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Myanmar's stalled gas projects to resume with Thai and other Asian support
Work is getting back underway on developing Myanmar's gas fields after many Western companies pulled out following the country's 2021 military takeover, with energy companies from Thailand and elsewhe
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Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
The move sees Polymarket stepping into a market that rival Kalshi Inc. is also seeking to enter, as trading venues compete to offer round-the-clock access to the commodity.
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Japanese shipping company Mitsui O.S.K. Lines' CFO stated that the "de facto closure" of the Strait of Hormuz has driven up freight rates, leading to increased company profits.
Japanese shipping company Mitsui O.S.K. Lines' CFO stated that the "de facto closure" of the Strait of Hormuz has driven up freight rates, leading to increased company profits.
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Brent crude oil surpassed $97 per barrel on Thursday, and the average price of diesel reached a new high of $5.78 per gallon since 2022.
International benchmark Brent crude rose for a fourth consecutive trading day on Thursday, breaking above $97 per barrel during the session, with a cumulative gain of over 7% this week. The average pr
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Treasury Secretary Bessent praises Chevron's $7B Venezuela oil expansion deal, aiming to double production to 600,000 BPD within five years to ease gas prices
U.S. Treasury Secretary Scott Bessent lauded Chevron's plan to invest over $7 billion with Venezuelan joint-venture partners to double local oil production to 600,000 barrels per day (BPD) within five
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American Resources Corp joins Critical Minerals Institute as inaugural Platinum member
The move strengthens American Resources' position within the rapidly evolving critical minerals sector and underscores its commitment to building secure domestic supply chains. As the Institute's firs
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Ship-tracking data challenges US claims on Hormuz Strait traffic, showing far fewer vessels than Trump's 30-40 daily figure
While US President Donald Trump claimed the US was helping some 30-40 ships cross the Hormuz Strait daily, and Treasury Secretary Scott Bessent stated at least 10 million barrels of oil were passing t
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Panama Canal restricts daily vessel traffic to 34 from Thursday, further to 32 by Sep 15, due to low water levels; one ship paid record $5.3M for transit
Panama Canal authorities announced that from Thursday (September 3), the number of vessels permitted to pass daily will be restricted to 34, down from the traditional 40. This cap will further drop to
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Diamond Hill Capital explained its continued focus on Magnolia Oil & Gas (MGY) in its Q2 2026 investor letter, despite share declines after the US-Iran war ended and the Strait of Hormuz reopened.
Diamond Hill Capital explained its continued focus on Magnolia Oil & Gas (MGY) in its Q2 2026 investor letter, despite share declines after the US-Iran war ended and the Strait of Hormuz reopened.
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Spot silver rises 3% to $67.36/oz
Spot silver rises 3% to $67.36/oz
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Oil Tanker Firms TNK and DHT Surge 74% and 86% YTD as Fleets Avoid Hormuz Amid "Permanent Uncertainty" Over Strait's Oil Flow
Teekay Tankers (TNK) and DHT Holdings (DHT) have seen their shares climb 74% and 86% year-to-date respectively, with both companies' fleets deliberately avoiding the Strait of Hormuz. This comes as Su
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Lindian Resources and Carester plan to build a rare earth separation plant in Kazakhstan and have reached a heavy rare earth offtake agreement.
Australia's Lindian Resources has reached an agreement with France's Carester to develop an 8,000-tonnes-per-annum rare earth oxide (REO) separation facility in Stepnogorsk, Kazakhstan, and has signed
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Ukraine Attacks Repair Vessels at Key Black Sea Oil Moorings
Ukraine attacked a small service vessel that was involved in planned maintenance work at a critical CPC oil mooring facility in the Black Sea, a source familiar with the situation said.
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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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Copper prices remain elevated as traders weigh recent signs of tightening supply.
Copper prices remain elevated as traders weigh recent signs of tightening supply.
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Financial Times: The number of countries globally providing fuel subsidies has exceeded 90, as the deepening energy crisis puts pressure on public finances.
The Financial Times reported that as the energy crisis continues to deepen, the number of countries providing some form of consumer support for fuel costs has exceeded 90, putting pressure on public f
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Global shipping costs surge 201%, nearing 2021 peak; tanker charter rates hit record highs; Saudi Aramco suspends crude oil deliveries due to attacks.
Global shipping costs are experiencing a new round of severe shocks, with container freight rates surging by 201%, nearing the crisis peak of 2021, while geopolitical turmoil has pushed tanker charter
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BofA Securities Raises Memory Chip Price Forecast: DRAM/NAND to See 20-30% QoQ Increase in Q3; Hyperscale Cloud Vendors Have Locked in Higher Prices for Q1 Next Year
Bank of America Securities analyst Simon Woo noted in his latest research report that channel checks confirm DRAM average selling prices (ASPs) will rise by 20-30% quarter-over-quarter in Q3 2026, wit
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Oil prices fell on Monday, with Brent crude down 1.66% to $102.15, due to "surprisingly strong" crude flows from the Middle East; Donald Trump issued a strong warning about a potential US-Iran war.
JPMorgan Chase analysts noted in a September 18 report that despite the disruption to Saudi Arabia's East-West oil pipeline, crude oil flows from the Middle East remained "surprisingly strong," averag
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Deutsche Bank: Gold Price Rally Driven by Reserve Management Institutions, Strait of Hormuz Conflict and Oil Price Decline Outweigh Federal Reserve Rate Hikes
Deutsche Bank's latest metal flow report indicates an anomalous rise in gold prices following the Federal Reserve's rate hike, despite no significant increase in volume from conventional buyers (comme
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China's selective crop buying tests US trade truce ahead of summit
China has met over half of its pledge to buy 25 million tons of US soybeans this year, but progress on a separate commitment to spend billions more on other American crops has largely stalled. These m
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Oil declines in early Asian trade, with WTI down 0.5% at $99.76 and Brent 0.3% lower at $103.54, as concerns over extended supply disruptions from Saudi Arabia ease.
ANZ Research analysts noted that initial concerns over extended disruptions to pipeline flows from Saudi Arabia are easing. Saudi Arabia expects its East-West pipeline to return to about half its capa
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U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, as the war exacerbates global fuel supply tightness.
U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, extending a war-driven rally that is having ripple effects across the economy.
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Ukrainian attacks on Moscow oil refineries escalate the Russia-Ukraine conflict, driving global diesel futures and U.S. retail diesel prices to all-time highs.
Ukraine's Armed Forces General Staff reported that in the early hours of September 20, Ukrainian forces struck Russia's Moscow oil refinery, severely damaging the AVT-6 primary refining unit and other
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Black Sea shipping turmoil impacts wheat market, exacerbating inflation risks
The conflict between Russia and Ukraine has disrupted crucial grain shipments in the Black Sea region, forcing buyers to scramble for alternative supplies and further amplifying global inflation risks
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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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Commodities
24H Trending
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NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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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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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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China's LPR (Loan Prime Rate) has remained unchanged for 16 consecutive months, with the 1-year LPR at 3.0% and the over-5-year LPR at 3.5%. A publication overseen by the central bank stated that "the necessity of directly lowering policy interest rates is not high."
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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: AI Era Reshapes Hardware Cost Reduction Logic, Chip Evaluation Shifts to "Total Tokens Throughput Per Megawatt"
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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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Foreign envoys in Taiwan warn China's maritime pressure challenges 'rules of game at sea'
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CryptoSlate Analysis: Bitcoin's Unmoved Supply for Over a Year Reaching 63.3% Is Not a Strong Bull Market Signal
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The Federal Reserve's Goolsbee Sounds AI Inflation Alarm: Can the Crypto Market Hold the $75,000 Mark?
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