Commodities
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Equinor starts operations at 100MW/200MWh Citrus Flatts energy storage facility in Texas
The facility, located in Harlingen, is Equinor's largest energy storage project in the US to date and its fifth battery storage site put into commercial service in the past four years. It was complete
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Russia's oil revenue sank to a six-month low in August, due to lower export prices
Russia's oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine.
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Donald Trump reposted a tweet stating that Syria is positioning itself as an alternative to the Strait of Hormuz.
Donald Trump retweeted a post on Truth Social stating that Syria is positioning itself as an alternative to the Strait of Hormuz, aiming to become a hub in the Middle East that offers an option to byp
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Spot gold extends gains, rising nearly 2% to $4,472.85/oz
Spot gold extends gains, rising nearly 2% to $4,472.85/oz
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EnQuest H1 Cash Revenue Rose 18% to $609M, Malaysian Acquisition On Track to Double Production, Narrows Full-Year Output Guidance to 41,000-43,000 Boepd
EnQuest (LON:ENQ) reported its first-half cash revenue increased 18% to $609 million, adjusted EBITDA rose 13% to $273 million, and operating cash flow climbed 31% to $281 million. The company's acqui
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Nodal Exchange plans to launch futures contracts on AI computing power, aiming to rival CME and ICE
Nodal Exchange Holdings, LLC is seeking to launch futures contracts on computing power for artificial intelligence chips, joining a host of firms rushing to do the same.
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Bloomberg: Europe Faces Costly Winter Amid Soaring Energy Prices and Insufficient Fuel Reserves
Bloomberg reports that Europe is bracing for a costly winter, unprepared for higher consumption due to soaring energy prices and insufficient fuel reserves.
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Kyrgyzstan hosts SCO summit, Putin calls it the center of an emerging multipolar world; Iranian President Pezeshkian calls on the US to fulfill JCPOA commitments
At the Shanghai Cooperation Organization (SCO) summit in Bishkek, Kyrgyzstan, Russian President Vladimir Putin stated that the SCO has evolved into one of the independent and influential centers of th
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EnQuest CEO Amjad Bseisu tells CNBC the company is interested in buying BP’s U.K. North Sea assets
BP announced on July 31 that it had launched a process to sell its U.K. North Sea business. Bseisu said there is still a "tremendous opportunity" in the U.K. oil and gas sector. EnQuest recorded an ad
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QatarEnergy cancels 29 LNG deliveries due to force majeure, lasting until early November.
Al Jazeera's analysis indicates that QatarEnergy has informed its European client, Edison, that its liquefied natural gas (LNG) deliveries will remain suspended until early November due to force majeu
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China Merchants Securities: El Niño has impacted Peruvian fishmeal and the Panama Canal, with a probability exceeding 90% for an extremely strong El Niño in autumn/winter 2026.
China Merchants Securities' latest research report indicates that the El Niño phenomenon has already impacted supply chains through two main channels: first, by increasing aquaculture feed costs due t
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Taiwan Proposes Over $13 Billion Funding to Secure LNG as Electricity Price Freeze Expires
Taiwan has proposed more than $13 billion in funding, mainly for its state-run energy companies, to secure liquefied natural gas (LNG) and shield electricity users when a price freeze expires at the e
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Bangladesh Pays Highest LNG Price Since 2022 to Ease Power Outages
Bangladesh was forced to pay the highest price for liquefied natural gas (LNG) in about four years to ease rolling power outages, a move that is likely to drive up the country's energy costs.
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US Retail Diesel Prices Hit Four-Year High, Topping Iran War Peak and Approaching Record as Global Supply Strains Persist
US Retail Diesel Prices Hit Four-Year High, Topping Iran War Peak and Approaching Record as Global Supply Strains Persist
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The Japanese Yen surged to a three-week high of 157.63 against the US Dollar, as markets remained vigilant for potential intervention by Japanese authorities. Brent crude oil fell over 1% on the day to $94.67 per barrel after Donald Trump downplayed the likelihood of a prolonged conflict between the US and Iran.
The Japanese Yen strengthened against the US Dollar for a second consecutive trading day, rising to 157.63 at one point and hitting a three-week high, fueling speculation that Japanese authorities mig
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Analysts: China's Support for Iran Shows Limitations as US Pressure Mounts
Analysts point out that China's support for Iran is being balanced against its other relationships in the region, including those with the United States and Gulf states. Despite China's opposition to
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Implats Hikes Dividend as Profit Soars 40-Fold on Platinum Price Rally
Impala Platinum Holdings Ltd. announced a bulked-up dividend after profit in the last fiscal year soared more than 40-fold on a recovery in metal prices.
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ANZ Says Copper Could Hit Record Early Next Year Due to Tariff Concerns, Supply Challenges and Resilient Demand
ANZ Says Copper Could Hit Record Early Next Year Due to Tariff Concerns, Supply Challenges and Resilient Demand
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South Korea's Posco partners with Australia's BHP to commercialize hydrogen-based steelmaking technology.
POSCO said the two companies signed the HyREX cooperation agreement on Thursday to test BHP's iron ore to determine the most suitable raw materials for the commercial production of its hydrogen-based
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Asian spot LNG prices surged to $25.908/mmBtu on Wednesday evening, reaching their highest level since December 2022, following an escalation of the situation in the Middle East.
Renewed tensions in the Middle East and the risk of supply disruptions in the Strait of Hormuz have sparked widespread market concern. According to traders, Asian spot LNG prices have risen by over 5%
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WMO forecasts current El Nino almost 100% likely to persist through February 2027, bringing drought and elevated temperatures to much of Asia.
WMO forecasts current El Nino almost 100% likely to persist through February 2027, bringing drought and elevated temperatures to much of Asia.
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Asian Economies Accelerate Domestic Oil and Gas Storage Expansion After Strait of Hormuz Crisis, with Japan, India, South Korea, and China Unveiling Specific Plans
Asian economies are increasing their oil and gas storage capacity closer to home to reduce reliance on Middle East conflicts. Japan launched a $10 billion POWERR Asia initiative to help Southeast Asia
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Kuwaiti forces repelled Iranian missile and drone attacks on Thursday, and Donald Trump said a new round of hostilities in the Middle East would not "last long."
Kuwait's military said on Thursday it was countering missile and drone attacks from Iran and advised residents to follow safety instructions. This follows U.S. President Donald Trump's statement on We
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China's upcoming export restrictions on critical minerals are attracting investment interest from Japan and Western countries in Malaysia's rare earth reserves.
Malaysia's rare earth reserves are attracting increased foreign investment as Japan and Western nations seek to diversify their supply chains, following China's plans to implement stricter export cont
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Donald Trump stated that he will meet with the leaders of China and Russia at the APEC summit next week to discuss ending the Iran war and denuclearization.
Donald Trump stated that he will meet with the leaders of China and Russia at the APEC summit next week to discuss ending the Iran war and denuclearization.
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China's October PPI rose 5.7% year-on-year, hitting a fresh high of over four years, while CPI year-on-year growth slowed to 0.7%
China's October PPI rose 5.7% year-on-year, hitting a fresh high of over four years, while CPI year-on-year growth slowed to 0.7%
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Hanwha Aerospace to Test Chunmoo Naval Missile System in the US
South Korea's Hanwha Aerospace will test its shipborne Chunmoo missile system in the United States to evaluate the adaptability of deploying the land-based system onto naval vessels. Later this month,
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China's October PPI rose 5.7% year-on-year and 0.7% month-on-month.
China's October PPI rose 5.7% year-on-year and 0.7% month-on-month.
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Hyundai Motor's hydrogen brand HTWO has partnered with Air Liquide to expand hydrogen mobility in China.
Hyundai Motor's hydrogen brand HTWO has partnered with Air Liquide to expand hydrogen mobility in China.
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Trump plays down expectations of new attacks on Iran, international oil prices fall intraday
Donald Trump downplayed expectations of new strikes on Iran, causing international oil prices to drop during the session; Brent crude fell over 0.5% to $97.67 per barrel, and U.S. crude futures droppe
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According to Al Jazeera on November 9, over 70% of the Kurdistan region in northern Iraq experienced power outages following a drone attack on the Khor Mor gas facility.
According to Al Jazeera on November 9, over 70% of the Kurdistan region in northern Iraq experienced power outages following a drone attack on the Khor Mor gas facility.
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Donald Trump urges Senate to pass American Affordability and Jobs Act, pushing for energy and permitting reform
Donald Trump urged the Senate to pass the American Affordability and Jobs Act (S. 5653), calling the legislation a major step forward for U.S. energy independence and dominance that will accelerate th
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IRGC: Three Oil Tankers Catch Fire in Strait of Hormuz Since Early Hours of Nov 8
According to a live broadcast by Al Jazeera on November 8, the Navy of the Islamic Revolutionary Guard Corps (IRGC) of Iran stated in a Telegram statement that day that since the early morning, three
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Drone attack hits Khor Mor gas field in Iraqi Kurdistan, slashing power generation by about 2.8 gigawatts
Omid Ahmed, a spokesperson for the Ministry of Electricity in the Kurdistan Regional Government of Iraq, stated that a drone attack on the Khor Mor gas field in Iraq has resulted in a reduction of nea
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Iranian state media reports that the U.S. military launched "projectiles" at Qeshm Island
Citing Al Jazeera and Iranian state media reports, the U.S. military fired "projectiles" at Qeshm Island in the Strait of Hormuz on Sunday evening local time. The Islamic Republic News Agency (IRNA) p
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Trump stated that the U.S. military's "Iron Gate" Task Force is now fully operational, working in coordination with the maritime blockade to deter Iran.
Trump stated that the U.S. military's "Task Force Iron Gate" is now fully operational, working in coordination with a naval blockade to curb Iran; U.S. President Donald Trump posted on social media th
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Drone attack hits Khor Mor natural gas field in Iraq's Kurdistan region
A drone attack hit the Khor Mor gas field—one of the largest natural gas fields in the region—located in the Sulaymaniyah Governorate of the Iraqi Kurdistan Region. The party responsible for the attac
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Houthis Claim Saudi-Led Coalition Carried Out 91 Airstrikes and Missile Attacks in Yemen Over Past 24 Hours
The Houthis stated that the Saudi-led coalition carried out 91 airstrikes and missile attacks in Yemen over the past 24 hours, affecting six Yemeni provinces and causing civilian casualties. The group
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According to the Islamic Republic News Agency (IRNA), explosions were heard on Iran's Qeshm Island, though there has been no official confirmation yet.
According to the Islamic Republic News Agency (IRNA), explosions were heard on Iran's Qeshm Island, though there has been no official confirmation yet.
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Saudi-led coalition says it destroyed a Houthi missile launcher in Sanaa, Yemen.
The Saudi-led coalition announced that it has destroyed a missile launcher belonging to the Houthis in Sana'a, Yemen. Coalition spokesman Turki al-Maliki stated that the launcher had previously been u
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Iraq and the US have reached an understanding on exporting oil through the shipping lanes near Oman in the Strait of Hormuz, and exports are continuing.
Iraq and the US have reached an understanding on exporting oil through the shipping lanes near Oman in the Strait of Hormuz, and exports are continuing.
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Syria condemns the attack on the Saudi Aramco building in Riyadh, pointing the finger of blame at the Houthis
Syria has condemned the attack on the Saudi Aramco building in Riyadh, pointing the finger at the Houthis. In a statement posted on X, the Syrian Ministry of Foreign Affairs expressed "full solidarity
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Saudi coalition destroys two Houthi missile launchers in Saada, Yemen
The Saudi-led coalition in Yemen announced that it had destroyed two ballistic missile launchers in Saada, northwestern Yemen. A coalition spokesperson stated that the Houthi movement had previously u
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Research: Data Center Demand Projections Drive ~$5.7B Swing in PJM Capacity Auction Revenue
According to CryptoSlate, Monitoring Analytics, the independent market monitor for PJM, has recalculated the capacity auction for the 2028–2029 delivery year: under a scenario where existing data cent
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Qatar condemns Houthi missile and drone attacks on Saudi Arabia
Qatar has condemned the Houthi missile and drone attacks targeting Saudi Arabia. In a statement released by the Qatari Ministry of Foreign Affairs, the attacks launched by the Houthi movement against
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Yemeni Houthi armed forces claim attacks on Saudi Arabia's King Khalid Airport and Aramco oil facilities
Yemen's Houthi movement claimed it has launched attacks on Saudi Arabia's King Khalid International Airport and Saudi Aramco oil storage tanks. Houthi military spokesperson Yahya Sarea stated that the
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Huaxin Cement invests $1.64 billion to acquire a 99.99% stake in Brazil's CSN Cimentos
Huaxin Cement invests $1.64 billion to acquire a 99.99% stake in Brazil's CSN Cimentos
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A Finnish startup is using Bitcoin miners to provide free residential heating, provided that BTC stays above $70,000.
A Finnish startup is providing free residential heating using Bitcoin miners, on the condition that BTC stays above $70,000. According to CoinDesk, the company is using 30 Bitcoin mining systems for c
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EGX Token Analysis: Enegra and EagleX Project Status and Potential Considerations
EGX tokens primarily refer to Enegra (EGX), a tokenized security issued on the Polygon blockchain, representing equity in Enegra Group Ltd., a company specializing in commodity trading. Enegra Group possesses audited net asset value of physical commodity off-take exceeding $33 billion. As a security token, its trading and holding are subject to KYC/AML restrictions. Additionally, there is another token with the same ticker, EagleX (EGX), in the market, but it currently has zero trading volume and extremely low market activity. This article will discuss the current status and characteristics of these two EGX tokens separately.
Commodities
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