Global Commodity Service
From crude oil prices to the lithium outlook, we bring together global commodity forecasts and market analysis to support strategic planning, procurement, and risk management.
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Overview
While commodity prices respond to immediate market developments, they are also shaped by interconnected forces such as global growth cycles, geopolitics, and structural shifts like the energy transition. Making sense of commodity markets therefore requires looking beyond individual price movements and taking the broader context into account.
Oxford Economics brings this integrated perspective to commodity forecasting. By combining a global economic insight with trusted commodity price forecasts and timely market commentary, we offer a complete view of market dynamics, helping decision-makers interpret price movements and make more informed strategic decisions.
What’s included
Our service provides forward-looking commodity insights, covering energy, industrial metals, precious metals, battery metals, agricultural commodities, plastics, and resins. By bringing together high-quality data, robust commodity forecasts, and expert analysis, we help you understand how shifts in market fundamentals, from geopolitical tensions to monetary policy easing, may shape future supply, demand, and pricing.
Commodity price databank
Access over 120 commodity price forecasts, with projections up to 2060 and historical price data reaching back to the 1980s. Forecasts are refreshed monthly, providing a consistent and up-to-date benchmark for analysis and planning.
Commodity price forecasts report
Weekly reviews
Commodity price dashboard
Why Oxford Economics
An independent assessment by the World Bank identified the Oxford Economics Global Economic Model (OEM) as a superior tool for forecasting commodity prices.
“OEM forecast showing the lowest bias and forecast error for forecast horizons of 12 months or more… The OEM is particularly useful for scenario exercises that consider changes in policy variables, global growth, inflation, and structural variables.”
World Bank Group, Commodity Markets Outlook
Forecasts you can trust
Our forecasts are built on our industry-leading Global Economic Model, recognised for its accuracy and robustness.
Model-backed insights
Our commodity price projections are consistent with trends in growth, inflation, trade, and policy, giving you a coherent view for planning, risk assessment, and investment decisions.
Extensive time horizons
With forecasts up to 2060 and historical price data dating back to the 1980s, our service enables you to plan across different time horizons and conduct robust back-testing with ease.
Insights, not just numbers
Beyond forecasts, our economists provide clear written analysis, in-depth thematic studies, and webinars that reveal the market forces driving commodity markets and their implications for decision-makers.
Benefits
- Strategic planning. Anchor business strategy, investment priorities, and sourcing decisions to forward-looking views of future commodity market conditions.
- Risk mitigation. Monitor global market changes and identify potential risks to the supply chain by leveraging our scenario-based commodity forecasts and analysis.
- Budget planning. Enhance budgeting accuracy and predict profitability with our commodity market forecasts of raw material and goods costs.
- Price negotiation. Strengthen procurement and hedging discussions with independent, transparent commodity price benchmarks.
Latest insights
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