London Stock Exchange Group (LSEG)
May 28, 2026
Inside Commodities
Market ReportCommoditiesEquitiesMacro Economic IndicatorsEnergyConsumer Staples
This report highlights major disruptions in global commodities, including BP's leadership crisis, record-low U.S. wheat conditions, and the impact of the Iran war on energy flows and SPR releases.
Key Takeaways
- 1.BP ousts Chairman Albert Manifold citing governance and conduct issues, causing a 10% intraday share price drop.
- 2.The U.S. and Israel's war with Iran has closed the Strait of Hormuz, forcing the first U.S. Strategic Petroleum Reserve release to Asia in over three years.
- 3.U.S. winter wheat ratings have hit a record low of 26% good-to-excellent due to persistent drought in the Plains.
Table of Contents
- Top News - Oil
- Oil cargo from US emergency reserve heads to Asia
- Top News - Agriculture
- Top News - Metals
- Australia-India-Japan-US Quad to build a port, unveil pact on critical minerals
- Top News - Carbon & Power
- REUTERS OPEN INTEREST - Asia's early heat wave signals potential summer squeeze for coal and gas
- Top News - Dry Freight
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Authors
Dhanya
Securities
BPSHELCRHPTTVG
Themes
Energy Security & GeopoliticsCorporate GovernanceClimate Risk in AgricultureCritical Mineral Supply Chain Resiliency
Regions
North AmericaEuropeAsia PacificUnited StatesIndiaPhilippines