Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Australian Fuel Prices Surge: Diesel Up A$9.45 Per Fill
Australian diesel prices surged A$9.45 per 50-litre fill in a week, hitting 286.8c/L. Qantas (ASX:QAN) faces A$3.6B fuel bill. Petrol also rose 6%.
Oil's War Premium Fades, Gasoline Surges 2.1%
Oil prices slipped below $100 as Saudi Arabia restarted a key pipeline, but gasoline futures jumped 2.1%. Distillate inventories remain tight, keeping fuel prices elevated.
EIB Eyes Canadian Critical Minerals, Yet No Deals Funded
The EIB is exploring Canadian critical-minerals financing, but no deals have been funded. Nouveau Monde Graphite's Bécancour plant decision looms.
Resolute Mining Shares Slide 8.3% on Syama Output Cut, Margin Squeeze
Resolute Mining shares dropped 8.3% to A$1.242 after cutting 2026 gold production guidance by 18.1% due to Syama operational issues. Higher costs and reduced output narrow the gold-price buffer.
Ramelius Shares Surge 7.5% on Raised FY30 Gold Production Target
Ramelius Resources (ASX:RMS) jumped 7.5% after raising its FY30 gold output target to 560,000-610,000 ounces, with growth capex planned at A$480-570 million.
Hormuz Shipping Surges to Six-Month Peak, Yet Brent Holds $14 War Premium
U.S.-supported transits through Hormuz hit a six-month high, but Brent's $14 premium over fair value persists amid supply concerns.
Australia's Diesel Stockpile Dips as Fuel Costs Escalate
Australia has 31 days of diesel supply, but prices are soaring. The government extends stockholding relief, while Ampol and Viva Energy face mixed impacts.
Aramco Cuts October Crude for European Refiners; Brent Slides
Saudi Aramco reportedly told two European refiners they will receive no October crude after a pipeline attack. Brent fell 4.9% to $99.71, reflecting market skepticism.
Trucker Strike Rumors Debunked as Diesel Prices Hit Record $6.285
No verified nationwide trucker strike is scheduled for Oct. 1, despite social media claims. Diesel prices hit a record $6.285, but J.B. Hunt (JBHT) shares showed no panic.
Hecla Rides Silver Surge to $18.96; Keno Hill Still a Cost Wildcard
Hecla Mining (HL) climbed 5.4% to $18.96 as silver futures surged 2.22% to $65.72. Keno Hill remains outside AISC, tempering the bullish outlook.