Commodities
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Jim Cramer Says Diesel Price Hike Acts Like a 25% Surtax on Consumer Goods, Unvoted by Congress
On CNBC's Squawk on the Street Thursday (September 10), Jim Cramer argued that surging diesel prices function as a 25% surtax on nearly all physical goods, which consumers cannot avoid. This comes as
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Guyana's President: Oil Revenue Surges Due to Iran Conflict
Guyana's President, Mohamed Irfaan Ali, stated that the country's oil revenues have sharply increased in recent months due to the Iran conflict reshaping global markets. He emphasized that he does not
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Iran-Gulf States' Planned Sept 14 Hormuz Talks Postponed, Omani FM Says
Omani Foreign Minister Badr Albusaidi announced on Sunday that a planned September 14 meeting in Oman between Iran and Gulf states, aimed at discussing possible Strait of Hormuz arrangements, has been
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U.S. Energy Secretary Chris Wright Warns Against Hormuz Deal Optimism, Iran to Propose Temporary Shipping Lane on Monday
U.S. Energy Secretary Chris Wright warned traders against expecting a quick Strait of Hormuz breakthrough with Iran, noting that alternative routes are currently supplying about 10 million barrels a d
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Ukrainian drone evades Russian helicopter fire to strike oil tanker
Ukraine has released footage showing a drone evading fire from a Russian helicopter before striking a sanctioned oil tanker in the Black Sea. This is part of a wider campaign targeting vessels Ukraine
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Constellation Brands reaffirms full-year outlook, refines beer strategy with focus on mature brands and Modelo expansion
Constellation Brands is refining its beer strategy by tailoring brand-specific marketing to consumer occasions, with a greater focus on sustaining mature brands like Corona while continuing to expand
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Japanese utility Chubu Electric Power to name new president and withdraw reactor restart application after quake data scandal
Japanese utility Chubu Electric Power to name new president and withdraw reactor restart application after quake data scandal
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HSBC raises 2026 Brent crude forecast to $90 from $80, sees rebalancing by mid-2027
The bank also raised its 2027 forecast to $85 from $65, and set a longer-term assumption of $75 from 2028 onward. Senior oil analyst Kim Fustier wrote that oil markets are unlikely to rebalance until
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BWET, an crude oil tanker shipping fund, has surged 3600% year-to-date, becoming the best-performing non-leveraged fund in the US stock market, impacted by the US-Iran conflict.
The U.S. Breakwave Tanker Shipping ETF (BWET), which tracks crude oil shipping prices, has surged approximately 3600% year-to-date as of September 11, making it the best-performing non-leveraged fund
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A vessel was attacked and caught fire in the Strait of Hormuz, the UK Maritime Trade Operations (UKMTO) said.
A vessel was attacked and caught fire in the Strait of Hormuz, the UK Maritime Trade Operations (UKMTO) said.
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Trump says he doesn't care if Gulf nations meet with Iran
Trump says he doesn't care if Gulf nations meet with Iran
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Trump on Iran: The Iran war will end, possibly before or right after the midterms.
Trump on Iran: The Iran war will end, possibly before or right after the midterms.
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Al Jazeera Analysis: Houthi Escalation in Yemen Could Backfire, Leading to a Unified Front in the Red Sea Region
Al Jazeera noted in an analysis that the Houthis and Iran are attempting to gain leverage through escalating actions in Yemen, but this move could backfire, leading to the formation of a united front
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Prices of nearly all dinner table items are climbing simultaneously, drawing Wall Street's attention
Rising crop prices are exacerbating the current inflation problem, extending beyond just oil and the Iran war. For investors, this signals a return to the real-asset trade, while for U.S. consumers an
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Developers propose building data centers in Scotland to utilize its surplus wind power for AI and the digital economy, addressing grid capacity issues.
Developers propose building data centers in Scotland to utilize its surplus wind power for AI and the digital economy, addressing grid capacity issues.
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Saudi Pipeline Outage Threatens 4% Global Oil Supply Loss Unless Pumping Resumes Within Days
Traders and sources indicate that the outage of a Saudi pipeline could lead to a loss of 4% of global oil supply if pumping does not resume within days. Saudi Arabia reportedly has storage at Yanbu fo
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Yemen Conflict Escalates: Saudi Arabia launched over 100 airstrikes against Houthi forces in the past 48 hours, as government troops regroup in Marib.
Al Jazeera reported that Yemeni government forces and Houthi rebels clashed on multiple fronts, with Saudi Arabia launching over 100 airstrikes against Houthi positions in the past 48 hours to halt th
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HD Hyundai to Showcase Gas Carrier Technology at Gastech 2026 in Bangkok, Thailand
HD Hyundai and five of its subsidiaries—HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries, HD Hyundai Samho, HD Hyundai Ocean Service, and HD Hyundai Electric—will jointly oper
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Saudi Arabia reported that projectiles fired by Houthi militants struck the Jizan region in southern Saudi Arabia, injuring two people and damaging a mosque.
Saudi civil defense authorities reported that projectiles fired by Yemen's Houthi rebels on Saturday struck al-Tuwal province in Saudi Arabia's southern Jizan region, injuring two people and damaging
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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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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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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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Central Bank Digital Currency (CBDC) In-Depth Analysis: Global Progress and Impact
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OKX App Download Guide: Get the World's Leading Cryptocurrency Trading Platform Application
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BiblePay (BBP) Cryptocurrency Analysis: Charitable Mission, Technical Features, and Market Status
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Binance Stock Trading Platform Adds 25 New Stocks
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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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