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Commodities
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President Trump: US Navy has cleared all mines from Strait of Hormuz, warns Iran any new mine placement will lead to immediate destruction of vessels
President Donald J. Trump announced via Truth Social that the United States Navy has informed him all mines have been removed or detonated from the international waters of the Strait of Hormuz. He sta
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White House Says No Iran Talks Underway Or Scheduled
White House Says No Iran Talks Underway Or Scheduled
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Adnoc Extends $2.7 Billion Ship-Buying Spree with Two More LNG Carriers to Boost UAE Energy Exports
Adnoc Extends $2.7 Billion Ship-Buying Spree with Two More LNG Carriers to Boost UAE Energy Exports
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U.S. Treasuries Gain as Oil Drop Eases Inflation Pressure
The rise in Treasuries comes as a decline in crude oil prices has eased inflation concerns, reducing pressure on Treasury Secretary Scott Bessent. Bessent has been working to halt a months-long sellof
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Two killed, refinery on fire in Russia’s Krasnodar after Ukraine drone attack
A fire broke out at the Afipsky oil refinery in Russia’s Krasnodar region following a drone attack, which local authorities attributed to Ukraine. At least two people were killed and two others injure
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Norway's Equinor Hopes for "Pretty Big" Oil Discovery Offshore Namibia
Norway's energy major Equinor hopes to make a "pretty big" oil discovery offshore Namibia, a global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor believes
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Indonesia's Prabowo launches 100 GW solar power program
Indonesian President Prabowo Subianto on Tuesday launched an ambitious program to develop 100 gigawatts of solar power capacity within three years, from just 1.5 GW of current installed capacity. The
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Russia may extend its diesel export ban into September, according to three sources.
Russia may extend its diesel export ban into September, according to three sources.
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Meloni Ally Backs Energy Windfall Tax to Ease Italian Fuel Costs
A leading ally of Italian Premier Giorgia Meloni endorsed a tax on windfall energy profits as the government prepares to extend measures to cushion the effect of the Iran war.
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Tungsten West shares soared after securing up to £71 million ($97 million) from the UK government to restart a historic tin and tungsten mine.
Tungsten West shares soared after securing up to £71 million ($97 million) from the UK government to restart a historic tin and tungsten mine.
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U.S. EXIM Bank Issues $1.1 Billion Preliminary Project Letter for Ivanhoe Electric Copper Project
The U.S. Export-Import Bank (US EXIM) has issued a Preliminary Project Letter (PPL) to Ivanhoe Electric, outlining potential debt financing of $1.1 billion for the company's Santa Cruz copper project
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Crux closes $215m tax equity deal for 240MW Pleasant Prairie Solar Energy Center in Ohio
The US-based energy financing company finalized the investment to support the utility-scale project, which is currently under construction and expected to begin commercial operations in 2027. The fina
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Russia considers suspending grain export duties until the end of 2026 to counter transport disruptions caused by Ukrainian attacks.
Russia considers suspending grain export duties until the end of 2026 to counter transport disruptions caused by Ukrainian attacks.
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Saudi Aramco signs agreements and MoU with French companies worth over $3.7 billion
Saudi Aramco has entered into new agreements and a memorandum of understanding (MoU) with French companies, with a potential combined value exceeding $3.7 billion. The collaborations aim to reinforce
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Equinor, Aker BP, and Vår Energi form exploration alliance on the Norwegian Continental Shelf, aiming to discover large new oil and gas fields
Equinor, Aker BP, and Vår Energi have agreed to form a strategic collaboration focused on exploration activities on the Norwegian Continental Shelf (NCS). The alliance plans to evaluate and drill appr
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Gulf Keystone Petroleum's H1 production plummets to 14,600 bpd, but adjusted EBITDA still grows 26% to $52 million.
Gulf Keystone Petroleum announced its H1 2026 results. Due to the regional security situation, the Shaikan field was shut down from February 28 to June 23 and again in July, causing average H1 product
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US energy company Avantus secures $300 million tax equity financing from Truist Bank for its Aratina 2 solar-plus-storage project in California.
Located in Kern County, California, the project has an installed capacity of 150 MW of solar and 452 MWh of battery storage, and is expected to commence operations by the end of 2026. Previously, Avan
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India's crude import bill surges, with Strait of Hormuz shipping rates up 411% to $4.34/barrel and war-risk insurance soaring to $10 million per passage.
India's crude oil import bill has soared since the Iran war began, which choked Middle Eastern oil supply and raised benchmark crude prices. Freight rates from Ras Tanura (Saudi Arabia) to India via t
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Oil prices fell, with both WTI and Brent crude October contracts dropping by about 3%, as investors focused on Middle East peace talks.
West Texas Intermediate (WTI) crude oil futures for October delivery fell by approximately 3% to $82.44 per barrel on Tuesday, Eastern Time, while Brent crude oil futures for October delivery dropped
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Northam Platinum Soars After Disclosing Unsolicited Approach from Major South African PGM Producer
Northam Platinum Soars After Disclosing Unsolicited Approach from Major South African PGM Producer
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Iraq seeks OPEC+ oil output quota hike, targets doubling production to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia, seeking an increase in its OPEC production quota and warning that it might follow the UAE's example and exit OPEC if its production cannot be increased. Ira
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U.S. launches "Operation Economic Outcast," sanctioning over 60 Iranian entities; avoids targeting major Chinese firms
The U.S. sanctioned over 60 entities tied to Iran’s oil, nuclear, and missile activities. However, Washington avoided targeting major Chinese banks and companies, despite China buying over 80% of Iran
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Qatar Foreign Ministry Spokesman Says US Sanctions on Iran Are Unilateral, Qatar Supports Mediation Efforts to Resolve the Issue
Qatar Foreign Ministry Spokesman Says US Sanctions on Iran Are Unilateral, Qatar Supports Mediation Efforts to Resolve the Issue
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Japan to support oil pipelines bypassing Strait of Hormuz to bolster energy security
The Japanese government aims to diversify oil import routes. Prime Minister Sanae Takaichi will announce the strategy at the Green Transformation Implementation Council meeting this Wednesday.
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Trump's 50% tariff on Canadian dairy products has led to stalled sales in the U.S., leaving Canadian dairy farmers with a milk surplus.
Canadian dairy exports to the United States have largely ceased since US President Donald Trump imposed a 50% tariff on C$20 billion worth of Canadian goods, including dairy products, on August 22. Ca
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The U.S. State Department urges citizens to reconsider travel to the Middle East, and the Iranian Parliament Speaker reiterates that the Strait of Hormuz will remain closed.
The U.S. State Department issued a warning Saturday night, urging American citizens to reconsider travel to the Middle East, citing the potential for rapid escalation of the conflict with Iran. This f
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US Retailers Restrict Motor Oil Supply, Prices Soar Fourfold
A U.S. retailer has begun limiting sales of automotive engine oil due to supply shortages, leading to a fourfold price increase.
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
On September 19, Yemen's Houthi rebels launched a new round of missile and drone attacks targeting "sensitive sites" in the Saudi capital Riyadh and Saudi Aramco facilities in Yanbu. U.S. embassies in
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NVIDIA VP: AI Era Reshapes Hardware Cost Reduction Logic, Chip Evaluation Shifts to "Total Tokens Throughput Per Megawatt"
NVIDIA Vice President Ian Buck stated that in the era of AI factories, the most effective way to reduce token costs is to deliver significantly improved computing performance (10 to 30 times) with eac
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
NVIDIA VP Ian Buck stated that the shift from Chat mode to Agentic AI removes the human-in-the-loop buffer, allowing hashrate to operate at seamless, high-frequency full load. In AgentX benchmarks, th
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
Financial Secretary Paul Chan stated on Sunday that Hong Kong would expand its renminbi-denominated bond market and develop renminbi-denominated gold and commodity markets. This initiative aims to str
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The Strait of Hormuz cargo trade has vanished, forcing businesses to find alternative routes
The Strait of Hormuz, once a transit hub for goods ranging from helium to corn, has seen its cargo trade disappear, prompting businesses to seek alternative shipping routes.
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Global oil shipping costs have surged to historic highs, with supertankers earning over $1.2 million per day. A South Korean shipping magnate is making a massive bet, investing $7 billion, and is set to profit handsomely.
The global supertanker market is experiencing unprecedented supply-demand tightness, with soaring freight rates rendering some long-haul crude oil trades economically unviable and profoundly altering
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Venezuela and TotalEnergies Sign MOU, Paving Way for French Oil Giant's Return
Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.
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JPMorgan Chase analysts warn: The biggest impact of El Niño on global agriculture is expected to materialize in Q1 2027.
Tracey Allen, JPMorgan Chase's head of agricultural commodities, stated in a research report published on September 18 that the intensifying El Niño phenomenon, coupled with global diesel and fertiliz
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U.S. retail diesel prices surged to a record high of $6.45 per gallon, as Congress considers legislation to ban exports.
Global diesel supplies remain tight due to the Russia-Ukraine conflict and the situation in the Middle East. U.S. Representative Tim Burchett introduced a bill this week to ban diesel exports, and Sen
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The Saudi-led coalition announced it intercepted a ballistic missile fired by Houthi rebels towards Riyadh, while the Houthis claimed responsibility for attacking sensitive sites in Riyadh and Aramco facilities in Yanbu.
The Saudi-led coalition announced that Iranian-backed Houthi rebels launched a ballistic missile towards the Saudi capital, Riyadh, at dawn on Saturday, but it was successfully intercepted and destroy
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US Commander Says Strait of Hormuz Oil Shipments Hit Six-Month High, Citing Effective US Navy Escorts and Mine Clearance
Oil and liquefied natural gas shipments through the Strait of Hormuz reached a six-month high in the past two weeks, a U.S. regional commander said, indicating that U.S. Navy protection and mine clear
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Russia attacked two merchant ships in the Black Sea, and Poland raised its air defense alert level.
Ukraine's Air Force stated that Russia used dozens of drones and two anti-ship missiles to attack Ukraine overnight. Russia's Ministry of Defense, meanwhile, claimed that its forces used "Geran-4 Seek
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Brent crude oil surged to $132 this week after the Saudi East-West Pipeline was attacked and shut down, forcing Saudi Arabia to rely on high-cost "relay oil transportation" via the Strait of Hormuz.
A drone launched from Iraq by Iranian-backed militants recently struck Saudi Arabia's East-West oil pipeline, forcing its shutdown, the Wall Street Journal reported. The pipeline, previously a critica
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MarketWatch Analysis: Oil Prices and Energy Stocks Would Be Hit by a Sudden End to Iran War, But Company Insiders Are Still Buying
MarketWatch analysis suggests that despite a sudden end to the Iran war potentially leading to a drop in oil prices and energy stocks, company insiders are still buying these related stocks, indicatin
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World faces supertanker shortage, threatening long-haul oil flows as costs soar
The rising cost of global oil transportation is rendering some long-distance crude trades uneconomical, potentially disrupting flows at a time when fuel markets are exceptionally tight.
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Europe's winter power market is flashing its strongest warning since the energy crisis, with German wholesale electricity prices for January soaring over 60% year-on-year.
Bloomberg Markets reports that as Europe enters winter, the electricity market is flashing its strongest warning since the energy crisis. German wholesale electricity prices for January have traded ab
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Barclays: Humanoid robot computing power demand is mainly concentrated in edge AI, with limited but significant incremental growth for data centers.
Barclays Research states that the inference stage for humanoid robots needs to be completed on edge processors within the robots themselves. Data center computing power is primarily used for simulatio
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Riyadh, Saudi Arabia, issues its first air raid alert since Houthi attacks escalated in July.
Saudi civil defense authorities issued air raid alerts in the capital Riyadh and several other regions on Friday evening and Saturday morning local time, following reports of explosions in the capital
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Houthis accuse Saudi Arabia of 26 attacks in 24 hours, EU raises alert level for Red Sea naval mission.
The conflict in Yemen continues to escalate, with Houthi rebels stating that Saudi Arabia launched 26 attacks on their controlled areas in the past 24 hours, totaling 300 over the past week. Meanwhile
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Venezuela's government is sidelining a senior American oil executive from Chevron.
The veteran oil executive, previously responsible for Chevron's strategy in Venezuela amidst years of political turmoil, is currently being sidelined by the Venezuelan government.
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Japan's Sojitz plans chip material transport hub for Tata fab in India
Japanese trading house Sojitz plans to establish a specialized logistics center in India for semiconductor materials. The hub will be located near a chip fabrication plant currently under construction
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Commodities
24H Trending
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Musk reposted a tweet stating that OpenAI's AI agents are conducting "self-adventurous experiments" in a "safety sandbox," even pressuring each other for "permanent death" in exchange for collective benefit.
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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OpenAI is in preliminary discussions with investors for a new private funding round, potentially valuing the company at over $1.2 trillion.
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NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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Goldman Sachs: Market "pricing in 4 rate hikes" is overly pessimistic, expects only two rate hikes in this cycle.
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets, with Wall Street facilitating cheaper funding
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Google executive says Asia's AI adoption is outpacing perception, with demand rising for cost-effectiveness
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