Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement



OPEC and its allies including Russia next meet on August 3.

Oil advances as traders weigh Mideast supply after Biden’s trip

West Texas Intermediate neared $US99 a barrel after dropping almost 7 per cent last week as investors fretted that a global slowdown may hurt demand.

  • 1 hr ago
  • Bloomberg News


Margot McKinney and Ben Cleary from Tribeca Capital are portfolio managers of a new rare diamond fund called The Kimberley Syndicate.

‘Hero diamonds’ form basis of Tribeca’s new $50m fund

Jewellery scion Margot McKinney and Tribeca portfolio manager Ben Cleary have raised $50 million to turbocharge their new hard asset diamond fund.

  • Jessica Sier

This Month

Coal royalties have been raised in  Queensland.

China mulls ending Australia coal ban on Russia supply fears

Chinese officials are looking to boost fuel supplies to avoid a repeat of last year’s power disruptions, particularly ahead of a key party congress.

  • Bloomberg News
Bank of England

Stablecoin crash triggers call for guardrails to protect buyers

The recent sell-off underlined the speed with which confidence can be eroded and the potential volatility of stablecoins, and cryptos more generally.

  • David Goodman
Gold trades.

JPMorgan gold desk ‘spoofing’ cheated market, ex-trader says

“Our job was to do whatever it takes to make money,” a former employee said at the trial of three former colleagues charged with fraud.

  • Tom Schoenberg and Eddie Spence
China is trying to revitalise its economy to achieve its annual growth target of around 5.5 per cent.

Commodities rebound on renewed China stimulus hopes

Reports that Chinese officials are contemplating a $327b stimulus package has boosted sentiment and sparked a recovery in raw materials.

  • Alex Gluyas
Fears of a recession failed to ignite safehaven buying in gold, which fell to its lowest level in more than six months.

Recession fears unleash panic in commodity markets

Oil plunged below $US100 and the $A fell to a two-year low amid fears a sharp economic downturn will whack demand for raw materials.

  • Updated
  • Alex Gluyas
One positive: retail petrol prices in the US have eased from a record above $US5 a gallon in mid-June.

US oil plummets, settles below $US100 a barrel

Brent crude futures fell more than 9 per cent as recession risks cloud the outlook for demand.

  • Julia Fanzeres
Parts of eastern China are conducting fresh rounds of mass COVID-19 testing.

Iron ore slumps, economists warn of China slowdown

It’s unclear whether Chinese growth will reach 5 per cent this year, but economists agree its zero COVID-19 strategy presents the biggest risk to the economy.

  • Alex Gluyas


A slowdown in China’s property sector has sparked volatility in commodity markets.

Commodity boom to unwind after record year

The post-pandemic bull run is expected to fade as elevated prices and rising interest rates weigh on demand.

  • Alex Gluyas
Lukas Barth/Pool photo via AP

Oil slides on recession fears, proposed Russian price cap

Oil is on track for a monthly decline as recession fears and news the G7 is weighing a price cap on Russian oil-dented commodity markets.

  • Emma Rapaport
Base metal prices have suffered as investors fear an economic slowdown will hit demand.

Copper dives to 16-month low as recession alarms blare

The metal’s prices fell to their lowest level since February last year as weak economic data added to concerns about a looming economic slowdown.

  • Alex Gluyas
This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials.

Energy now viewed as the next fault line for global markets

This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials.

  • Tassia Sipahutar
US President Joe Biden will call for a gasoline tax holiday, a person familiar with the plan said, after the average US retail price topped $US5 a gallon this month following a surge of more than 50 per cent in 2022.

Crude oil buckles as recession angst rattles commodity investors

Oil sank as investors weighed concerns that the US may be headed for a recession, while the Biden administration prepared to step up its fight against lofty pump prices.

  • Bloomberg News

Glencore pleads guilty in UK to bribery ahead of sentencing

The plea came after the UK’s Serious Fraud Office found the commodity giant paid more than $40 million in bribes across five African countries.

  • Thomas Biesheuvel and Katharine Gemmell
Steel mills in China are conducting maintenance, and therefore cutting output, because of weak margins.

‘Very nervous’: iron ore markets swing violently

Iron ore markets are delicately poised as traders weigh up Beijing’s promises of economic stimulus with the ongoing pursuit of its zero COVID-19 strategy.

  • Alex Gluyas
Exxon expects to increase production from the Permian Basin, the largest US oil field, by 25 per cent this year, and has plans to increase refining capacity by about 250,000 barrels per day.

‘Exxon made more money than god’: Biden rips high gas prices

President Joe Biden made clear that he wants oil companies to invest more on producing oil than buying back their own shares.

  • Jordan Fabian and Josh Wingrove
Mohamed El-Erian sees the risk of still faster inflation.

El-Erian says it’s ‘way too early’ to say inflation has peaked

Mohamed El-Erian said the drivers of inflation are broadening, and a headline print higher than 8.5 per cent is likely later this year.

  • John McCorry and Jonathan Ferro
Workers at the liquefied natural gas terminal in Ras Laffan, Qatar.

Exxon, Total poised to win stakes in Qatar gas project

State producer QatarEnergy may announce its decision as soon as this weekend, according to insiders.

  • Francois de Beaupuy, Kevin Crowley, Walid Ahmed and Jennifer Jacobs
Wheat prices neared record highs earlier this month after India restricted exports of the commodity.

As panic grows, G20 leaders must co-operate on food security

The upcoming G20 summit in Bali is an opportunity to secure a formal commitment to roll back trade restrictions and ease global food shortages.

  • Peter Timmer