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Commodities
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Dune Oil Appoints Scott Lower as CEO, Jordan Coleman as COO, Neil Maedel as Director; Sets November 16 Annual General Meeting
Dune Oil Corp (CSE:DUNE) announced the appointment of Scott Lower, previously president, as its new Chief Executive Officer. Jordan Coleman was named Chief Operating Officer, and Neil Maedel joined th
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Chicago wheat futures surged to $7.55 per bushel, reaching a new high since July 2023, due to disruptions in Black Sea grain exports.
Chicago wheat futures closed at $7.55 per bushel on Thursday, up 0.9%, marking their highest closing price since July 2023 and poised for their largest monthly gain since Russia's full-scale invasion
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Weak Asian oil imports challenge US claims of surge in Hormuz transits
Data compiled by commodity analysts Kpler indicates Asia is expected to import 23.12 million barrels per day (bpd) of crude oil this month, slightly down from 23.36 million bpd in July. This contradic
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Oil flows through Strait of Hormuz rise as Middle East producers boost exports, helping to keep crude prices in check
Oil flows through Strait of Hormuz rise as Middle East producers boost exports, helping to keep crude prices in check
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Iran's Deputy Oil Minister Says Around 40% of Damaged South Pars Gas Field Capacity is Back into Production
Iran's Deputy Oil Minister Says Around 40% of Damaged South Pars Gas Field Capacity is Back into Production
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Iran's Oil Minister says oil exports continue despite volume decline, citing security concerns for lack of details.
Iran's Oil Minister says oil exports continue despite volume decline, citing security concerns for lack of details.
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Silver September futures opened at $68.09/ounce on Thursday, up 0.1% after inflation report, reaching $68.99
Silver September futures opened at $68.09 per ounce on Thursday, August 27, 2026, up 0.1% from Wednesday's closing price, and reached $68.99 by 8:17 a.m. ET. This followed the Personal Consumption Exp
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UBS sees opportunities in commodities beyond oil, including copper, agricultural products, and gold, believing they offer returns and inflation protection.
UBS believes copper will benefit from AI infrastructure and electrification development; wheat and corn are rising due to a strong El Niño phenomenon that could trigger supply tightness; gold continue
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Oil prices rise as traders weigh prospects of easing Middle East supply disruptions; Brent crude up 0.81% to $88.55, WTI up 0.34% to $82.51
Oil prices rose on Thursday, with Brent crude futures up 0.81% to $88.55 a barrel and West Texas Intermediate crude futures gaining 0.34% to $82.51. Traders are weighing signs of diplomatic progress i
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U.S. copper futures surged to an all-time high of $6.7095 per pound on Tuesday.
U.S. front-month copper futures for August delivery hit an all-time high of $6.7095 per pound on Tuesday before retreating on Wednesday. The London Metal Exchange (LME) benchmark three-month copper co
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Enbridge Forms $1.95 Billion Joint Venture with KKR and Apollo Global Management to Expand British Columbia Natural Gas Pipeline System
Enbridge Forms $1.95 Billion Joint Venture with KKR and Apollo Global Management to Expand British Columbia Natural Gas Pipeline System
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DBS Group Research maintains "buy" rating on Cnooc with HK$30 target price
DBS Group Research expects China National Offshore Oil Corporation (Cnooc) earnings to remain resilient, citing its globally competitive cost base, strong project pipeline, and 6%-7% dividend yield. T
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Bitfinex Securities completes record $50M tokenized capital raise for Alkemya, with tokens representing interests in nickel assets
Bitfinex Securities completes record $50M tokenized capital raise for Alkemya, with tokens representing interests in nickel assets
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US Shale Drillers Boost Oil Production with Improved Chemicals
The industry is using chemicals called surfactants to help stem a slowdown in crude output growth.
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OPEC+'s share of global oil production fell to about 40% in July, down from over 48% before the conflict, indicating a shift in oil market dominance from supply to demand.
According to Reuters' calculations based on International Energy Agency (IEA) data, OPEC+'s share of global oil production has fallen from over 48% before the Middle East conflict at the end of Februa
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Dongwu Securities Macro Team Report: The synchronous rise in gold, copper, and oil is a multi-factor resonance. Gold is expected to reach $5,000/ounce, and Brent crude oil may remain at $80-90/barrel.
The macro team at Soochow Securities stated in a deep dive report published on August 26 that the recent rare simultaneous rise in gold, copper, and crude oil is not a simple broad commodity rally. In
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Strait of Hormuz traffic drops 95% to five vessels daily, disrupting global shipping and energy flows
Six months into the US-Israel war on Iran, the closure of the Strait of Hormuz has caused one of the worst maritime shipping disruptions in decades. Traffic through the critical chokepoint has fallen
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European spot LNG prices surged to $22.83 per million British thermal units, a new three-year high, amid escalating concerns over supply disruptions in the Strait of Hormuz.
According to Argus Media data, spot LNG prices in Northwest Europe rose to $22.83 per million British thermal units earlier this week, more than double the price a year ago and the highest since Janua
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TotalEnergies expects $1.3 billion loan repayment as it exits Russia's Arctic LNG 2 project
The company completed its exit from the US-sanctioned liquefied natural gas venture by transferring its 10% stake to a subsidiary of Novatek PJSC, the Russian operator. TotalEnergies retains its right
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CIA Director Ratcliffe reportedly warned Iran during his visit to Moscow that it would face additional sanctions if the Strait of Hormuz was not reopened for navigation.
According to CBS News, CIA Director John Ratcliffe, during his secret visit to Moscow, also mentioned Iran, warning of additional sanctions if the strategically important Strait of Hormuz is not reope
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Chinese container shipping companies are expected to see significant profit growth as freight rates surge to a two-year high.
Chinese container shipping companies are poised for a profitable harvest, consistent with the performance of their regional and global peers. Freight rates have surged to a two-year high.
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Kioxia and Western Digital (SanDisk) have partnered to build a third wafer fabrication plant in Iwate Prefecture, Japan, to expand NAND flash memory production to meet AI storage demand.
The new factory will focus on producing the latest generation of high-density 3D NAND flash memory chips, and plans to apply for subsidies from the Japanese government. Kioxia CEO Hiroo Ota and SanDis
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Boliden to acquire controlling stake in Nexa Resources for $1.3 billion
Swedish mining group Boliden AB has agreed to acquire Votorantim SA’s stake in zinc and silver producer Nexa Resources SA. This deal will give Boliden control of Nexa and expand its operations into Br
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Daewoo E&C Chairman meets Vietnamese Industry and Trade Minister to discuss participation in energy projects
Daewoo Engineering & Construction (Daewoo E&C) Chairman Jung Won-joo met with Vietnamese Industry and Trade Minister Le Manh Hung in Seoul on Wednesday to discuss the Korean builder's willingness to b
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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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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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Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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Google executive says Asia's AI adoption is outpacing perception, with demand rising for cost-effectiveness
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Ed Sheeran calls Gaza situation 'catastrophic,' 'unjustifiable,' and 'disproportionate' as US tour resumes
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