Oil majors post $93 billion combined profit as Hormuz closure disrupts supply
Eight major oil companies posted almost $93 billion in combined profit between April and June 2026, nearly double the same…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
AI Boom Pushes Big Tech’s Carbon Emissions Higher, Threatening Fossil Fuel Retreat
A new study finds that AI's expansion of the fossil fuel sector could add up to 1.8 billion tons of…
US dollar’s 55th year as fiat currency lifts gold’s safe-haven appeal
Prediction markets now price a 54.2% chance that gold (XAUUSD) reaches $4,500 in August, a slight increase from previous levels….
US sanctions Chinese refinery for buying Iranian crude as blockade and stalled nuclear talks keep oil supply risk high
The US Treasury has sanctioned a major Chinese refinery for buying Iranian crude, an ongoing naval blockade is pushing Iran's…
US Strategic Petroleum Reserve Falls to Lowest Level Since 1983
The U.S. Strategic Petroleum Reserve has fallen under 300 million barrels, its lowest level since 1983. Prediction markets have nudged…
