Commodities

Chevron beat Exxon in a $53B oil deal: what happened behind closed doors?
July 19, 2025 12:39 AM AEST| By InvezzWhen Chevron finally clinched its $53 billion takeover of Hess, it wasn’t just another blockbuster deal in the oil industry. It came at the end of a high-stakes arbitration clash with ExxonMobil, one that unfolded mostly behind closed doors and raise...

Asian refiners boost Kazakhstan CPC Blend purchases amid Mediterranean oversupply
July 18, 2025 07:35 PM AEST| By InvezzKazakhstan CPC Blend crude is seeing increased purchases by Asian refiners for August loadings compared to July. The rise in purchases is attributed to lower European demand, which has driven down prices, according to a Reuters report. Conseque...

BHP’s Jansen potash project faces $1.7B cost overrun and delays
July 18, 2025 04:44 PM AEST| By InvezzBHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion. This disclosure on Friday underscores the complexiti...

Global upstream M&A plunges 34% in first half of 2025
July 18, 2025 03:14 PM AEST| By InvezzGlobal upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024, according to Rystad Energy. “The slowdown is due mainl...

Russia’s wheat harvest halves amid slow pace and low yields
July 17, 2025 06:10 PM AEST| By InvezzRussia’s wheat harvest has plummeted to half of last year’s output, according to SovEcon, raising concerns about global grain supplies. Russia’s wheat harvest has seen a significant decline this year, with only 11.0 million metric t...

Gold rally stalls: awaiting new catalyst amid geopolitical tensions
July 17, 2025 04:19 PM AEST| By InvezzThe gold rally, having reached a record high above $3,500 per ounce in April, has since stalled and requires a new catalyst to drive further gains. Despite recent sluggishness, the price of the precious metal has risen by approximately 28% this year....

Canada signals openness to softwood lumber export limits amid US trade tensions
July 17, 2025 03:38 AM AEST| By InvezzCanada is indicating a possible policy shift in one of its longest-running trade battles with the United States. British Columbia Premier David Eby stated that Canada may consider limiting its softwood lumber shipments to the United States, which wou...

Tether eyes LATAM commodity trade with strategic $600M Adecoagro acquisition
July 17, 2025 01:15 AM AEST| By InvezzTether, the largest digital asset company and USDT issuer globally, signals a significant entry into the Latin American commodity markets with the $600 million purchase of a controlling stake in regional agribusiness leader Adecoagro. According to Re...

Why Australia’s green steel ambitions face reality check from BHP
July 16, 2025 04:01 PM AEST| By InvezzBHP, a major mining company, has stated that establishing a “green iron” industry in Australia is cost-prohibitive, Reuters said in a report. BHP’s declaration comes after Australia and China reached an agreement this week to collaborate...

MP Materials shares pop 18% after $500M deal with Apple
July 16, 2025 12:06 AM AEST| By InvezzMP Materials shares gained 18% on Tuesday morning after the company signed a $500 million deal with Apple Inc. The deal will secure a domestic supply of neodymium magnets, which are critical for the iPhone maker’s products. The agreement, annou...

Waning appetite for coal: China’s production surges, imports decline
July 15, 2025 10:30 PM AEST| By InvezzChina’s appetite for coal is waning as imports fall sharply in recent months. While most energy imports, including crude oil and natural gas, saw an increase after recent year-on-year declines, coal imports presented a different trend in June.&...

Donald Trump’s 30% tariff threat prompts EU countermeasures
July 15, 2025 09:33 PM AEST| By InvezzShould trade negotiations with Washington falter, the European Commission is considering imposing tariffs on $84.1 billion (72 billion euros) worth of US products. These goods include a range of items, from Boeing aircraft and bourbon whiskey t...

China’s June oil refining output rebounds to strongest level since September 2023
July 15, 2025 05:23 PM AEST| By InvezzChina’s oil refining output surged in June to its strongest level in nearly two years, as processing plants roared back to life after seasonal maintenance to take advantage of significantly better profit margins for fuels like diesel. This rebo...

Middle East set to overtake Asia to become second-largest gas producer by 2025
July 15, 2025 04:10 PM AEST| By InvezzThe Middle East is poised to overtake Asia as the world’s second-largest gas producer by 2025, trailing only North America, according to new research from Rystad Energy. Since 2020, gas production in the Middle East has increased by approximate...

US tariffs on Brazilian coffee: what it means?
July 14, 2025 04:37 PM AEST| By InvezzCoffee prices are expected to surge as US President Trump announced a 50% tariff on all imports from Brazil, the world’s leading coffee producer. The tariffs are slated to begin on August 1 unless the decision is reversed. Brazil stands a...

Platinum surges to 11-year high powered by supply deficits and industrial demand
July 12, 2025 10:30 PM AEST| By InvezzPlatinum has emerged as the best-performing precious metal in 2025, surging 47% year-to-date and posting a remarkable 10% gain over the past week. On July 11, 2025, the metal traded between $1,415 and $1,456.54 per ounce, marking an 11-year high and...

Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros
July 12, 2025 08:00 PM AEST| By InvezzShares of Starbucks and other major US coffee retailers could face higher costs after the Trump administration proposed a sweeping 50% tariff on all imports from Brazil — the world’s largest coffee exporter. The policy, set to take effect on August 1...

China’s Iranian oil imports near record highs as traders circumvent sanctions
July 11, 2025 07:01 PM AEST| By InvezzChina’s import of Iranian crude oil continued to rise last month as shipments were close to the record highs touched in March, Vortexa said. In June, China’s seaborne crude imports increased by 11% month-over-month and 6% year-over-year, reachi...

Saudi Arabia boosts China oil exports to over 2-year high in August, Sinopec ramps up intake
July 11, 2025 03:26 PM AEST| By InvezzIn August, Saudi Arabia is poised to increase its crude oil exports to China, reaching their highest level in over two years. The move by Saudi Arabia reflected the top exporter’s strategy to reclaim market share in the world’s larg...

Gold to remain supported as economic uncertainty, high tariffs persist, says Metals Focus
July 11, 2025 03:10 PM AEST| By InvezzBroad investor optimism and a one-month delay in US import tariffs are keeping gold prices around $3,300 an ounce. Although shifting investor sentiment could continue to weigh on gold, Metals Focus expects prices to remain well supported through the...