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Commodities
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Iran claims one of its oil tankers was attacked by U.S. missiles near Kharg Island, causing international crude oil futures to extend gains during trading. WTI crude rose over 2% to approach $94, and Brent crude neared $99.
According to CCTV News, citing Iranian sources, an Iranian oil tanker was attacked by US missiles approximately 4 miles off Iran's Kharg Island on Tuesday evening, September 8, local time. There were
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US military downplays Iran's seizure of unmanned underwater vessel in Strait of Hormuz, stating it was "defective" and contained "no sensitive data."
The U.S. military stated on Tuesday that an unmanned underwater vehicle (UUV) seized by Iran in the Strait of Hormuz was "defective" and did not carry any sensitive data or classified equipment. This
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Google partners with Nevoya to deploy 25 electric heavy-duty trucks in Texas, expanding the zero-emission freight market.
Google announced a partnership with Nevoya and the Center for Green Market Activation to deploy 25 electric heavy-duty semi-trucks and associated charging infrastructure on an all-electric transportat
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The Prime Minister and Minister of Foreign Affairs of Qatar concluded his visit to China. China and Qatar agreed to strengthen cooperation in energy, investment, and high-tech sectors, and to deepen coordination on the situation in the Strait of Hormuz.
Qatar's Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani, concluded a two-day visit to China, with officials from both nations declaring that bilateral relations have ente
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Iran's Joint Military Command says it will 'heavily target' U.S. interests in the Middle East if Iranian vessels are attacked, state media reports.
Iran's Joint Military Command says it will 'heavily target' U.S. interests in the Middle East if Iranian vessels are attacked, state media reports.
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Japan Engine and partners complete world-first large-ship hydrogen engine, cutting CO2 emissions over 95%; first unit to be installed on Mitsui O.S.K. Lines vessel by January 2027.
Japan Engine and partners complete world-first large-ship hydrogen engine, cutting CO2 emissions over 95%; first unit to be installed on Mitsui O.S.K. Lines vessel by January 2027.
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Copper prices surged to an all-time high on Monday, with LME copper reaching $14,617 per ton and Comex copper futures trading at $6.85 per pound, driven by tight supply and tariff expectations.
Copper prices surged to a new all-time high on Monday (September 7), with London Metal Exchange (LME) copper hitting $14,617 per ton and Comex copper futures trading at $6.85 per pound. Market expecta
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Copper prices hit a new high of $14,694/ton, as Morgan Stanley lowers its global copper mine supply forecast, potentially marking the first annual decline since 2017.
Copper prices on Tuesday (September 8) hit a new record of $14,694 per ton during trading on the London Metal Exchange (LME), closing at $14,673, up 1.5% for the day. Morgan Stanley has lowered its fo
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Brent crude oil prices are once again approaching $100 per barrel, driven by Houthi attacks and U.S. strikes on Iranian oil tankers.
Brent crude oil prices are once again nearing $100 per barrel, as escalating Middle East tensions, fueled by Houthi attacks and US strikes on Iranian oil tankers, pushed oil prices above $99 per barre
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French energy distributor Rubis raised its full-year earnings guidance, with first-half profit up 17%, sending its shares up about 5%.
French energy distributor Rubis reported strong first-half results and raised its full-year outlook. For the six months ended June, the company's revenue increased by 24% to €4.07 billion, EBITDA rose
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Qatar's Q2 fiscal deficit hit a near decade high of $5.8 billion, impacted by the US-Iran conflict and the blockade of the Strait of Hormuz. LNG exports plummeted by 90% to less than 2 million tons. The IMF projects an economic contraction of over 8% this year.
Qatar's Ministry of Finance announced that the country's budget deficit reached 21.2 billion riyals (approximately $5.8 billion) in the second quarter, the highest level since late 2016. Due to the de
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Iran's Tasnim News Agency, citing IRGC, claims Iran destroyed a U.S. MQ1 drone over the Strait of Hormuz; U.S. has not confirmed the report.
Iran's Tasnim News Agency, citing IRGC, claims Iran destroyed a U.S. MQ1 drone over the Strait of Hormuz; U.S. has not confirmed the report.
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Analysis indicates that pipeline companies can maintain profitability amidst oil price fluctuations due to their long-term, volume-based contract models.
Yahoo Finance analysis points out that pipeline operators charge based on transportation volume through long-term contracts, making their business models immune to oil price fluctuations. For example,
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China Ships Out First Sulfuric Acid Cargo Since Halt on Exports
China has allowed its first outbound shipment of sulfuric acid since May, offering some relief to copper producers squeezed by a global shortage after the Iran war choked off Middle East supplies.
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Iran's IRGC Navy Claims Capture of U.S. Unmanned Submarine Near Strait of Hormuz Entrance
Iran's Islamic Revolutionary Guard Corps (IRGC) Navy claims it captured a U.S. unmanned submarine near the entrance to the Strait of Hormuz. The IRGC stated the operation relied on intelligence and op
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U.S. Treasury Sanctions 27 Iranian Airlines and Other Entities, Warns of Global Financial System Cut-off
The U.S. Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other entities as part of its ongoing "Operation Economic Outcast" to isolate Iran's economy. Treasury Secretary
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Rio Tinto plans to take over the Aurukun bauxite project in Queensland, Australia, from a joint venture between Glencore and Mitsubishi Development.
Rio Tinto announced plans to take over the Aurukun bauxite project in Queensland, Australia, from a joint venture between Glencore and Mitsubishi Development. The transaction is subject to approval fr
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OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
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Saudi and Russian Foreign Ministers discuss political cooperation, Houthi attacks on Saudi Arabia, and regional confrontation at Moscow press conference
The discussion at the joint press conference covered key topics including political cooperation with Russia, Houthi attacks on Saudi Arabia, and the confrontation involving Washington, Tel Aviv, Tehra
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Torrent Green Energy commissions 322MWp of solar projects in India
Torrent Green Energy, a wholly owned subsidiary of Torrent Power, has commissioned 322MW-peak (MWp) of decentralized, ground-mounted solar power projects in Nashik, Maharashtra, India. These installat
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OPEC+ has paused its production increase, but its control over oil prices is weakening due to disruptions in the Strait of Hormuz and member withdrawals. Diesel prices have hit a new all-time high.
OPEC+ held a virtual meeting on Sunday, September 6, deciding to keep oil production targets for October at the same level as September, ending six consecutive months of increases. However, analysis i
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LME copper prices surged past $14,700 per ton on Tuesday, reaching a new intraday high. This was driven by an unresolved U.S. review of refined copper tariffs, which has diverted over a million tons of copper to the United States.
London Metal Exchange (LME) copper prices surpassed $14,700 per ton during Tuesday's trading, setting a new historical record. This rally is primarily driven by a regional mismatch in global copper in
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**UNCTAD Warns: Disruption in Strait of Hormuz Hitting SMEs Hardest, Threatening to Expel Them from Global Supply Chains**
The United Nations Conference on Trade and Development (UNCTAD) stated on Tuesday that ongoing disruptions in the Strait of Hormuz could lead to small and medium-sized enterprises (SMEs) being squeeze
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Atha Energy continues streak at Angilak Uranium Project, intersecting uranium in 7 for 7 holes at Rib North: Preliminary results
Atha Energy continues streak at Angilak Uranium Project, intersecting uranium in 7 for 7 holes at Rib North: Preliminary results
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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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