Commodities
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Iranian Nuclear Chief Eslami tells state media Iran is still in a wartime situation, its nuclear sites have not been secured for inspections.
Iranian Nuclear Chief Eslami tells state media Iran is still in a wartime situation, its nuclear sites have not been secured for inspections.
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Aker BP begins production at Skarv Satellites in Norwegian Sea, bringing 120 MBOE resources online a year ahead of schedule
Aker BP has commenced production from the Alve Nord, Idun Nord, and Ørn fields, which are part of the Skarv Satellite Project. These developments hold nearly 120 million barrels of oil equivalent (mbo
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Komatsu to Triple Size of US Maintenance Hub Amid AI Copper Rush
Komatsu aims to capitalize on the surging demand for copper, a critical metal for data center power infrastructure, driven by the artificial intelligence race among American tech giants. Copper mine d
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Iran and Russia held constructive talks with Gazprom to advance a major gas cooperation project, which would deliver Russian natural gas to Iran via Azerbaijan.
Iran stated that this initiative could strengthen energy ties with Moscow and support its ambition to become a regional energy hub, with supplies received at Astara.
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Analysis: Gold prices hover near an all-time high of $4270, but the Gold Miners ETF (GDX) is still 22% below its peak, signaling a potential catch-up opportunity.
Analysis indicates that despite gold prices reaching a record high of around $4,270, the VanEck Gold Miners ETF (GDX) is still approximately 22% below its 52-week high of $117.16. Over the past year,
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India's Russian Oil Imports Expected to Fall to ~2 Million BPD in August From Record Highs Amid Supply Tightness and China Competition
India's crude oil imports from Russia are set to decline to about 2 million barrels per day (bpd) in August, down from a record high of 2.8 million bpd in July. This reduction is attributed to Ukraini
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Saudi Arabia shifts oil exports to Persian Gulf ports, bypassing Red Sea due to Houthi threats
Saudi Arabia is sharply increasing oil loadings from its Persian Gulf ports, with around 7 million barrels of shipping capacity loading at Ras Tanura on Tuesday. This move comes as Houthi threats disr
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Donald Trump said the Strait of Hormuz is operating normally, with 10 million barrels of oil flowing out yesterday.
Donald Trump said the Strait of Hormuz is operating normally, with 10 million barrels of oil flowing out yesterday.
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Silver futures opened at $68.63 per ounce on Wednesday, holding steady at $68.62 during the session, with a monthly gain of 17%.
Silver futures for September delivery opened at $68.63 per ounce on Wednesday (August 26) ET, down 0.1% from Tuesday's closing price. As of 8:10 AM ET, silver prices held steady at $68.62. The market
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Iran's Deputy Foreign Minister announced that Iran and Oman have reached an agreement on a temporary shipping lane in the Strait of Hormuz, with a width of 7 miles.
Iranian Deputy Foreign Minister Kazem Gharibabadi announced on state television on Tuesday that Iran and Oman have reached an agreement on a temporary maritime route in the Strait of Hormuz. The entra
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Spot gold extended its decline, falling nearly 1% to $4,613.10 per ounce.
Spot gold extended its decline, falling nearly 1% to $4,613.10 per ounce.
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Senior Iranian source to Reuters: Iran and Oman are still working on the details of an agreement over the Strait of Hormuz
Senior Iranian source to Reuters: Iran and Oman are still working on the details of an agreement over the Strait of Hormuz
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Senior Iranian Source to Reuters: An Agreement With Oman Over the Strait of Hormuz Has Not Yet Been Finalized
Senior Iranian Source to Reuters: An Agreement With Oman Over the Strait of Hormuz Has Not Yet Been Finalized
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NuScale Power's 6 GW TVA SMR project could be the largest nuclear contract in U.S. history, with a key power purchase agreement anticipated.
The Tennessee Valley Authority (TVA) project, if built, would be the world's largest small modular reactor (SMR) facility. NuScale Power is currently the only company in the U.S. approved by regulator
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Iran: Reached an agreement with Oman on the distribution of Strait of Hormuz revenues, oil prices fell more than 9% this week.
Hossein Mohbi, spokesperson for Iran's Islamic Revolutionary Guard Corps, stated on the 26th that Iran and Oman have reached an agreement on issues such as the distribution of revenues from the Strait
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Iran and Oman agreed on a "joint provisional shipping lane" in the Strait of Hormuz, with Brent crude falling nearly 3% to $85.95 a barrel on Wednesday.
Iran and Oman announced discussions on establishing a "joint temporary shipping lane" in the Strait of Hormuz and agreed to clear mines from the strait, rekindling hopes for a breakthrough in the near
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Kalshi traders see rising odds for Strait of Hormuz traffic returning to normal, with a 68% chance before Jan. 1, 2028, following Iran's claim of a revenue-sharing deal with Oman.
Kalshi traders see rising odds for Strait of Hormuz traffic returning to normal, with a 68% chance before Jan. 1, 2028, following Iran's claim of a revenue-sharing deal with Oman. Specifically, the od
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Iran's IRGC Says Iran, Oman Agreed on Share of Hormuz Revenues
Iran's IRGC Says Iran, Oman Agreed on Share of Hormuz Revenues
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Global Fuel Markets Have Little Margin for Error
The world's fuel markets are the tightest they've been in years, largely due to heavy reliance on US refineries that are being pushed to their limits. This situation is exacerbated by ongoing disrupti
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Gunvor, a commodities trader, is in preliminary talks to acquire natural gas assets in Texas and Louisiana from Silver Hill Energy Partners in a deal that could be valued at up to $1.5 billion.
Gunvor is in early talks to acquire natural gas production assets in the Haynesville shale basin from Silver Hill Energy Partners for $1.2 billion to $1.5 billion, Reuters reported. The potential deal
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China's CNOOC reports record H1 net profit of $12.7 billion, up 23.4% YoY, driven by high oil prices
China's CNOOC reports record H1 net profit of $12.7 billion, up 23.4% YoY, driven by high oil prices
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CME Group announced plans to launch wind power futures and options contracts in the fourth quarter, aiming to help market participants hedge renewable energy risks.
CME Group, the world's leading derivatives marketplace, plans to launch wind power futures and options contracts, which will be cash-settled and are awaiting regulatory review. These new instruments w
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Brent crude oil fell over 2% to approximately $86 per barrel due to expectations of increased supply from the Strait of Hormuz.
Brent crude futures fell for a third consecutive session on Wednesday (26th), dropping over 2% to approximately $86 per barrel. Market optimism stemmed from Oman and Iran resuming talks on navigation
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Ukrainian Drone Attacks Russia, Killing 3, Destroying a Large Wildberries Warehouse
Yevgeny Pervyshov, the governor of Russia's Tambov region, said on Wednesday that e-commerce giant Wildberries' 100,000-square-meter logistics center in Kotovsk was "completely destroyed" by a fire af
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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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1
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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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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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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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: 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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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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