Commodities
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Iraq has closed three border crossings with Iran and is investigating drone attacks on Saudi oil pipelines.
The Iraqi government has temporarily closed three border crossings with Iran while investigating drone attacks on Saudi Arabia's East-West oil pipeline, confirming the attacks were launched from withi
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Canadian energy giant Enbridge has struck three deals in two weeks, including nearly $3.2 billion in acquisitions, to bolster its 5.8% dividend.
Enbridge (NYSE:ENB) announced three transactions in the past two weeks, including the acquisition of Salt Creek Midstream's crude oil gathering business for $600 million (August 26) and Tallgrass Ener
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Iranian source to Tasnim News Agency: Strait of Hormuz will not be reopened under Iran-Oman understanding
Iranian source to Tasnim News Agency: Strait of Hormuz will not be reopened under Iran-Oman understanding
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U.S. Central Command stated that 100 merchant vessels have been rerouted in the past 60 days since the resumption of the blockade against Iran.
U.S. Central Command stated that 100 merchant vessels have been rerouted in the past 60 days since the resumption of the blockade against Iran.
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Fukuyama Warns: Iran War Risks Repeating Iraq's Mistakes, Military Force Unlikely to Bring Lasting Political Change
Francis Fukuyama, a senior fellow at Stanford University, stated that a war with Iran risks repeating the mistakes of Iraq and Afghanistan, and that military force alone is unlikely to produce lasting
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Moniz Warns: US Refineries Enter Autumn Maintenance Season, Global Supply of Refined Fuels Like Diesel May Face Additional Pressure
Former U.S. Energy Secretary Ernest Moniz warned that the tight global supply of diesel and other refined fuels could face additional pressure as U.S. refineries, already operating near full capacity,
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Iran-backed Houthis seize strategic Mayun Island, tightening control over Bab al-Mandeb Strait
Houthi forces have taken control of Mayun Island, also known as Perim, a strategic volcanic island in the heart of the Bab al-Mandeb Strait. The takeover, confirmed on Friday by both Yemen's internati
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Europe's solar boom leads to oversupply on sunny days, pushing wholesale electricity prices to zero or below
Solar has become Europe’s largest source of power during summer months, but this success is creating a new problem: on sunny days, Europe can produce more solar power than the system can absorb. Indus
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Council on Foreign Relations Senior Fellow: Houthi attacks pose a major setback to U.S. strategy of stabilizing regional oil flows, Iran's nuclear activities raise new concerns.
Ray Takeyh, a senior fellow at the Council on Foreign Relations, stated on Bloomberg Television that renewed Houthi attacks represent a significant setback for the U.S. strategy to stabilize regional
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Iranian MP Mohseni-Sani Declares Tehran No Longer Bound by Nuclear Treaty, Driving Brent Crude to $110
Mohammadreza Mohseni-Sani, a member of Iran's parliament's National Security and Foreign Policy Committee, stated on September 12 that Tehran no longer considers the Nuclear Non-Proliferation Treaty (
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BAHRAIN SAYS IT WILL NOT TAKE PART IN MEETING WITH IRAN OVER HORMUZ STRAIT - STATE MEDIA
BAHRAIN SAYS IT WILL NOT TAKE PART IN MEETING WITH IRAN OVER HORMUZ STRAIT - STATE MEDIA
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Columbia University Analyst: Venezuela's Oil Industry Revival to Take Years and Up to $150 Billion in Investment
Luisa Palacios, an analyst at Columbia University, stated that Venezuela, despite having the world's largest oil reserves, would require years and up to $150 billion in investment to revitalize its oi
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Yemeni government forces claim to have launched airstrikes near Mocha targeting Houthi members and vehicles, following the Houthis' complete control of the Bab al-Mandab Strait.
Yemeni government forces spokesperson Majed Abdullah Nazili stated that they launched airstrikes on Houthi militants and their vehicles along the Red Sea coast on Saturday, destroying vehicles and wea
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Energy Aspects warns of oil prices heading for an "upward spiral," as Chinese regulators raise crude oil futures' daily price limits and adjust refined oil prices.
The global crude oil market is at a "turning point," with energy analysis firm Energy Aspects warning that oil prices are heading for an "upward spiral" due to accelerated global inventory drawdowns,
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Oil, Gas and Diesel Prices Surge, Forcing Central Banks and Governments to Reassess Impact of Iran and Ukraine Wars, Signaling Winter Crisis and Rising Interest Rates
Oil, Gas and Diesel Prices Surge, Forcing Central Banks and Governments to Reassess Impact of Iran and Ukraine Wars, Signaling Winter Crisis and Rising Interest Rates
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Trump on Saudi pipeline attack: Houthis don't want to fight with us
Trump on Saudi pipeline attack: Houthis don't want to fight with us
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Trump says Iran likely responsible for Saudi oil pipeline attack
Trump says Iran likely responsible for Saudi oil pipeline attack
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Donald Trump stated regarding the Saudi oil pipeline attack that the Saudi Crown Prince is a good friend of his, and everything will be alright.
Donald Trump stated regarding the Saudi oil pipeline attack that the Saudi Crown Prince is a good friend of his, and everything will be alright.
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Trump on Iran: Oil prices will tumble when the war ends.
Trump on Iran: Oil prices will tumble when the war ends.
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Robert Friedland on the World’s Monumental Shortage of Copper
Robert Friedland on the World’s Monumental Shortage of Copper
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Iranian lawmaker says Tehran rejects unconditional talks with US, deeming them "futile."
Iranian lawmaker Ebrahim Azizi stated that Tehran would not negotiate with the United States without its conditions being met, calling such talks "futile" otherwise. This statement comes amid pushes b
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The U.S. has restricted air defense time slots for oil tankers passing through the Strait of Hormuz to two designated periods per day, following an increase in Iranian attacks.
The U.S. has restricted air defense time slots for oil tankers passing through the Strait of Hormuz to two designated periods per day, following an increase in Iranian attacks.
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US stocks rebound on Friday, S&P 500 up 0.9% and Nasdaq 1%, as Brent crude falls 2.8% to $104.61
US stocks rebounded on Friday, regaining much of their weekly losses, as Brent crude oil prices eased 2.8% to settle at US$104.61 per barrel after nearing US$110 overnight. The S&P 500 climbed 0.9%, s
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Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region. Saudi Arabia's East-West oil pipeline was preventatively shut down after an attack. On the 10th, the number of vessels passing through the Bab el-Mandeb Strait plummeted to six.
Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region, leading to the precautionary shutdown of Saudi Arabia's East-West oil pipeline after an attack. As a result, the numbe
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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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