Market news
Selected industry headlines, updated hourly. Last update: 3 Oct 2026, 17:03 (Dubai time).
Oil & Gas
- Getting Oil Through Hormuz Is a Risky Job
The transits are a lifeline to gulf energy producers and a boon to shipowners and commodity traders who stand to reap billions of dollars from the trade.
- Trump Says South Korea Deal Includes $8.4 Billion U.S. Oil Project
President Donald Trump said Friday that South Korea’s investment agreement with the United States now includes $8.4 billion for an enhanced oil recovery project. Seoul says it agreed to no such…
- Oil Falls as G7 Taps Emergency Supplies
Diesel and oil prices fell as G7 nations moved to release emergency supplies.
- Canada PM Invokes New Powers to Fast-Track Oil Pipeline
Prime Minister Mark Carney is expediting regulatory approval for a new, high-capacity oil pipeline to expand Canada's access to Asian markets.
- U.S. Oil Drilling Inches Up As Prices Fall
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US falling…
- Dated Brent Above $120 Signals a Serious Oil Squeeze
Physical oil markets tighten sharply as Dated Brent surges above $120 despite ICE Brent slipping toward $101. Friday, October 02, 2026 The European diesel stock release, droned tankers in the Strait…
- G7 Moves to Release 100 Million Barrels to Counter Diesel Crisis
The G7 and its partners have agreed to release as much as 100 million barrels of emergency diesel and crude stocks over the next four months, putting government inventories into a fuel market that…
- USA Crude Oil Stocks Rise Almost 1MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 427.320 million barrels on September 25, the EIA's latest weekly petroleum status report showed.
- WTI Whipsaws as Gulf Supply Improves and Middle East Risk Returns
November WTI crude oil futures spent the week caught between two opposing trades. Gulf crude flows improved as Saudi Arabia restored export routes and producers found ways around the Strait of Hormuz…
- Europe's Soaring Gas Bill Is Sending Utilities Back to Coal
Europe’s energy crisis isn’t over. Gas prices remain punishingly high across the continent as Europeans stare down the barrel of a long winter. In response to back-to-back-to-back energy crises…
Metals
- Glencore gets RIGI nod for $4B Argentina copper project
Glencore (LSE: GLEN) has secured Argentine government approval for its $4 billion (C$5.7 billion) Agua Rica copper project under the country’s special investment incentive program, clearing a…
- Osisko plots major resource increase for Gaspé
Osisko Metals (TSX: OM; US-OTC: OMZNF) expects its Gaspé copper project in Quebec to get even bigger as new drilling fills gaps in the resource and deeper mineralization is added... The post Osisko…
- New $850M debt deal moves Troilus copper-gold project closer to full funding
A new debt-financing accord brings Troilus Mining (TSX: TLG; US-OTC: CHXMF) closer to securing the entire capital needed to develop its namesake copper-gold project in Quebec. Germany’s KfW IPEX-Bank…
- Pension funds use gold as bond hedge weakens
Gold is finding a durable place in some pension-fund portfolios as investors look for protection from inflation, market shocks and the weakening diversification benefits of bonds, according to the…
- Brazil mine licence system faces court test
Brazil is trying to speed up mine approvals just as its Supreme Court weighs challenges that could undo parts of the country’s new environmental licensing system. The overhaul sets national... The…
- TNM Drill Down: Lion One in Fiji leads gold assays for August-September
Drilling in Fiji, Ecuador and the United States returned the top gold results for the Aug. 17 to Sept. 15 period, with assays from Lion One Metals (TSXV: LIO), Auro... The post TNM Drill Down: Lion…
- Mountain Province gives De Beers 49% of Gahcho Kué
Diamond-market weakness pushes the Canadian miner to shed mine liabilities and seek fresh funding for its balance sheet. The post Mountain Province gives De Beers 49% of Gahcho Kué appeared first on…
- Volta drills 68g gallium, heavy rare earths at Springer in Ontario
Drilling at Volta Metals’ (CSE: VLTA) Springer project in northern Ontario cut through the centre of the deposit, returning heavy rare earth mineralization and strong gallium grades in all…
- Beaver Creek: Gold’s bond break puts juniors in play
BEAVER CREEK, COLO. Gold has more than doubled since early 2022 even as U.S. bond yields climbed, a break investors at the Precious Metals Summit say may signal bullion is... The post Beaver Creek…
- Brazil court shuts Sigma Lithium mine
Sigma Lithium (TSXV, Nasdaq: SGML; ASX: SAU) has halted all mining and processing at its Grota do Cirilo complex in Brazil, two days after dismissing reports that a court had... The post Brazil court…
Data centers: AI & mining
- General Compute signs multi-year agreement with Cerebras
Will see Cerebras' wafer-scale compute coming to the AI cloud platform
- Intro Group to invest $270m in Egypt’s Kemet Data Center
The facility will be developed in two phases
- Poland’s National Data Processing Center receives EU funding grant
The data center network has received PLN 1.56 billion ($401m) from the European Funds for Digital Development program
- AI data center planned for Karlsruhe Institute of Technology, Germany
Facility estimated to cost €24 million and open in 2030
- AWS drops non-disclosure agreements for data center projects
Follows Microsoft's footsteps
- Sponsored: Managing complexity in the AI data center era
The conversation around AI infrastructure often centers on one question: Where will all the power come from?
- NetworkOcean runs GPU on floating data center powered by solar panels in San Francisco Bay
Startup has pivoted away from underwater data centers to harness the power of the sun
- Castle IT to open new data center in Saint-Omer, France
Will be colo firm's second facility
- High-density fiber without the chaos
Molex connected enterprise solutions
- Xeal wants to use spare EV charging capacity to power Edge data centers for AI inference
GPUs could be coming to a parking lot near you
Economy: EU
- Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
- Boris Vujčić: Resilience, integration and competitiveness: building the future of European banking
- Isabel Schnabel: Central banks on-chain
- Christine Lagarde: Where AI risks meet
- Christine Lagarde: Interview with La Croix
- Isabel Schnabel: Monetary policy in a world of overlapping shocks
- Frank Elderson: Supervisory risk appetite, efficiency and effectiveness
- ECB amends monetary policy implementation guidelines as part of regular review
- Christine Lagarde: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
- ECB Executive Board member Isabel Schnabel to resign to take senior role at IMF
Economy: CIS
- Elon Musk and Shivon Zilis Part Ways
Neuralink executive Shivon Zilis publicly announced her split from billionaire Elon Musk, stating on social media platform X that it was his decision, and admitting it has been tough
- Kazakhstan, Belarus agree to boost exchange-based trade
- MultiBank Group plans regional office in Kazakhstan, eyes $30-40M investment
- Turkmenistan’s commodity exchange seals major oil, chemical deals
- Russian authorities allow inclusion of petrol station sales with price cap in exchange norm until year-end
The Russian government has allowed gasoline and diesel producers until the end of 2026 to consider volumes sold at petrol stations when fulfilling the minimum exchange norm for mandatory fuel sales…
- KazMunayGas set to deploy digital twins at 12 oil fields by end-2028
- Uzbekistan’s exports reach $22.9B in Jan-Aug 2026
- Activists who have exhausted entire world with this “green agenda” have now come to realize that no economy can develop without oil, gas, and fuel - President Ilham Aliyev
- Zangezur Corridor may contribute to strengthening Azerbaijan-Armenia peace - Elchin Amirbayov (PHOTO)
- Oxford Institute highlights changing oil market positions amid Hormuz crisis
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