OPEC+ holds output steady, but the Hormuz closure is what sets fuel prices now
OPEC+ held October production quotas steady on Sunday, Sept. 6, but the decision barely moved prices because the Strait of…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Global Diesel Supply Crunch Set to Last Through Winter
A global diesel shortage will run through the winter as lost Russian and Middle Eastern refining capacity fails to return,…
Labor Day gas prices hit record high amid Iran tensions, Strait of Hormuz disruption
U.S. gasoline prices hit their highest level ever recorded for Labor Day, with the national average for regular unleaded reaching…
European gas prices surge to highest since 2023 on Iranian threat
European wholesale natural gas prices jumped to their highest levels since early 2023 as fears mounted that an escalating military…
Gold slips as Iran escalation pushes oil toward $100 a barrel
Gold fell on Tuesday after fresh escalations in the Middle East pushed oil back near $100 a barrel, a week…
