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China's Oil Demand Revival Spurs Price Spikes for African, Canadian and Latin American Crudes
A rebound in Chinese oil buying is driving up prices for African, Canadian and Latin American crudes, as disruptions in the Strait of Hormuz lead refiners to seek alternatives farther afield.
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GS Caltex Vice Chair Hur Sae-hong seeks to shift company focus from refining to higher-value, lower-carbon businesses
Amid sweeping changes in global energy markets, GS Caltex Vice Chair Hur Sae-hong is leading South Korea’s energy and chemical company beyond its decades-old focus on refining volumes toward higher-va
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UK FTSE 100 futures held steady, and international oil prices approached $98.
UK FTSE 100 futures held steady, and international oil prices approached $98.
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Vanda Insights Founder Hari Says Oil Prices to Keep Grinding Higher Amid US-Iran Escalation Around Strait of Hormuz
Hari noted that crude futures are not fully reflecting the physical market tightness, pointing to diesel prices near $200 a barrel in Atlantic markets and warning of further scarcity in the coming wee
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Palm Oil Climbs as Indonesian Forest Fires Puts Supply at Risk
Palm oil prices rose as traders weighed the risk of supply disruptions from forest fires raging across Indonesia, the world’s biggest producer.
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Iron Ore Tops $100 for First Time in Seven Weeks
Iron ore prices broke above $100 a ton for the first time in seven weeks, driven by traders unwinding positions that favored coking coal. The rally was further supported by expectations of pre-holiday
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Global Oil Traders Gather in Singapore to Discuss New Market Risks Amidst Conflict
After months of conflict, global oil markets are showing new signs of strain, with anxious buyers and pressured executives gathering in Singapore for the region's main industry conference to confront
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Brent crude rose 0.4% and WTI rose 0.6% to $92 a barrel as mutual attacks on oil tankers by the US and Iran pushed oil prices higher.
Brent crude rose 0.4% and West Texas Intermediate (WTI) crude climbed 0.6% to $92 a barrel on Monday after the Iranian Islamic Revolutionary Guard Corps Navy claimed responsibility for attacking sever
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Iran says it will announce the Strait of Hormuz a "no-go zone" in the coming days, and any vessels entering will be added to its sanctions list.
Rezaei, Secretary of Iran's Supreme National Security Council, announced on the 6th that in the coming days, Iran will declare a "no-go zone" in the Strait of Hormuz region. This zone will extend from
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Tamboran Resources delivers first gas sales from Beetaloo Basin's Shenandoah South Pilot Project, entering commissioning phase
Tamboran Resources Corporation and joint venture partner Daly Waters Energy, LP (DWE) delivered the first gas from the Shenandoah South Pilot Project in Australia's Northern Territory Beetaloo Basin i
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Oil Climbs as US Attacks Iranian Tankers, Iran Declares New Restricted Zone Near Hormuz Strait, Fueling Energy Flow Disruption Concerns
Oil Climbs as US Attacks Iranian Tankers, Iran Declares New Restricted Zone Near Hormuz Strait, Fueling Energy Flow Disruption Concerns
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Iran's Foreign Ministry spokesperson accused the United States of disrupting the Strait of Hormuz, stating that the U.S. provokes conflict while other countries bear the economic costs.
Iranian Foreign Ministry spokesman Esmaeil Baqaei accused the United States of instigating conflict and expecting other countries to bear its economic costs. Baqaei stated that the Strait of Hormuz wa
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US Oil Majors Employ Hardball Tactics in Labor Disputes, Using Lockouts and Replacement Workers to Seek Concessions
Major US oil companies are increasingly adopting aggressive strategies in labor negotiations, including lockouts and the use of replacement workers, to secure concessions from unions. This trend, exem
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Chevron to invest over $7 billion in Venezuela, aiming to double oil output to 600,000 bpd over five years
Chevron has signed a landmark deal to significantly expand its operations in Venezuela, with CEO Mike Wirth stating that the company's patience in the region has paid off. The agreement will see Chevr
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Trump official says ‘there may not be a nuclear agreement’ with Iran
US Energy Secretary Chris Wright stated in an interview on Sunday that a nuclear deal with Iran may not be possible, signaling that the US could pivot to destroying Iran's nuclear capabilities instead
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Data shows that crude oil exports through the Strait of Hormuz in August decreased by 39% year-on-year, and Iran's exports may fall to zero.
Middle Eastern crude oil exports in August were down 39% from the January-February baseline of 18.5 million barrels per day (bpd), with a current deficit of 7.2 million bpd, according to data released
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Citi and ANZ raise Brent crude forecasts, citing Middle East supply disruptions and Strait of Hormuz issues
Citi increased its third-quarter 2026 Brent forecast to $86 per barrel, describing the current situation, including a U.S. blockade of Iran and reduced oil flows through the Strait of Hormuz, as unsus
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Bruker (BRKR)'s Energy & Superconductor Technologies division announced on September 4 a collaboration with Luvata Materials & Solutions to expand the production of RRP superconductors for magnetic confinement fusion.
The move comes as countries and private developers worldwide race to build fusion demonstration plants. Bruker's RRP superconductors have previously been used in advanced superconducting plasma facili
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Sugar Prices Surge 21.5% in August, Strongest Monthly Gain Since 2010, Outperforming S&P 500 YTD Amid Supply Deterioration
Sugar prices surged 21.5% in August, marking its strongest monthly gain since October 2010, and are now up about 20% year-to-date, outperforming the S&P 500's nearly 13% advance. This rally reflects a
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Iran's Parliament Speaker Warns of 'Faster, Heavier, More Painful' Response to U.S. Attacks, Acknowledges Mounting Economic Pressure
Mohammad Bagher Ghalibaf, Iran's parliament speaker and top negotiator, stated on Sunday that Iran's "proportionate responses" to U.S. attacks are over, warning that any future violation of Iran's int
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US Treasury Secretary Scott Bessent says Iran has about 30 million barrels of crude left for potential Chinese buyers
The Trump administration is intensifying economic pressure on Iran through sanctions and a blockade. Bloomberg News Middle East Reporter Dan Williams notes this strategy also amounts to a test of endu
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OPEC+ Key Members Decide to Maintain Oil Production Quotas
OPEC+ major members have decided to maintain oil production quotas, following significant oil output shutdowns in the Middle East due to the war in Iran.
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US Navy conducts risky mission to de-mine the Strait of Hormuz
US Navy divers, boats, and robots have made covert night-time trips to dispose of explosives in the crucial channel, according to the Financial Times.
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Iran's Revolutionary Guard claims new attack on US warships in Strait of Hormuz
Iran's Revolutionary Guard announced it fired ballistic missiles at a U.S. aircraft carrier and a destroyer in response to a naval blockade, escalating the standoff in the Strait of Hormuz.
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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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Macron to Convene G7 Meeting to Discuss Strategic Oil Reserve Release After European Diesel Retail Prices Exceed $300
French President Emmanuel Macron stated on Friday that he would convene a G7 meeting within weeks to discuss the possibility of releasing strategic petroleum product reserves. This move signals Europe
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Commodities
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Anthropic's potential $2 trillion IPO fuels nearly $80 million in crypto derivatives bets
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Nippon Life plans to invest $12.7 billion (2 trillion yen) in infrastructure financing, primarily for data center construction in the US
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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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What is Shiba Inu (SHIB)? An Analysis of Shiba Inu's Current Status and Trading Channels
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Decentralized Applications (DApps) Explained: Reshaping the Foundation of the Web3 Ecosystem
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Wu Blockchain: Interpol expands "Silver Notice" system, identifying at least €36 million in criminal assets
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ODMCoin (ODMC) Project Review: A Blockchain Attempt at Oil and Gas Waste Treatment
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Nick Timiraos reposted VKMacro's tweet: Japanese officials say failure to raise interest rates as demanded by the U.S. could escalate into a diplomatic issue.
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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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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