GLADIOGLADIOTrading

News

Not thousands of headlines. The few lines that move price. For traders: straight from the source, clear and simple.

Full stories are at the original source.

CommodityOilPrice.com

How Bad Would It Get If China Blocks Rare Earths to America?

Taiwan is the next pressure point that will test China's weaponization of rare earth metals. When Japan indicated it would not remain neutral in a Taiwan conflict, Beijing responded by sharply restricting exports of several heavy rare earth materials, including dysprosium and terbium. Japan was the test case. With U.S.-China tensions escalating, a confrontation could likely lead to an immediate…

CommodityOilPrice.com

Petrobras' Deepwater Push Sets Off a Race for Offshore Vessels

Recently, we reported that the Middle East conflict and subsequent closure of the Strait of Hormuz has triggered an unprecedented spike in freight and shipping rates, with Very Large Crude Carrier (VLCC) spot rates now exceeding $1 million per day. The sharp spike is now reshaping oil flows and forcing producers to cut prices in a bid to help buyers offset extra transport costs. The situation is…

CommodityOilPrice.com

Mexico Poised to Approve $12.5 Billion in Renewable Energy Projects

Mexico’s state power utility is today set to greenlight as many as 60 alternative energy projects, most of them solar, that should add 8.2 GW in new generation capacity to the country’s total, according to an unnamed source that spoke to Bloomberg. The total investment in these projects could reach $12.5 billion. The projects set to be approved by the Federal Electricity Commission today may end…

CommodityOilPrice.com

Europe’s Power Demand Returns to Growth

Despite weakening industrial activity and high energy costs, European electricity demand is bucking years of flailing power consumption. Rising electrification rates and the data center boom are the key drivers of this new trend in Europe’s power demand, which is set to gather momentum in the coming years amid the EU’s energy transition and the global AI boom. Europe’s electricity demand growth…

CommodityOilPrice.com

Energy Costs Are Driving U.S. Inflation, and Wages Aren't Keeping Up

Inflation rates remain blistering high across the United States. The Bureau of Labor Statistics’s most recent Consumer Price Index, released last week, revealed numbers that were higher than most projections, indicating long-term pain for consumers and a nightmare election cycle for Donald Trump. And the reason for all of it is huge and persistent volatility in global oil and gas markets. The…

CommodityOilPrice.com

API: Crude, Product Inventories Continue to Draw

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.93 million barrels in the week ending October 16. In the week prior, US crude oil inventories fell by a staggering 11.12 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 56 million barrels over the last 27 weeks, but US crude inventories are still only…

CommodityOilPrice.com

The Middle East's Next Energy Boom Has Nothing to Do With Oil

A new Middle East energy system came into view at the Energy Trading Week Middle East conference in Dubai last month. The region’s world’s-lowest costs for solar energy appeared with enormous potential to transform how countries consume and export energy in low-carbon products. “Renewable power is actually very competitive now, so the spotlight for this region when it comes to energy transition…

CommodityOilPrice.com

Norway's Gas Production Plunges 12.6% as Europe Heads into Winter

Norway’s oil and gas production declined sharply in September, with natural gas output falling 12.6% from August, according to preliminary figures released Tuesday by the Norwegian Offshore Directorate (NOD). Total petroleum production averaged approximately 3.77 million barrels of oil equivalent per day (boepd), down 10.4% month-on-month and 4% below the directorate’s forecast. The decline comes…

CommodityOilPrice.com

Geothermal Just Proved It Can Compete With Solar-Plus-Storage on Price

Geothermal has long been the clean, firm power source that was always a few breakthroughs away from being cheap enough to matter. Numbers buried in a Nevada utility filing suggest that day may have arrived. Joel Edwards, co-founder and CTO of geothermal developer Zanskar, put it bluntly earlier this month: "to all the geothermal believers out there, the flippening has come." In NV Energy's 2026…

CommodityOilPrice.com

EU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy Crisis

The European Union reaffirmed its opposition to Arctic oil and gas development on Tuesday, even as the bloc prepares for another expensive winter with depleted gas storage and prices approaching levels last seen during the 2022 energy crisis. The European Commission's new Arctic strategy calls for keeping oil, coal, and gas reserves in the ground, including in Arctic regions, and preventing…

CommodityOilPrice.com

Chevron Moves to Take Over Russia's Most Prized Iraqi Oil Field

Back in February, U.S. oil and gas giant Chevron signed four preliminary agreements with Iraq’s Oil Ministry, which underscored that from that point onwards, Washington was determined to regain its influence across a country that it sees as being at least as important as any other of the leading Middle Eastern states for three key reasons. One of the deals was to develop the supergiant Nasiriyah…

CommodityOilPrice.com

Russia’s Oil Export Revenue Slides as Production Declines

Russia’s seaborne crude exports fell to their lowest four-week average in a month after shipments from the Baltic port of Primorsk stopped for several days, according to tanker-tracking data compiled by Bloomberg. Exports averaged 3.59 million barrels per day in the four weeks through October 18, down 110,000 bpd from the previous period. Weekly shipments fell 390,000 bpd to 3.13 million bpd, the…

CommodityOilPrice.com

The Next Major Oil Supply Shock Could Come From Saudi Arabia

Houthi strikes on Saudi oil infrastructure threaten production as Brent crude hits $108 and the Brent-WTI spread widens to $5. The LNG Market Gets a New War Premium - Asian liquefied natural gas prices soared to their highest since December 2022, as repeated attacks on tankers across the Middle East and Europe’s worsening winter outlook pushed JKM above $30 per MMBtu. - Whilst China’s import…

CommodityOilPrice.com

US and China Battle for Influence in Central Asia as Rubio Seals $12 Billion in

Uzbekistan in recent days has served as an octagon of competition between the United States and China over economic influence in Central Asia. US Secretary of State Marco Rubio led an almost 300-strong American business delegation to the Uzbek city of Samarkand for a business forum, where on October 19, he held talks with the foreign ministers from all five Central Asian states. Uzbek media,…

CommodityOilPrice.com

Saudi Arabia and Asia Locked In Dispute Over 2027 Term Oil Deals

Asian refiners and Middle Eastern producers are currently negotiating the term supplies of crude oil for 2027, as usual. The unusual part is that the Iran war has crippled fixed-term supplies this year, and Middle Eastern exporters have resorted to increased spot sales to deliver crude oil to their most important export destination. With days left to conclude negotiations on the 2027 term sales…

News text belongs to its source; only the headline and a short summary appear here.