Commodities
Venezuela and U.S. sign 25-year energy pact targeting 1.5 mln bpd oil output
Interim President Delcy Rodríguez says the bilateral deal will develop 17 strategic oil fields while preserving sovereignty over reserves. U.S. to assume control of 65 bln barrels via private partners.
Gold slips from record high as dollar rebound caps rally
Bullion pulls back from near $4,700 after Treasury buyback signal spurred a 36% surge over a year, but analysts warn the advance may not be over if dollar weakness persists.
Trump says U.S. to use Venezuelan oil to refill strategic reserves
Agreement grants Washington majority control over 65 billion barrels of Venezuelan crude as U.S. reserve capacity falls to 40%.
Samarco targets 2028 return to global pellet export top two, R$13.8bn plan
Iron ore pellet producer plans to restore full capacity by 2028, aiming for 26-27 million tons annually and 2 million tons of tailings-derived fines. Demand outlook sees transoceanic volumes rising above 300 million tons by 2030.
Arabica coffee hits six-month high on supply woes, El Niño threat
Arabica futures surge to highest since February as harvest disruptions in Brazil and Colombia compound El Niño risks. Price surge raises costs for global roasters including Nestlé and Starbucks.
USDA cyclospora research projects shelved amid funding cuts
Projects aimed at studying cyclospora outbreaks face delays due to budget reductions and staff relocations at the USDA.
U.S. Treasury yields slip as oil falls, buyback debate heats up
Longer-dated U.S. Treasury yields eased as oil prices hit a one-week low and markets reassessed Treasury Secretary Bessent’s plan to more than double bond buyback operations.
U.S. Treasury yields ease as oil slides; buyback plan sparks debate
Longer-dated Treasury yields fell Tuesday after oil prices dropped over 3% to a one-week low. Treasury Secretary Scott Bessent's plan to more than double buyback operations drew criticism from investors including Stanley Druckenmiller.
Oil futures rise in U.S. session; Brent climbs 0.74%
October WTI crude oil futures gained 0.42% to $82.01/bbl, while November Brent oil rose 0.74% to $86.62/bbl during U.S. trading hours.
Brazil to extend gasoline subsidy until September 9
Federal government set to prolong R$0.44 per liter tax break amid ongoing Middle East oil price volatility. Extension hinges on congressional approval of the underlying provisional measure.
Brazil soybean exports seen at 10.25 mln tons in August, below prior estimate
ANEC lowered its August soybean export forecast by 300,000 tons to 10.25 million tons, yet still above the 10 million-ton threshold. Corn export projections were also reduced.
Deadly Himalayan glacier collapse triggers flash flood in Nepal
Nearly 100 killed and over 300 missing after ice avalanche in Rasuwa district sends 9-meter surge down river systems. Scientists link event to accelerated glacial melt in region.
Corn, wheat futures hit multi-year highs on supply concerns
CBOT corn rose to a three-year peak after USDA downgraded crop conditions, while wheat surged to a two-year high amid Black Sea disruptions and Argentine weather risks.
Canada-US aluminum tariffs weigh on Rio Tinto, Alcoa, Teck margins
U.S. tariffs on Canadian aluminum could fall from 50% to 25%, lifting EBITDA for major producers like Rio Tinto and Alcoa by about 3%, Deutsche Bank estimates. Shares of Alcoa dropped 4% on tariff relief speculation.
Corn, wheat futures hit multi-year peaks on supply concerns
Chicago Board of Trade corn rose to its highest since July 2023, while wheat surged to a two-year high amid worsening U.S. crop conditions and Black Sea trade disruptions.
Petrobras says Morpho oil sample to reach Rio in three weeks
Oil from Brazil's recent Morpho well discovery will be transported by truck under strict security to Rio de Janeiro for analysis. Petrobras also outlined long-term pre-salt field development plans.
Longi Green Energy loss widens to $547 mln in H1 as solar sector pressures persist
Net loss deepened to 3.68 billion yuan as weak demand and price competition weighed on margins, though results aligned with guidance. Company eyes silver-free production and energy storage growth to offset headwinds.
CME Group debuts U.S. zinc futures with first trades completed
CME Group launched U.S. zinc futures on Tuesday, with initial transactions executed by Glencore and Trafigura. The contracts, trading on CME Globex, target September delivery and reflect U.S. duty-paid pricing.
European wheat futures slip 0.9% on Black Sea export talks optimism
Traders pare positions as diplomatic signals from Moscow and Kyiv ease supply disruption concerns. Euronext December contract falls after Monday’s four-week high.
Gold pullback seen as correction, not reversal, analysis says
Technical pullback tests $4,600 support after August rally; analysis flags $4,570–4,610 as key correction zone ahead of U.S. inflation data.
U.S. data center projects face delays amid political, construction hurdles
Up to half of planned U.S. data centers could be delayed or canceled due to rising opposition and construction challenges, a Kimmeridge Energy executive warns. Natural gas demand tied to AI growth may also be constrained.
Sonoco to hike European paperboard prices by €60 per ton from Sept 2026
Uncoated recycled paperboard grades in the EMEA region to rise by €60 per ton as Sonoco passes on inflationary and energy cost pressures. Effective September 15, 2026.
Half of planned U.S. data centers face delays, energy firm warns
Kimmeridge Energy estimates up to 50% of proposed U.S. data centers could be delayed or canceled due to infrastructure and regulatory hurdles, reducing AI-related gas demand growth.
WTI Midland crude slips after Chevron cuts Rotterdam offer
U.S. WTI Midland crude prices fell as Chevron reduced its September-loading cargo offer to dated Brent plus $1.10 CIF Rotterdam, down from $1.30 the prior day.