Commodities
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Houthis to Announce 'Large-Scale' Military Operation at 4 PM Local Time, Markets on Alert for Escalation
Houthis to Announce 'Large-Scale' Military Operation at 4 PM Local Time, Markets on Alert for Escalation
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Ukraine Says It Hit Major Oil Refinery in Russia’s Volga Region
Ukraine said it hit Rosneft PJSC’s major oil refinery in the Volga region as Kyiv intensified its campaign against Russian energy infrastructure. Ukraine’s General Staff stated in a Telegram message t
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Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
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Iran's Foreign Ministry Accuses IAEA of Politicizing Nuclear Assessments to Justify Military Action, Warns of Accountability
Iran's Foreign Ministry accused the International Atomic Energy Agency (IAEA) and its Director General of politicizing technical nuclear assessments, claiming they have been used to build the case for
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Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
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The acting Secretary of the U.S. Navy acknowledged that an Iranian attack severely damaged a naval base in Bahrain and is evaluating the base's future; Iran's Foreign Minister responded by stating that their armed forces "severely damaged" a U.S. military base; multiple U.S. military aircraft were damaged at a base in Jordan.
Acting U.S. Secretary of the Navy Hung Cao stated on Wednesday that a U.S. military facility in Bahrain suffered significant damage in recent conflicts with Iran, and Washington is evaluating the futu
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Brent crude futures fell 3.58% to $103.78 per barrel on Friday, while WTI crude dropped 2.17% to $99.23 per barrel, after both recorded their first double-digit weekly gains in months, breaking above $100.
Brent and WTI crude futures ended their respective five- and eight-day winning streaks. This followed a surge in oil prices driven by geopolitical factors such as escalating conflict in the Middle Eas
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Bank of America Strategist: Diesel Prices Are the Real Threat to the U.S. Economy, Surpassing $6 on Friday to Hit a New All-Time High
Bank of America Strategist: Diesel Prices Are the Real Threat to the U.S. Economy, Surpassing $6 on Friday to Hit a New All-Time High
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U.S. crude oil prices fell below $100, while diesel prices surged past $6 per gallon to hit a new high.
U.S. crude oil prices fell on Friday, with the West Texas Intermediate (WTI) October contract dropping 2.5% to $99.86 per barrel after hovering above $100. The Brent crude November contract fell 3% to
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Satellite imagery shows smoke near Saudi Arabia's East-West pipeline on Thursday.
Satellite imagery shows smoke near Saudi Arabia's East-West pipeline on Thursday.
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Report: Yemen's Houthi rebels seize key Red Sea island, completing control over Bab el-Mandeb Strait region
Houthi forces have entered the town of Dhubab in Yemen and seized a key island in the Red Sea (Perim Island) on Friday, completing their control over the Bab al-Mandab Strait region, Reuters reported,
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WTI crude oil is down 2.53% today, now at $99.890.
WTI crude oil is down 2.53% today, now at $99.890.
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IEA Warns Oil Demand May Have to Fall Further as Iran War Drags
The International Energy Agency (IEA) cut its forecast for oil demand, stating that consumption may need to decline further in the coming months as the Iran war continues and consumers are forced to a
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Brent crude oil is down 2.74% today, currently trading at $104.680.
Brent crude oil is down 2.74% today, currently trading at $104.680.
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European natural gas prices are set for their biggest weekly gain since July, as the expanding Middle East conflict exacerbates concerns about energy supply disruptions.
European natural gas prices are set for their biggest weekly gain since July, as the expanding Middle East conflict exacerbates concerns about energy supply disruptions.
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Yemeni government forces withdraw from Perim Island in Bab el-Mandeb Strait, according to two Yemeni governmental sources.
Yemeni government forces withdraw from Perim Island in Bab el-Mandeb Strait, according to two Yemeni governmental sources.
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IEA Says Ukraine Strikes Degrade Russian Oil-Refining Industry, With Sanctions Preventing Recovery from Drone Attacks
The International Energy Agency (IEA) stated that Russia’s oil-processing capacity is being degraded, as sanctions prevent the refining industry from recovering from more intense and precise Ukrainian
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Houthis reach Yemeni port city of Dhubab along Bab el-Mandeb Strait, according to two Yemeni governmental sources.
Houthis reach Yemeni port city of Dhubab along Bab el-Mandeb Strait, according to two Yemeni governmental sources.
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Bloomberg Analysts: Oil Price Move Matters More Than CPI
Bloomberg Analysts: Oil Price Move Matters More Than CPI
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Indonesian Coal Miners Accelerate Diversification into New Businesses Amid Rising Volatility
Major producers are expanding into critical minerals like lithium and aluminum, as well as gold, solar power, and gasification. This strategy is driven by increasing external volatility and domestic p
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Trump Reportedly Rejects Saudi Crown Prince's Request to Strike Houthis
According to Axios, citing U.S. officials, Saudi Crown Prince Mohammed bin Salman asked President Trump to launch airstrikes against the Houthis. Trump reportedly refused, as Washington seeks to avoid
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Middle East Tensions Show Signs of Easing: Iran and GCC to Meet on September 14 to Discuss Strait of Hormuz Agreement, Houthis Announce Ceasefire on Red Sea West Coast
Iran's Foreign Minister and the foreign ministers of the six Gulf Cooperation Council (GCC) countries are scheduled to meet on September 14 (next Monday) in Salalah, Oman, to seek support for an inter
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Brent Oil Trades Near $107 as Houthi-Saudi Fighting Escalates
Brent crude oil traded near $107 a barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is
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China Dips Back Into Oil Market, Keen to Shore Up Inventory as Hormuz Hostilities Stoking Prices
Analysts say China is returning to the oil market, eager to replenish its inventory after a significant reduction had cushioned the impact of the war, with renewed hostilities 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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The Senate failed to pass a cryptocurrency ethics rule because it did not cover the interests of officials' adult children.
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