Commodities
UBS raises Brent crude forecasts to $95 by year-end amid supply risks
Oil inventories fell sharply, Brent topped $100, and geopolitical tensions sustain upward pressure on prices.
Galantas Gold sells Omagh gold project stake for $5M, shifts focus to Chile assets
Galantas Gold Corporation sold its 20% indirect stake in the Omagh gold project in Northern Ireland for $5.0 million, settling debt and forfeiting future royalties while redirecting resources toward Chile’s gold and copper projects.
ExxonMobil Highlights Synergies, Guyana Cost Recovery Amid $25B Growth Plan
ExxonMobil’s CFO outlines $4B annual synergies from Pioneer deal, $55B cost recovery in Guyana ahead of schedule, and a $25B earnings growth target by 2030.
Dow Jones, Nasdaq 100 Expected to Decline as Rising Oil Prices Weigh
US stock markets anticipate further declines amid rising oil prices, fueling inflation concerns and raising interest rate expectations. Oil prices surge amid renewed attacks in the Persian Gulf, with Brent crude exceeding $100 per barrel for the first time since July.
Brent crude hits $100 again amid geopolitical tensions
Oil markets remain volatile despite gradual price increases, as supply disruptions and demand shifts shape the outlook.
Lac Gold reports 1.7 million‑oz Rouyn resource at Rising Stars conference
Shares rose 4.3% to $0.365 as Lac Gold highlighted a 1.7 million‑ounce gold resource in Quebec and outlined its broader district‑scale growth plans.
Polish Energy Giant Orlen Loses $230M in Venezuelan Oil Deal Involving USDT
Poland's Orlen suffered a $230 million advance payment loss in a November 2023 Venezuelan crude deal after payments were routed through Tether's USDT, as prosecutors investigate and three former managers face trial.
Guanajuato Silver Names Colin Bower as COO Amid Operational Expansion
Colin Bower, with 35 years of mining experience, takes the helm as Guanajuato Silver’s new chief operating officer to oversee Mexico’s silver-gold assets and drive growth.
Rare Earths Americas Drills Deeper at Brazil’s Alpha Project
The company begins a 13,400-meter reverse circulation program to expand resource estimates and assess heavy rare earth potential in Bahia’s Sapucaia and Rio Preto deposits.
First Majestic Reports High-Grade Silver-Gold Drill Results at San Dimas
Silver producer First Majestic released results from approximately 89,000 meters of 2026 drilling at its San Dimas mine in Mexico, including multi-meter intercepts exceeding 2,600 g/t silver.
Rain City Resources Partners with Quiborax to Evaluate Lithium Extraction Tech
The Canadian miner’s Chilean subsidiary signed a scientific and technological evaluation agreement with Chile’s Quiborax to test Rain City’s AC²ME lithium extraction process on historic tailings at the El Águila project. The deal does not yet constitute a commercial venture but could lead to further testing, pilot or commercial arrangements if results are favorable.
Global markets and European equities face pressures amid rising oil prices nearing $100 Brent and FX movements
Rising Brent crude toward $100 and recent FX moves are adding pressure to global markets and European equities, according to a Reuters report.
Germany Announces Short-Term Fuel Price Relief Measures
The German government is considering immediate consumer relief on fuel costs amid rising prices, with discussions including potential tax adjustments and targeted subsidies.
Bank of Montreal issues £400m senior notes via LSE
Callable fixed-to-floating rate debt under its $4-billion program matures in 2033, admitted to London Stock Exchange’s main market
US crude output and demand rise in June, EIA says
US crude production rose to 13.79 million barrels per day in June, while total petroleum demand climbed to 20.74 million barrels per day, the EIA said.
European Stocks Slide as Oil Surges Past $100, Fed Focus Intensifies
European indices posted midweek losses as Brent crude reclaimed the $100 mark for the first time since late July, stoking inflation fears ahead of the ECB's rate decision on Thursday.
Oil, Inflation and Interest Rates: The Connection Traders Should Understand
Oil is usually associated with petrol stations, transportation and energy companies.
Polen secures $4 billion US military credit for defense upgrades
Washington approves a $3.44 billion loan under the Foreign Military Financing program to fund American arms purchases, part of a broader $17.2 billion in US aid to Poland since 2019.
Brent Crude Rises Above $100 Amid Middle East Conflict and Strait of Hormuz Tensions
Brent crude crosses the $100-a-barrel mark as geopolitical tensions escalate in the Middle East and around the Strait of Hormuz.
Swiss fuel prices hit yearly high as Brent tops $100
Average Swiss pump prices reach CHF 2.05 for unleaded 95 and CHF 2.30 for diesel, up 24%-29% year-to-date, as Brent briefly exceeds $100.
European Gas Prices Hit 2023 Highs Amid Iran-Saudi Tensions
Geopolitical tensions in the Persian Gulf and constrained storage levels push front-month gas prices to record levels in Europe and Great Britain.
European diesel margins persist at record highs amid US inventory surge
Diesel margins in Europe remained resilient despite a sharp rise in U.S. distillate inventories, with low-sulphur gasoil futures trading at elevated premiums to Brent crude.
German steel production dips in July amid weak demand
Production of crude steel fell 2% month-over-month in July, marking the first decline for the year, as structural challenges persist.
FTSE 100 drops 1.3% as Gulf strikes push Brent above $100
European shares retreated as oil surged above $100 following Iranian attacks on shipping and US forces, with markets pricing in a persistent risk premium.