Commodities

Baltic Dry Index slides for fourth consecutive session
Dry bulk shipping rates retreat as demand slows; benchmark gauge tracks global trade activity.

Gold under pressure as inflation, Iran risks weigh on markets
Sticky inflation data and escalating Middle East tensions drive gold lower, while investors assess policy and geopolitical risks.

U.S. power output climbs 7% in week to Aug. 8
Weekly data signals rebound in industrial activity as utilities report higher demand across key regions.

Euronext wheat rallies after Ukraine strikes Russian grain terminals
Futures surge as Kyiv’s attacks disrupt Black Sea grain exports, tightening global supply amid ongoing war.

Canada’s Zimar to build $1.9 bln refinery complex in Niger
Canadian firm Zimar secures deal to develop a 200,000 bpd refinery in Niger, backed by Nigerien state oil firm SONIDEP. Project to cost $1.9 billion.

Russia reroutes grain shipments after Ukraine port strike
Moscow shifts export flows to alternative routes following damage to a key Black Sea port terminal.

Stocks rise, oil falls as U.S.-Iran talks awaited
Equity benchmarks edge higher while crude prices slip ahead of potential sanctions relief talks between Washington and Tehran.

Non-commercial traders pare wheat positions on Euronext
Speculative traders cut net long bets on Euronext wheat futures amid shifting supply-demand dynamics.

US crude oil inventories rise by most since January 2023
Weekly data shows a surprise build in crude stocks, the largest since early 2023, as market watchers assess demand signals and OPEC+ policy implications.

Bangladesh signs U.S. LNG supply deal amid global gas shortages
Dhaka secures long-term liquefied natural gas imports from U.S. suppliers as energy markets tighten worldwide.

Peter Thiel acquires 1% stake in Argentina’s Vista Energy
Billionaire investor Peter Thiel takes a 1% stake in Vista Energy, an Argentine oil and gas company, via his investment firm Thiel Capital.

U.S. crude oil inventories rise sharply, upending forecasts
Unexpected increase in stockpiles contrasts with prior declines and analyst expectations, pressuring oil prices.

Sunshine Silver Q2 2026 results show post-IPO acceleration
Silver miner posts stronger-than-expected Q2 2026 results, with output and revenue growth signaling post-IPO operational momentum.

Unexpected rise in U.S. natural gas storage pressures prices
Weekly inventory build exceeds forecasts, sending Henry Hub futures lower amid oversupply concerns.

ADNOC Vessel Attacked in Strait of Hormuz Amid Carrier Deployment
An ADNOC vessel has reportedly come under attack in the Strait of Hormuz as political leaders address regional naval deployments.

China's Copper Output Expected to Fall Amid Raw Material Shortage
China's refined copper production is reportedly projected to decline for a second consecutive month as smelters face tightening supplies of raw materials, according to market reports.

UBS warns era of cheap food is ending, flags stock picks
Swiss bank highlights structural inflation pressures in agriculture while an AI tool selects equities to capitalize on the shift.

K+S raises 2026 EBITDA guidance after first-half jump
German potash miner lifts full-year EBITDA forecast by 60% following a strong first half, citing higher volumes and prices.

Europe gas prices rise as EU storage hits record low for August
Benchmark European gas futures extend gains amid historically low storage levels, raising concerns over winter supply security.

German yields near one-week highs as oil surges for sixth day
German government bond yields edge toward one-week peaks amid rising oil prices, with U.S. CPI data looming as the next key market catalyst.

Gold prices steady near $2,450 as technical targets rise
Precious metal holds support above $2,400 as analysts cite logarithmic cycle projections pointing to $4,524–$4,648.

Gold rally faces reversal test ahead of U.S. CPI data
Precious metal prices consolidate gains as investors await key inflation report that could signal Federal Reserve policy direction.

Russian crude exports fall to lowest since May 2023
Exports decline reflects Western sanctions and shifting trade flows as Moscow redirects shipments to alternative buyers.

Gold prices swayed by Middle East tensions and U.S. CPI
Geopolitical risks in the Strait of Hormuz and upcoming U.S. inflation data will drive gold's near-term direction, analysts say.

