Commodities

Which US sectors are most at risk from China’s new tariffs?

China’s decision to impose a 34% tariff on all goods imported from the United States is a direct retaliation against President Donald Trump’s tariffs on Chinese goods.  This escalation of the trade war between the world’s two l...

Oil prices sink to over 4-year low on tariffs concerns; OPEC+ in a pickle?

Oil prices fell to their lowest levels in over four years on Friday after China imposed retaliatory tariffs in response to US trade measures earlier in the week. In a significant escalation of the ongoing trade war, China has announced its decision t...

Short XAUCHF: bearish breakout below rising channel, strong CHF demand and hawkish fed weigh on gold

BP chairman Helge Lund out as green energy strategy collapses

The chairman of BP, Helge Lund, is set to step down, marking the end of an era defined by the company’s ambitious but ultimately unsuccessful foray into green energy. The oil giant announced on Friday that Lund would be relinquishing his role &...

Goldman Sachs lowers oil price outlook on supply glut and recession concerns

Goldman Sachs has revised its forecast for Brent crude oil’s average price for the year, lowering it by 5.5% to $69 per barrel.  Similarly, the forecast for West Texas Intermediate crude oil prices has been reduced by 4.3% to $66 per barre...

Oil prices plunge over 6% as OPEC surprises markets with May production hike

Oil prices slumped more than 6% on Thursday after the Organization of the Petroleum Exporting Countries stunned the market with their production increase plan for May.  Eight members of the OPEC+ alliance in a ministerial meeting on Thursday dec...

India boosts Russian oil imports in March; Venezuelan barrels likely to be replaced easily

India’s oil imports from Russia increased on a month-on-month basis in March, even as the threat of the US imposing sanctions on buyers of Russian crude loomed large. India’s crude oil imports are estimated at around 1.6 million barrels per day for b...

Short Gold: rising channel holds, but selling pressure may lead to breakdown below key support levels

Gold eases off record levels, but market optimism remains strong

Gold prices retreated from fresh record highs on Thursday, but experts see downside limited in the yellow metal.  The most-active gold contract on COMEX climbed to nearly $3,200 per ounce earlier in the day. However, prices have since then pulle...

Brazil loses $1.76 billion annually to soybean seed piracy

A new study conducted by CropLife Brasil and agribusiness consultant Celeres Consultoria discovered that soybean seed theft costs Brazil a whopping 10 billion reais (roughly $1.76 billion) per year. The situation has an influence not just on the coun...

Russian wheat prices climb as export demand surges amid tight supply

SovEcon reported that bids for 12.5% wheat in Russian deep-sea ports increased to 17,600-18,000 rubles per metric ton last week, compared to 17,300-17,800 rubles per metric ton the previous week. The upward shift in prices marked the first positive c...

Tin, copper, and not gold, lead commodity charts so far in 2025

Tin prices have been surging, and surprisingly, the returns have been better than even gold so far in 2025. “The first quarter is already over and, somewhat surprisingly, it is not gold but tin that leads the performance comparison of the most import...

Japan is lending $666 million to Chile’s Codelco for copper supply: here’s why

Chile’s state-owned copper giant Codelco has secured a major financial deal, reinforcing its position as the world’s largest copper producer. The company has received a $466 million loan from the Japan Bank for International Cooperation (JBIC), along...

Long WTI: uptrend strengthens as demand rises, eyeing resistance for potential breakout continuation

Shell offloads Singapore refinery to Chandra Asri-Glencore joint venture

Shell plc has successfully finalised the sale of its Singapore refinery and associated refining assets to a joint venture formed by Chandra Asri and Glencore, according to a Reuters report. This transaction marks a significant shift in ownership for...

S&P 500 recoups losses, Dow rises as volatile March ends; Newsmax surges, Moderna tanks

Investors were nervous about US President Donald Trump’s tariff plans, which caused the S&P 500 to fall on Monday and enter correction territory.  However, the index recovered its losses from earlier in the day and was trading flat. At...

Oil prices surge to 5-week high on tariff threat as US crude production hits 11-month low in January

US crude oil production experienced a significant decline in January, falling by 305,000 barrels per day to reach 13.15 million barrels per day, according to the Energy Information Administration.  This represents the lowest production level obs...

Why India’s steel industry faces pressure from EU’s carbon regulations

In 2025, the Indian steel sector, globally ranked second, encounters a significant hurdle as the European Union strengthens its environmental regulations and emphasises carbon neutrality. India’s position in the global steel market may be jeopa...

Argentina’s soybean sales plunge to decade low due to currency fears

In a stunning pattern highlighting the issues confronting the agricultural industry, Argentine farmers are selling their soybean crop at the slowest rate in ten years. Argentina, the world’s top supplier of soybean oil and meal, is cautious, mo...

Colombia’s Ecopetrol reports $4.1B profit drop as shareholders weigh dividends

In early March, Ecopetrol, Colombia’s largest oil company, released its consolidated financial report for the previous year, revealing a significant 21.7% decrease in its earnings. According to local media outlet La Republica, this decline tran...