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Commodities
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Ukraine Sanctions Envoy Pressures Asia: Russian Missiles Contain Asian Chips; Russian Forces Could Retreat in Six Months if Oil Revenue Halved
Vladyslav Vlasiuk, Ukraine's sanctions policy commissioner, stated in Singapore that sanctions are the most effective means of compelling Moscow to engage in serious peace talks. He noted that compone
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Hong Kong to offer half-rate tax concession for commodity trading, launch tokenized warehouse-receipt financing pilot
Hong Kong Chief Executive John Lee stated that authorities would roll out more tax incentives to attract commodity traders, including implementing a half-rate tax concession for commodity trading. He
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Deutsche Bank Report: The global economy is undergoing a paradigm shift, with supply constraints driving inflation and traditional policy tools losing effectiveness.
In its latest report published on September 14, Deutsche Bank stated that the global economy has shifted from a demand-deficient model that dominated the past decade to a new era driven by supply cons
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Middle East conflict expansion leads to oil price hikes; Asian refiners consider reducing operating rates and limiting fuel exports.
Middle East conflict expansion leads to oil price hikes; Asian refiners consider reducing operating rates and limiting fuel exports.
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European Gas Holds Near Highest Since 2022 on Stockpile Concern
European natural gas prices remain near their highest levels since 2022 as traders work to refill depleted stockpiles ahead of the heating season, with no resolution in sight for the crisis in the Mid
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Japanese Shipper Mitsui OSK Lines Does Not Expect LNG Shipments Through Hormuz Strait to Resume Soon
The top Japanese shipping firm said this signals a prolonged disruption that could keep prices elevated and curb demand across Asia.
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Saudi Arabia claims Houthi drones attacked Mecca, Houthis deny; escalating conflict weighs on oil prices, Brent crude hovers at four-month high
Saudi Arabia stated on Wednesday that its air defense systems intercepted and destroyed a Houthi drone before it entered Mecca's airspace. However, the Houthis denied this claim, calling it an "old li
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South Korea's PanStar Group plans to expand Arctic container voyages from next year, betting on high-value cargo after a 20-day trial run to Europe.
PanStar Group aims to compete with larger Chinese operators by focusing on a seasonal service for high-value cargo.
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Oil falls, Asian stocks rise ahead of Fed rate decision
Crude prices declined on Wednesday but remained near multimonth highs, while Asian stocks gained as investors awaited the Federal Reserve’s rate decision.
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Daewoo E&C to modernize 250km Karakum Canal section in Turkmenistan
South Korea's Daewoo Engineering & Construction (Daewoo E&C) will cooperate with Turkmenistan to modernize a 250-kilometer section of the Karakum Canal. The firm and Turkmenistan's State Committee for
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HD Construction Equipment wins 45-excavator order for Hong Kong railway expansion
South Korea's HD Construction Equipment has secured an order for 45 Develon excavators, including seven 53-ton models and 38 midsize to large models (14-36 tons). These machines will be deployed for M
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Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose by 7.1 million barrels, offsetting supply concerns from the shutdown of a Saudi oil pipeline.
International benchmark Brent crude for November delivery fell 1.02% to $107.64 per barrel, while U.S. West Texas Intermediate (WTI) crude for October delivery dropped 1.29% to $104.46 per barrel. Thi
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Copper prices stabilized ahead of the Federal Reserve's decision, as the market focused on rising inventories and easing spreads.
Copper futures on the London Metal Exchange edged higher, extending the modest gains from the previous session. Prices had previously reached an all-time high last week, driven by bets on supply tight
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Iraqi PM Zaidi faces struggle to control armed factions after Saudi oil pipeline attack; senior source points to 'splinter' group
A senior Iraqi Interior Ministry source believes a resistance 'splinter' group was responsible for the September 10 drone attack on Saudi Arabia's East-West oil pipeline, which originated from Iraqi t
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Saudi-led coalition intercepts Houthi drone headed for Mecca, warns pilgrim security is 'red line'
Saudi Arabia stated that its air defense forces intercepted and destroyed a drone launched by Yemen's Houthi rebels before it entered the restricted airspace over Mecca on Tuesday evening. The Saudi-l
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New Zealand dairy farmers face profit squeeze in coming months as a very strong El Niño weather pattern looms
New Zealand dairy farmers face profit squeeze in coming months as a very strong El Niño weather pattern looms
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US CBO report: Iran war to increase inflation by 0.5% in Q1 2027, has cost $38B, and will take up to 5 years to replenish munitions
The nonpartisan Congressional Budget Office (CBO) released a report on Tuesday, finding that the six-month war on Iran has cost $38 billion, with an expected increase of $3 billion per month. The conf
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Middle East tensions escalate, with the cost of shipping US crude oil to Asia surging to a record $44.8 million.
According to data from the Baltic Exchange, as of this Tuesday, the cost to charter a Very Large Crude Carrier (VLCC) to transport 2 million barrels of crude oil from the US Gulf Coast to China has su
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Shrinking Chinese Fuel Inventories Raise Chance of Export Curbs
China’s gasoline and diesel inventories are plunging as refiners grapple with a tightening domestic market, raising the chance the government may move to limit fuel exports again.
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Goldman Sachs and Nomura share a consensus view: energy, not AI, is the key driver of the market, with oil prices determining the direction of US Treasuries.
Goldman Sachs analyst Rich Privorotsky and Nomura strategist Charlie McElligott both point out that oil prices, not the AI narrative, are the dominant factor in the current market. They believe that o
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Argentina to file new legal complaints against oil firms near Falkland Islands, prepares tougher sanctions; Trump reconsiders US support for UK sovereignty
Argentina's government announced it will file new legal complaints against companies exploring for oil near the Falkland Islands (Malvinas), intensifying its campaign against businesses operating in t
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Elon Musk states that solar power's exponential growth will continue until all other energy sources account for less than 0.1%
Elon Musk states that solar power's exponential growth will continue until all other energy sources account for less than 0.1%
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Japan's Inpex sees strong buyer interest in Indonesia LNG amid Hormuz closure, citing Mideast tensions
The Japanese energy group's Abadi liquefied natural gas (LNG) project in Indonesia is attracting strong buyer interest, as Middle East tensions highlight the value of energy resources that can bypass
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U.S. Senate Republican leaders are considering discussions on a diesel export ban after U.S. diesel prices hit a new all-time high of $6.27 per gallon on Tuesday.
The U.S. Senate Republican leader stated he is open to discussing an export ban on diesel. This follows Tuesday's record-high average U.S. diesel price of $6.27 per gallon, up about 80 cents from a mo
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Oman and Iran Hold Talks to Discuss Restoring Maritime Traffic in the Strait of Hormuz
Oman and Iran hold talks to discuss the restoration of maritime traffic in the Strait of Hormuz. Al Jazeera reports that the Omani Ministry of Foreign Affairs issued a statement saying the foreign min
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South Africa's stock market posted its largest single-day gain in nearly seven months, driven by a surge in precious metals miners.
South Africa's stock market posted its largest single-day gain in nearly seven months, driven by a surge in precious metals miners.
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Analysts note that progress by the Democrats following the US midterm elections increases political pressure on Donald Trump to end the Iran war, driving a sharp drop in oil prices.
Analysts note that progress by the Democrats following the US midterm elections increases political pressure on Donald Trump to end the Iran war, driving a sharp drop in oil prices.
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World's largest olive oil company Deoleo plummets 19% after rivals DCOOP and Acesur agree to takeover deal
World's largest olive oil company Deoleo plummets 19% after rivals DCOOP and Acesur agree to takeover deal
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International crude oil prices rebounded slightly after a sharp decline, driven by the defeat of Donald Trump's Republican Party in the US midterm elections and uncertainties surrounding the situation in Iran.
Influenced by the defeat of Donald Trump’s Republican Party in the U.S. midterms and uncertainty surrounding the situation in Iran, international crude oil prices rebounded slightly following a sharp
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Yemeni Government Forces Claim Repulsion of Large-Scale Houthi Offensive in Taiz
The Yemeni government forces stated that they repelled a large-scale offensive by the Houthis on the al-Aqrud front in Taiz Governorate. The Houthis have not yet responded to the development.
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Five French trade unions have launched a joint strike to protest, demanding wage increases and the protection of public services.
According to the BBC, five French trade unions have jointly participated in nationwide strikes and protests to demand higher wages to cope with the rising cost of living and to protect public services
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Iranian Navy says oiler in Strait of Hormuz hit mine and caught fire, Tehran reiterates strait closed to illegal vessels
The Iranian Navy reported that an oil tanker caught fire after striking a mine in the Strait of Hormuz, forcing it to abort its voyage. Citing a statement, the semi-official Iranian Tasnim News Agency
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Saudi-led coalition intercepts ballistic missile fired by Houthi forces toward Medina
Colonel Turki Al-Maliki, spokesperson for the Saudi-led coalition, stated that coalition air defense forces successfully intercepted and destroyed a ballistic missile launched by the Houthi militia to
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Saudi Civil Defense briefly issues hazard alert for Red Sea oil export hub Yanbu before lifting it
The Saudi Civil Defense briefly issued a hazard alert for Yanbu, a major coastal city in the Medina Province along the Red Sea coast, and subsequently announced that the danger had passed. Yanbu is a
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Russia and Ukraine launched a new wave of nighttime reciprocal drone attacks. Russia stated it struck a Ukrainian postal logistics hub and cargo ships, while Ukrainian drones attacked an industrial zone in Russia's Ryazan Oblast, triggering a fire at an oil refinery.
Russia and Ukraine launched a new wave of nighttime drone attacks against each other, resulting in damage to infrastructure and casualties on both sides. The Russian Ministry of Defence stated that it
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International crude oil prices plummet, with Brent crude falling below $95 to mark its largest weekly drop since the pandemic
International crude oil prices plummeted, with Brent crude breaking below $95 to record its largest weekly drop since the pandemic. Driven by easing concerns over Middle East conflict following the De
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UK Maritime Trade Operations: Oil tanker attacked by two unknown projectiles off the northern coast of Qatar
The United Kingdom Maritime Trade Operations (UKMTO) reported that an oil tanker was struck by two unidentified projectiles 50 nautical miles north of Madinat ash Shamal, Qatar. The condition of the c
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Emirates Half-Year Profit Plunges 66%, Dragged Down by Iran War and High Oil Prices
Emirates Half-Year Profit Plunges 66%, Dragged Down by Iran War and High Oil Prices
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Ørsted completes offshore wind farm construction off US Northeast coast, previously hindered by Trump administration
Ørsted completes offshore wind farm construction off US Northeast coast, previously hindered by Trump administration
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ArcelorMittal third-quarter profit beats expectations, boosted by stricter EU steel curbs
ArcelorMittal third-quarter profit beats expectations, boosted by stricter EU steel curbs
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LG Energy Solution and Samsung SDI Saw Their Combined North American Energy Storage Market Share Rise to 20.9% in the First Three Quarters
In the first three quarters, South Korean battery manufacturers LG Energy Solution and Samsung SDI saw their combined North American energy storage market share rise to 20.9%, according to data from m
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Posco and Korea University Develop New Manufacturing Method to Reduce Voltage Decay in Lithium Battery Cathodes
Posco Holdings has developed a new manufacturing method with Korea University to reduce voltage decay in lithium battery cathodes. The research was jointly conducted by a team led by Professor Park Hy
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Russia deepened Iran support with missile launcher deal despite Ukraine war strains
Russia deepened Iran support with missile launcher deal despite Ukraine war strains
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Wheat prices rose, driven by weaker Russian export prospects and the situation in the Black Sea.
Wheat prices rose, driven by weaker Russian export prospects and the situation in the Black Sea.
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The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire in the Strait of Hormuz, and that two U.S. military drones were seized.
The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire while attempting to pass through "unauthorized routes" in the Strait of Hormuz. One large oil tanker
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International oil prices fell for the fourth consecutive day as the outcome of the US midterm elections eased concerns over war.
International oil prices fell for the fourth consecutive day as the U.S. midterm election results eased concerns over war. Brent crude futures dropped 97 cents (or 1.03%) to $93.65 a barrel, while WTI
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China's spot copper supply continues to tighten, with spot premiums surging and buyers scrambling for physical copper
China's spot copper supply continues to tighten, with spot premiums surging and buyers scrambling for physical copper
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Saudi and Syrian defense authorities sign cooperation agreement in Riyadh
The defense departments of Saudi Arabia and Syria signed a cooperation agreement in Riyadh; prior to this, Saudi Crown Prince Mohammed bin Salman met with Syrian President Ahmed al-Sharaa in Riyadh on
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EGX Token Analysis: Enegra and EagleX Project Status and Potential Considerations
EGX tokens primarily refer to Enegra (EGX), a tokenized security issued on the Polygon blockchain, representing equity in Enegra Group Ltd., a company specializing in commodity trading. Enegra Group possesses audited net asset value of physical commodity off-take exceeding $33 billion. As a security token, its trading and holding are subject to KYC/AML restrictions. Additionally, there is another token with the same ticker, EagleX (EGX), in the market, but it currently has zero trading volume and extremely low market activity. This article will discuss the current status and characteristics of these two EGX tokens separately.
Commodities
24H Trending
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ETH (Ethereum) surged 5.31% in 1 hour, currently trading at $2,439.61
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How to buy and sell HERO? First distinguish the project, then check the listing channels
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Cosmos (ATOM) Outlook Analysis: Tokenomics Restructuring and Cross-Chain Upgrades
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Why 1WO Price Predictions Are Unreliable: Current Status and Liquidity Analysis of 1World Online
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Current Status and Future Outlook of IMX in Blockchain Gaming
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What is OCEAN? Ocean Protocol Mechanism, Token, and Risk Analysis
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International Policy Analyst: US Midterm Election Results Indicate War with Iran Has Become a Political Liability
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What is Bee Network? The Relationship and Current Status of Bee Network and Pi Network
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Samsung Electronics fell 5.85% from its previous close, currently trading at ₩205,250.
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What is BIMP Coin? An Analysis of BIMP Coin's Project Background and Current Market Status
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