Commodities
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Mitsui, Tokyo Gas and over 20 other Japanese firms established an electricity trading association on Friday to advise the government on long-term trading
Mitsui, Tokyo Gas and over 20 other Japanese firms established an electricity trading association on Friday to advise the government on long-term trading
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Pennsylvania Data Center Limits Are a Threat to Gas Firms, Trade Group Says
According to an industry trade group, Pennsylvania Governor Josh Shapiro’s new restrictions on data center development threaten a key source of demand growth for shale gas producers in the state.
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Tesla is ramping up Semi electric truck production, aiming for self-driving by 2027, which Morgan Stanley believes could transform the trucking business and capitalize on high diesel prices.
Tesla's Semi, introduced in late 2017, began high-volume production in April. CEO Elon Musk stated the company aims to offer self-driving Semis by 2027. This move comes as diesel prices have reached a
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Houthis attack Saudi East-West oil pipeline, threaten alternative route around Strait of Hormuz, Brent crude rises to $105.
Satellite imagery shows fire and thermal anomalies along Saudi Arabia's East-West Pipeline, which transports 7 million barrels per day, suggesting a possible attack by Houthi rebels. This attack could
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Supertanker Rates on Middle East-to-China Route Hit $800,000 a Day Amid Escalating Gulf Tensions
Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. This comes as US forces recently destroyed five Iranian-linked tank
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Danish tanker company Torm (TRMD) saw profits surge by 452% due to the Strait of Hormuz crisis, with its stock price nearing a buy point.
Torm (TRMD), the Danish company operating a fleet of product tankers, saw its profits surge as escalating conflict between the US and Iran in the Strait of Hormuz led to a spike in energy prices.
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Musk retweeted Tesla Europe's post, stating that the Semi electric truck will be coming to Europe, offering a range of 550 kilometers and recovering approximately 60% of its range in 30 minutes of charging.
Musk retweeted Tesla Europe's post, stating that the Semi electric truck will be coming to Europe, offering a range of 550 kilometers and recovering approximately 60% of its range in 30 minutes of cha
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Sumitomo Metal Mining launches Japan's first EV battery recycling plant, aiming to extract rare metals like lithium from used batteries to stabilize domestic supply.
Sumitomo Metal Mining launches Japan's first EV battery recycling plant, aiming to extract rare metals like lithium from used batteries to stabilize domestic supply.
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Smithfield Foods (SFD) Warns of Fresh Pork Loss in Q3 2026 Amid Industry Spread Compression
Smithfield Foods now expects its Fresh Pork business to swing to an adjusted operating loss in Q3 2026, with lower adjusted operating profit also anticipated from its Hog Production business. This out
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Houthis reportedly take control of Yemen’s entire Red Sea coast, threatening key alternative shipping route to Strait of Hormuz
The Iran-backed Houthi forces have reportedly taken control over most of the western Red Sea coastal line. Experts fear this development threatens the key alternative shipping route to the Strait of H
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Rio Tinto (RIO) agrees to acquire Aurukun bauxite project, pending regulatory approval and facing Indigenous concerns.
Rio Tinto Group has agreed to acquire the Aurukun bauxite project in Western Cape York, Queensland, from a joint venture between Glencore and Mitsubishi Development. The financial terms of the transac
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Skyborn secures over $3.5bn in funding for 976.5MW Gennaker Wind Farm
Skyborn Renewables has secured over €3bn (more than $3.5bn) in funding for its 976.5MW Gennaker offshore wind farm in the German Baltic Sea, enabling the project to proceed to the construction phase.
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Mako Mining Signs Mineral Agreement with Government of Guyana for Eagle Mountain Gold Project
Mako Mining has signed a Mineral Agreement with the Government of Guyana and the Guyana Geology and Mines Commission, establishing a long-term legal, fiscal, and operational stability framework for th
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Pakistan engages in diplomacy with Iran and Saudi Arabia as Houthi-Saudi conflict escalates and Brent crude surpasses $107
Iran's Foreign Minister Abbas Araghchi held phone calls on Thursday night with Pakistan's chief of defence forces, Field Marshal Asim Munir, and Saudi Arabia's Foreign Minister, Prince Faisal bin Farh
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Chevron CEO Mike Wirth stated that early buffers in the oil market have been "depleted," and the risk of oil price increases from the Iran war is now higher.
Chevron CEO Mike Wirth stated that early buffers in the oil market have been "depleted," and the risk of oil price increases from the Iran war is now higher.
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Former Trump Economic Advisor Hassett: There's a Big Issue with Diesel Because It's a Refined Product
Former Trump Economic Advisor Hassett: There's a Big Issue with Diesel Because It's a Refined Product
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PUTIN: WEST IS RESORTING TO DIRECT DESTRUCTION OF FACILITIES AND PIPELINES IN AN EFFORT TO MAINTAIN ITS ECONOMIC LEADERSHIP
PUTIN: WEST IS RESORTING TO DIRECT DESTRUCTION OF FACILITIES AND PIPELINES IN AN EFFORT TO MAINTAIN ITS ECONOMIC LEADERSHIP
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Veteran Commodities Strategist Jeff Currie Sees 'Extremely High' Chance of $5 Gas by Midterms
Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections, citing a toxic combination of scarcity and currency debas
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Former Goldman Sachs Head of Commodities, Jeff Currie, warns: Brent crude breaking above $107/barrel and diesel crack spreads surging to $110/barrel indicate that fuel shortages are triggering structural inflation.
Jeff Currie, former head of commodities at Goldman Sachs and now head of Real Macro, told CNBC on Thursday that the market is underestimating an inflation cycle driven by a long-term supply shortage o
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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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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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Donald Trump stated in a post that Russia has lost control of its diesel industry due to the Russia-Ukraine war, with numerous refineries bombed and shut down, calling for an end to the war.
Donald Trump stated that the Russia-Ukraine war has led to the extensive destruction and at least temporary shutdown of Russian diesel refineries, causing Russia to lose control over its diesel indust
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