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Commodities
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Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown
Some refiners in Japan this week rushed to buy Oman's crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge of the purchases t
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Borr Drilling to sell 51% stake in Mexican joint venture Perfomex to local partner
Borr Drilling has signed definitive agreements to sell its 51% equity interest in the Mexican well services joint venture Perfomex to its local partner. Upon completion, Borr will fully exit its inves
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Novva Group signs binding agreement to acquire 3.17GW of Argentine renewable energy projects from Germany-based ABO Energy
The Singapore-registered Novva Group, focused on data centers and renewable energy infrastructure for AI, has signed a binding framework agreement to acquire a 3.17GW portfolio of development-stage re
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TotalEnergies and Mistral launch oil and gas AI partnership with over €100m investment
TotalEnergies has entered into a three-year partnership with French AI company Mistral to develop AI models for oil and gas reservoir exploration and engineering. The joint programme involves an inves
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The Motley Fool Analysis: Do Not Buy Oklo Stock Until SMR Competitor NuScale Power Secures a Binding Power Purchase Agreement
Oklo's stock price has fallen by nearly 50% since early 2026, due to market skepticism about whether its small modular reactor (SMR) customer pipeline can translate into actual projects, according to
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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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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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NVIDIA CEO Jensen Huang rejected calls to slow down AI development, stating that AI should advance "as fast as possible" but emphasized that safety should not be sacrificed.
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Oracle's $18 billion AI loan is struggling to sell, with banks quoting prices down to 89-91 cents on the dollar, signaling emerging pressure in the AI financing chain.
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Vals AI seeks to become the gold standard for AI benchmarking, raising $40 million in Series A funding led by Andreessen Horowitz.
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