Commodities

Next wave of LNG supply delayed to 2027 due to project hold-ups, TotalEnergies says

SINGAPORE -The next wave of liquefied natural gas supply will come online from 2027, later than the earlier forecast of 2025, due to project delays, TotalEnergies' Senior Vice President for LNG...

Gold's allure spreads as bulls lock in on fresh records

Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and...

Oil Prices Will Need to Be Weaker in 2025: BBO's Blas

Crude oil's volatile month continues, with traders balancing risks to flows from the Middle East against signs of soft demand in China. Bloomberg Opinion columnist Javier Blas says 2025 will bring...

IEA Energy Agency: Global Oil Demand Weakness May Continue

International Energy Agency executive director Fatih Birol discusses the outlook for oil and gas markets. Crude has had a volatile month as traders balance risks to flows from the Middle East,...

Gold hits fresh high in record-setting rally amid global uncertainties

Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver...

Floods destroy 1.1 million tons of rice in Bangladesh

Floods in Bangladesh have destroyed an estimated 1.1 million metric tons of rice, according to data from the agriculture ministry, prompting the country to ramp up imports of the staple grain amid...

Shanghai frenzy fuels alumina's record-breaking rally: Andy Home

LONDON -Alumina prices have soared to record highs this week, compressing margins at the world's aluminium smelters which convert the intermediate product into metal.  The London Metal...

Record prices dull India demand ahead of key festival

Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed. In...

Safe-haven gold breaks $2,700/oz level as uncertainty looms

Gold breached the $2,700-per-ounce level on Friday for the first time ever, as U.S. election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy...

India raises wheat purchase price by 6.6% to boost output

India has raised the price at which it will buy new-season wheat from domestic farmers by 150 rupees or 6.6% to encourage growers to expand acreage and remove the need for imports in the world's...

Gold ticks up as Treasury yields slip; US retail sales data in focus

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is...

Commodities overview: Geopolitics or fundamentals, who will have the last word?

Every week, we review the latest news on the commodities markets, to better understand the variations in the prices of energy, metals and agricultural commodities. On today's menu: oil, which remains...

Gold prices flat as investors await fresh impetus

Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve's stance on U.S. interest rate reductions for further direction on bullion prices. Spot gold held its...

Central banks remain keen buyers of gold, representatives tell bullion conference

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual...

Hundreds march against Ghana's damaging informal gold mining boom

Hundreds of people marched through Ghana's capital Accra on Friday in a peaceful protest against unlicensed gold mining, calling on authorities to act against the dangerous and environmentally...

India prices at premium after two months as festive season draws buyers

Physical gold dealers in India charged premiums for the first time in two months this week as the upcoming festival season attracted some jewellery buying, while weak consumer sentiment dampened...

Zimbabwean miners expect profits to fall in 2025, report says

Zimbabwean miners expect profits to decline on the back of anticipated high costs of production and a weak outlook for platinum and lithium in 2025, according to a report. A confluence...

Gold ticks up, US inflation data in focus

Gold prices nudged higher on Thursday, while traders await a key U.S. inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance. Spot gold rose...

Exclusive-Algeria bars France from wheat import tender as relations sour, sources say

Algeria excluded French companies from a wheat import tender this week and required that participating firms did not offer French-origin wheat, in apparent fallout from renewed diplomatic tensions...