Analysis: Commodities

US natgas prices fell 3% on forecasts for lower demand, higher output

U.S. natural gas futures fell about 3% on Thursday on lowered demand forecasts for the next two weeks, expectations supplies will soon rise once the Mountain Valley gas pipeline enters service, and...

China's vast copper overhang will clear, one way or another: Russell

The massive overhang of copper in China is starting to work its way through the global market dynamics for the industrial metal, with prices easing and trade flows likely to adjust. ...

Global nickel prices have probably hit a floor, says Macquarie

Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after...

From northwest to east China, parched regions face drought

BEIJING -Weeks of scarce rainfall in parts of China, coupled with sweltering heat, has brought drought to several provinces, prompting alerts and actions from authorities to minimise the impact on...

China's vast copper overhang will clear, one way or another: Russell

The massive overhang of copper in China is starting to work its way through the global market dynamics for the industrial metal, with prices easing and trade flows likely to adjust. ...

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...

Gold rush to endure through 2024 though $3,000 mark may prove elusive

Gold's lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks...

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...

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. ...