Commodities
Oil tanker struck by unidentified projectile off Oman coast
Vessel left inoperable after impact near Ash Shishah; UKMTO reports no crew injuries. Environmental impact under assessment.
U.S. reopens cattle border with Mexico amid parasite concerns
Trade resumes after 14-month ban as U.S. allows limited cattle imports via Arizona and New Mexico ports, while Texas remains closed due to screwworm risk.
Dollar rises as US-Canada trade spat fuels risk aversion; gold at three-month high
The U.S. dollar gained ground against most peers as trade tensions with Canada escalated and sanctions on Iran tightened. Gold extended gains to a three-month peak above $4,660 an ounce.
Brazil’s grid operator cuts 1 GW of power to prevent nationwide blackout
Emergency curtailment targets small hydro and biomass plants as distributed solar growth strains system stability. ONS warns of further cuts amid rising weekend surplus.
Gold tests $4,655 resistance as dollar, yields weigh on outlook
Metal climbs for third straight week but faces technical hurdles above $4,655 and $4,800. Dollar softness and debt concerns underpin gains despite rising Treasury yields.
Micropolis Robotics wins ADNOC supply deal for oil, gas robotics
UAE-based Micropolis Robotics to deploy autonomous robots and Physical AI for ADNOC’s oil and gas operations, expanding its industrial automation footprint.
The Metals Royalty raises stake in Mesabi iron ore project to 2%
The company doubled its royalty position in the Mesabi Metallics project, securing $140 million in convertible notes and $25 million in term financing to fund the expansion.
Gold futures rise 0.55% as dollar index gains 0.21% in U.S. session
December gold futures climbed to $4,706.16 per ounce on Comex, while the U.S. Dollar Futures Index rose to 98.94. Silver and copper posted mixed moves.
Copper holds $6.55-$6.65 range as bulls, bears eye breakout
Copper prices remain locked in a tight consolidation as technical signals hint at a potential directional move. Traders weigh entry points near $6.55 or $6.62, with targets extending to $7.00.
Gold hits record $4,738 as technicals flash overbought signals
XAU/USD surges to an all-time peak amid strong momentum, while the Relative Strength Index approaches levels typically associated with exhaustion. Trading strategies outline key entry and exit points.
Natural gas tests $2.884 resistance as technicals signal indecision
U.S. natural gas futures remain trapped in a narrow $2.780-$2.880 range, with the 200-period moving average capping gains. Technical indicators suggest potential breakout scenarios amid low volume.
U.S. oil futures drop 2.1% as dollar strengthens during session
WTI crude for October fell to $85.22 per barrel, while Brent for November declined 2.2% to $90.63, as the U.S. dollar index rose 0.23%.
US ethanol credit prices fall after EPA delays biofuel compliance deadline
Prices for US ethanol credits declined following the Environmental Protection Agency's postponement of the biofuel compliance deadline.
Soybean futures slip as soyoil drags; strong exports cap losses
CBOT soy complex falls with soyoil leading declines as crude oil weakens. Export demand and crop projections limit downside as EPA deadline looms.
Brazil's August coffee exports exceed full-month 2025 total by 50%
Green coffee shipments surge to 153.8K tons by Aug. 24, surpassing August 2025's 142.9K tons, as daily export pace jumps over 50% amid record harvest.
IEA rules out second coordinated oil reserve release
Executive Director Fatih Birol says no plans exist for another global stock drawdown, as EU storage targets loom and gas levels remain below historical averages.
TotalEnergies CEO flags crude bearishness, product market strength
Patrick Pouyanne warns of a divergent oil market as benchmark crude trades near $90/bbl while refined products command elevated premiums. U.S. gasoline seen holding above $4 under Trump policy.
Norway’s Arctic Drill‑Down: Why Europe’s Energy Security May Cost More Than It Saves
Oslo’s decision to push ahead with Barents Sea drilling pits sovereign oil ambitions against the EU’s climate push, reshaping Europe’s supply outlook and the politics of Arctic exploitation.
Brazil’s basic materials stocks rise as iron ore gains on China stimulus
Basic materials led the Ibovespa’s 0.73% gain Monday, with iron ore prices up 1.27% on Dalian exchange amid steady Chinese lending rates and sustained demand from the world’s top buyer.
Gold tests double top as bearish momentum builds amid U.S. Treasury actions
Futures briefly topped $4,738 an ounce before pulling back as sanctions announcement looms; technical resistance and Treasury bond-buying program weigh on outlook.
Alcoa breaks ground on Western Australia gallium plant
New facility at Wagerup refinery to produce gallium as a byproduct of alumina processing, with up to 200 construction jobs and 20 permanent roles. Project involves Australian, Japanese and U.S. partners.
Morocco to resume soft wheat imports from mid-September with subsidies
State grain agency ONICL plans to restart soft wheat purchases on Sept. 16 after a June pause, offering subsidies through year-end to stabilize domestic supply and prices.
Europe’s EV sales surge to 20.7% market share on high fuel costs, incentives
Battery-electric car registrations in Europe rose 40.4% in H1 and reached 20.7% of all new sales, driven by record fuel prices, state subsidies and cheaper models. France and Germany posted shares above 30% and 29% respectively.
Oil markets shrug off Iran Strait of Hormuz threats amid U.S. sanctions push
Iran’s warnings of a full oil blockade fail to sway markets as traders focus on record U.S. production and Washington’s fresh sanctions package targeting Tehran’s trade partners.