Analysis: Commodities

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to...

US March LNG exports flat as Freeport plant woes continue

U.S. exports of liquefied natural gas fell slightly in March to 7.61 million metric tons from 7.73 MT in February as production of the superchilled gas from the country's second largest...

Poland, Ukraine hail progress in food import talks, but deal remains elusive

Poland and Ukraine are close to an agreement on agricultural imports, the Polish prime minister said on Thursday, after intergovernmental talks in Warsaw failed to resolve an issue that has triggered...

Commodities Overview: Geopolitical tensions continue to support oil

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

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players...

Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Speculators last week covered short positions in Chicago-traded grains and oilseeds for a second consecutive week as futures continued climbing off recent multi-year lows. The collective...

US natgas prices ease 1% to three-week low on mild forecasts

U.S. natural gas futures eased about 1% to a three-week low on Friday on forecasts for milder weather over the next two weeks than previously expected, ample gas in storage and expectations gas flows...

China energy regulator expects power output to rise 5.3% this year

China's power generation is expected to reach 9.96 trillion kilowatt hours in 2024, according to the country's energy regulator, implying a growth rate of 5.3% on the basis of statistics bureau...

Oil traders expect stocks to fall significantly after OPEC extends cuts: Kemp

Global petroleum inventories are only slightly below the long-term seasonal average but futures prices have already moved into a steep backwardation as traders anticipate they will deplete...

Brazil heading to rare sequence of rising coffee crops

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world's largest grower and exporter of...

Australian will export more live cattle and beef in 2024, USDA says

Australia's exports of live cattle are likely to rise by more than one-third this year, and beef shipments should increase by 9% as the end of a herd rebuild boosts supply, the U.S. Department of...

Platinum metals face structural hit to demand from electric vehicle revolution

In the usual way of things, platinum and palladium should be turning higher after a slide from recent peaks drove supply deficits, job cuts and looming mine closures in top producer South Africa. That...

WTI : Russia, China's leading oil supplier

Russia remained China's main oil supplier in the first two months of the year, according to data released on Wednesday, as Saudi supply cuts continue. Chinese imports from Russia , rose by 13% on the...

China coal industry group expects output growth to slow in 2024

China's coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9% growth. ...

China, decarbonisation present Australia's iron ore miners with costly choices: Russell

Australia's vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world's...

Indices: Is the gold craze contagious?

Gold is continuing the rally it began in the autumn, reaching an all-time high of $2,195 an ounce in early March. Is the health of the yellow metal palpable in gold stocks, dedicated indices and...

Commodities Overview: Oil makes a comeback, so do industrial metals

Every week, the commodities Overview provides you with a review of the latest developments on the commodities markets, so that you can better understand the variations in the prices of energy, metals...

CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

Argentina is in a very bad political situation, but is on the right path to encourage energy investment and remove its fiscal imbalances if a package of reforms proposed by President Javier Milei...

US natgas prices up 3% to 1-week high on colder forecasts, lower output

U.S. natural gas futures climbed about 3% to a one-week high on Tuesday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected. Energy traders...