Commodities
Tether’s $120 million Uruguay bitcoin mining venture collapses
Dispute with state utility UTE over power supply terms led to the shutdown of two mining sites valued at $120 million. Tether’s local unit Microfin settled debts after power was cut in July 2025.
China fuel exports surge in July as restrictions lifted
Refined fuel shipments more than doubled from June to 1.74 million metric tons, driven by easing of export curbs. Diesel, gasoline and jet fuel volumes rebound to pre-Iran war levels.
Rising U.S. debt pressures dollar, gold hits record near $4,567
Dollar index falls to three-month low as Treasury bond yields climb to multi-decade highs amid fiscal concerns. Gold and Bitcoin gain as investors seek alternatives.
Gold tests key resistance after rally; $4,649 seen as next target
Technical analysis points to $4,649 as the next major resistance level after gold reclaims the $4,558 mean. Corrections toward $4,519–$4,467 may offer entry points.
U.S. blockade curbs Iranian oil exports, analysts say global market unaffected
Reinstatement of U.S. sanctions halts Iranian crude shipments from key terminal, removing Tehran from oil market balances. Analysts warn of underpriced geopolitical risk amid tight refined product markets.
Brent crude dips as weekly gains hold after sharp rally
Weekly oil price surge persists despite Friday pullback as geopolitical risks tighten supply from key Persian Gulf route.
Kazatomprom sets October shareholder meeting for uranium deals, board changes
Majority shareholder Samruk-Kazyna called an extraordinary meeting to approve two confidential uranium concentrate sales and a board reshuffle. Record date set for September 11.
Panama Canal cuts ship transits due to low rainfall, El Niño impact
Daily allowable crossings to drop to 32 from 36 starting September as drought curtails water supply; El Niño forecasts signal further pressure in 2026-27.
Regis Resources posts record $715m FY26 profit, $1.2bn cash build
Gold miner’s statutory net profit surged 181% to $715m as higher gold prices and disciplined costs drove record cash generation. Dividend declared at 35 cents per share.
Regis Resources posts record $715m profit on surging gold prices
Gold miner's FY26 net profit more than triples to $715m as average realized price hits $6,283/oz. Dividend total tops $300m for 18 months.
Germany’s gas storage target slips as Iran war lifts prices
Storage levels stand at 50% of capacity, well below the 70% target for early November, as high prices deter purchases. EU average is 62%.
Gold slips as long-dated Treasury yields rebound, 200-day SMA in focus
Spot gold falls 0.8% as 30-year Treasury yield rises above 5.23%, unwinding a portion of Wednesday’s 3% rally driven by buyback-driven yield compression.
Callan JMB to buy Williston Basin oil assets from Reger Oil for $252M cash flow
Callan Power LLC, a unit of Callan JMB Inc., will acquire oil and gas assets in North Dakota’s Williston Basin from Reger Oil, with a 23-well drilling program set to begin in May 2027. The deal includes a 75% working interest and projects $252 million in net cash flow under a $75/bbl oil price assumption.
Exxon seeks $80 bln Kashagan deal as Tengiz output seen peaking
ExxonMobil eyes a joint venture to develop Kazakhstan’s Kashagan field, aiming to offset a projected 40% decline in Tengiz output by 2035. Terms hinge on resolving a $150 bln dispute and a $5 bln fine.
UBS cuts U.S. natural gas price forecasts on resilient supply outlook
Analysts trim 2026-2027 price targets by $0.20/mmbtu as inventories swell to 3.15 tcf, 7.8% above five-year average. Production holds steady at 110-111 bcfd.
U.S. Gold explores options for Wyoming gold-copper project after feasibility boost
Company forms special committee to evaluate M&A bids and capital options for CK Gold Project, where NPV surged to $1.37 billion at current prices. Construction decision targeted for H2 2026.
ASP Isotopes’ helium plant in South Africa enters commissioning phase
Tetra4’s Virginia Gas Project begins commissioning its helium plant, with first commercial shipments expected in 2026. Phase 1 targets 70 Mcf/day of liquid helium alongside LNG output.
KGHM posts 860% profit surge in H1 2026 as copper prices rally
Polish miner's net profit soared to PLN 5.6 billion on higher copper and silver prices, though earnings per share missed forecasts. Adjusted EBITDA rose 89% year-over-year.
Oil prices rise as supply tightness masks crude stock builds
Brent and WTI extend gains amid Middle East tensions and refining bottlenecks, even as U.S. crude inventories climb for a second week. The Brent-WTI spread widens to $6.61.
Data centres seen consuming silver at scale of major miner’s output
World Silver Survey 2026 projects data centre demand to exceed 42 million ounces annually by 2027, reshaping industrial consumption patterns. Silver price near eight-week high as yields ease.
Swiss gasoline prices rise above 2 francs per liter for first time since 2022
Average price for 95-octane gasoline reaches 2.02 francs per liter, driven by Middle East tensions, reduced refinery capacity and Rhine transport disruptions. Diesel climbs to 2.27 francs.
EU gas storage at 62% as winter nears, Commission sees no immediate supply risk
EU gas inventories remain below last year’s levels at 62% capacity, but the European Commission says no near-term supply shortages are expected despite high prices linked to regional tensions.
Russia extends soybean export duty through August 2028
Moscow maintains 20% tariff on soybeans to manage domestic supply and prices, with linseed duty under review.
Morgan Stanley sees gold above $5,000 per ounce by 2027
Bank forecasts record price amid central bank buying and Fed policy expectations, though warns of volatility. ETF flows turn positive as Fed hold outlook solidifies.