Artificial intelligence firm Anthropic has filed for an initial public offering, targeting a valuation around $1.5 trillion and triggering a rally in technology shares despite details of slowing growth and significant losses.
The United Arab Emirates has committed to supplying Indonesia with up to 30 million barrels of crude oil, a move by the Southeast Asian nation to secure energy supplies amid disruptions in the Middle East.
India is planning a significant expansion of its state-run oil refining capacity, positioning the country to increase its diesel exports starting in 2027 and solidify its role as a key supplier to tight global fuel markets.
The Swiss bank reduced its 12-month palladium price target to $1,100 per ounce, citing weakening investor positioning, bearish options markets, and a sharp drop in Chinese imports.
The producer group, led by Saudi Arabia and Russia, is reportedly set to keep its December production quotas unchanged during a Sunday meeting as its focus shifts toward longer-term negotiations for 2027 output levels.
UBS has reduced its 12-month price forecast for palladium to $1,100 per ounce, citing increasingly cautious investor positioning and a significant drop in demand from China.
European wholesale natural gas prices fell on Tuesday, snapping a four-day rally, but historically low storage levels and ongoing supply disruptions are expected to keep prices elevated ahead of winter.
The European Union is readying a significant wave of investment into Australia's critical minerals sector, according to its ambassador, as the bloc moves to diversify strategic supply chains away from China.
Crude oil futures declined as diplomatic efforts in the Middle East offered hope for de-escalation, though ongoing attacks in the region and tight fundamentals continued to underpin prices.
