Commodities
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Russian Strikes Near Kyiv Kill 27, Injure 42, Evacuate Hundreds
Overnight drone strikes by Russia targeted the Bucha district in the Kyiv region, killing 27 people, injuring 42 (including four children), and forcing the evacuation of 381. A 14-year-old was also ki
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Glencore threatened with $1.4bn lawsuit from embattled trader Radiant
The Singapore-based iron ore company Radiant has been battling liquidity squeeze.
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Colombia's Gilinski Family and GeoPark Nearing Venezuela Oil Deal
Colombia's richest Gilinski family is nearing an oil deal in Venezuela with Bogota-based GeoPark Ltd., in which the family holds a 28% stake as the largest shareholder.
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Hedge Funds Increase Bullish Bets on U.S. Gasoline at Fastest Pace in Six Months
Hedge funds significantly increased their bullish bets on U.S. gasoline at the fastest pace in six months, according to data from the Commodity Futures Trading Commission.
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Corn futures surged to a more than three-year high, closing up 0.6% on Friday.
On Friday (August 28), corn futures closed up 0.6% at 536.5 cents per bushel, after touching 541.25 cents during the session, a new high since July 28, 2023. This week, corn prices rose by 5.5%, and i
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Japan's Sumitomo Corp. joins copper-gold mine project in northern Chile, with production expected to begin in early 2030s and annual copper output of 5,000 tons
Japan's Sumitomo Corp. joins copper-gold mine project in northern Chile, with production expected to begin in early 2030s and annual copper output of 5,000 tons
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Iran's President Pezeshkian: Iran Sold About 90 Million Barrels of Oil During Interim Deal Implementation
Iran's President Pezeshkian: Iran Sold About 90 Million Barrels of Oil During Interim Deal Implementation
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Chevron is in talks with Venezuela to seek operating rights for two additional oil fields to expand its local operations.
Chevron, currently the only major U.S. oil company still active in Venezuela, has established a joint venture with the national oil company there and now accounts for approximately one-fifth of the co
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The Donald Trump administration is negotiating with Venezuela to secure unprecedented leases for several of the country's oil fields for up to 100 years.
Bloomberg reported, citing sources, that the negotiations aim to secure long-term mining rights in Venezuela to expand U.S. oil supply channels. This move is in response to the war in Iran and the blo
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Iranian President Pezeshkian stated that Iran is ready for cooperation and understanding with regional countries, including Saudi Arabia and the UAE.
Iranian President Pezeshkian stated that Iran is ready for cooperation and understanding with regional countries, including Saudi Arabia and the UAE.
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Silver is down 4.04% today, currently trading at $67.400.
Silver is down 4.04% today, currently trading at $67.400.
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Frontline Ltd. achieved record quarterly profit in Q2 2026, driven by increased VLCC exposure and market inefficiencies.
The company's management noted that market strength is fueled by extreme trade inefficiencies, including a 23% increase in idling days per VLCC, despite an 82% reduction in crude oil exports from the
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BW LPG Q2 Earnings: Strait of Hormuz Closure Fundamentally Alters Global LPG Trade Flows, Declares $0.95 Per Share Dividend
BW LPG Limited stated during its Q2 2026 earnings call that the closure of the Strait of Hormuz has fundamentally altered global liquefied petroleum gas (LPG) trade flows, leading to a 46% decrease in
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Spot silver falls 3% to $67.09/oz
Spot silver falls 3% to $67.09/oz
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SoftBank-backed project to build largest US natural gas power plant in Ohio for AI data center faces mixed resident reception
SoftBank-backed project to build largest US natural gas power plant in Ohio for AI data center faces mixed resident reception
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SpaceX is hiring a natural gas trader to build a new trading team, supporting its growing fuel and power needs including a planned gas-fired power plant for a Texas semiconductor facility.
The move aims to secure fuel and power for SpaceX's operations, including a massive semiconductor manufacturing facility it is developing in Texas with Tesla. SpaceX's Starship rocket uses super-chill
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Russia's gasoline output fell to about 70% of domestic consumption at the end of August, sources say
Russia's gasoline output fell to about 70% of domestic consumption at the end of August, sources say
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Japan's Osaka Gas begins basic design work on a planned U.S. e-methane plant, targeting exports to Japan by fiscal 2030
The facility will produce synthetic methane (e-methane) as a renewable-energy-assisted alternative to natural gas, made from hydrogen and CO2, with the aim of shipping the fuel to the Japanese market.
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Rising gold prices are fueling illegal mining and deforestation in Peru's Amazon region, making it one of South America's largest illicit economies.
Rising gold prices are fueling illegal mining and deforestation in Peru's Amazon region, making it one of South America's largest illicit economies.
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Chevron and other U.S. firms are nearing deals to invest billions in Venezuelan oil fields, potentially adding two heavy-oil fields to Chevron's portfolio
Chevron and other U.S. energy companies are nearing deals to invest billions of dollars in Venezuela’s oil fields, positioning President Trump for a win after months of slow negotiations. Chevron is c
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U.S. uranium production more than tripled in 2025 to 2.1 million pounds, highest since 2017
U.S. uranium concentrate (U3O8) production in 2025 totaled 2.1 million pounds, marking a more than threefold increase from 2024 and the highest volume since 2017.
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Gulf Tanker Rates Near $650,000/Day as Iran War Disrupts Crude Shipments
Daily earnings for vessels shipping crude oil from Saudi Arabia to China reached a record $647,000 on Thursday, more than ten times the level of a year ago, according to data from the Baltic Exchange.
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Silver September futures rise to $71.13/ounce today, up from $69.35 open, ahead of Fed Chair Warsh's Jackson Hole speech
Silver September futures opened at $69.35 per ounce on Friday, August 28, down 0.1% from Thursday's close, but moved higher to reach $71.13 as of 7:57 a.m. ET. Investors are closely watching the marke
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Al Jazeera: A six-month review of the US-Israel war on Iran has resulted in 4,350 deaths in Lebanon, 3,527 deaths in Iran, a cost of $37.5 billion for the US, and a 22% rise in Brent crude oil.
Al Jazeera has released a report reviewing the impact of the US-Israel war on Iran over the past six months. As of August 28, the conflict has resulted in at least 4,350 deaths in Lebanon, 3,527 in Ir
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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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The Senate failed to pass a cryptocurrency ethics rule because it did not cover the interests of officials' adult children.
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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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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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Ed Sheeran calls Gaza situation 'catastrophic,' 'unjustifiable,' and 'disproportionate' as US tour resumes
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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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