Commodities
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Nikkei: Japan's Mitsubishi Materials Corp. has begun full-scale imports of tungsten from Vietnam to replace Chinese supply.
Nikkei reports that Japan's Mitsubishi Materials has begun full-scale imports of tungsten from Vietnam, including products recovered from carbide scrap. This move aims to circumvent China's export res
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U.S. Treasury sanctions 17 vessels involved in Iranian oil transport; official says Iran has halted crude oil shipments due to U.S. blockade
U.S. Treasury sanctions 17 vessels involved in Iranian oil transport; official says Iran has halted crude oil shipments due to U.S. blockade
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Vietnam's offshore energy boom attracts Japan, US, Russia
New oil and gas projects are emerging off Vietnam's coast, home to some of Southeast Asia's richest reserves. Japanese and U.S. companies are competing with Russian players to meet the country's growi
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Head of Iran's Atomic Energy Organization: Iran will not abandon uranium enrichment or hand over its uranium - State Media
Head of Iran's Atomic Energy Organization: Iran will not abandon uranium enrichment or hand over its uranium - State Media
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US CENTCOM: US Military Briefed International Shipping Partners on the Strait of Hormuz on Thursday
US CENTCOM: US Military Briefed International Shipping Partners on the Strait of Hormuz on Thursday
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Ukraine says it hit Russia's Omsk Oil Refinery
Ukraine says it hit Russia's Omsk Oil Refinery
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Valcambi, one of the world's largest gold refiners, plans to open a new plant in Hong Kong, aiding the city's ambition to become a global gold and silver hub.
Valcambi, one of the world's largest gold refiners, plans to open a new plant in Hong Kong, aiding the city's ambition to become a global gold and silver hub.
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Wallstreetcn: Oil Market "Desensitized" to Trump's Remarks, Traders Shift Focus to Actual Supply Flows
According to Wallstreetcn analysis, after seven months of the US-Iran conflict, the crude oil market's sensitivity to Donald Trump's statements has significantly decreased. Traders' attention is shift
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Yemen's Houthis claim ballistic missile attack on King Khalid Airport in Riyadh on Thursday
Yemen's Houthis claim ballistic missile attack on King Khalid Airport in Riyadh on Thursday
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Russia's September oil product exports rose to a three-month high, despite a decline in diesel exports due to a government ban.
Russia's September oil product exports rose to a three-month high, despite a decline in diesel exports due to a government ban.
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Saudi Arabia and the UAE will support a Japan-led initiative to enhance Asia's oil reserves.
Saudi Arabia and the UAE will support a Japanese-led initiative to boost Asia's oil reserves, following supply disruptions caused by the war that have heightened energy security concerns.
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Hormuz Strait transit risks drive tanker captain salaries to $100,000 plus $50,000 bonus per trip; Brent crude up 2.28%
Reports indicate that tanker captains navigating the dangerous Strait of Hormuz are now earning base salaries of up to $100,000, along with a $50,000 bonus per voyage, with overall crew pay reaching f
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Devon Energy to Sell Shale Oil Assets for $4.2 Billion
Devon Energy Corp. has agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for approximately $4.2 billion.
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Bangladesh signs 15-year port deal with UAE's DP World
Bangladesh signed a 15-year deal with Dubai-based logistics company DP World on Thursday to operate and maintain the New Mooring Container Terminal (NCT) at Chattogram Port, the country's largest. The
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Middle East Oil Trade Shows Resilience, Producers and Buyers Adapt to Absorb Shipping Attack Risks
Middle East Oil Trade Shows Resilience, Producers and Buyers Adapt to Absorb Shipping Attack Risks
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Oil prices jumped due to a tanker attack and decreased traffic in the Strait of Hormuz.
Oil prices jumped due to a tanker attack and decreased traffic in the Strait of Hormuz. Last month, traffic through the crucial waterway had approached 90% of pre-war levels but has since sharply decl
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India's urea tender bids are nearly 10% lower than August's procurement prices, signaling a potential easing of global fertilizer costs.
India, a major fertilizer importer, received bids in its latest urea tender that were nearly 10% lower than its August purchase price. Bloomberg analysis suggests this signals a potential easing of gl
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Saudi Arabia in Talks to Formalize Oil Loadings Outside Hormuz Strait Next Year
Saudi Arabia is negotiating with customers to offer oil loadings next year outside the Strait of Hormuz under long-term contracts. The discussions, which aim to formalize a system the kingdom has used
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France to release 10 million barrels of diesel reserves to calm student protests and ease cost of living
French Prime Minister Sebastien Lecornu announced on Wednesday that France will release 10 million barrels from its strategic diesel reserves at cost price. This move aims to ease cost of living press
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Brent crude oil prices break above $104, global bond markets fall again.
Brent crude prices topped $104 a barrel in Thursday trading, according to The Wall Street Journal. Meanwhile, global bond markets experienced another downturn.
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European natural gas prices surged past €80 per MWh due to LNG shipping risks.
European natural gas prices surged past €80 per MWh due to LNG shipping risks.
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Indian Billionaire Ambani's Reliance Becomes Top Venezuelan Oil Buyer Outside U.S.
Reliance Industries, owned by Indian billionaire Mukesh Ambani and a firm investing in a U.S. oil refinery project proposed by Donald Trump, has emerged as the largest buyer of Venezuelan crude outsid
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White House Reportedly Asks Pentagon for Strike Options Against Iran; Houthi Attack on Saudi Airport Kills 3
The White House has reportedly asked the Pentagon to draw up strike options against Iran, which could be implemented before the midterm elections. Meanwhile, Houthi rebels attacked two airports in Sau
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Brent crude rose 2.5% on Thursday, breaking above $102, sparking inflation concerns; South Korean stocks closed down 2.6%, and U.S. Treasury yields approached 2002 highs.
Brent crude rose about 2.5% on Thursday, breaking above $102 per barrel, as renewed tensions in the Middle East fueled inflation expectations. Impacted by this, global equities were under pressure, wi
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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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Australia’s Heavy October Rainfall Sparks Grain Quality Concerns
Australia’s Heavy October Rainfall Sparks Grain Quality Concerns
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Crude oil prices stabilized after plunging by about 8% in the previous session, as investors bet that a landslide victory for the Democrats in the U.S. midterm elections would accelerate efforts to end the war in Iran.
Crude oil prices stabilized after plunging by about 8% in the previous session, as investors bet that a landslide victory for the Democrats in the U.S. midterm elections would accelerate efforts to en
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Analysts say Trump's midterm election defeat increases pressure to end Iran war, but risk of further military escalation remains
Analysts note that a midterm election defeat for Donald Trump increases pressure to end the war with Iran, though the risk of further military escalation remains. According to Al Jazeera, Negar Mortaz
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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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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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