Commodities
Trump administration in talks to take stake in Venezuela's oil sector
U.S. officials discuss equity participation in Venezuela’s oil resources amid ongoing sanctions review. Negotiations follow recent crude shipments despite embargo restrictions.
Northwest Europe gasoline refining margins hit 18-month high
ARA hub inventories fell to five-year lows, lifting margins to $46.74 per barrel amid rising Rhine water levels and Middle East supply shifts.
EverGen posts 71% revenue growth in Q2 2026 turnaround
Renewable natural gas producer beats forecast with CAD 4.8 million in revenue, narrowing net loss and raising run-rate EBITDA target. Adjusted EBITDA surged 416% year-over-year.
Brazil extends crude oil export tax by 60 days amid legal dispute
Camex approves 12% tax extension after court ruling suspends levy, leaving future of collection unresolved. Decision follows legal challenge from oil sector.
Trump proposal may curb Argentina beef exports to U.S. amid quota shift
A proposed 90-day tariff-free beef quota of up to 300,000 metric tons could redirect U.S. demand away from Argentina, which has tripled shipments this year.
Amprius unveils 500 Wh/kg battery cell for aviation applications
Silicon anode-based cell targets long-endurance drones and high-altitude platforms, with commercial production slated for late 2026. Airbus subsidiary AALTO HAPS has used Amprius batteries since 2018.
Iron ore prices fall as steel mill margins tighten, inventories rise
Singapore-traded iron ore futures slipped below $100 per ton as rising coking coal costs and higher port stocks weighed on steelmakers' profitability.
Swiss shares rise as defensive stocks lead; gold rallies on softer jobs data
Swiss Market Index edges higher as Roche and other defensive stocks gain; gold jumps 0.63% on dovish US jobs report and weaker dollar. US semiconductor and software stocks diverge in premarket trading.
CBOT wheat futures set to fall after multi-year high
Soft red winter wheat December contracts down 6-3/4 cents to $7.75-3/4 per bushel after peaking since 2023 on Black Sea export disruptions.
Silver’s rally masks structural supply constraints tied to zinc, lead
Byproduct silver output from lead and zinc mines, which account for 74% of global supply, faces constraints as zinc treatment charges hit record lows and mine production declines.
Vivakor Supply & Trading forecasts $270M Q3 2026 revenue from oil trading
The subsidiary’s preliminary outlook for the three months ending September 30, 2026, reflects contracted crude oil volumes and current pricing assumptions. Revenue guidance differs from annualized commercial activity estimates.
Vox Royalty acquires 2% royalty on White Dam gold mine for A$5 million
The acquisition expands Vox Royalty’s portfolio with a 2% net smelter return on the South Australian mine, previously operated by Broken Hill Gold. The deal follows recent drilling results at White Dam North.
Greenland Mines completes rare earth project acquisition in Greenland
The deal for the Sarfartoq neodymium-praseodymium project includes $20M cash and $15M in securities. Neo Performance Materials gains strategic stake and off-take rights.
India soybean oil imports hit record in August as refiners stockpile ahead of festivals
Soybean oil imports surged 21% to 601,000 tons, while total edible oil inflows rose 4% to an 11-month high. Sunflower oil shipments fell 38% amid Black Sea disruptions.
Gold falls as Fed hike odds rise; Iran conflict adds pressure
Fed rate expectations surge after hawkish remarks, while geopolitical tensions in the Strait of Hormuz weigh on the metal. Gold tests August lows as traders reassess safe-haven demand.
Ships add jury-rigged anti-drone shields amid Black Sea escalation
Cargo and tanker operators deploy water tanks, tyres and netting to counter drone threats as attacks on maritime traffic intensify. Russia and Ukraine both blame the other for escalating strikes.
Dutch central bank moves gold from U.S., Canada to London for liquidity
The Netherlands' central bank shifted 86 tonnes of gold reserves to London in the past six months to enhance tradability and crisis preparedness. No change in total holdings reported.
Orogen Royalties buys two Utah gold projects in $1.2m deal
Acquisition adds undrilled Toro de Oro and El Gigante prospects in southwest Utah’s caldera complexes. Triple Flag backs the alliance as Orogen plans September 16 showcase.
Goldcana to acquire 100% stake in La Sarre gold project via option deal
Goldcana Resources plans to acquire the La Sarre Gold Project in Quebec through an option agreement, funding the deal via a $2 million private placement. The project spans 48,615 hectares with 50 km of greenstone geology.
European cement prices diverge in July, France leads gains
France posted the strongest monthly increase in cement prices, while Germany and the UK lagged. Year-over-year gains ranged from 1.2% to 4% across major markets.
Oil rebounds as Russia-Ukraine war risks overshadow Iran concerns
Crude prices reversed losses after reports suggested Russia may escalate its war effort, while grain and fertilizer markets surged. U.S. natural gas futures climbed to a four-week high amid late-summer heat forecasts.
European gas prices surge to three-year high amid Persian Gulf tensions
Dutch front-month contract hits 74.32 euros/MWh, surpassing 2023 peaks as Strait of Hormuz disruptions threaten LNG transit. European storage remains below seasonal norms.
Chevron to invest over $7 billion in Venezuela over five years
U.S. oil major plans to boost output at Venezuelan ventures to 600,000 bpd with costs below $20 per barrel. Expansion follows political transition in Caracas.
Scorpio Gold reports high-grade assay results at Nevada project
Drilling program at Manhattan District yields up to 3.02 g/t gold over 48.92m, expanding inferred resources to 740,000 oz. Phase two program covers 32,585m across 114 holes.