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Commodities
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Houthis control the Bab el-Mandeb Strait, assure the US they will not attack American vessels, and Donald Trump rejects Saudi request for airstrikes.
Al Jazeera reported that after US officials met with Houthi representatives in Muscat, the capital of Oman, over the weekend, the Houthis have taken control of the Bab al-Mandab Strait and assured the
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Black Sea Ports Stalled, Russian Farmers Plan to Reduce Winter Wheat Planting
Russian farmers plan to reduce winter wheat planting due to disruptions in shipping from the country's key Black Sea ports, leading to a domestic supply surplus and signaling a smaller 2027 harvest fo
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Saudi Aramco reportedly cuts European crude allocations for October, extending supply disruptions due to East-West pipeline attack
Saudi Aramco has informed European customers they will receive no crude allocations next month, prolonging supply disruptions caused by the attack on the East-West pipeline. The halt has already promp
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U.S. Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” amid higher oil prices and steep futures backwardation.
The Department of Energy has already loaned over 130 million barrels from the 172 million-barrel drawdown authorized in March, with approximately 38.5 million barrels still available.
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U.S. Stock Futures Rise as Oil Extends Losses, Treasury Yields Climb
All major U.S. indexes were in the green, following the S&P 500 and Nasdaq's best trading days in six weeks during the prior session.
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Brent crude oil fell 2.0% intraday, nearing $97/barrel, Bitcoin rose 1.2% to $77,426, and gold increased by 0.5%.
Brent crude oil prices fell for the third consecutive day, down 2.0% today to $97.92 per barrel. Spot gold rose 0.5% to $4,362.87 per ounce. Bitcoin increased by 1.2% to $77,426.01.
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WTI crude oil is down 6.81% today, currently trading at $94.970.
WTI crude oil is down 6.81% today, currently trading at $94.970.
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Brent crude oil is down 6.54% today, currently trading at $97.970.
Brent crude oil is down 6.54% today, currently trading at $97.970.
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Brent crude oil is down 2.58% today, currently trading at $102.120.
Brent crude oil is down 2.58% today, currently trading at $102.120.
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Gasoline prices in Yemen's Houthi-controlled areas have increased by 10% for the first time in four years, sparking inflation concerns.
Houthi-controlled areas in Yemen announced on Monday a gasoline price hike of approximately 10%, from 4,750 Yemeni rials (approximately $8.90) to 5,250 Yemeni rials (approximately $9.80) per liter. Th
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Iron Ore Set for Weekly Gain Despite Weak China Steel Demand
Iron ore is headed for a weekly gain after recovering from a sharp decline earlier in the week. This comes even as weak steel demand and shrinking mill margins continue to weigh on the outlook for the
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Baidu-backed DeepWay Aims to License E-Truck Tech in Europe
The Chinese electric truck and assisted driving startup hopes to gain an edge by transferring technology to local partners, with a view to eventually manufacturing locally. The company is also targeti
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Copper Heads for Weekly Gain as Chinese Demand Rebounds, Offsetting Fed's Hawkish Stance
Benchmark copper futures were little changed near $14,460 a ton on the London Metal Exchange on Friday, on pace for their 11th weekly advance in the past 12 weeks. The metal had earlier this month rea
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Oil prices fell on Friday, with Brent crude down 0.94% to $103.83 per barrel and WTI crude down 0.88% to $101.01 per barrel.
Oil prices fell on Friday as the market weighed hopes of increased crude supply from Saudi Arabia, offsetting concerns from a new round of attacks between Saudi Arabia and Yemen's Houthi rebels. Repor
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JPMorgan Chase analysts stated that the Middle East conflict makes oil price movements difficult to predict, identifying the September 24 US-China diplomatic meeting as a potential turning point, and estimating the current oil price at $106 with a September fair value of $90.
JPMorgan Chase's report indicates that previously set economic "red lines," such as the $100 oil price, have been breached, and the market is now pricing in an additional 4 million barrels per day (bp
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India on Track for Driest Monsoon Since 2009 Due to El Niño, Threatening Crop Yields and Food Prices
A strengthening El Niño is curbing rainfall, putting India on course for its driest monsoon in 17 years. This development threatens crop yields and raises risks for food prices.
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South Korea's Finance Minister vows diplomatic efforts and import diversification to address energy price volatility
South Korean Finance Minister Koo Yun-cheol stated on Friday that the government will closely monitor energy price volatility and maintain an emergency response system. He made the remarks during a me
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US approves $414 million financing for Canada's Global Atomic uranium project in Niger
The U.S. government has approved up to $414 million in financing for Canadian miner Global Atomic's Dasa uranium project in Niger, the company announced on Wednesday. The project is described by the c
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Oil drops for third straight day as supply concerns ease and traders eye US-Iran diplomacy
Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that’ll shape the US-Iran war.
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Malaysia's national energy company, Petronas, plans to increase its liquefied natural gas (LNG) production by 38% by 2035 to replace unstable Middle Eastern supplies.
Malaysia's national energy company, Petronas, plans to increase its liquefied natural gas (LNG) production by 38% by 2035 to replace unstable Middle Eastern supplies.
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Yardeni: Iran May Cause Disruptions and Keep Oil Prices Elevated
Yardeni: Iran May Cause Disruptions and Keep Oil Prices Elevated
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JPMorgan Chase analysts stated that oil price models are difficult to predict due to the ongoing war in Iran.
JPMorgan Chase analysts stated that oil price models are difficult to predict due to the ongoing war in Iran.
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Former Trafigura CEO Contender Hadi Hallouche Launches New Energy Trading Firm Oxitera SA
Former Trafigura CEO Contender Hadi Hallouche Launches New Energy Trading Firm Oxitera SA
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Five people have died as clashes between Saudi Arabia and Yemen's Houthi rebels escalate. The Houthi leader denied attacking Mecca, and China has privately asked Iran to restrain the Houthis.
Attacks between Saudi Arabia and Yemen's Houthi rebels have escalated, killing at least five people, including three children, Al Jazeera reported. Saudi civil defense authorities said that after inte
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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
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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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XPX Token Trading Guide: Analysis of XPX Exchange Listings and Buying/Selling Methods
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What is Bee Network? The Relationship and Current Status of Bee Network and Pi Network
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What is BIMP Coin? An Analysis of BIMP Coin's Project Background and Current Market Status
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