Commodities
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Oil Prices Remain Near Record Highs as Fuel Exports Slowly Resume Through Strait of Hormuz
Bloomberg Markets reports that oil product exports through the Strait of Hormuz are slowly recovering, but not fast enough to prevent fuel prices from surging, putting pressure on global consumers.
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Sonnedix secures $1.3bn to advance Chile renewables and storage projects
Renewable energy company Sonnedix has secured $1.3bn (1.22 trillion pesos) through a refinancing transaction to accelerate its renewable energy and storage pipeline in Chile. The agreement covers the
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GasBuddy Reports 5 California Gas Stations Hit $9.999 Per Gallon For Diesel, The Highest Price Their Systems Allow
According to a September 10 post from GasBuddy's head of petroleum analysis Patrick De Haan, five diesel pumps in California are displaying $9.999 a gallon, the maximum figure their hardware can show.
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Copper prices and Freeport-McMoMoRan (FCX) shares tumbled early Thursday amid an unclear tariff outlook from the White House and surging oil prices and government bond yields.
Copper prices and shares of U.S. copper mining giant Freeport-McMoRan (FCX) fell sharply in early trading on Thursday, after Reuters reported that the White House may not expand the scope of refined c
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OPEC Further Cuts 2026 Oil Demand Growth Forecast, Raises 2027 Outlook Amid Oil Prices Surpassing $100
The Organization of the Petroleum Exporting Countries (OPEC) has once again cut its forecast for global oil demand growth for 2026 to 380,000 barrels a day, down from a previous estimate of 580,000 ba
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TotalEnergies to Bring New Angola Discovery Online in Just Three Months
TotalEnergies on Thursday announced its Acacia-5 discovery in Block 17, made in June 2026, is expected to achieve first oil in just three months by utilizing available capacity on the nearby Pazflor F
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Russia's Crude Output Fell in August as Ukraine Steps Up Strikes on Oil Assets
Russia's production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation's oil assets.
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US 10-year Treasury yield rises to 4.91%, highest since 2023, as Brent crude oil jumps to $105
The US 10-year Treasury yield rose to 4.91%, marking its highest level since 2023. Concurrently, the 30-year Treasury yield climbed to 5.35%. Treasury prices were under pressure as Brent crude oil sur
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Prediction market company Kalshi launches gold and silver perpetual contracts after CFTC approval.
The U.S. Commodity Futures Trading Commission (CFTC) this week approved prediction market company Kalshi to list perpetual contracts linked to precious metals gold and silver, with the new market goin
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McEwen Copper secures $240M term loan to advance Los Azules copper, gold and silver project
McEwen Copper Inc., a subsidiary of McEwen Inc., has closed a $240 million senior secured four-year term loan to advance the Los Azules copper, gold, and silver project in San Juan, Argentina. TNR Gol
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Brent Crude Oil Tops $105 a Barrel Amid Rising Middle East Tensions, US Gasoline Prices Hit Record High
Brent crude oil prices have exceeded $105 a barrel as escalating tensions in the Middle East intensify concerns about global supplies, with Iran showing no signs of de-escalation. Concurrently, US gas
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The U.S. Energy Information Administration (EIA) raised its 2027 U.S. diesel price forecast by 8.2% to $4.40/gallon, citing tightening global supply leading to inventory declines.
The EIA, in its September Short-Term Energy Outlook report, stated that it has raised its 2027 retail diesel price forecast from $4.07 per gallon to $4.40. Concurrently, the 2026 retail diesel price f
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United States on track for record crude oil production in 2026
The U.S. Energy Information Administration (EIA) forecasts U.S. crude oil production will average 13.8 million barrels per day (b/d) in 2026, surpassing the previous record of 13.7 million b/d set in
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HSBC: Global Commodities Enter "Super Cycle," 2026 Price Forecast Raised to 22%
Paul Bloxham, HSBC's Chief Economist for Global Commodities, stated in his latest report that the market has entered a "super squeeze" phase, with commodity prices likely to remain elevated for longer
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Wealthy investors seek oil and gas assets amid Iran war and AI boom, driving deal spend to multi-year highs
Ultra-high-net-worth investors and family offices are increasingly interested in mineral rights and other energy assets, fueled by energy pressures from the Iran war and the artificial intelligence bo
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Silver is down 5.53% today, currently trading at $64.850.
Silver is down 5.53% today, currently trading at $64.850.
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WTI crude oil rose 4.35% intraday, now trading at $100.230.
WTI crude oil rose 4.35% intraday, now trading at $100.230.
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Saudi Arabia cuts oil output to this year's lowest level due to Houthi threats
The world's biggest oil exporter was forced to cut production after Houthi rebels announced a 'maritime embargo' against the kingdom’s exports in July.
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Silver is down 4.01% today, currently trading at $65.890.
Silver is down 4.01% today, currently trading at $65.890.
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WTI crude oil rose 2.61% intraday, now trading at $98.560.
WTI crude oil rose 2.61% intraday, now trading at $98.560.
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Saudi Arabia reported to OPEC that its crude oil production fell again last month, reaching its lowest level since 1990.
Saudi Arabia reported to OPEC that its crude oil production again fell sharply last month, reaching its lowest level since 1990, as renewed hostilities between the United States and Iran squeezed Saud
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Qatar in Talks to Buy US LNG Under Long-Term Agreements Amid Iran War
According to people familiar with the matter, Qatar is in discussions to purchase liquefied natural gas from US suppliers under long-term agreements, as the ongoing Iran war has crippled Qatar's abili
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The US-Iran conflict may become protracted, with Brent crude oil surpassing $102 due to escalating shipping risks in the Strait of Hormuz and the Red Sea.
Iran is committed to continuing the fight and has rebuilt its missile capabilities, according to Bloomberg. Meanwhile, the Wall Street Journal reported that senior White House advisors have warned Don
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IAEA Board Passes Resolution Accusing Iran of Non-Compliance, Refers Issue to UN Security Council; Iran Cites US Attacks for Access Issues
The Board of Governors of the International Atomic Energy Agency (IAEA) has passed a resolution accusing Iran of failing to comply with its nuclear nonproliferation commitments and referred the matter
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US stocks rose, with the Nasdaq Composite hitting a record high, as oil prices fell and market bets on AI surged.
Oil futures fell on hopes of renewed US-Iran talks, sparking a rally in riskier tech stocks and pushing the Nasdaq to a new all-time high.
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Rand Refinery seeks to legitimize Africa's illicit artisanal gold into its supply chain
The century-old Rand Refinery, historically a key destination for Africa’s commercially mined gold, is now attempting to integrate often-problematic artisanal gold into its supply chain.
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WTI crude oil fell 5.03% intraday, now trading at $91.250.
WTI crude oil fell 5.03% intraday, now trading at $91.250.
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Saudi Aramco loaded 14 million barrels of crude oil from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz.
Shipping data shows Saudi Aramco loaded 14 million barrels of crude oil onto seven very large crude carriers (VLCCs) from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz. Sat
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Russia reroutes grain exports to Baltic and Arctic ports as Black Sea shipments stall, converting fertilizer and coal terminals.
Russian firms are converting fertilizer and coal terminals at Baltic and Arctic ports to handle grain exports. Rail applications to Ultramar’s Baltic terminal reached approximately 260,000 tons for Se
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Trump reportedly halted airstrikes against Houthis after attacks on Saudi oil facilities.
According to US officials, US President Donald Trump temporarily halted airstrikes against Yemen's Houthi rebels at noon on September 20 local time, after US military aircraft had already completed mu
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U.S. diesel prices surged to a record $6.51, as Republicans weigh a diesel export ban and a gas tax holiday.
Republicans are weighing a ban on diesel exports and a gas tax holiday ahead of the midterm elections, as soaring fuel costs pressure consumers and farmers, the Wall Street Journal reported. Congressi
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Global oil and gas discoveries hit 40-year low in 2025 amid investment cutbacks
The number of new oil and gas field discoveries worldwide in 2025 fell to the lowest level in more than 40 years, with volumes at those fields falling to one-tenth of the 2013 peak. This decline is at
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Yemen conflict escalates, displacing over 120,000 as Houthis and Saudi-backed forces clash near Red Sea strait
The BBC reports that more than 3,000 refugees have arrived in Djibouti in recent days, with the UN estimating over 120,000 Yemenis displaced by the sudden surge in fighting along Yemen's Red Sea coast
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TotalEnergies CEO says too much refining capacity offline ahead of winter
TotalEnergies CEO says too much refining capacity offline ahead of winter
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The Iranian government announced several energy-saving measures to address fuel shortages, including adjusting government office hours to 1 PM and promoting public transportation.
In response to severe fuel shortages and economic challenges, the Iranian government announced that from September 23 until the end of March 2027, government office hours will be adjusted to 8 AM to 1
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Hitachi Energy, Caturus, and Continental Resources announce major investments and collaborations during the G20 Energy Ministers' Meeting.
Hitachi Energy Japan announced a $528 million investment to build a new power transformer manufacturing plant in Mississippi, USA, expected to create 654 new jobs. Houston-based Caturus announced an e
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The U.S. Environmental Protection Agency (EPA) has repealed most of the greenhouse gas requirements for power plants from the Biden administration, a move expected to save $310 billion.
EPA Administrator Lee Zeldin announced at the G20 Energy Ministers' Meeting that the agency has abolished most of the greenhouse gas requirements for U.S. power plants from the Biden administration er
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G20 Energy Ministers' Meeting reached four consensuses aimed at advancing energy access, infrastructure development, water resilience, and supply chain security.
G20 Energy Ministers concluded their Energy Abundance Ministerial Meeting in Houston on September 16, reaching a consensus on four outcomes to advance energy access, infrastructure development, water
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U.S. fuel prices are surging, with diesel nearing $6.50/gallon and gasoline rising to $4.48/gallon, which could push inflation expectations higher and reinforce the Federal Reserve's hawkish stance.
U.S. diesel prices have surged to nearly $6.50/gallon, up approximately 18% from the August average, while gasoline prices have climbed to $4.48/gallon. Consumer surveys have not yet fully reflected t
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Trump: The United States is trading with Belarus for large-scale potash purchases
Trump: The United States is trading with Belarus for large-scale potash purchases
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Vance says Iranian oil is still flowing
Vance says Iranian oil is still flowing
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U.S. Strategic Petroleum Reserve fell to 284.6 million barrels last week, a new low since 1982.
U.S. Strategic Petroleum Reserve (SPR) inventories fell to 284.6 million barrels last week, the lowest level since 1982.
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WTI crude oil is down 4.11% today, currently trading at $92.130.
WTI crude oil is down 4.11% today, currently trading at $92.130.
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Brent crude fell 2.6% to $101.18, and WTI dropped below $98, as increased oil supply from Saudi Arabia through the Strait of Hormuz eased supply concerns.
Brent crude fell 2.6% to $101.18, and WTI crude dropped below $98, as diplomatic hopes and increased Saudi oil supplies through the Strait of Hormuz eased market concerns about supply shortages. Saudi
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Spot gold falls over 1% to $4,325.49/oz
Spot gold falls over 1% to $4,325.49/oz
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Russia Set to Extend Diesel Export Ban Beyond End of September
Russia is set to extend a ban on most diesel exports beyond the end of September as Ukraine continues to attack its refineries, according to people familiar with the matter.
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Satellite Snapshot Shows Increase in Saudis’ Gulf Oil Flows After Pipeline Shutdown
Satellite Snapshot Shows Increase in Saudis’ Gulf Oil Flows After Pipeline Shutdown
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Iran's IRGC Spokesperson Warns of New Weapons and Unattacked Enemy Targets
An Iranian Revolutionary Guard Corps (IRGC) spokesperson reportedly stated that the world has “not yet seen the power and precision” of Iran’s new weapons. The spokesperson also claimed Iran has addit
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Commodities
24H Trending
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XRP is testing the $1.50 resistance level, a key threshold that has capped its advances for roughly 230 days, with a break potentially leading to $1.80+
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JPMorgan CEO Dimon to Visit India This Week, Ramping Up Push for Deal Boom
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Seoul stocks rise 1.65% on chip gains despite Middle East tensions
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Binance Stock Trading Platform Adds 25 New Stocks
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Morgan Stanley’s Wilson Says US Stocks Risk 7% Drop in Near Term
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Novo Nordisk, the Danish pharmaceutical giant, saw its shares fall by 7% despite setting a $23 billion sales target for its weight-loss drug.
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A Hong Kong hotel has been put up for sale by Nanyang Commercial Bank for HK$1.87 billion after being taken over, reflecting a trend of converting hotels into student dormitories.
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US equity futures rise, led by AI stocks; oil prices fall over 2% to around $101; US Treasury yields decline; US and Chinese officials discuss AI national security "notification mechanism."
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Commodities trader Trafigura plans to float its supertanker arm Volare Shipping in Oslo, marking the business's first IPO
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Central Bank Digital Currency (CBDC) In-Depth Analysis: Global Progress and Impact
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