Commodities

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...

Why closing the Strait of Hormuz is a double-edged sword for Iran?

The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at the centre of attention on Monday.  Oil and LNG markets face significantly increased supply risks following the weekend bombing of I...

A war markets weren’t ready for: what US strikes on Iran mean for the global economy

It’s official. The United States has bombed Iran’s nuclear enrichment sites, opening a volatile new chapter in a conflict that markets were hoping would stay regional.  After months of escalating proxy warfare between Israel and Iran, Donald Tru...

Gold price forecast by Goldman Sachs, Citi, Morgan Stanley, UBS

Gold price moved sideways and remained at a crucial support level even as geopolitical risks rose. XAU was trading at $3,363 today, June 23, a few points lower than the year-to-date high of $3,440. It has jumped by almost 30% this year and formed a r...

Platinum prices retreat from decade-high levels

Platinum prices retreat from decade-high levels amid geopolitical tensions and Fed policy. Get the latest commodities news and analysis on gold, silver, oil.

Brent crude oil price forecast as Trump bombs Iran

Brent crude oil price is set to jump sharply when the market opens later today after Donald Trump launched a bombing campaign in Iran. It ended the week at $77, up by 31% above the lowest point in May.  Similarly, the West Texas Intermediate (WT...

Atlantic Basin gasoline market faces oversupply as demand weakens

Seaborne loadings of gasoline and blending components in the Atlantic Basin are experiencing rapid growth. The brief period in May, when strong gasoline margins supported a transatlantic pull, has ended, Vortexa said in its latest report. This shift...

Long Gold: price rebounds within ascending channel, supporting bullish continuation toward $3,400

Japan’s rice price surge: what’s driving it and why it could spark a political crisis

Japan’s rice prices are facing their most severe shock in more than half a century, with costs more than doubling over the past year. The crisis is exposing structural flaws in the agricultural system and fueling voter unrest ahead of key elect...

Why geopolitical spikes barely budge oil prices?

Oil prices are under focus for a while now. Brent crude prices initially surged by $8 per barrel, following Israel’s strikes on Iran last week, but this increase quickly settled around $5 per barrel. There are risks of Israel further targeting...

China’s rare earth magnet exports tumble amid new restrictions and classification chaos

Citing export curbs, China’s overseas shipments of rare earth magnets plummeted in May, falling to their lowest levels in over five years and halving from April’s figures. Beijing said this month that it would speed up its approval proces...

Russia urges OPEC+ to proceed with oil output hikes amid rising summer demand

On Thursday, Russia’s chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an anticipated rise in summer demand. “To ensure and balance it, we need to return to the market part...

Resilient Iran maintains oil exports through “shadow fleet” amid conflict

To sustain its vital oil revenue amid Israeli attacks, Iran is reportedly maintaining crude oil supplies by loading tankers individually and repositioning its floating oil storage closer to China, according to a Reuters report. Last week’s conf...

What to expect from oil prices if US proceeds with military action in Iran?

The Israel-Iran conflict is once again casting a shadow over global energy markets, as the possibility of US military action against Iran looms large. According to JPMorgan, direct military involvement of the US that leads to regime change in Iran, a...

Chevron to sell 50% stake in Singapore refinery, eyes Asia asset divestment

US oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC).  This also includes bids from its joint venture partner PetroChina, Reuters reported on Thursday.  Chevron is exploring the...

Equinor and Gwynt Glas secure leases to power Britain with offshore wind

The Crown Estate announced on Thursday that Equinor and Gwynt Glas have secured seabed leases. These leases will allow them to construct floating wind farms in the Celtic Sea, off the coasts of Wales and South West England. The Crown Estate, serving...

Nippon Steel CEO says US golden share in US Steel won’t limit management freedom

Nippon Steel’s CEO stated on Thursday that the US government’s golden share in US Steel will not impede the Japanese steelmaker from taking any management actions it deems appropriate. Confirming the agreement to grant the US government u...

Here’s why platinum price is surging and why a pullback is possible

Platinum price jumped for three consecutive weeks, reaching a high of $1,348, its highest point since September 2014, and 138% above the lowest point in 2021. This article explores why the platinum price has surged and what to expect in the coming we...

Mideast tensions fails to provide gold sustained boost; what’s next?

Gold prices fell on Wednesday as tensions in the Middle East failed to provide a sustained boost to the precious metal.  Gold prices initially rose at the week’s open due to Middle East developments, but the metal was unable to sustain gai...