Exxon Mobil Corp. has struck a preliminary deal to supply liquefied natural gas (LNG) to South Africa, helping the country diversify its heavily coal-dependent power grid, according to Bloomberg ... ....
Barclays has maintained its bullish long-term outlook for gold, forecasting the metal will reach $4,791 per ounce by the end of 2026 and $4,900 in 2027, even after a sharp correction during the Iran conflict... ....
The US and Iran reached a framework agreement to extend the current ceasefire by 60 days and reopen the Strait of Hormuz to shipping ...Energy markets reacted with immediate relief ... OPEC members had already begun unwinding voluntary production cuts ... ....
Oil prices rebounded more than 2% on Wednesday after US PresidentDonald Trump threatened to bomb Iran, raising doubts about the peace deal ... The aluminium contract was 0.7% higher at $3,417.93 per ton. Oil rebounds ... EDT (1800 GMT) ... Lukman Otunuga ... ....
Morgan Stanley has lowered its oil price forecasts for the remainder of 2026, citing expectations of improved supply flows following the US-Iran agreement to reopen the Strait of Hormuz... ....
Middle Eastern crude markets weakened on Tuesday as optimism grew over a potential reopening of the Strait of Hormuz following progress in the US-Iran agreement ...Physical oil markets in the region have also shown clear signs of easing ... ....
Industry executives warn that supply chains remain snarled, and smaller garages are being squeezed hardest, according to a Reuters report.Shortages hit repair shops hard ... He described the shortage as unprecedented in his 35 years repairing cars ... ....
Oil prices plunged more than 4% on Tuesday to a fresh three-month low on growing expectations that the US and Iran would agree to end the war ...Higher interest rates increase the opportunity cost of holding gold as it is an unyielding asset. Oil slumps.
The US–Iran agreement to reopen the Strait of Hormuz has eased immediate fears of supply disruption, but analysts warn it will take months before global oil and gas trade flows normalise ... ....
Gold prices have come under significant pressure in recent days, dropping close to the psychologically important $4,000 per troy ounce level for the first time since November 2025 ... Carsten Fritsch. Commodity analyst at Commerzbank AG ... BarbaraLambrecht.
Copper prices staged a strong recovery on Friday, climbing more than 2% from a three-week low after US PresidentDonald Trump signalled that a deal with Iran to end the four-month conflict could be signed as soon as this weekend ... ....
Gold prices on COMEX rebounded more than 2% on Friday after plunging to a seven-month low earlier this week ...Metal production is expected to keep expanding, particularly in aluminum output ... Gold rebounds, but set for weekly loss ... BarbaraLambrecht ... ....