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Commodities

  • Saturday, 10 January, 2026
    Unhedged
    Trump whipsaws markets

    A week of bold actions and wild rhetoric

    An illustration showing red and blue financial line graphs superimposed over New York City skyscrapers.
  • Saturday, 10 January, 2026
    Sovereign bonds
    Can Venezuela settle its debts?

    Nicolás Maduro’s removal has opened the door to a huge and complex debt workout

    An oil refinery complex on Lake Maracaibo is overlaid with a financial chart and a faint US dollar bill background, all tinted red.
  • Friday, 9 January, 2026
    Oil & Gas industry
    US oil giant ExxonMobil tells Trump Venezuela is ‘uninvestable’

    Chief executive Darren Woods pushes back against president’s call to rush back into troubled country

    Darren Woods speaks at a meeting, wearing a dark suit, light blue shirt and patterned brown tie.
  • Friday, 9 January, 2026
    FT live news
    Venezuela oil meeting as it happened: Exxon tells Trump Venezuela ‘uninvestable’ without big changes, Chevron says Venezuela output can increase 50% in next 18 to 24 months

    US president seeks to win commitments from oil executives to invest up to $100bn

  • Friday, 9 January, 2026
    News in-depthMining
    Rio-Glencore talks highlight ‘bigger is better’ mining mantra

    Revived attempt to create a $260bn megamerger underscores the desperate need for copper

  • Friday, 9 January, 2026
    Venezuela
    Trump to meet oil executives over $100bn Venezuela investment

    Companies wary of administration’s strategy and want security and legal guarantees

    US energy secretary Chris Wright walks outside the White House wearing a suit and red tie, looking to the side.
  • Friday, 9 January, 2026
    Venezuela
    Venezuelan currency plunges as economy choked by US blockade

    Bolívar has fallen nearly 20% on black market, after US capture of President Maduro

    A man walks past a mural of former Venezuelan President Nicolás Maduro with colorful stripes and the words ‘Conductor de Victorias’.
  • Friday, 9 January, 2026
    Gillian Tett
    What lies behind Trump’s retro oil plundering?

    Doubling down on fossil fuels threatens to leave the US floundering in the AI race with China

    Illustration of a ‘nodding donkey’ oil pumpjack where the head of the mechanism has been replaced by a knuckle duster
  • Friday, 9 January, 2026
    News in-depthChevron Corp
    How Chevron ended up at the heart of Trump’s Venezuela gambit

    Mike Wirth has built a massive advantage for the only US oil company on the ground in the Caribbean nation

    Mike Wirth speaks on stage with a headset microphone, gesturing with his hand against a blue background.
  • Friday, 9 January, 2026
    Precious metals
    Gold and silver under scrutiny as index changes spark wave of bullion sales

    Cocoa set for large-scale buying during index rebalance period

    Stacks of gold bars arranged in rows inside a vault.
  • Friday, 9 January, 2026
    Mining
    Glencore and Rio Tinto resume talks on $260bn mining megadeal

    Discussions over a tie-up to create the world’s largest mining group come as race to secure copper reshapes the sector

    An autonomous haul truck unloads a pile of rock at a mining site, with another haul truck visible in the background
  • Friday, 9 January, 2026
    News in-depthBanks
    Wall Street scouts for investment wins in post-Maduro Venezuela

    US banks are positioning themselves for long-term opportunities in energy and infrastructure

    Logos of JP Morgan, ExxonMobil, Chevron, and BBVA over a blue-toned Caracas skyline, with an oil pump jack and Venezuelan flag colors
  • Friday, 9 January, 2026
    The Big Read
    The new era of resource imperialism

    Trump’s military actions in Venezuela show how US foreign policy has become geared towards securing access to energy and critical minerals

    A montage of old maps of the world with Donald Trump
  • Friday, 9 January, 2026
    Shale Oil & Gas
    Shale chiefs warn Trump that Venezuelan oil will hobble US drillers

    President’s effort to drive down crude prices will hit sector struggling to sustain output growth

    Pumpjacks operate on sandy terrain at sunset with industrial equipment in the background
  • Friday, 9 January, 2026
    News in-depthVenezuela
    How Russia’s Venezuelan oil gambit went awry

    Maduro’s capture leaves Putin’s costly plans to build an anti-US bulwark in Latin America in tatters

    Nicolas Maduro holds a sword while Igor Sechin claps, during a signing ceremony with a Venezuelan flag in the background
  • Thursday, 8 January, 2026
    Equities
    Greenland-linked stocks jump amid Trump takeover threats

    Shares in Danish territory’s biggest bank have risen 33% this week

    Snow-covered houses in various colours line the coast of a Greenlandic town, with mountains and water in the background.
  • Thursday, 8 January, 2026
    Russia
    Moscow says US seizure of Russian tanker risks military escalation at sea

    Russia’s foreign ministry accuses Washington of lowering ‘threshold for use of force’

    The US Coast Guard cutter Munro escorts the oil tanker Marinera, formerly the Bella-1, in North Atlantic waters.
  • Thursday, 8 January, 2026
    Venezuela
    Venezuela actively co-operating with US on plans to export oil

    Interim leader Delcy Rodríguez is in close contact with US secretary of state Marco Rubio

    Delcy Rodriguez clasps her hands and smiles among supporters and officials
  • Thursday, 8 January, 2026
    Oil & Gas industry
    ‘Wildcatters’ race for Venezuelan oil deals ahead of wary western majors

    Entrepreneurs seek to steal a march on bigger rivals that are still weighing risks of re-entering the country

    A sculpture of an open hand holds a model of an oil derrick, with city buildings in the background.
  • Thursday, 8 January, 2026
    Energy Source
    The promise and peril of Venezuela’s liquid gold

    South American country’s crude is a thick, black sludge that is more expensive to produce than lighter oil

    Premium content
    An oil well pumpjack is silhouetted against the sunset, with trees in the background.
  • Thursday, 8 January, 2026
    News in-depthOil
    Trump’s Venezuela action raises threat for China’s oil supplies

    Chinese producers fear similar US intervention in Iran would disrupt access to discounted crude supplies

    A montage of an oil tanker and a Chinese flag
  • Thursday, 8 January, 2026
    Industrial metals
    Big copper shortage to pose ‘systemic risk’ to global economies, warns S&P

    Data group forecasts deficit of 10mn tonnes by 2040, equivalent to nearly one-third of current global demand

    A worker in a yellow helmet and orange safety vest walks between rows of electrolytic tanks containing copper cathode sheets inside a large industrial facility.
  • Thursday, 8 January, 2026
    Trade SecretsAlan Beattie
    Donald Trump’s imperial Venezuela folly will leave America no richer

    Like the Spanish conquistadors, the president’s search for mineral wealth in South America will weaken the US

    A driver inside a vehicle passes a burning degassing chimney at an oil and gas plant, with thick black smoke rising into the sky.
  • Thursday, 8 January, 2026
    Oil & Gas industry
    US oil groups warn they will need guarantees to invest in Venezuela

    Donald Trump to hold more talks with industry bosses as president flexes power over energy markets

    Oil tanker AEGEAN WAVE docked at Isla oil refinery in Willemstad, Curacao, with large storage tanks and pipelines visible nearby.
  • Wednesday, 7 January, 2026
    US foreign policy
    US seizes Russian tanker in Atlantic

    Interception follows failed attempt to capture vessel as it headed to Venezuela last month

    A U.S. Coast Guard member in an orange jacket observes a distant oil tanker through binoculars from a ship’s deck.
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Most Read

  1. US oil giant ExxonMobil tells Trump Venezuela is ‘uninvestable’
  2. How Russia’s Venezuelan oil gambit went awry
  3. What lies behind Trump’s retro oil plundering?
  4. Shale chiefs warn Trump that Venezuelan oil will hobble US drillers
  5. Can Venezuela settle its debts?

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