Commodities
Oil, gas, metals, crops, and raw-material price shifts.
![[SMM Analysis] Lithium Ore and Recycling in Q4 2025: From Demand Resonance to Peak Sentiment, Returning to Rational Valuation Recovery in Q1 2026 - Shanghai Metals Market (SMM)](https://imgqn.smm.cn/production/admin/news/en/pic/uJEsE20251231154623.png)
SMM to Launch Weekly Lithium Ore and Concentrate Port Inventory Data on May 22
Shanghai Metals Market said it will launch weekly lithium ore and concentrate port inventory data on May 22, covering key Chinese transit ports and updating every Friday at 16:00.
Copper hits one-week low on China demand concerns, oil surge
Copper fell to a one-week low as traders weighed weaker China demand signals and higher oil prices, with official Chinese data reinforcing the slowdown narrative.
US extends Russian oil sanctions waiver for 30 days
The U.S. has extended by 30 days a sanctions waiver covering Russian seaborne oil cargoes already loaded on vessels, Treasury Secretary Scott Bessent said on May 18, according to AP and Reuters. The move follows pressure in energy markets tied to the Iran war and keeps stranded cargoes eligible for delivery and sale under the exemption.
San Juan Basin Royalty Trust says it will skip its May distribution
San Juan Basin Royalty Trust said it will not declare a May 2026 cash distribution, citing excess production costs and continued weak natural gas prices. The trust said cumulative excess production costs totaled about $8.48 million gross.
Abaxx to Launch Silver Singapore Futures on May 22, 2026
Abaxx Exchange said it will launch Silver Singapore futures on May 22, 2026, adding a physically oriented silver contract to its precious-metals suite in Singapore.
Abaxx to launch Silver Singapore futures on May 22
Abaxx Exchange said it will launch Silver Singapore futures on May 22, a U.S. dollar-denominated, physically deliverable silver contract cleared through Singapore.
Oil Prices Rise 2% to Two-Week High on Iran War Supply Concerns
Oil prices rose about 2% to a two-week high on May 18 as war-related supply concerns outweighed a report that the U.S. had agreed to waive sanctions on Iranian crude.
Maharashtra govt, oil companies assure adequate petrol, diesel and LPG stocks
The Maharashtra government and oil companies have said petrol, diesel and LPG stocks remain adequate across the state, even as some outlets reported queues and temporary supply strain amid panic buying.
Global stocks retreat and bonds wilt as oil climbs
Global shares slipped and bond yields rose after Gulf drone-attack risk pushed oil prices higher, with investors also watching Nvidia earnings later this week.
Gold rises as bond yields ease and Iran tensions linger
Gold edged higher on May 18 as bond yields eased, the U.S. dollar and crude prices softened, and investors continued to watch Middle East tensions tied to Iran.
Oil prices fall after Iranian report of possible U.S. sanctions waiver
Oil prices eased after an Iranian news report suggested the U.S. had accepted a temporary waiver of sanctions on Iranian crude during negotiations, with Reuters saying the claim moved markets even as U.S. Treasury messaging continued to stress pressure on Iran’s oil network.
Gold climbs over 3% amid Middle East peace deal signals, softer dollar
Gold rose sharply as reports of progress toward a U.S.-Iran deal weakened the dollar and eased oil prices.
Oil slides after Pakistani source says US and Iran are close to framework peace deal
Oil prices fell after reports that the U.S. and Iran were nearing a framework peace deal that could reduce supply disruption fears.
Oil prices fall a second day as Trump signals possible Iran deal
Oil prices fell for a second session after President Trump said progress was being made on a possible agreement with Iran and paused a ship-escort operation in the Strait of Hormuz.
Oil rally extends as Brent and WTI climb on supply fears
Oil prices extended gains on April 30 as Middle East supply fears persisted, with Brent hitting an intraday high before retreating and WTI remaining firm.
WTI and Brent crude jump sharply on Iran standoff and inventory draw
Brent and WTI surged after Reuters reported deadlocked U.S.-Iran talks and a larger-than-expected U.S. inventory draw.
AM Market Report – April 28, 2026
Morning grain markets were firmer on April 28, with wheat leading gains and USDA crop progress data reinforcing the trade’s attention on planting pace and yield risk.
Dollar Slips on Hopes for U.S.-Iran Peace Talks to Resume
The U.S. dollar slipped as markets reacted to renewed hopes that U.S.-Iran peace talks could resume, easing some safe-haven demand.
Strait of Hormuz Closure Keeps Oil Supply Tight as Crude Prices Rise
Oil prices rose as the Strait of Hormuz remained effectively closed to commercial traffic, limiting energy supplies and keeping a risk premium in crude markets.
Gold Steadies as Attempts to Restart US-Iran Peace Talks Falter
Gold held near record highs as efforts to restart U.S.-Iran peace talks stalled again, while constrained shipping through the Strait of Hormuz kept oil markets tight and inflation risks elevated.
Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production
Brent crude rose to its highest level since the early-April U.S.-Iran ceasefire as Gulf supply losses and Strait of Hormuz disruptions kept oil markets tight.
Oil markets swing as U.S.-Iran ceasefire leaves Strait of Hormuz unresolved
Oil and broader commodity markets remain volatile after the U.S.-Iran ceasefire, with the Strait of Hormuz still the main supply-risk factor. Recent reporting and official energy statements say prices fell sharply after the truce, then rebounded as the corridor stayed restricted and the agreement looked fragile.
Alkane Resources posts March quarter production update
Alkane Resources said it produced 45,776 ounces of gold equivalent in the March quarter and ended the period with A$374 million in cash, bullion and listed investments.
EIA releases the Annual Energy Outlook 2026
The Energy Information Administration released its Annual Energy Outlook 2026, projecting rising power demand from data centers and more electric capacity by 2050.