a deal before US President Donald Trump’s July 9 deadline for reciprocal tariffs...

Australia sues China-linked firm over rare earths stake breach

Australia has launched a landmark legal action against a China-linked company and a former associate for allegedly breaching its foreign investment laws, in a case centred on a strategic rare earths producer, Northern Minerals (ASX: NTU). The Federal...

Why US shale oil production is likely to see no upside this year?

US shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid $60 per barrel.  The accelerating unwinding of production cuts by the Organization of the Petroleum Exporting Countries...

Indonesia downplays US exit from coal transition partnership deal

Indonesia’s top official for an international initiative stated on Thursday that the US’ withdrawal from a collaborative effort aimed at assisting developing nations in transitioning away from coal will have a minimal effect on Indonesia,...

Analysis: Strait of Hormuz transit steady, but freight rates could keep rising

Transit levels through the Strait of Hormuz have been closely tracked since June 13 and remain within normal ranges, according to Vortexa. “Transits for the week ending June 22 were robust, 4% above the 2024 average and slightly higher than the weekl...

Silver price analysis amid rising demand outlook

Silver price is in consolidation mode after the profit-taking mood that marked the start of the week. Uncertainties had bolstered the precious metal to a fresh 13-year high of $37.24 in the past week. However, the Israel-Iran ceasefire has improved r...

Global wheat prices face downward pressures as recovery stalled

It seems the recovery in wheat prices in the US is already exhausted. Wheat prices on the Chicago Board of Trade (CBOT) soared to a four-month high of nearly 600 US cents per bushel last week before paring some of those gains at this week’s ope...

Oil prices may fall further if Iran-Israel ceasefire holds as risk premiums vanish

Oil prices are expected to fall further if the ceasefire between Iran and Israel holds, according to experts.  Things took a dramatic turn on Tuesday after US President Donald Trump announced a ceasefire and expressed his desire to maintain the...

MCX shares hit record high as UBS sees more upside

Shares of Multi Commodity Exchange of India Ltd. (MCX) soared more than 6% on Wednesday to touch a record high of ₹8,731 per share after global brokerage UBS reiterated its bullish stance and raised its price target to ₹10,000 — the most optimistic a...

UK climate targets at risk as high electricity prices stall progress, warn advisers

To achieve its ambitious climate targets, Britain needs to significantly lower its electricity prices, according to a recent progress report from the nation’s climate advisers.  This strategic move is deemed crucial for accelerating the wi...

Russian wheat export prices poised for further decline amid new harvest influx

In June, Russian exporters initiated the bidding process for their new wheat crop, setting a price of 14,500 rubles per ton, SovEcon, a prominent analytical agency focusing on agricultural markets in the Black Sea region said. This figure, when conve...

Short Gold: sellers dominate after channel breakdown, price targets $3,200 zone with bearish bias intact

Russia seeks solutions for natural gas surplus amid falling European exports

Government officials and company managers stated that Russia, possessing the world’s largest natural gas reserves, is seeking solutions for its gas surplus, Reuters reported on Tuesday. This comes as gas exports to Europe continue to fall, prom...

EU metal producers push for export curbs on scraps amid US demand surge

Metal producers within the European Union are urging the bloc to implement export duties or restrictions on scrap metal shipments.  This push, expected “in the next few weeks,” aims to counteract a significant rise in exports to the...

Asia’s energy security under threat as Middle East tensions drive up LNG prices

Recent hostilities in the Middle East with Iran and Israel trading strikes, and the US joining the latter in carrying out strikes on Iranian nuclear sites have raised as much concern about supply disruptions of liquefied natural gas as oil.  Fac...

Is the Iran-Israel ceasefire real or Trump’s dream? What happened and what’s next

The war between Israel and Iran lasted just under two weeks. Then, without warning, US President Donald Trump got on social media and said it was over. He called it a “Complete and Total Ceasefire.”  The missiles stopped flying, for...

Why gold shines as a portfolio diversifier?

Middle East geopolitical uncertainty has significantly escalated. This follows a US missile attack on Iranian nuclear facilities, which Iran retaliated against with a missile attack on an American airbase in Qatar late on Monday. Meanwhile, gold pric...

Interview: Venezuela’s oil outlook amid Hormuz tensions: economist Aldo Contreras weighs in

Following US raids on Iranian nuclear sites, concerns about the Strait of Hormuz’s closure have grown. Over 20% of the world’s oil passes through this important chokepoint; thus, any disruption might have global consequences. In an interv...

From green energy to AI: UK’s ambitious 10-year industrial plan

Starting in 2027, Britain plans to reduce electricity costs for thousands of businesses. This is a central component of its industrial strategy for the upcoming decade, unveiled on Monday. The UK Government’s foremost objective is to achieve ro...

Shipping disruption in Gulf: tankers reduce transit time amid regional tensions

Following US military strikes on Iran, at least two supertankers executed U-turns at the Strait of Hormuz.  Shiptracking data reveals that over a week of regional violence has led vessels to speed up, pause, or change their routes, according to...