Commodities

Oil slips on US growth worries, ample crude supply

Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks...

Wheat sags on uncertain demand outlook; corn firm, soy sags

CHICAGO, June 12 - U.S. wheat futures fell...

Citigroup Analysts Paint Bearish Picture for Global Crude Oil Prices -- OPIS

Citigroup's global commodities team on Wednesday said crude oil has missed out on what has been a spectacular year for some commodities and has been mostly range bound with volatility at about 10 year...

Oil demand set to peak by 2029, major supply glut looms, IEA says

Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency said on Wednesday, while oil supply capacity is due to vastly outpace demand by the end of the...

IEA SAYS NON-OPEC+ PRODUCERS LED BY UNITED STATES WILL MAKE UP T…

IEA SAYS NON-OPEC+ PRODUCERS LED BY UNITED STATES WILL MAKE UP THREE-QUARTERS OF PRODUCTION CAPACITY INCREASE TO 2030 ...

Australian farm confidence falls after lack of rain in some regions, survey shows

Rising input costs and dry weather in parts of Australia during the winter crop planting season have reduced confidence levels among farmers, a quarterly survey by Rabobank published on Wednesday...

Commodities Overview: Backlash on industrial metals

Every week, the commodities overview gives you the opportunity to review the latest developments on the commodities markets, and to gain a better understanding of the price variations in energy,...

Morgan Stanley Sees Summer Recovery for Brent But Supply Peril Into 2025 -- OPIS

Commodity analysts at Morgan Stanley told clients Monday that they expect Brent crude prices to rise by close to $5/bbl this summer but warned that a trend toward tightening supply in the next three...

Market: Goldman Sachs sees Brent rising to $86

Goldman Sachs expects the price of a barrel of Brent crude to climb back to $86 in the third quarter, on the back of robust consumption and solid demand for transport and air conditioning.In a note...

China's commodity imports are soft, even those that look strong: Russell

China's imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were deceptive and largely driven by factors other...

Goldman expects summer demand to lift Brent crude to $86/bbl in Q3

A healthy growth in consumer spending and solid summer demand will push the oil market to a 1.3 million barrels per day deficit in the third quarter and lift benchmark Brent prices to $86 a barrel,...

China's commodity imports are soft, even those that look strong: Russell

China's imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were deceptive and largely driven by factors other...

US manufacturers in halting recovery but diesel use tepid: Kemp

U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing...

US oil and gas production show signs of flattening: Kemp

U.S. oil and gas production are finally showing signs of flattening out as drilling rigs and well completion crews have been idled in response to the retreat in prices since the middle of 2022. ...

Copper markets assessed with a much-needed lens of objectivity

LATESTIn recent months, there has been a dash for copper and related miners. Th reasons for this euphoria range from better macros to renewed M&A activity. However, amid all this frenzy, there are...

Gold Price Set to Hit Fresh High in Second Half of Year, New Report Says

By Joe Hoppe Gold is likely to hit a new all-time high in the second half of the year, on supportive central bank demand, geopolitical concerns and investor fears of missing out, according to a...

Saudi says OPEC+ can pause or reverse oil output boost, criticizes Goldman Sachs

OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister said on Thursday, adding he disagreed with the bearish view of U.S. bank Goldman Sachs of OPEC+'s...

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...