Commodities
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WTI crude oil rose 2.54% intraday, now trading at $103.970.
WTI crude oil rose 2.54% intraday, now trading at $103.970.
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Iran's foreign minister will visit China on September 16 for talks with Wang Yi, following reports that Chinese entities had provided satellite imagery to Iran.
The visit comes amid reports that Chinese entities provided satellite imagery to Iran before attacks on U.S. bases. Market analysis suggests China could play a mediator role in the Middle East conflic
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Iranian Government Jet Enters Saudi Airspace
An Iranian government aircraft (EP-IGF) has reportedly entered Saudi Arabian airspace. The flight is fueling speculation that a senior Iranian delegation may be heading to Riyadh in an effort to de-es
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Russia's Nornickel Seeks New Chinese Partner for Copper Processing Deal to Shut Down Polluting Arctic Plant
Russia's Nornickel Seeks New Chinese Partner for Copper Processing Deal to Shut Down Polluting Arctic Plant
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BofA Securities analyst Blanch: Brent crude could rise to $150/barrel if Saudi Arabia's key infrastructure suffers "more permanent" damage.
Brent crude prices could rise to $150/barrel if critical infrastructure such as Saudi Arabia's East-West Pipeline were to suffer a "more permanent" hit, said Francisco Blanch, head of commodity and de
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The humanitarian crisis in the Gaza Strip has worsened, leading to 73,786 deaths since last October.
Attacks in the Gaza Strip continue, with an Israeli airstrike on September 10 killing a family of four. Data from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) shows th
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Australian tungsten miner EQ Resources joins US government-backed initiative to rebuild tungsten supply chain
EQ Resources will hold a 10% stake in the project, which aims to restart production at a long-closed tungsten processing plant in the United States. This move is part of Washington's efforts to rebuil
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Thailand's PTT Pcl in Talks to Buy More US Gulf LNG to Diversify Supplies
The state-controlled energy company is seeking to expand its trading business over the next few years by diversifying its liquefied natural gas (LNG) supplies from regions including the US Gulf Coast.
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China's Benchmark Crude Oil Futures Hit Record High
Yuan-priced crude futures in China rallied to their highest level on record, driven by the shutdown of an oil pipeline in Saudi Arabia, which hurt global supplies, and increased cargo purchases by ref
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Yemen's Houthi rebels launched a new round of attacks on Saudi Arabia, prompting the Kingdom to shut down its East-West Pipeline, which handles about 4% of global oil supply. Brent crude rose to $106.96 per barrel.
The attack led Saudi Arabia to shut down its East-West oil pipeline, exacerbating market concerns about persistent inflation and heightened geopolitical instability, thereby supporting gold's safe-hav
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Financial Times: Iran-aligned Houthis and Iraqi militants launch two-pronged attack on Saudi Arabia, posing the biggest test for Saudi Crown Prince Mohammed since the Khashoggi affair.
Financial Times: Iran-aligned Houthis and Iraqi militants launch two-pronged attack on Saudi Arabia, posing the biggest test for Saudi Crown Prince Mohammed since the Khashoggi affair.
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China's aluminum output reached a record high last month as government limits loom
Chinese smelters accelerated production to meet a global shortfall exacerbated by the Middle East conflict, pushing output to a new record before anticipated government restrictions take effect.
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Oil and US 10-year Treasury yields correlation hits 7-year high of 0.96, signaling market pressure amid inflation shock
The one-month rolling correlation between front-month West Texas Intermediate crude and the 10-year Treasury yield has climbed to 0.96, the strongest positive relationship since June 2019, according t
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Nickel producer Nickel Industries halts factory expansion due to water scarcity in Indonesia.
Nickel Industries Ltd. announced it has paused expansion at one of its processing plants in Indonesia due to water shortages, indicating that El Niño-related drought is harming output in the world's l
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HD Hyundai wins AIP for 100MW floating power plant from American Bureau of Shipping
HD Korea Shipbuilding & Offshore Engineering, HD Hyundai’s shipbuilding intermediate holding company, received approval in principle (AIP) from the American Bureau of Shipping (ABS) for its sea power
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China's raw coal output fell 7.7% year-on-year in August, a narrower decline of 2.4 percentage points compared to July.
China's National Bureau of Statistics reported that in August, the output of raw coal by industrial enterprises above designated size was 360 million tons, a year-on-year decrease of 7.7%. The decline
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China's crude oil output grew steadily by 0.8% in August, while crude oil processing saw a narrowing decline.
China's National Bureau of Statistics reported that in August, crude oil output for industrial enterprises above designated size was 18.43 million tons, a year-on-year increase of 0.8%, maintaining th
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China's natural gas output reversed its decline in August, rising by 0.8% year-on-year.
China's National Bureau of Statistics reported that in August, industrial natural gas output for enterprises above designated size reached 21.4 billion cubic meters, a year-on-year increase of 0.8%, c
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Copper Holds Near $14,000 as New Deliveries Signal Supply Relief
Copper Holds Near $14,000 as New Deliveries Signal Supply Relief
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Oil prices rose on Tuesday, with Brent crude futures up 1.25% to $107 per barrel, following Houthi attacks on Saudi Arabia and Iranian attacks on vessels in the Gulf region.
International benchmark Brent crude futures for November rose 1.25% to $107.00 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for October gained 1.27% to $102.68 per barrel. This f
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Chevron CEO warns "oil crisis" has arrived, Iran war situation risks spiraling out of control; US Interior Secretary calls oil price hike a "temporary disruption."
Chevron CEO Mike Wirth stated at an energy conference in Austin, Texas, on September 11 that the energy market's stabilization mechanisms are largely exhausted, buffer space has significantly decrease
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South Korea-Middle East container shipping costs rose 1.7% in August to $6,544 per 40-foot container, extending gains amid protracted geopolitical conflict, customs agency says.
South Korea-Middle East container shipping costs rose 1.7% in August to $6,544 per 40-foot container, extending gains amid protracted geopolitical conflict, customs agency says.
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U.S. Central Command refutes Iranian Revolutionary Guard Corps' claim of Panama-flagged oil tanker striking a mine in the Strait of Hormuz.
U.S. Central Command refutes Iranian Revolutionary Guard Corps' claim of Panama-flagged oil tanker striking a mine in the Strait of Hormuz.
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Toyota Motor Corp. of Japan is shifting its hydrogen fuel cell vehicle strategy to European commercial vehicles at a German trade show, in response to high costs and low adoption rates.
Toyota Motor Corp. of Japan is shifting its hydrogen fuel cell vehicle strategy to European commercial vehicles at a German trade show, in response to high costs and low adoption rates.
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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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A surge of copper is flooding into the U.S., causing a backlog at the Port of New Orleans.
A surge of copper is flooding into the U.S., causing a backlog at the Port of New Orleans.
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