Commodities
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China Halts New Battery Factory Construction Amid Capacity Concerns, Caixin Reports
China has temporarily suspended construction of new projects to manufacture power and energy-storage batteries, pending a year-end review of industry capacity, Caixin reported.
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Iran Claims Capture of US "Saildrone" Near Strait of Hormuz
The Iranian Revolutionary Guard Corps Navy announced that its forces struck a U.S.-operated "sail drone" at the entrance to the Strait of Hormuz, claiming the action "thwarted an aggressive mission."
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The UN envoy to Yemen warned the Security Council that the war in Yemen has entered a "more dangerous phase" after Houthi forces captured the strategic port of Mocha.
UN Special Envoy for Yemen Hans Grundberg warned the Security Council on Thursday that the war in Yemen has entered a "new, more dangerous phase" after Houthi forces captured the strategic port city o
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Donald Trump hinted that the election might restrict "full-scale" U.S. action against Iran, claiming that U.S. forces sank 22 vessels in the Strait of Hormuz overnight.
Donald Trump also insisted he did not regret the conflict and stated that the United States controls the Strait of Hormuz.
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U.S. Diesel Price Breaks $6/Gallon for First Time, Up Nearly 60% Since Iran War Began Amid Tight Supply
The U.S. average diesel price surpassed $6 a gallon for the first time, according to GasBuddy, up nearly 60% since the Iran war began. Supply remains extremely tight, with U.S. diesel inventories 13%
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Trump says he may not go full into Iran because of the election.
Trump says he may not go full into Iran because of the election.
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IEA forecasts global coal demand to reach a new record of 8.94 billion tons in 2026, driven by soaring natural gas prices due to the Middle East conflict.
The International Energy Agency (IEA) released its latest report on Thursday, forecasting that global coal demand will increase by approximately 1.2% in 2026 compared to 2025, reaching a new historica
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Coinbase co-founder Fred Ehrsam lived in Venezuela for months pursuing oil investments
Coinbase co-founder Fred Ehrsam, also a Trump administration ally, lived for months in a luxury Caracas hotel pursuing investments in Venezuela's oil sector.
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WTI crude oil rose 8.11% intraday, now trading at $103.840.
WTI crude oil rose 8.11% intraday, now trading at $103.840.
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The escalating conflict between Russia and Ukraine is inflicting new shocks on global fuel and food prices.
MarketWatch reports that the conflict between Russia and Ukraine has entered a new and intensified phase. Russia recently launched deadly attacks on Kyiv, while Ukraine has responded with more precise
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Brent crude futures rose $7/barrel due to escalating US-Iran conflict.
Brent crude futures rose $7/barrel due to escalating US-Iran conflict.
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WTI crude oil rose 6.56% intraday, now trading at $102.350.
WTI crude oil rose 6.56% intraday, now trading at $102.350.
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Comstock Resources (CRK) Enters $450M Drilling Venture with Jerry Jones Family Partnership
Separately, Comstock Resources, Inc. (CRK) has entered into a drilling venture with a Jerry Jones family partnership, which will fund approximately $450 million (80-85%) of the drilling and completion
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Comstock Resources (CRK) Signs $1.65B Letter of Intent with SOCAR to Sell Upstream Interests, Expected to Halve Net Debt to $1.5B
Comstock Resources, Inc. (CRK) has signed a nonbinding letter of intent with SOCAR for $1.65 billion in cash. Under the agreement, SOCAR would acquire 20% of Comstock's Legacy Haynesville and 15% of i
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Imperial Petroleum Inc. Q2 revenue hits record $87.1 million, H1 net profit surpasses last year's total, benefiting from Red Sea and Strait of Hormuz disruptions.
Imperial Petroleum Inc. announced its second-quarter 2026 financial results, reporting record quarterly revenue of $87.1 million. Net profit for the first half of the year reached $62.8 million, alrea
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Iran's Revolutionary Guard Corps Navy claimed to have destroyed a US unmanned vessel at the entrance to the Strait of Hormuz, warning that the strait remains blockaded and under Iranian control, and that hostile vessels will be targeted.
Iran's Revolutionary Guard Corps Navy claimed to have destroyed a U.S. unmanned vessel with hull number 5838 at the entrance of the Strait of Hormuz. The Guard also asserted that the Strait of Hormuz
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U.S. AND MIDDLE EAST OFFICIALS SAID IRAN HAS RESUMED PRODUCING BALLISTIC MISSILES IN UNDERGROUND FACILITIES USING STOCKPILED COMPONENTS- WSJ
U.S. AND MIDDLE EAST OFFICIALS SAID IRAN HAS RESUMED PRODUCING BALLISTIC MISSILES IN UNDERGROUND FACILITIES USING STOCKPILED COMPONENTS- WSJ
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Tsakos Energy Navigation (TEN) Reports Record Q2 Net Income of $139.3 Million and H1 Net Income of $228 Million, Driven by Strong Tanker Demand and Profit-Sharing Revenue
Tsakos Energy Navigation (NYSE:TEN) reported record second-quarter net income of $139.3 million ($4.40 per share) and first-half net income of $228 million ($7.12 per share) for 2026. The company cite
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US-Backed Tin Refiner Agrees to Buy Up to 100% of Australian Miner’s Supply
A centuries-old tin company backed by funding from the US Department of Defense agreed to buy as much as 100% of the metal concentrates produced by an Australian mining firm under a multiyear offtake
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Permian Gas Has Been Worth Less Than Nothing for 118 Days This Year Amid Oversupply
Permian Basin natural gas has traded at negative prices for 118 of the first 131 trading days this year, indicating a persistent oversupply due to insufficient pipeline capacity. Chevron's subsidiary
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Odfjell Drilling secures $518m contract for Deepsea Bergen from Vår Energi
Norwegian deepwater driller Odfjell Drilling has received a letter of award from Vår Energi for the Deepsea Bergen rig, with an estimated contract value of $518 million (Nkr4.81 billion). The three-ye
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US Diesel Futures Top $5 a Gallon for First Time Since 2022 Amid Deepening Global Fuel Squeeze
US Diesel Futures Top $5 a Gallon for First Time Since 2022 Amid Deepening Global Fuel Squeeze
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WTI crude oil rose 5.01% intraday, now trading at $100.860.
WTI crude oil rose 5.01% intraday, now trading at $100.860.
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Yemen's Houthi spokesman: Freedom of navigation and international trade in the Red Sea and Bab al-Mandab Strait remain safe and undisturbed.
Yemen's Houthi spokesman: Freedom of navigation and international trade in the Red Sea and Bab al-Mandab Strait remain safe and undisturbed.
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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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Brazil's Patria Sells Colombia Solar Park to Isagen
Brazilian alternative asset manager Patria Investments Ltd and minority partner Ashmore Colombia agreed to sell one of Colombia’s largest solar parks to power generator Isagen SA for an undisclosed am
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Commodities
24H Trending
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1
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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BofA Estimates: AI Infrastructure May Require $1.2 Trillion in External Financing Over Next 5 Years, With Over $300 Billion in Annual Incremental Debt Supply
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