Commodities News — page 3

In a rapid shift, Goldman Sachs analysts have moved from dialing back oil forecasts to lifting them, with the possibility of Brent reaching around $120 as Middle East disruptions potentially persist into 2027.

Markets across Asia were mixed as oil prices stayed firm amid tensions around Iran, with gold movements and stock rallies outlined alongside expectations for interest-rate policy ripple effects.

China’s central bank increased its gold holdings to a peak not seen since 2023, while its foreign exchange reserves continued rising, signaling ongoing asset diversification and reserve-building.

Silver traded between $65.91 and $67.04 on September 7, 2026, last at $65.91 (-0.21%).

Gold traded between $4,412.02 and $4,481.30 on September 7, 2026, last at $4,412.02 (-0.40%).

Rising diesel prices and widening refining cracks push Brent closer to the $95 mark amid tightening middle distillate supplies, with products leading the latest oil price move.

Barrick Mining postpones the IPO of its U.S. gold unit to 2027, while Gold X2 secures NYSE American listing approval and extends its annual meeting deadline.

Gold extended a pullback after hitting two-week lows and erasing a large portion of last week’s gains as expectations for a Federal Reserve rate increase intensified.

Methanex confirms plans to idle its New Zealand methanol plants, citing reduced domestic natural gas availability and a related contract entitlements sell-off, contributing to mixed sentiment around New Zealand markets.

Asian shares broadly lower as gold prices ease and miners retreat, while regional indices track declines after a U.S. market downturn and commodity moves signal softer energy demand.

Washington advances talks involving direct government holdings in Venezuelan petroleum assets, prompting immediate gains in relevant crude-energy equities.

Major energy firms negotiate capital deployment in Venezuelan oil assets, prompting modest crude declines amid shifting supply outlooks and strategic transit discussions.

The Trump administration has deployed a U.S. Navy blockade to slash Iranian oil exports and escalate economic warfare, following unsuccessful July airstrikes aimed at ending Tehran's claims over Hormuz.

Sierra Madre Gold and Silver Ltd. released second-quarter earnings data revealing total revenue of $8.23 million and GAAP earnings per share of $0.00.

Wheat futures surge to three-year peaks and Euronext contracts reach one-month highs, driven by intensifying concerns over the stability of grain shipments from the Black Sea region amid the ongoing Russia-Ukraine conflict.

Energean is negotiating exclusively to purchase a portfolio of oil and gas assets in Egypt from BP, a transaction with an estimated value of approximately $1 billion.

Technology index contracts extend gains following semiconductor maker’s quarterly results and forward guidance, even as crude oil prices decline amid shifting cross-asset positioning.

An oil tanker sustained a strike by an unidentified projectile in the Strait of Hormuz, exacerbating risks to shipping traffic and complicating diplomatic efforts to conclude the Iran war while testing political assertions regarding the waterway's operational stability.

Gold holds near $4,600 as profit-taking tempers gains ahead of Fed Chair Kevin Warsh's Jackson Hole speech, while lower yields and a weaker dollar sustain underlying support.

Advocacy organizations are petitioning federal regulators to establish structured pathways for US-tradable perpetual contracts, with specific appeals targeting energy and equity derivative markets.

Deutsche Bank reinforces its status as a leading gold advocate by directing clients to purchase the metal, while the bank's stock simultaneously records a period of gain.

Enbridge purchases Salt Creek Midstream crude gathering assets in the Permian Basin in a $600 million deal, expanding its North American midstream infrastructure operations.

Global crude oil prices extended losses following reports that Iran and Oman are engaged in renewed discussions regarding a temporary arrangement for the joint management of the Strait of Hormuz, sparking hopes of the waterway's reopening.

India's crude oil intake from Russia declines in the current month following July's record high, as infrastructure damage and strong Chinese demand constrain available barrels.

Asian equity markets posted broad gains driven by a surge in technology shares and declining crude oil prices linked to Strait of Hormuz hopes. Momentum faced constraints from anxiety over upcoming U.S. PCE inflation data, looming Nvidia earnings, and an anticipated Thai rate decision.

The mining company announced its second-quarter financial results, noting an increase in year-over-year profitability alongside reported revenue of C$49.04 million and non-GAAP earnings per share of C$0.03.

Engineering and technology firm SLB has obtained access to high-value oilfield data in Venezuela following the execution of a specific contract, reports indicate.

A trio of publicly traded energy companies is drawing investor attention following Baghdad’s push to increase national production, with Chevron among the firms executing new commercial agreements.

Norwegian energy major Equinor anticipates a substantial oil discovery in Namibia's offshore region, signaling the company's entry into a sector described as a global exploration hotspot following statements made by executives.

India's crude import bill is surging as an Iran war restricts Middle Eastern supplies, lifts benchmark prices, quadruples freight rates, and drives Strait of Hormuz insurance costs to unprecedented levels.