Commodities (Crude Oil & Copper) & Macro Outlook

According to President Trump, the United States reached an agreement with Venezuela on August 28, gaining majority control over more than 65 billion barrels of the country's proven oil reserves.

Venezuela's Interim President Nicolás Maduro Rodriguez announced that a petroleum agreement reached with the United States will bring $209 billion to the country's national treasury.

According to Fidelity Global Macro Research Director Jurrien Timmer, Bitcoin has held its power law trend line bottom and has adjusted for a sufficient length of time, meeting the time requirements of the four-year

According to MoneyDJ, on August 24, USA Rare Earth announced the completion of a $1.55 billion capitalization of a special purpose vehicle (SPV) to assume production capacity from Serra Verde Phase 1, with the U.S. government contributing $750 million. The arrangement includes a price floor for

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its Mocoa project in southern Colombia. The interval began 211 meters downhole and included 0.33% copper and 0.039% m

According to the U.S. Energy Information Administration, natural gas production in the U.S. is forecast to average 122.6 billion cubic feet per day in August, up from 122.0 billion in July, with September expected to reach 123.2 billion.

According to the U.S. Energy Information Administration (EIA), American oil production is expected to average 13.83 million barrels per day in August, a slight increase from 13.82 million barrels per day in July. The EIA forecasts production will decline to 13.77 million barrels per day in

According to Colombia's National Hydrocarbons Agency, oil production in July declined 2.46% year-over-year, with an average daily output of 727,920 barrels.

According to Colombia's National Hydrocarbons Agency (ANH), liberalized natural gas production declined 9.41% year-over-year in July, falling to 722 million cubic feet per day.

According to Guru Club, on August 29, President Trump announced reaching an oil agreement with Venezuela, stating that the US has gained majority control over 65 billion barrels of oil reserves.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia, with the interval beginning at 211 meters downhole and

According to MoneyDJ, USA Rare Earth (USAR) announced on August 24 that its special purpose vehicle for Serra Verde Phase 1 completed $1.55 billion in capitalization, with $750 million from the U.S. government. The arrangement includes pricing protections for rare earth elements, with terms

According to CNBC, Affirm CEO Max Levchin said on Friday that high gas prices are weighing on U.S. consumer spending. The national average gas price stood at $4.09 per gallon, down from May's peak of $4.50 but still elevated. Levchin noted that consumers are seeking payment flexibility tools to

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval, starting at 211 meters downhole, contained 0.33% co

According to Xinhua, on August 28, Chile, Argentina, Bolivia, and Peru signed a joint statement following a ministerial-level meeting in Santiago. The declaration calls for strengthened regional cooperation on sustainable development of critical minerals, technology exchange, and investment to

Rosneft announced oil and condensate production reached 89.8 million tons in the first half of 2026, equivalent to 3.69 million barrels per day.

According to sources close to the matter, Chevron is approaching completion of negotiations to integrate its joint venture operations in Venezuela into the country's new petroleum policy framework. The oil giant is also negotiating with Venezuelan authorities over contract blocks aimed at

On Aug 28, Iranian President Pezeshkian said Iran and Oman have reached new consensus on reopening the Strait of Hormuz's shipping lanes under a coordinated plan. Pezeshkian noted that Oman initially backed Iran but later adopted a more reserved stance before both sides realigned in recent

According to Iran's Revolutionary Guard Corps, on August 28, all vessels attempting to pass through the Strait of Hormuz without Iranian coordination will be blocked with full force and absolute authority. The statement reflects the IRGC's assertion of control over one of the world's most critical m

According to Jin10, the U.S. Department of Defense is negotiating with Venezuelan oil investor Alejandro Betancourt over significant petroleum reserves on August 29. The talks involve up to 17 oilfields across major Venezuelan oil regions, including the Orinoco heavy oil belt and Lake Maracaibo