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Commodities
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Former Singapore GIC Commodities Trader Seeks to Raise $300M for Windrise Fund
Hao Dong, a former commodities portfolio manager at Singapore's sovereign wealth fund GIC, is establishing Windrise Capital, a hedge fund aiming to raise $200 million to $300 million to invest in raw
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Africa's Richest Man Dangote and Kenya President Ruto to Launch $16bn Oil Refinery
Nigerian billionaire Aliko Dangote and Kenyan President William Ruto are set to break ground on a $16 billion oil refinery in Lamu, Kenya, with construction due to begin on November 1. The refinery, D
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Germany instructs state-owned SEFE to store natural gas ahead of winter
The German government has directed its state-owned energy company, SEFE Securing Energy for Europe GmbH, to procure and store natural gas in the coming weeks. This move comes as the region faces press
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Australian lithium miners expand output as prices strengthen
Australian lithium producer Liontown plans to boost its output by over 50% by the 2030s. Mineral Resources is also advancing expansion plans at its Mount Marion lithium site in Western Australia, as t
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Shares of Irish oil company Tullow Oil plunged by over a third after it lost a key tax dispute arbitration case in Ghana.
Shares of Irish oil company Tullow Oil plunged by over a third after it lost a key tax dispute arbitration case in Ghana.
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Vietnam's Vingroup establishes new company to invest and trade in oil and gas, taking 51% stake in $38.5 million venture
Vietnamese conglomerate Vingroup has established a new company to invest and trade in oil and gas, marking its entry into an energy market long dominated by state-controlled businesses. The company ta
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US Fund Accuses Trader Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iro
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BBC: Somali Pirates Killed 5 Crew Members on Oil Tanker Before Rescue
Five crew members were killed by pirates on the oil tanker MT Hoarner 25, which was hijacked off the coast of Somalia, before local security forces retook the vessel, BBC reported, citing Bile Qabowsa
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China's crude oil demand recovery slows due to high oil prices caused by Middle East conflicts and limited Iranian supply.
According to Bloomberg Markets, the eighth month of conflict in the Middle East, coupled with elevated crude oil prices due to restricted Iranian supply, has become unsustainable for private refiners,
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Japan, US Bond Yields Continue to Rise Despite Oil Price Retreat
Global bond yields, including those in Japan and the US, are facing persistent upward pressure, even as West Texas Intermediate (WTI) crude oil futures have fallen from recent peaks to trade around $9
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White House holds crunch talks on diesel export ban as midterms near
The White House is holding urgent discussions on a potential diesel export ban as midterm elections approach. The proposed ban faces lobbying pressure from major oil companies and top Republicans, who
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China's lithium futures plunged 25% this month amid market concerns about slowing battery demand growth.
China's lithium futures plunged 25% this month amid market concerns about slowing battery demand growth.
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JPMorgan Chase Report: Middle East Oil Exports Recover to 89% of Pre-War Levels, Crude Oil Market Largely Normalized
JPMorgan Chase reported on September 29 that with the resumption of operations of the Saudi East-West Pipeline, the 10-day average of Middle East oil exports has recovered to 20.5 million barrels per
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JPMorgan Chase Report: AI Token Usage Surges in September, H100 Lease Prices Decline While B200 Rebounds, DRAM Sees First Pullback After Five Consecutive Rises
According to Wall Street Insights, citing JPMorgan Chase's latest Data Center Observation Report, OpenRouter platform token usage surged 71% month-over-month in September, reaching 30 times year-over-
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Mongolian Stocks Set to Be World's Best Performer This Quarter Amid Commodity Boom, Insulated From AI Trade Volatility
Mongolia's stock market is on track to be the world's top performer this quarter, driven by a commodity boom that has shielded the landlocked North Asian country from the volatile AI trade.
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Gold steadies as traders weigh lower oil prices against higher Treasury yields
Gold steadied after advancing on Tuesday, as market participants assessed a decline in oil prices, which eased concerns over energy-led inflation, against the backdrop of elevated Treasury yields.
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International oil prices plunged over 3% on Tuesday, falling below $90, due to progress in Iran-US negotiations, the resumption of oil flow through Saudi pipelines, the IEA's plan to release reserves, and Donald Trump's contemplation of easing sanctions on Russia.
WTI crude futures fell over 3% on Tuesday, dropping back below the $90 mark, with Brent futures also declining. This downturn was primarily driven by four positive signals: Qatar announced that negoti
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Russian Missile Campaign Leaves Ukraine's Steel Industry in Ruins, Halting Production and Erasing Economic Contribution
Russia's relentless missile attacks have brought Ukraine's vital steel industry to a near standstill, with its contribution to the country's GDP now estimated to be close to zero. Major steelworks lik
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Asian stocks are poised to rebound as oil prices retreat.
Asian stocks are poised for a broad rally on Wednesday, as falling oil prices ease market pressure, with investors weighing the latest developments in the Middle East and the US-Iran standoff.
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The U.S. Department of Energy will release up to 40 million barrels from the Strategic Petroleum Reserve, the last tranche since the Iran War, and urges European allies to fulfill their commitments.
The U.S. Department of Energy announced it will release up to an additional 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This is the final tranche of the 172 million bar
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Chile's largest oil refinery will partially halt operations for maintenance, potentially exacerbating the global diesel supply crunch.
Chile's National Oil Company (ENAP) will shut down part of the country's largest refinery for maintenance, a move that could further exacerbate diesel shortages amid persistent tightness in global fue
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OPEC+ is likely to maintain its crude oil production quotas at the weekend meeting, sources said.
OPEC+ is likely to maintain its crude oil production quotas at the weekend meeting, sources said.
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The Trump administration stated that some EU member states have not released oil and refined product reserves as promised.
The Trump administration stated that some EU member states have not released oil and refined product reserves as promised.
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White House has urged European Union to draw down diesel emergency inventories in bid to lower global prices, sources say
White House has urged European Union to draw down diesel emergency inventories in bid to lower global prices, sources say
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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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China's export controls on critical metals have tightened the supply of tungsten drill bits, rippling through the AI chip supply chain.
China's export controls on critical metals have tightened the supply of tungsten drill bits, rippling through the AI chip supply chain.
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The U.S. Department of State announced sanctions against two individuals and one entity assisting Iran in acquiring air defense systems.
The U.S. Department of State has announced sanctions against two individuals and one entity for assisting Iran in acquiring man-portable air-defense systems (MANPADS). The targets include Mohammed Ali
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Hanwha Aerospace breaks ground on Chunmoo rocket plant in Poland
Hanwha Aerospace breaks ground on Chunmoo rocket plant in Poland
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Driven by the El Niño phenomenon, benchmark Asian rice prices have risen to a near two-year high.
Driven by the El Niño phenomenon, benchmark Asian rice prices have risen to a near two-year high.
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Lookonchain monitoring: Whale begins cutting $147 million in crude oil long positions, recording a total loss of $15.3 million
Lookonchain monitoring: A whale has begun cutting $147 million in crude oil long positions, realizing a total loss of $15.3 million. The whale closed 587,250 CL longs (worth approximately $51.87 milli
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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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How to buy and sell HERO? First distinguish the project, then check the listing channels
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CVS Health plans to split into two independent publicly traded companies by early 2028, reversing its $78 billion acquisition of Aetna.
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What is DAFI Token? A Comprehensive Guide to DAFI Protocol and Synthetic Token Mechanics
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