Commodities
Electra secures C$17.5 million for North America's first cobalt refinery
Funding from Invest Ontario will advance construction of a 5,120-tonne cobalt sulfate plant in Temiskaming Shores, with commercial output slated for Q4 2027.
Savannah Energy posts 13% rise in cash collections, lifts revenue
Cash collections reached $247.9 million in seven months to July, while revenue climbed 10% to $160.6 million. Production rose at Stubb Creek and the Uquo 13 well came online in Nigeria.
80 Mile’s Italian biodiesel plant gains dual sustainability certifications
The Ferrandina facility, operated by Greenswitch, secures INS and ISCC certifications, qualifying products for Italy’s double-counting regime and EU sustainability standards. Commercial production remains on track.
Vale studies rare earths and gold extraction from mining waste
Mining giant evaluates economic potential of rare earths, gold and other minerals in tailings as part of circularity push. Studies show encouraging but preliminary results.
Oil prices fall for third day, easing market jitters ahead of Jackson Hole
Brent crude drops over 2% to $85.43, WTI falls 2.4% to $80.36 as geopolitical risks ease. Fed's Warsh to speak at Jackson Hole as inflation data looms.
Wolfe Research sees cautious optimism in global agriculture sector
Sentiment improves in U.S. and Brazil as soft commodity prices rebound, though farmers cite policy frustrations. Fertilizer affordability remains a key variable for fall planting.
Gold holds near three-month highs as investors await PCE data
The metal remains supported by dollar weakness and falling oil prices, with focus shifting to U.S. inflation data and a speech by Fed Chair Warsh at Jackson Hole.
Permian Basin set for multi-year natural gas growth cycle, Citi says
Analysts at Citi project the Permian Basin will become the largest U.S. natural gas producer as infrastructure expansions address chronic takeaway constraints, fueled by rising LNG exports and AI-driven power demand.
Oil tanker traffic via Strait of Hormuz slumps amid diplomatic talks
Daily crossings fell to five vessels on Tuesday, well below the ten-day average of 15, as Iran and Oman discuss a temporary shipping route while U.S. sanctions target Tehran’s oil facilitators.
European natural gas futures rise 1.7% as oil and heating oil fall
Nymex October natural gas contracts advance on Wednesday, while crude and heating oil futures decline. U.S. dollar index also edges higher.
Permian Basin gas output to hit record as infrastructure lifts Waha prices
U.S. natural gas production in the Permian Basin is set to surge 60% by 2025, with Citi forecasting the basin will become the largest gas producer in the country. Infrastructure projects and rising LNG exports are key drivers.
BHP warns copper rally inflated by tariff fears, risks price reversal
Copper gains driven partly by U.S. tariff concerns may reverse as tariff risk premium fades, posing downside risk to BHP’s EBITDA and share price.
London Gas Oil holds near $1,228 as traders eye key support levels
London Gas Oil consolidates between $1,204 and $1,277 after a recent pullback. Technical indicators suggest potential downside toward the 200-period moving average.
Gold extends 25-year bull run as price recovers to near record highs
The precious metal has erased its 2026 losses after a sharp rebound in August, with analysts citing dollar weakness and safe-haven demand. Long-term gains since 2001 exceed 1,600%.
Oil prices fall as sanctions speculation weighs on markets
Brent crude and WTI decline on reports of potential sanctions, with technical levels under scrutiny as traders assess downside risks.
U.S. aluminum market seen tight despite tariff adjustments
Analysis projects persistent supply constraints in the U.S. aluminum market even after recent tariff changes, with prices expected to remain elevated.
Silver consolidates near $68.70 after rebound; breakout targets eyed
Technical analysis suggests silver faces a pivotal test at the Daily VC PMI mean (representing the Variable Changing Price Momentum Indicator) after a reported 12% recovery. A breakout above $71.29 could expose weekly targets near $75.00.
Gold holds $4,649 support ahead of Jackson Hole; Iran tensions weigh
Technical levels in focus as central bank buying and geopolitical risks shape gold's near-term direction. Jackson Hole symposium reportedly looms as a key catalyst.
European stocks edge up as Brent crude sinks 2.6% amid Middle East ceasefire talks
European equities advanced modestly on Wednesday, with gains capped by a sharp drop in Brent crude after reports of a potential U.S.-Iran ceasefire. ECB warnings of further tightening added pressure to rate-sensitive sectors.
European gas prices fall 3% as Middle East ceasefire talks ease supply risks
Dutch and British wholesale gas contracts decline after reports of a potential U.S.-Iran interim ceasefire agreement reduce fears of LNG supply disruptions. Brent crude also drops over 2.5% to $85.01.
European stocks rise as oil falls despite ECB rate hike warnings
European equities edged higher on Wednesday as Brent crude slumped 2.6% after reports of a potential U.S.-Iran ceasefire deal. ECB board member Schnabel reiterated the need for further tightening.
U.S. SPR crude falls to 289.7 mln barrels as inventories build
Strategic Petroleum Reserve drops further toward operational minimum amid rising commercial stockpiles and weekly crude inventory build. WTI and Brent decline on the day.
Ukraine strikes Afipsky refinery as Russian fuel crisis deepens
Latest drone attack on 180,000 bpd Krasnodar facility follows months of near-daily strikes crippling refining capacity and tightening global diesel supplies. Governor reports two deaths, 10 homes damaged.
Canadian oil sands maintenance to tighten U.S. crude supply by 300,000 bpd
Seasonal maintenance in Canada’s oil sands threatens to cut heavy crude exports to U.S. refiners, compounding global fuel supply constraints and lifting refining margins further.