Commodities
Iluka Resources swings to A$24 mln first-half loss as zircon prices weaken
Revenue fell 22% to A$433 mln while EBITDA dropped 77% as zircon prices and volumes declined. Full A$1.65 bln loan secured from Export Finance Australia.
Turkey proposes oil and gas exploration aid to Syria
Turkish Energy Minister Alparslan Bayraktar offered seismic surveys and drilling support to Syria, while both sides agreed to expand electricity transmission capacity to over 800 MW. A phosphate deal was also signed.
Whitecap Resources sets 2026 debt target after Veren acquisition
Canadian oil producer outlines CAD 2 billion debt reduction plan and forecasts CAD 2.2 billion free cash flow in 2026 base case. Production guidance maintained at 384,000-386,000 BOE/day.
Industries Qatar posts 89% profit slump in H1 2026 on lower volumes
Net profit fell to QR 216 million as volumes declined 31% and sales dropped 46% year-over-year. Steel segment remained profitable while petrochemicals and fertilizers posted losses.
Eni lifts 2026 production outlook, raises buyback to €3.4 bln at EnerCom
Italian energy major upgrades output growth guidance and boosts shareholder returns as upstream operations drive earnings. 2026 production seen up 5% YoY.
Ramaco Resources, Indium sign MOU for gallium, germanium supply
Non-binding agreement outlines potential supply of critical minerals from Wyoming’s Brook Mine to Indium Corporation’s semiconductor and electronics supply chains.
Poland’s KGHM posts Q2 profit beat on higher copper prices
Second-quarter adjusted core profit rose to $1 billion, beating expectations as copper prices surged. Overseas output fell due to lower-grade ore at the U.S. Robinson mine.
CFTC bans former Alameda, FTX executives from trading for five years
Caroline Ellison and Gary Wang face five-year trading bans and multi-year registration prohibitions as part of CFTC settlements tied to FTX fraud case.
Swiss investor backs Synhelion’s e-fuels to revive combustion engines
Kenny Eichenberger, a Mercedes-Benz dealer turned investor, has taken a multi-million-franc stake in Synhelion, a Swiss firm producing synthetic fuels for aviation, shipping and road transport. He sees e-fuels as a potential lifeline for internal combustion engines.
U.S. natural gas futures rise 3.2% as oil tops $91 amid Iran tensions
September contract gains 8.6 cents to $2.78/MMBtu as Brent crude climbs on geopolitical supply risks. Monday’s drop to eight-month low capped gains.
Hycroft reports high-grade silver drill results at Nevada mine
Drilling at Hycroft Mining’s Brimstone and Vortex sites in northern Nevada intersects up to 375 g/t silver, extending known mineralized zones. CEO Diane Garrett cites strong growth potential.
Tamarack Valley Energy boosts Clearwater output, debt-free after asset sale
Clearwater crude output rises to 55,000 bpd as Tamarack Valley Energy posts a 6.6x recycle ratio and eliminates debt following the CAD 804 million Charlie Lake divestment.
Brent holds above $91 as Hormuz transit collapses, OPEC+ relief fades
Brent crude futures extend three-day winning streak despite 90% drop in Strait of Hormuz transits; diplomatic breakdown and depleted U.S. reserves limit downside risks.
Gold-platinum ratio climbs 1.3% on Fed rate bets, platinum profit-taking
Gold's rally outpaced platinum as traders priced in steady U.S. rates and unwound long positions in the industrial metal. The XAU/XPT ratio rose to 2.5264.
US dollar silver spot jumps 3.1% as geopolitical risks rise
Silver surged to two-month highs after the U.S.-Iran diplomatic accord lapsed, lifting safe-haven demand and industrial metal prices. The Fed’s policy path remains a key focus ahead of Jackson Hole.
ICE sugar futures hit record open interest of 2.3M contracts
Open interest in ICE sugar futures reached a new high, according to market data.
Constellation Brands pledges $100M to U.S. barley, corn farmers over five years
Beverage giant expands supply-chain investment to support growers in Idaho, Montana and North Dakota amid acreage declines and rising costs.
Euronext wheat climbs as Black Sea disruptions limit supply
December Euronext wheat futures rose 0.6% to €235.75/t on Tuesday as export disruptions in the Black Sea outweighed weak demand from importers.
Northwest Europe gasoline margins hit $39.25/bbl on tight supply
Margins surged nearly $3 per barrel as trading volumes in E5 and E10 barge cargoes rose, with Trafigura, ExxonMobil and Shell among sellers. Saudi Aramco resumed Hormuz loading operations last week.
Baytex Energy outlines cash-rich strategy at EnerCom Denver, targets Duvernay growth
Baytex Energy presented a capital return plan at EnerCom Denver, emphasizing Duvernay light oil expansion and share buybacks after exiting Eagle Ford. Net cash position stood at CAD 600 million in Q2 2026.
European diesel margins surge to record on tight global supply
Low-sulphur gasoil futures reached a premium of $76.08 per barrel over Brent crude, while U.S. diesel crack spreads hit $102.20. Supply constraints from the Middle East and Russia, along with rising Chinese exports, drove the surge.
US Treasury to buy back long-dated bonds as yields surge to 2007 highs
U.S. government announces increased buybacks of long-term Treasuries amid rising yields, with 30-year yields hitting levels not seen since before the global financial crisis.
Oil prices rise as 8.3 mln bpd supply gap persists amid Strait of Hormuz tensions
Brent crude holds near $92 as geopolitical risks sustain physical tightness, while demand destruction and alternative export routes limit upside despite persistent supply disruptions.
Brent’s $92 Surge Makes Renewable Diesel a Real Contender
As crude climbs past $92 a barrel, XCF Global’s Reno plant begins shipping renewable diesel, forcing the diesel market to re‑price on a new competitive footing.