Commodities
Eni in talks with U.S. and Venezuela to revive oil sector
Italian energy group seeks to support Venezuela's energy revival while U.S. pursues greater control over South American crude reserves. Eni holds assets with 5.5 billion barrels of recoverable resources.
Kazakhstan cuts 2026 oil output target after pipeline strikes
CPC pipeline disruptions prompt 4% reduction in 2026 output target to 96 million tons; Atyrau refinery fire adds to export risks amid Ukraine strikes on Russian infrastructure.
Oil prices dip on Venezuela supply talks, Strait of Hormuz tensions
Brent crude fell 0.3% to $88.24 as U.S. companies near deals to develop Venezuelan oilfields. Strait of Hormuz traffic remains subdued six months after U.S.-Israel strikes on Iran.
Brent, WTI oil futures poised for weekly losses as Iran tensions persist
Brent crude down 0.6% to $89.18/bbl; WTI falls 1.2% to $82.52/bbl. Weekly declines of 5.5% and 5.2% respectively amid Strait of Hormuz shipping slowdown.
Enphase ramps up Dutch solar push ahead of net metering phase-out
Energy firm Enphase plans over 300 events in 2026 to educate Dutch solar owners on battery storage options as the country’s net metering scheme ends in 2027.
Russia seen extending diesel export ban through September
Sources indicate the ban, initially imposed to ease domestic shortages, may be prolonged amid persistent refinery disruptions. Jet fuel and gasoline restrictions also in place.
Gold holds above $4,674 as analysis flags $4,788–$4,895 targets
Technical analysis suggests gold could extend gains to $4,788–$4,895 if the current consolidation resolves upward. Support levels at $4,617–$4,581 remain key in a bullish structure.
Nearly half of global oil supply threatened by conflicts, analysis shows
Disruptions in the Middle East and Ukraine have removed 5-7 million bpd from markets, tightening refined fuel supplies and raising inflation risks. Global refining capacity has fallen 10% since 2022.
Silver rises above $70 on technical breakout, targets $72–$75
Technical analysis flags a bullish shift as silver clears $70.69, with projected resistance at $72.26 and $74.98. Fundamentals show persistent market deficits through 2026.
U.S. Antimony accelerates Montana mining operations with 42 truckloads in 2026
United States Antimony restarts Thompson Falls operations in April, doubling daily ore transport compared to 2025 as it processes 576 tons through its integrated Montana supply chain.
White House urges EPA to expand biofuel waivers amid high gas prices
Administration seeks to ease pump prices by allowing small refineries to blend fewer biofuels, as regulators review 34 pending waiver requests. Decision expected by month-end.
West Red Lake Gold posts Q2 2026 gold output up 51%, AISC down 30%
Second-quarter production rose to 8,576 ounces while all-in sustaining costs fell to US$3,284 per ounce, within annual guidance. Free cash flow totaled US$9.7 million.
Citi flags gold’s speculative rally, Jackson Hole as key inflection point
Analysts at Citi warn the recent surge in gold prices is driven by futures positioning rather than physical demand, with the Jackson Hole symposium posing a binary risk to the uptrend.
India’s crude import costs surge on soaring Hormuz shipping rates
Freight and war-risk insurance costs through the Strait of Hormuz have surged more than 400% since late February, driving India’s crude import bill up 60% in Q2.
NexGen expands high-grade uranium deposit in Saskatchewan
Drilling results at Patterson Corridor East extend mineralized zones by up to 94 meters vertically and 50 meters along strike. Second-best hole on record intersects 19.5 meters of high-grade uranium.
Why the Recent Oil Pullback Is a Mirage, Not a Trend
The 2‑plus‑percent dip in Brent and WTI looks like relief from Iran‑related risk, but the underlying geopolitics and supply‑risk premium remain stubbornly intact.
Iran, Oman continue talks on Strait of Hormuz agreement
Negotiations focus on revenue-sharing and navigation corridors amid U.S. pressure and unresolved ceasefire conditions. A final deal remains pending.
Oil prices fall as Iran sanctions pressure eases supply-risk premium
WTI and Brent crude decline 2.7% and 2.6% respectively as markets price in potential sanctions relief for Iran and easing geopolitical supply risks. U.S. inventories rise more than expected.
Grieg Seafood reports H1 2026 loss as transformation costs weigh on results
Norwegian salmon producer posts NOK 30 million operational EBIT loss in first half, citing higher farming costs and lower harvest volumes. Strategic overhaul includes asset sales and headcount reductions.
Hochschild posts record H1 2026 profit as gold prices surge, costs rise
Gold miner Hochschild Mining reported a 208% jump in earnings for the first half of 2026, driven by higher metal prices, but warned of rising costs across its operations. Full-year production guidance maintained at 300,000–328,000 ounces.
Gulf Keystone posts 26% EBITDA rise in H1 2026 despite Kurdistan output halt
Adjusted EBITDA climbed to $52 million as cost cuts offset production losses during February-August shutdowns in Iraq’s Kurdistan. Revenue remained flat at $82.8 million.
U.S. crude inventories rise 95,000 barrels as fuel stocks fall
Crude oil stockpiles climbed to 428.9 million barrels, defying analyst expectations, while gasoline and distillate inventories declined sharply. Refinery utilization held near multi-year highs.
Citi lifts corn, soy, wheat price targets on Super El Niño risks
Bank raises 3- and 12-month targets for U.S. grains as NOAA warns of a potentially record-strength El Niño event through late 2026. Australian wheat, palm oil and robusta coffee seen most exposed.
Gulf Keystone shares surge 9.3% on higher oil prices despite output decline
Adjusted EBITDA rose to $51.7 million in H1 2026 as realized oil prices more than tripled, offsetting a 67% drop in production amid security-related shutdowns. Cash balance stands at $63.5 million.