Commodities markets — oil, gold, agricultural goods, and the forces driving raw material prices.
Saudi Arabia says it intercepted missiles and drones from Iran-backed Houthis
Saudi Arabia's military intercepted multiple missiles and drones launched by Iran-backed Houthi rebels targeting the kingdom's infrastructure, the Sau…
How Ukraine’s drone strikes on Russia crippled the world’s second largest diesel supplier
Ukraine's sustained drone campaign against Russian oil refineries has created a meaningful supply shock in global diesel markets, lifting prices at a …
Britain Is Said to Approve New Gas Drilling in the North Sea
Britain's government has approved a new natural gas drilling project in the North Sea, marking a significant reversal of its earlier environmental sta…
Google says it can build data centers the right way. Some experts and residents are skeptical
Google is moving forward with a massive artificial intelligence data center project in Minnesota, claiming the facility will operate cleanly and prote…
Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
Oil prices surged Friday as geopolitical tensions intensified across two critical supply corridors. Brent crude approached $110 per barrel, driven by …
Oil falls as investors assess Mideast tensions, International Energy Agency's report
Oil prices declined Thursday as market participants balanced geopolitical risks against supply assessments from the International Energy Agency. Brent…
Energy Department Order Takes Aim at Mid-Atlantic Blackout Risk
The U.S. Department of Energy issued an emergency order Thursday allowing mid-Atlantic grid operators to deploy backup generation capacity as a precau…
Container ship sinks in Strait of Hormuz as Iran steps up attacks
Iran's maritime assault on commercial vessels in the Strait of Hormuz enters a dangerous new phase with the sinking of a container ship, marking an in…
Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia
Crude oil prices climbed on renewed concerns that geopolitical tensions between Iran-backed Houthi militants and Saudi Arabia could disrupt global ene…
Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
Donald Trump announced that Taiwan agreed to purchase 30 percent of liquefied natural gas from an Alaska LNG development project, marking a significan…
War Collides With Saudi Ambition at a Gathering of Oil Powers
Oil industry executives and government officials gathered in Riyadh this week for the World Petroleum Council Energy Congress amid escalating Middle E…
Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
Oil prices declined Tuesday as market participants weighed two competing narratives. Russian diesel shipments potentially entering global markets comp…
Strikes Put Saudi Arabia’s Economy Under Pressure
Saudi Arabia faces mounting economic headwinds as attacks on critical infrastructure threaten the kingdom's oil output and tourism ambitions. The Hou…
Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine
Oil prices retreated sharply after Donald Trump declared an "energy ceasefire" between Russia and Ukraine, signaling potential de-escalation in the co…
Why China is importing a record amount of gold — and what it means for prices
China's central bank and private investors have orchestrated a historic reshuffling of wealth into gold, signaling a structural shift in how Beijing m…
Hurricane Isaias disrupts U.S. oil production in Gulf of Mexico, threatens refineries
Hurricane Isaias intensified disruption in U.S. oil production Tuesday, forcing operators to shut down platforms across the Gulf of Mexico and raising…
Oil prices jump as Iran steps up tanker attacks, hurricane threatens U.S. Gulf production
Oil prices surged Tuesday on twin supply concerns. Geopolitical tensions in the Persian Gulf escalated after Iran intensified attacks on commercial sh…
Oil gains as Middle East hostilities, potential escalation stoke supply worries
Crude oil prices climbed Tuesday as escalating Middle East tensions and renewed U.S. military posturing toward Iran reignited supply disruption concer…
Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
Oil prices climbed Wednesday as geopolitical tensions in the Middle East overshadowed improved crude supply flows from the region. Houthi attacks on S…
Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
Oil tanker attacks near the Strait of Hormuz escalated sharply over the past month, with nearly 20 commercial vessels targeted in what analysts warn r…
Russian gold floods Hong Kong as Western sanctions redraw bullion trade
Russia's gold supply chains have fundamentally restructured since 2022. Western sanctions following the Ukraine invasion forced Russian producers offl…
Trump Allows Cheaper, Dyed Diesel to Be Used in Nonfarm Vehicles
President Trump signed an executive order in Nebraska that permits cheaper, dyed diesel fuel to be used in nonfarm vehicles, sidestepping federal high…
G7 nations to release diesel stocks as wars in Europe and Middle East constrain fuel supplies
G7 nations are releasing strategic diesel reserves to combat acute supply shortages fueling price spikes across Europe. The action responds to dual re…
U.S. and Allies Agree to Release Diesel Reserves as Prices Soar
The Group of 7 nations has coordinated a release of 100 million barrels of diesel reserves over the next four months, a move aimed at tempering soarin…
Trump 'thinking about' diesel export ban, but says it could have 'negative impact' on gasoline
Donald Trump signaled openness to restricting diesel exports from the United States, though he acknowledged the policy would carry economic costs. The…
Tankers Are Loading Oil Again From a Vital Saudi Pipeline
Saudi Arabia's critical East-West Pipeline returned to operation this month following repairs from drone damage inflicted by an Iranian-backed Iraqi m…
Brent gains 2.7% as Trump rejects Iranian proposal to reopen Hormuz Strait
Oil markets rallied sharply on Monday as geopolitical tensions around the Strait of Hormuz escalated following Iran's conditional offer to reopen the …
Supply glut, lab-grown alternatives: What's behind the fall of diamond prices to record lows
# Diamond Prices Hit Record Lows as Supply Surge and Lab-Grown Alternatives Reshape Market Diamond prices have collapsed to record lows, forcing a re…
ICE Raids in Beef Country Raise Fears of Higher Prices
Immigration enforcement actions across America's cattle heartland are creating supply chain disruptions that threaten to push beef prices higher for c…
Iran offers to reopen Strait of Hormuz within 7 days and restart nuclear talks
Iran has signaled willingness to reopen the Strait of Hormuz within seven days and restart nuclear negotiations, a dramatic shift in diplomatic postur…
Oil falls amid optimism over potential diplomatic solution to the Iran conflict
Crude oil prices retreated Friday after reports surfaced that U.S. and Iranian negotiators are exploring a phased diplomatic agreement to resolve esca…
Big business warns Trump against diesel export ban in joint letter
Major U.S. corporations have mounted a coordinated push against a proposed diesel export ban, citing threats to fuel costs and supply chains already s…
Oil falls on report Asia will import highest volume of crude since start of Iran war
Oil prices retreated Thursday after data indicated Asian crude imports are reaching their highest levels since the US-Iran conflict began, signaling s…
Oil falls after U.S. and Iran talk for hours at UN meeting
Oil prices declined Wednesday following extended diplomatic discussions between Iran and the United States at a United Nations meeting, signaling mark…
Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning
U.S. Treasury Secretary Scott Bessent announced that all Iranian airlines will be shut down starting Wednesday, triggering a sharp rise in oil prices …
Oil falls as crude flows remain 'surprisingly strong'
Oil prices declined Monday as market participants assessed conflicting signals about global supply dynamics. Crude shipments from the Middle East, par…
Flames reported near Saudi capital airport as Pakistan presses Iran over energy supplies
Saudi Arabia's King Fahd International Airport, the primary aviation hub serving the capital Riyadh, reported smoke and flames following civil-defense…
Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
Oil prices retreated Friday as markets shifted focus from recent Houthi drone strikes to expectations that Saudi Arabia will boost crude production, e…
How record diesel prices will rip through the U.S. economy. Trucks and rails are only the start
Record diesel prices are creating shockwaves through the U.S. economy that extend far beyond trucking and freight rail. The spike hammers companies wi…
China Stockpiled Oil, and Now It Could Dominate the Energy Landscape
China's massive oil reserves have repositioned it as a dominant force in global energy markets, with implications that extend far beyond Beijing's bor…
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
U.S. crude oil prices dropped Wednesday after data showed American oil inventories climbed unexpectedly, drowning out concerns about a critical Saudi …
Saudi pipeline closure is a brief interruption that will last days, U.S. Energy Secretary tells CNBC
Saudi Arabia's temporary closure of its East-West pipeline following a drone attack from Iraq will cause only a brief market disruption lasting days r…
Oil extends gains following Houthi strikes on Saudi Arabia
Crude oil prices pushed higher Tuesday on escalating geopolitical tensions in the Middle East. Reports of Houthi drone and missile strikes on Saudi Ar…
What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The diesel market faces upward pressure from two overlapping geopolitical conflicts that threaten global fuel supply chains. President Trump attribute…
Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall
Donald Trump raised the prospect of the United States seizing Iranian oil reserves and managing them similarly to how the country has handled Venezuel…
Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes, the Houston-based oilfield services and equipment giant, is reporting robust demand across its business lines despite elevated interest …
Oil Prices Jump on Energy Supply Worries
Oil prices surged today after a drone strike damaged a critical pipeline in Saudi Arabia, intensifying fears that Persian Gulf energy supplies will ti…
Oil's roundtrip back to $100. Why China could determine what happens next
U.S. crude oil rallied to $102 per barrel on Thursday, marking its strongest close since May and testing the $100 threshold that traders have watched …
Trump sees Iran war ending soon after mid-term elections, predicts oil prices will then fall sharply
Former President Donald Trump signaled confidence that a conflict involving Iran could wind down following midterm elections, projecting that crude oi…
Saudi Arabia shut down East-West crude oil pipeline after multiple attacks by drones from Iraq
Saudi Arabia closed its critical East-West crude oil pipeline following a series of drone attacks originating from Iraq, marking an escalation in regi…
Saudi Oil Exports Face Heightened Threats After Attacks on Pipeline
The Red Sea has become a critical flashpoint for global oil markets. Houthi militias operating from Yemen have escalated attacks on energy infrastruct…
I went to Caracas for Venezuela’s new oil deals. Here’s what stood out
# U.S. Energy Chief's Venezuela Visit Signals Shift in Oil Diplomacy The U.S. Department of Energy took an extraordinary step by allowing CNBC and se…
Trump says oil and gas prices won't fall until 'right after' midterm election
President Donald Trump predicted that oil and gas prices will remain elevated through the midterm elections, attributing the price spike to geopolitic…
Brent crude oil tops $101 for first time since July as fighting escalates in Persian Gulf
Brent crude oil climbed above the $101 per barrel threshold for the first time since July, driven by heightened geopolitical tensions in the Persian G…
Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes
Saudi Arabia's crude oil exports have collapsed to their lowest level in 13 years as Houthi attacks on Red Sea shipping routes force tankers to take l…
Iran says it hit American vessels, oil tankers in Hormuz in retaliation for U.S. strikes
Iran's military claimed it struck American vessels and oil tankers near the Strait of Hormuz in retaliation for U.S. strikes, marking an escalation in…
The Economic Fallout From a Potential Return to $100 Oil
Oil prices have climbed toward levels not seen since early 2023, with Brent crude approaching $100 per barrel. This spike revives inflation concerns t…
Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict
Oil prices climbed Tuesday as geopolitical tensions flared in the Middle East following a weekend exchange of strikes between the United States and Ir…
Oil Prices Rise After U.S. and Iran Trade Strikes
Oil prices climbed Monday as geopolitical tensions between the United States and Iran intensified following a series of military strikes. Brent crude,…
Oil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit
Oil prices climbed to their highest level in six weeks on Monday as geopolitical tensions between Iran and the United States escalated sharply, with r…
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Fervo Energy is developing an enhanced geothermal system in Utah designed to tap into the surging electricity demand driven by data center expansion a…
Oil Prices Rise Slightly After U.S. and Iran Trade Strikes
Oil prices ticked higher on Sunday as markets reopened following escalating tensions between the United States and Iran. Brent crude, the global oil b…
Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
Sugar futures have crushed equity markets in 2024, with prices climbing sharply as production concerns reshape the commodity complex. The sweetener re…
OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume
OPEC Plus maintained its current oil production quotas on Sunday, resisting pressure to adjust output despite escalating military tensions between the…
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
Iran's escalating attacks on commercial shipping in the Strait of Hormuz create a structural squeeze on global oil supply that pushes prices higher an…
Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
Donald Trump's administration has struck an unprecedented deal with Venezuela's post-Maduro government that amounts to state capitalism in the oil sec…
U.S. attacks 3 Iranian oil tankers after missiles target Navy warships
U.S. military strikes against three Iranian oil tankers near Kharg Island mark an escalation in regional tensions with direct implications for global …
The U.S. Wants the Oil From These 17 Venezuelan Fields
The Trump administration has cleared a path for private oil development in Venezuela by striking a deal with an unspecified company to extract crude f…
Energy Secretary Chris Wright tells CNBC more than 17 million barrels of oil transited Hormuz on Monday
Energy Secretary Chris Wright confirmed to CNBC that more than 17 million barrels of crude oil transited the Strait of Hormuz on Monday, underscoring …
Trump floats renaming Strait of Hormuz the 'Trump Strait'
President Trump has floated renaming the Strait of Hormuz the "Trump Strait," a provocative suggestion that underscores the strategic importance of on…
Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches
Chevron is deepening its foothold in Venezuela with a $7 billion investment designed to more than double crude oil production in the country, a move t…
What to Know About Venezuelan Energy Following Trump’s Oil Deal
The Trump administration has struck a deal with a private oil company aimed at accelerating crude production in Venezuela, a nation sitting atop the w…
Two More Oil Tankers Are Attacked in the Strait of Hormuz
Oil markets spiked on Monday following attacks on two commercial tankers in the Strait of Hormuz, one of the world's most critical chokepoints for cru…
Venezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says
Venezuela has handed North American Blue Energy Partners (NABEP) a sweeping 100-year concession to operate 17 oil fields, according to White House sta…
Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran 'hard'
A commercial tanker struck near the Strait of Hormuz has reignited supply chain concerns in the oil markets as regional tensions escalate between the …
Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks
Crude oil surged past $90 per barrel following fresh military strikes between the U.S. and Iran, marking the first escalation in hostilities for a mon…
Trump threatens to blow up Iran's Kharg Island oil hub as hostilities escalate once again
Trump escalates rhetoric against Iran by threatening military strikes on Kharg Island, the country's primary crude oil export facility. This marks a s…
Oil rises over 1% after U.S. forces strike two Iranian rocket launchers on Larak Island
U.S. military strikes on Iranian military infrastructure pushed crude oil prices higher Monday, extending investor focus on geopolitical risk premiums…
Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner
The Trump administration is pursuing Venezuelan oil imports through a private company with deep government connections, a strategy that rests on a con…
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
Trump announced a deal with Venezuela granting the United States majority control over more than 65 billion barrels of proven oil reserves. The agreem…
Corn and wheat prices jump to highest prices in more than three years
Corn and wheat futures hit their highest prices in over three years, driven by separate supply and demand forces that diverge sharply between the two …
Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil
President Trump announced a deal granting the United States control of a significant portion of Venezuela's proven oil reserves, estimated at over 65 …
Tanker attack tests Trump’s claim that Hormuz is a 'functioning strait'
An oil tanker took a direct hit from an unidentified projectile in the Strait of Hormuz, reigniting concerns about passage safety through one of the w…
Gold hits over three-month high on dollar weakness, Treasury bond buyback plans
Gold prices climbed to their highest level in over three months, driven by a combination of dollar weakness and fresh U.S. Treasury buyback plans. The…
How Farmers Are Staying Afloat as Crop Prices Plunge
U.S. farmers face a profitability crisis as crop prices collapse, forcing both growers and landowners to explore income alternatives beyond traditiona…
Oil prices fall as investors await 'toughest' U.S. sanctions on Iran
Oil futures tumbled Monday as markets paused ahead of the Trump administration's promised maximum-pressure campaign against Iranian energy exports. We…