Commodities
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Norwegian company bets $100 million in Mercuria Energy Group vs. Baltic Exchange case
Norwegian companies have placed a $100 million bet in the case between Mercuria Energy Group and the Baltic Exchange. This week, Mercuria Energy Group's lawyers presented their case against the Baltic
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Saudi Deputy Foreign Minister: The region hopes for a return to peace and is working to prevent military escalation with Iran.
Saudi Deputy Foreign Minister Waleed ElKhereiji stated at the Bahrain Security Forum that the region desires to restore peace and is working to prevent military escalation with Iran and reach an agree
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Angola Plans to Cut Fuel Subsidies in 2027 Without Raising Pump Prices
Angola, sub-Saharan Africa’s second-largest oil producer, plans to cut spending on fuel subsidies in 2027 without significant increases in pump prices, relying instead on other measures to reduce cost
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Egyptian Foreign Minister Sameh Shoukry: A renewed escalation of the US-Israel war against Iran would be "more destructive."
Egyptian Foreign Minister Sameh Shoukry expressed "extreme concern" about a potential escalation of the US-Israeli war against Iran at the IISS Manama Dialogue security summit in Bahrain, warning that
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Investigations show Russian satellites assisted Houthi attacks on Saudi energy facilities; Saudi officials confirm Houthis received intelligence support from Russia and China.
An investigation by AURORAH GeoSignal Intelligence, a private company based in Geneva, revealed that Russian satellites are assisting Iran-aligned Houthi rebels in attacking Saudi Arabia's military an
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Iran's Security Chief Rezaei Outlines 7 Conditions to End War, Including Unfreezing Funds and Ending Naval Blockade
Iran's security chief Mohsen Rezaei told Al Jazeera that Tehran demands Washington meet seven conditions before peace talks can begin. These conditions include: an end to all military and hostile acti
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Al Jazeera: Iran believes its control over the Strait of Hormuz is its biggest leverage in the war
Al Jazeera, citing IRGC statements, reported that Iran believes its control over the Strait of Hormuz is its biggest leverage in the war, contradicting US and CENTCOM claims that the Strait is not und
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Financial Times: Lula's unexpected victory in the Brazilian presidential election caused the Brazilian real to plummet, with agricultural commodity prices falling in tandem.
The Financial Times reported that the Brazilian real fell sharply after Lula unexpectedly won the Brazilian election, which strengthened the competitiveness of the country's agricultural exports, ther
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Donald Trump criticized major oil companies for excessive profits, even as refining margins soared for giants like ExxonMobil and Chevron.
President Trump criticized major oil companies like ExxonMobil and Chevron in August for "making too much money," citing fuel shortages. However, corporate earnings reports released this week show tha
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Mixed signals on US-Iran conflict: CENTCOM Commander briefs Trump on strike options against Iran, while Vice President proposes meeting to discuss ending the war.
General Brad Cooper, commander of U.S. Central Command, briefed Donald Trump on options for additional strikes against Iran, according to The Wall Street Journal. Meanwhile, U.S. Vice President JD Van
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UKMTO data shows that shipping attacks in the Strait of Hormuz reached at least 35 in October, the highest record since the US-Israel war against Iran began in February.
UKMTO data shows that shipping attacks in the Strait of Hormuz reached at least 35 in October, the highest record since the US-Israel war against Iran began in February.
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Hormuz Strait shipping remains 70% below pre-war levels, despite slight uptick last week, UKMTO says
The UK Maritime Trade Operations (UKMTO) agency reported 122 outbound and 155 inbound transits through the Strait of Hormuz in the week ending Friday, October 30. This figure is up from the previous w
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U.S. Senator Van Hollen criticized oil companies for profiting $130 billion from the Iran war, calling for an end to the conflict.
U.S. Senator Chris Van Hollen criticized oil companies on October 30 via X, stating they profited $130 billion from the U.S.-led war with Iran, while American citizens paid over $1,100 in extra fuel c
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UKMTO: Crude Oil Tanker Struck by Unknown Projectile While Exiting Strait of Hormuz
The UK Maritime Trade Operations (UKMTO) reported that a crude oil tanker was struck by an unknown projectile while completing its outbound transit of the Strait of Hormuz. Citing "verified sources,"
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Hedge funds have increased their short positions in U.S. natural gas to a record high, betting on a warm winter to curb demand.
Hedge funds have increased their short positions in U.S. natural gas to a record high, betting on a warm winter to curb demand.
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Brent crude oil is down 2.9% from its previous close, now trading at $112.380.
Brent crude oil is down 2.9% from its previous close, now trading at $112.380.
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Silver is down 5.71% from its previous close, now trading at $49.365.
Silver is down 5.71% from its previous close, now trading at $49.365.
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UKMTO: A vessel was hit by an unknown projectile and caught fire south of Iran's Lavan Island; the crew is safe.
The UK Maritime Trade Operations (UKMTO) reported that a vessel was struck by an unknown projectile 40 nautical miles south of Iran's Lavan Island, causing a fire on board. UKMTO stated that all crew
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Strait of Hormuz Tensions Escalate: Oman Rescues Burning Tanker Crew, Iran Intercepts Tanker and Destroys Unmanned Vessels
Oman rescued 25 crew members from a burning oil tanker in the Strait of Hormuz on Friday, Al Jazeera reported. Meanwhile, Iran stated it had intercepted three oil tankers attempting to cross the strai
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Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz, with October attacks doubling but flows only down 2% from September
Commercial ship attacks in the Strait of Hormuz doubled in October compared to September, with at least 30 vessels hit. However, crude oil exports through the strait averaged nearly 11.1 million bpd i
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Japan's Sojitz to import rare earth yttrium from Malaysia
Japanese trading house Sojitz will start procuring yttrium from Malaysia as early as 2027, seeking to diversify sources of the key rare-earth element away from China. Yttrium is a key rare earth eleme
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UAE authorities brought oil tanker leak under control, clean up continues
UAE authorities brought oil tanker leak under control, clean up continues after a Panama-flagged crude supertanker was reportedly struck by an unknown projectile off the UAE coast on October 9. No new
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Hershey's lowers its 2026 organic sales growth forecast to 3%, while US candy and gum prices rise 7.7% year-over-year.
CNBC, citing the latest Consumer Price Index data, reported that U.S. candy and chewing gum prices rose 7.7% year-over-year in September, while sugar and sweets categories increased by 5.5%. The repor
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Oil tanker attacked by explosive-laden speedboats in the Strait of Hormuz, engine room on fire.
Militants used speedboats to launch an explosive attack on an oil tanker in the Strait of Hormuz, damaging its engine room and causing a fire. This marks the first such attack in the current conflict,
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According to the Financial Times, due to the ongoing conflict in the Black Sea, Russia has exported pig iron via the northern port of Murmansk in the Arctic for the first time in 30 years to evade Ukrainian strikes.
According to the Financial Times, due to the ongoing conflict in the Black Sea, Russia has exported pig iron via the northern port of Murmansk in the Arctic for the first time in 30 years to evade Ukr
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Iran has submitted a new nuclear and peace proposal to the United States via Qatar, accompanied by seven conditions including the opening of the Strait of Hormuz
Iran has submitted a new nuclear and peace proposal to the United States via Qatar, which includes seven conditions such as opening the Strait of Hormuz. Mohsen Rezaei, Iran's top security official, s
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Saudi-led coalition intercepts and destroys Houthi cruise missile over Riyadh
Saudi-led coalition intercepts and destroys Houthi cruise missile over Riyadh
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China's Ministry of Commerce: Resolutely opposes US sanctions on two Chinese enterprises, reserves the right to take necessary measures
China's Ministry of Commerce: Resolutely opposes US sanctions on two Chinese enterprises, reserves the right to take necessary measures
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Musk retweeted a SpaceX post: Falcon 9 is preparing to launch the USSF-432 mission from California
Musk retweeted a SpaceX post: Falcon 9 is preparing to launch the USSF-432 mission from California
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Berkshire Hathaway's utility subsidiary Pacific Power is seeking a 57% rate hike in California.
Pacific Power, the electric utility subsidiary of Berkshire Hathaway, is applying to California regulators for a 57% rate hike, which would increase the average monthly electricity bill for local resi
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Iranian air defense forces announced that they shot down a US MQ-9 drone over Qeshm Island.
Iran's air defense forces announced they have shot down a US MQ-9 drone over Qeshm Island, according to a military statement reported by Iran's state television IRIB, following earlier reports by loca
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U.S. Central Command stated that the situation around Qeshm Island in the Strait of Hormuz is "relatively calm."
The U.S. Central Command stated that the situation around Qeshm Island in the Strait of Hormuz is "relatively calm." Earlier, Iranian state media reported that explosions were heard and two projectile
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Iranian state media reported that "aircraft sounds" were heard and two projectile impacts occurred on Qeshm Island in the Strait of Hormuz.
Iranian state media reported that the sound of "aircraft" was heard over Qeshm Island in the Strait of Hormuz, followed by two projectile impacts. According to the Islamic Republic News Agency (IRNA),
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Bloomberg: Hedge funds cut crude bullish bets to largest reduction since June ahead of US election
Bloomberg: Hedge funds cut crude bullish bets to largest reduction since June ahead of US election
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Musk: SpaceX is preparing to use "Ship 42" for its first attempt to catch the Starship upper stage with the launch tower
Musk: SpaceX is preparing to use "Ship 42" for its first attempt to catch the Starship upper stage with the launch tower
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Musk reposted a post explaining the Starship "chopsticks" capture mechanism, stating that theoretically, it could achieve a turnaround time of once per hour.
Musk retweeted a post explaining the Starship "chopsticks" catch mechanism, stating that theoretically it could achieve a one-hour turnaround time. Musk explained to Ron Baron why SpaceX uses the laun
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Saudi-led coalition says it intercepted and destroyed a drone over the Riyadh region
A spokesperson for the Saudi-led coalition stated on X that a drone was intercepted and destroyed over the Riyadh region, without providing further details or attributing the attack.
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According to the UK's Telegraph, Iran is "optimistic" about acquiring Russia's S-400 air defense system.
According to the UK's *The Telegraph*, Iran has expressed "optimism" regarding the acquisition of Russia's S-400 air defense system. Reports indicate that Mohsen Rezaei, security chief to Iran's Supre
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The Houthis said that 67 airstrikes and missile attacks hit five provinces in Yemen over the past 24 hours.
Military spokesman Yahya Sarea of the Houthi movement issued a statement saying that a total of 67 airstrikes and missile attacks hit five Yemeni provinces—Taiz, Lahij, Saada, Al-Jawf, and Marib—over
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US officials say China has failed to increase rare earths supply, fulfilling only about two-thirds of commitments
US officials say China has failed to increase rare earths supply, fulfilling only about two-thirds of commitments
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Spain Orders Olive Oil Mills to Withhold 12% of Production to Curb Price Decline
Spain Orders Olive Oil Mills to Withhold 12% of Production to Curb Price Decline
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EU Council Backs One-Year Delay on Imported Energy Methane Reporting Rules Pending Negotiations with European Parliament
According to Al Jazeera citing Reuters, the Council of the European Union has agreed to a one-year postponement of the rules requiring oil, natural gas, and coal importers to report methane emissions.
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Taiwan has announced the closure of its representative office in Papua New Guinea and the cessation of liquefied natural gas (LNG) procurement from the country.
Taiwan has announced the closure of its representative office in Papua New Guinea and the suspension of its purchases of liquefied natural gas (LNG) from the country, accusing China of exerting politi
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Greek management company Velos Tankers has confirmed that an oil tanker was struck by a missile in the Gulf on Thursday, resulting in the death of one crew member.
Greek management company Velos Tankers has confirmed that its flagged tanker, the MT Velos, was struck by a missile and suffered an explosion while navigating the Gulf on Thursday, resulting in the de
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French Ministry of Energy: 3.6 million barrels of diesel sold from France's strategic reserves.
French Ministry of Energy: 3.6 million barrels of diesel sold from France's strategic reserves.
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According to Al Arabiya, Iran has responded positively to the latest proposal from mediators, stating that it remains open to negotiations.
According to Al Arabiya, Iran has responded positively to the mediators' latest proposal, stating that it remains open to negotiations while insisting that Washington take concrete confidence-building
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According to the Financial Times, Russia agreed in 2024 to supply Iran with 90 advanced missile launchers.
According to the Financial Times, Russia agreed in 2024 to supply Iran with 90 advanced missile launchers capable of carrying Russian-made LMUR light multi-purpose guided missiles. Citing documents fr
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Vontobel: Threatened by El Niño, Cocoa Prices May Hit $8,000 per Ton
Vontobel: Threatened by El Niño, Cocoa Prices May Hit $8,000 per Ton
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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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Ethereum Classic (ETC) Future Outlook and Highlights Analysis: PoW, Fixed Supply, and 2026 Halving Upgrade
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A Comprehensive Guide to Stellar and XRP: Positioning, Ecosystems, and Future Outlook
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