IEA cuts Russian oil output forecasts as drone strikes squeeze supply
The IEA has cut its 2026 and 2027 Russian crude output forecasts as Ukrainian drone strikes cripple energy infrastructure, with…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
UBS warns a September rate hike could spark a short-term gold selloff
UBS strategist Joni Teves warned that a Federal Reserve rate hike this month could trigger a short-term drop in gold,…
Brent Crude Nears $100 on Middle East Strikes, Then Eases on Hormuz Meeting Hopes
Brent crude approached $100 a barrel this week as fresh Middle East strikes rattled supply lines, before easing on Friday…
Oil Set to Close Above $100 a Barrel as US Diesel Hits Record $6.06 a Gallon
Oil is on track to close the week above $100 a barrel for the first time since mid-May, even as…
Major banks raise oil forecasts as Gulf shipping disruptions persist
Major banks including Goldman Sachs have raised their oil price forecasts as shipping disruptions in the Strait of Hormuz continue…
