Section
The latest commodities coverage from the TrustFinance editorial desk.
Iraq is reportedly pushing for a new OPEC+ production baseline of 6 million barrels per day, a significant increase that could create tensions within the producer group as it reviews member capacities.
Benchmark European natural gas futures surged to their highest levels this year amid escalating military conflict between the U.S. and Iran, stoking fears of severe disruptions to global LNG supplies.
Citing a tightening market, shrinking inventories, and persistent supply risks, UBS has increased its oil price forecasts for the next three quarters, now seeing Brent crude at $95 per barrel by year-end.
A research institute at state-owned oil giant Sinopec forecasts China's oil demand will drop by 600,000 barrels per day in 2026, driven by the rapid adoption of electric vehicles and elevated crude prices.
A consortium of South Korean flour mills has secured approximately 100,000 metric tons of milling wheat from the United States and Canada via an international tender for shipment in early 2027.
The main sea freight index for dry bulk commodities rose on Wednesday, lifted by a significant increase in rates for larger Capesize vessels. The Panamax index, however, remained unchanged.
The gold-to-silver ratio fell as silver prices rebounded more sharply than gold, supported by a softer U.S. dollar and resilient industrial demand. Investors are now focused on upcoming U.S. inflation data for cues on Federal Reserve policy.
Corn prices declined on Wednesday as the market adopted a cautious stance ahead of the U.S. Department of Agriculture's influential supply and demand estimates, scheduled for release on Friday.
The price for Russia's flagship Urals crude oil has surpassed $80 per barrel at key export terminals, a three-month high driven by rising global energy prices and geopolitical tensions.
