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global
Commodities Wars and Export Curbs Now Hit More Than 43% of World's Oil Supply
Wars, attacks and export curbs now touch more than 43% of the world's oil supply, equal to about 45 million barrels a day of 2025 production, according to Reuters calculations based on IEA data. The Gulf disruption alone is estimated at 5–7 million barrels per day, while conflicts have cut global refining capacity by a tenth. With IEA emergency stockpile releases largely complete and inventories declining, crude and fuel markets face a thinning safety buffer.
Commodities US-Iran War Oil Shock: How Long Can the World and India Absorb It?
The US-Iran war has caused one of the biggest oil supply disruptions in history, but crude prices have only spiked modestly so far, according to Business Today. The IEA released 400 million barrels from emergency reserves, while the EIA forecasts prices will stay elevated until early 2027. India and the global economy face an uncertain period if the conflict continues for another six months.
Commodities India urea import prices fall 12% as global fertilizer supply tightness eases
India, one of the world's biggest urea importers, received offers 12% below its June purchase price, signaling easing global fertilizer supply. State-run Rashtriya Chemicals & Fertilizers Ltd. drew more than 3 million tonnes of offers for its west coast tender at $393.65–$435 a tonne. The drop extends a decline from April's $959-per-tonne peak.
E-Commerce & Marketplaces Vedanta Aluminium Expands Vedanta Metal Bazaar Globally Across Four Continents
Vedanta Aluminium's digital metal bazaar Vedanta Metal Bazaar (VMB) has expanded globally, enabling international customers to order premium aluminium products online across Asia, Europe, Africa and the Americas. The platform processed nearly $4.1 billion in transactions and over 23,000 orders in FY25-26, and is used by over 550 MSMEs, the company said.
Commodities India's gas demand returns to pre-disruption levels, but global LNG competition rises: Equirus
India's natural gas consumption recovered to 197 mmscmd in June 2026, up 7% month-on-month and 2% year-on-year, according to Equirus. The recovery was driven entirely by LNG, which rose 13% month-on-month, lifting import dependence to 56%. Rising Asian spot prices, stronger Chinese buying and disrupted Qatar supply cloud the outlook.
Commodities FAO Food Price Index rises 0.6% in July on cereals, vegetable oils and sugar
Global food prices rose 0.6% in July, with the FAO Food Price Index averaging 131.1 points, as cereals, vegetable oils and sugar turned costlier. Wheat and maize led grain gains while sugar recovered 5.6%, but meat and dairy prices fell. The FAO expects weather, energy and geopolitics to remain key drivers.
Commodities Global bauxite trade triples in a decade as Guinea-China shipments hit record
Global seaborne bauxite trade rose from 81.3m tonnes in 2016 to a record 247.5m tonnes in 2025, and volumes in the first seven months of 2026 are up 9.5% year on year. Guinea now supplies nearly four-fifths of internationally traded bauxite, with China taking almost 92% of cargoes. The trade has become a key source of demand for capesize and other large bulk carriers.
Commodities Global Wheat Output May Drop 23 Million Tonnes Next Season on Iran War, El Nino
Global wheat production is projected to decline by 23 million tonnes in 2026-27 as El Niño and the Iran conflict curb acreage and raise fertiliser costs, according to The Hindu BusinessLine. IGC pegs output at 821 mt versus 844 mt this season, with ending stocks falling to 279 mt. CBOT wheat futures trade near $6.54 per bushel as analysts see a price floor from supply risks.
Commodities Global Gold Demand Flat at 1,269 Tonnes in April-June Quarter: WGC Report
Global gold demand was virtually flat at 1,269 tonnes in the April-June quarter of 2026, according to the World Gold Council. Investment demand eased due to lower prices, but central bank purchases jumped 62%. Jewellery demand fell 17% in volume terms.
Commodities From Hurricane Wasteland to World's Largest LNG Hub: Louisiana Parish Booms
Cameron Parish, Louisiana, transformed from a community destroyed by Hurricane Rita in 2005 into a global LNG powerhouse. The world's largest LNG terminal, Sabine Pass, operates there, processing 29.5 million tonnes annually. Two more terminals exist, and a $13bn fourth is under construction. The county projects over $4bn in tax revenues from LNG over the next decade, as US exports surge to supply European demand following Russia's invasion of Ukraine.
Technology India Fuels Bitchat's Global Rise Despite Government Takedown Order
Bitchat, the internet-free messaging app founded by Jack Dorsey, has seen explosive growth in India despite a government order to remove its source code from GitHub. New data from Appfigures shows India accounted for 53% of the app's global downloads, with daily installs surging from 291 to over 28,000 in a week. The Internet Freedom Foundation has criticised the takedown order as unconstitutional.
Commodities Global Steel Output Rises 1.7% in June 2026 Driven by Strong Regional Gains
Global crude steel production increased 1.7% year-on-year to 155.7 million tonnes in June 2026, driven by gains in Asia, the EU, and North America, according to the World Steel Association. First-half output fell 0.7% to 931.5 mt. India led the top five producers with 7.1% growth in H1, while Vietnam surged 27.5% in June.
Commodities Global Crude Oil Prices Surge Around 16% Amid US-Iran Retaliatory Strikes
Global crude oil prices surged around 16% this week driven by an escalation in fighting between the US and Iran, with both sides trading retaliatory strikes. Brent crude September futures on the ICE settled at $88.10 per barrel, up 15.9%, while WTI crude August futures on NYMEX ended at $82.49 per barrel, up 15.5%.
Business 2026 FIFA World Cup Could Trigger $17 Billion Productivity Loss Worldwide, UKG Survey Finds
According to a UKG survey of 8,000 employees across eight countries, the 2026 FIFA World Cup could result in at least $17 billion in lost productivity globally, with the United States accounting for $11.7 billion. Key findings include 37% of employees adjusting work schedules, 27% missing work, and significant presenteeism. Office attendance dropped 26% in the US on the day after the national team's loss, according to Envoy.
Commodities Indian Cotton Prices Firm Up on Acreage Dip and Global Rally
Indian cotton prices have firmed up following a bullish global trend and a 15% decline in acreage due to deficient rains. The Cotton Corporation of India raised prices by ₹800 per candy, while demand from mills and trade remains strong. Despite concerns over delayed monsoon, industry officials remain optimistic about the crop.
Manufacturing Volkswagen Planning to Cut Up to 100,000 Jobs Globally, Twice Previous Target
Volkswagen Group CEO Oliver Blume confirmed the automaker is targeting up to 100,000 job cuts globally, double the previously stated 50,000. The move follows a steep profit decline, falling sales in China and the US, and rising competition from Chinese brands. Talks with unions and potential factory closures in Germany remain under discussion.
Commodities IEA forecasts global natural gas demand to fall 0.5% in 2026 as higher prices curb consumption
The International Energy Agency (IEA) forecasts global natural gas demand to fall 0.5% in 2026, driven by higher prices curbing consumption from power generators and industry. The U.S.-Iran conflict has sharply reduced LNG flows through the Strait of Hormuz, pushing up benchmark prices in Europe and Asia. Asia gas demand fell 1% year-on-year in the first half of 2026 as fuel switching to coal accelerated.
Commodities Global oil output to return to pre-Iran war level by year's end, US EIA says
The U.S. Energy Information Administration (EIA) reported that global oil output and trade flows should rebound fully by the end of 2026 from disruptions caused by the Iran war. The agency cut its Brent crude price forecast to $74/barrel for Q3, down from $85 in June and a previous estimate of $101. The easing of the Strait of Hormuz blockade after a preliminary U.S.-Iran deal has enabled increased vessel movement, and the EIA expects most shut-in Middle East production to return by Q1 2027, lowering fuel prices.
Commodities OPEC+ to Prioritise Oil Supply Over Price Floor Until Hormuz Normalises, Says Kotak Securities Analyst
OPEC+ is prioritising oil supply over defending a price floor, according to Kotak Securities analyst Anindya Banerjee, as the Strait of Hormuz remains only half-normalized. Brent crude staying below $85 per barrel will benefit India, but a full normalization of Hormuz over the next six to nine months could lead to a surplus if OPEC+ continues unwinding cuts amid weak demand. Internal divisions within OPEC+, including UAE stepping out and Iraq demanding higher quotas, complicate the group's cohesion.
Commodities Mercuria and Eni Form 50:50 Joint Venture for Global Energy Trading
Swiss commodities trader Mercuria and Italian energy major Eni have agreed to create a 50:50 joint venture for global energy trading. The independent venture will cover oil, biofuels, gas, LNG, and related logistics, marking Eni's return to the trading business after stepping back in 2019. No financial details were disclosed.
Manufacturing Dallas Truck Shop Sends Three Teams to Volvo VISTA World Championship in Sweden
Bruckner Truck Sales in Dallas has qualified three teams for the Volvo VISTA World Championship finals in Sweden, out of roughly 200 competing globally. Technician Dayan, who previously represented Volvo Bulgaria, highlights the training and technical challenges of European-spec trucks.
Commodities Global crude steel output slips marginally in May 2026, India maintains growth
Global crude steel output edged down 0.3% year-on-year in May 2026 to 157.9 million tonnes, according to World Steel Association data. India maintained its position as the second-largest producer with a 1.9% output gain, while China's production fell 2.7%. North America and Africa saw robust growth, but the Middle East recorded a sharp 19.4% decline.
Business Game On: Indian Brands Score with FIFA World Cup Marketing Blitz
Indian brands are capitalizing on the FIFA World Cup with product launches, sponsorships, and promotions across QSR, electronics, and beverages. LG reports 2x growth in large-screen TVs, while Taboola data shows India is the second-most engaged market globally for World Cup content. Zee has signed over 12 brands including Mahindra, Apple, and Diageo for advertising.
Trade BBC World Service Highlights African Billionaires
BBC World Service features Tanzanian billionaire Mohammed Dewji, discussing his wealth accumulation and philanthropic efforts. The program highlights the growth of billionaires in Africa.
Trade The Iron Insurance Collapse: A $130 Million Lesson
The Iron Insurance initiative by Knight-Swift, aimed at small carriers, resulted in a $130 million collapse. The program, tied to telematics and safety compliance, failed due to overwhelming volume and inadequate risk management.
Trade Stream World Cup 2026 in Spanish: A Guide for Global Viewers
Discover how to watch the World Cup 2026 in Spanish using VPNs and eSIM technology. Telemundo offers comprehensive coverage in the US, while RTVE Play and TV Azteca provide free options in Spain and Mexico. Stay connected with eSIM deals for seamless streaming.
Logistics Thenamaris Expands Tanker Fleet with New Orders
Thenamaris has expanded its tanker fleet by ordering new vessels in South Korea and China. The company has confirmed orders for MR2 product tankers and aframax/LR2 tankers, enhancing its market presence.
Business India's Economic Resilience Amid Global Challenges: Sebi Chief
Sebi chief Tuhin Kanta Pandey highlights India's economic resilience amid global geopolitical uncertainties. Despite challenges, India remains one of the fastest-growing major economies, with growth projected at 7.7% for FY26.
Logistics Shipping Markets Echo 2008 Amid Record Earnings
Shipping markets are experiencing record earnings, reminiscent of the pre-crisis boom of 2008. With the ClarkSea Index at $40,000 a day and a world fleet worth $2.4 trillion, industry leaders express caution amid global economic uncertainties.
Logistics IMO's Crucial Role in Shipping's Future
The International Maritime Organization (IMO) is pivotal in shaping global shipping regulations, especially as the industry faces geopolitical, environmental, and technological challenges. Jamaica's 50-year membership highlights the importance of cohesive maritime governance.
Logistics Geopolitical Shifts Demand Agility in Global Shipping
Geopolitical tensions are reshaping global shipping markets, affecting trade flows, fleet deployment, and freight rates. Shipowners are urged to remain flexible and adaptive to navigate these changes effectively.
Technology Citi Urges India to Clarify AI Role for Global Investment
Citi's Vis Raghavan emphasizes the need for India to clearly define its role in the AI-driven global economy to attract foreign direct investment. Despite strong domestic participation, foreign interest is hindered by energy dependency and unclear AI positioning.
Trade US May End Russian Oil Waivers Amid Global Energy Concerns
The US is considering ending sanction waivers on Russian oil imports, initially granted to stabilize global energy supplies. The decision, pending from the Department of Treasury, could affect countries like India that benefited from these waivers.
Trade India's Growth Amid Middle East Conflict: Key Lessons
India's growth trajectory faces challenges from the Middle East conflict. Key lessons include strategic trade adjustments and economic resilience to maintain growth.
Logistics WWEX and Auctane Merge to Form ShipStation Global
WWEX Group and Auctane have merged to create ShipStation Global, a comprehensive AI-enabled logistics platform. This merger aims to streamline logistics for small and midsize businesses by integrating freight brokerage with advanced shipping technology.
Logistics Global Air Freight Faces Turbulence Amid West Asia Conflict
The ongoing conflict in West Asia has led to a 3.4% decline in global air travel, significantly impacting air freight capacity and pricing. Middle Eastern carriers are experiencing the steepest declines.
Commodities Indri Whisky's Global Expansion Targets 40% Revenue Growth
Piccadilly Agro Industries plans to increase its international revenue share to 40% by expanding the global presence of its Indri whisky. The company is focusing on new markets and duty-free tie-ups to achieve this growth.
Commodities Global Crude Steel Output Declines Amid Geopolitical Strains
Global crude steel production decreased by 1.9% in April 2026, with significant declines in China, the Middle East, and Russia. India and the US showed growth, countering the trend.