Commodities
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Indonesia doubles its bioethanol blending target to 20% by 2028, aiming to reduce oil imports.
Indonesia's move aims to accelerate the reduction of its reliance on fuel imports under President Prabowo Subianto.
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Argentinian judge orders suspension of British-Israeli oil project near Falkland Islands
The interim ruling, issued by a court in Argentina’s Tierra del Fuego province, is a symbolic move amid Argentina's escalating claim over the British-administered territory. The judge ordered Britain’
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GPU cloud service provider Nebius announced a comprehensive price increase for its GPU cloud services, effective October 1st, with an average increase of approximately 20%.
This marks Nebius' second price hike since May this year, covering multiple chip models including H100, H200, B200, and B300. The price per GPU hour for H100 increased from $3.85 to $4.50, a rise of a
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JPMorgan Chase Global Macro Conference Minutes: Geopolitical Risk Premium Expected to Persist Until 2027, Brent Crude Average Price Potentially Reaching $87/barrel in 2027
JPMorgan Chase's Strategic Research Department's meeting minutes indicate that geopolitical risk premiums are underestimated and are expected to persist until at least 2027. The commodities strategy t
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Yemen Conflict Escalates: Houthis Attack Saudi Bases and Oil Facilities, Saudi Arabia Requests Missile Defense Support from Allies
Yemen's Houthi rebels claimed late Wednesday to have attacked Saudi Arabia's Khamis Mushait airbase and an oil facility in Yanbu port, and shot down a Saudi F-15 fighter jet. This followed 40 airstrik
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Trump plans to meet Gulf leaders at UN next Tuesday to discuss Iran war's endgame: report
U.S. President Donald Trump plans to meet leaders from six Gulf Cooperation Council states on the sidelines of the United Nations General Assembly in New York next Tuesday, Axios reported. The discuss
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Copper Steadies as Traders Shrug Off Fed’s Hawkish Rate Signals
Copper Steadies as Traders Shrug Off Fed’s Hawkish Rate Signals
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China’s Gas Demand Outlook Clouded by Guangdong’s Power Shift
Electricity market reforms in one of China’s economic powerhouses could herald a more sweeping slowdown in the country’s demand for natural gas.
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"New Fed News Agency" Nick Timiraos: Energy Shocks and AI Investment Are Changing the Inflation Landscape
Nick Timiraos, a reporter for The Wall Street Journal, noted that this rate hike reflects a changed inflation environment for the Federal Reserve. He believes that rising energy prices due to the war
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U.S. military states the Strait of Hormuz remains open, having assisted in the transport of over 900 million barrels of crude oil and intercepted more than 100 non-compliant vessels.
U.S. Central Command (CENTCOM) spokesperson Captain Tim Hawkins stated on Wednesday that despite an ongoing blockade on Iranian maritime trade and attacks by the Iranian military on merchant vessels,
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US Plan to Boost Biofuel Exports Targets Restrictions Abroad
The Trump administration is taking the next step to help the domestic biofuels industry by targeting policies abroad that limit the uptake of fuels made from US crops, following up on its efforts to b
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Yokohama Rubber targets BYD and other Chinese automakers with new lower-cost tire plant in China
Japanese manufacturer Yokohama Rubber has established a new tire plant in China, utilizing locally made machinery for faster and cheaper production. This move aims to secure a larger role in the suppl
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France Extends Fuel Aid for Sectors Impacted by Mideast Conflict
France’s government extended targeted aid for sectors most hurt by the latest rise in fuel prices due to the Middle East conflict.
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White House: Trump Administration Imposed 25% Tariffs on Upholstered Wooden Furniture to Protect North Carolina Industry
The White House report on President Trump's achievements in North Carolina noted the administration's efforts to protect the state's furniture industry. This included imposing Section 232 tariffs on i
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EIA: U.S. Crude Inventories Fall for Third Straight Week by 640,000 Barrels; Venezuelan Crude Imports Hit Nearly 10-Year High
U.S. commercial crude oil inventories fell for the third consecutive week, decreasing by 640,000 barrels to 423.4 million barrels in the week ending September 11, according to data released by the U.S
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US officials secretly met with Yemen's Houthi rebels, who stated they do not intend to attack US or Israeli vessels but will continue to target Saudi Arabia.
U.S. officials met with representatives of Yemen's Houthi movement in Muscat, the capital of Oman, over the weekend of September 12-13, according to CCTV News citing U.S. sources on September 16. Reut
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U.S. EIA crude oil inventories changed by -640,000 barrels for the week ended September 11, compared to an expected -1.6 million barrels and a prior reading of -391,000 barrels, above expectations.
U.S. EIA crude oil inventories changed by -640,000 barrels for the week ended September 11, compared to an expected -1.6 million barrels and a prior reading of -391,000 barrels, above expectations.
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US diesel prices hit all-time high of $6.31/gallon, up 70% from a year ago, prompting transport companies to warn of economic drag; J.B. Hunt shares plunge 13%
Diesel prices, crucial for powering trucks and trains, reached an unprecedented $6.31 per gallon on Wednesday, a 70% surge from a year ago, attributed by analysts to supply shocks from the US-Iran war
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Continental Resources to develop massive oil patch in Venezuela
The company signed a memorandum of understanding with Venezuela's state oil company on Wednesday to develop a 126,000-acre patch in the Orinoco Belt, estimated to hold 30 billion barrels of reserves.
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Copper nears nickel's price range on AI, EV demand
International copper prices are hovering near record highs, while nickel prices have been soft, raising the possibility of a "previously unimaginable" convergence. This trend is driven by growing dema
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Kremlin Pushes Russia to Maintain Status as Largest Wheat Exporter
The Kremlin is pushing wheat exporters and growers to maintain Russia's geopolitical advantage as the world's largest grain exporter, despite disruptions to Black Sea ports.
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Anchorage Digital Bank expands institutional custody to Etherlink and tokenized uranium (xU3O8)
Anchorage Digital Bank added custody support for Etherlink and several Etherlink-based assets, including xU3O8, a token representing physical uranium.
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Former Trump ally and former Congresswoman Marjorie Taylor Greene called for an end to the war with Iran and criticized Donald Trump.
Former Republican Congresswoman Marjorie Taylor Greene stated that the war with Iran must stop because fuel prices are "too high." She also criticized US President Donald Trump's Iran war policy. Gree
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American Airlines CEO Says Fuel-Cost Surge May Require Q4 Capacity Cuts, Expecting $1 Billion in Extra Costs
American Airlines Group Inc. Chief Executive Officer Robert Isom said the airline may need to cut more capacity in the fourth quarter as the aviation industry continues to contend with high fuel price
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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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