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Commodities news — August 1, 2026 - Page 2

Publications tagged with Commodities published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 2 of 3.

68 publications

  1. WorldChinaCommodities

    Euribor Closes July at Highest Level Since 2024

    The Euribor, the reference rate for most variable-rate mortgages in Spain, closed July at 2.86%, its highest level since September 2024. This increase will make variable mortgages more expensive. A person with a €150,000 mortgage at 30 years and a 0.99% differential will see their monthly fee increase by €64.78. Experts attribute this rise to geopolitical tensions and expect the ECB to consider interest rate hikes. The Euribor is predicted to end 2026 between 2.5% and 2.7%, but could reach 3% if inflation continues to rise.
    7 sourcesSee all sources
  2. ScienceCommodities

    Japan Intervenes in Currency Market, Yen Surges

    The yen exchange rate temporarily surged to around 157 yen per dollar, with market intervention observed. This is the first time in two months that such intervention has been seen. The government and the Bank of Japan are suspected of intervening in the foreign exchange market by buying yen and selling dollars. The yen has appreciated sharply, reaching its highest level in about two months.
    29 sourcesSee all sources
  4. WorldArcticCommoditiesHardware

    China's Factory Activity Contracts in July

    China's factory activity unexpectedly contracted in July, ending a four-month expansion streak, according to data from the National Bureau of Statistics. The official manufacturing purchasing managers' index (PMI) fell to 49.2 in July from 50.3 in June, slipping below the 50-point mark that separates expansion from contraction. The contraction was driven by a decrease in new orders, both domestic and export, as the export rush that powered a second-quarter rebound began to unwind. This development adds pressure on Beijing to boost domestic demand and roll out additional policy support to buttress growth.
    20 sourcesSee all sources
  5. BusinessTaxCommoditiesEquities

    ExxonMobil, Chevron Post Record Profits Amid Middle East Conflict

    ExxonMobil and Chevron reported record-breaking quarterly profits, driven by soaring oil prices and refining margins due to the ongoing U.S.-Iran conflict. Exxon's profit hit $14.7 billion, while Chevron's reached $12 billion, both companies' highest since 2022. Despite missing analyst estimates, Exxon's earnings were still up significantly from last year. Chevron beat expectations and posted its largest quarterly profit in six years.
    28 sourcesSee all sources
  6. SocietyNorth AmericaCommoditiesHardware

    Tether Reports $1.5B Q2 Profit

    Tether reported a net operating profit of $1.5 billion in the second quarter, driven by U.S. Treasury and repo income. The company held $187.75 billion in assets against $183.64 billion in liabilities, maintaining a $4.11 billion reserve buffer. Tether reduced secured lending by $2.38 billion and added 14 tons of physical gold, bringing total gold holdings to over 146 tons. USDT issuance stood at about $184.6 billion.
    6 sourcesSee all sources
  7. WorldMiddle EastLogisticsCommodities

    New Rules for Fuel Transportation Through Crimean Bridge

    Starting August 4, fuel can only be transported through the Crimean Bridge in certified steel, aluminum, or anti-static plastic containers marked 'GSL', 'Flammable', fuel/gasoline/petrol, with UN symbol or flame pictogram. Containers must be hermetically sealed, filled no more than 95%, and have no leaks or damage. The overall limit remains 200 liters per vehicle. It is not allowed to transport fuel in cans and large household gas cylinders at the same time. Inappropriate containers result in denial of bridge passage until violations are corrected.
    10 sourcesSee all sources
  10. BusinessBudgetTradeCommodities

    Russian Banks Face Cash Shortage, Struggling to Buy Government Debt

    Russian banks are facing a cash shortage, with no spare ruble liquidity to buy government bonds used to finance the federal budget deficit, according to a senior Sberbank executive. This comes as the Finance Ministry faces a widening budget shortfall and may need trillions of rubles in additional borrowing this year. The federal budget recorded a deficit of 5.7 trillion rubles in the first half of 2026, with war-related expenditures potentially exceeding the budgeted amount by 4 trillion to 5 trillion rubles. The Central Bank may face growing pressure to provide funds to keep debt purchases flowing, as banks are increasingly short of liquidity and government bond auctions are suspended.
    2 sourcesSee all sources
  11. ScienceCommoditiesEquitiesHardware

    Stock Market Plunge in Asia Due to Chip Sector Fears

    The Tokyo and Seoul stock exchanges experienced significant drops, with the latter nearly losing 8%, due to fears surrounding the chip sector. The main South Korean semiconductor producers led the declines. Concerns about the sustainability of investments in artificial intelligence also contributed to the market downturn. The main indices in Europe and Wall Street were expected to follow suit.
    20 sourcesSee all sources
  12. BusinessTradeLogisticsCommoditiesMarkets

    Treasury Secretary Bessent on Economy, China Tensions

    Treasury Secretary Scott Bessent expects economic growth to pick up later this year with core inflation trending lower. He dismissed the slowdown in GDP as a 'technical adjustment' and expressed confidence in the economy's strength. Inflation, as measured by the PCE index, slowed in June but remains above the Fed's 2% target. Bessent warned about growing tensions with China over AI development and rare earth supplies, likening it to a 'water polo match' where the U.S. may need to 'kick back'.
    2 sourcesSee all sources
  13. SportsCommodities

    Brent Oil Prices Rise on Friday

    Brent oil prices increased on Friday evening, with the September contract trading at $89.92 USD (78.29 EUR) per barrel around 18:05 CEST. Prices remained positive, retreating slightly from intraday highs, with September Brent futures trading at $88.61 per barrel at 18:12 Moscow time, a $1.73 (1.99%) increase from the previous close. NYSE oil futures for September also rose $2.29 (2.74%) to $85.88 per barrel.
    2 sourcesSee all sources
  14. ScienceCommodities

    ExxonMobil, Chevron Profits Surge Amid Iran War

    ExxonMobil and Chevron reported significant increases in profits during the second quarter of 2026, driven by rising oil prices due to the Iran war. ExxonMobil's net income attributable for the quarter increased by 105% year-on-year to $14.525 billion, while Chevron's profit nearly quintupled to $12.072 billion. Both companies also saw substantial increases in revenue and production. ExxonMobil's CEO Darren Woods attributed the strong performance to the company's portfolio and operational model, while Chevron's CEO Mike Wirth highlighted the team's focus on safely supplying reliable energy.
    18 sourcesSee all sources
  15. ScienceChinaCommoditiesAR/VR

    Taiwan's Economy Booms with 13% GDP Growth Driven by AI Chip Demand

    Taiwan's economy surged 12.92% year-on-year in the second quarter of 2026, following a 14.55% increase in the first quarter, primarily due to strong international demand for advanced semiconductors used in artificial intelligence (AI) solutions. This growth, led by tech giants like TSMC and Hon Hai (Foxconn), has resulted in a significant increase in exports, particularly to the United States. However, the prosperity is not evenly distributed, with traditional sectors struggling and wages remaining low for most workers.
    8 sourcesSee all sources
  17. PoliticsChinaCommoditiesHardware

    Aeroflot's Fuel Costs Surge by Nearly 30% in Q2 2026

    Aeroflot, Russia's largest airline, has reported a significant increase in fuel costs for the second quarter of 2026. The airline's fuel expenses rose by 29.8%, or 14.1 billion rubles, compared to the same period last year. This increase was primarily driven by higher jet fuel prices at both Russian and foreign airports, as well as an expansion of flight programs. Despite this, the airline was able to partially offset the increase through payments under a damper mechanism.
    2 sourcesSee all sources
  19. WorldMiddle EastNorth AmericaCommodities

    South Korean Refiners Consider Venezuelan Crude Imports

    South Korean refineries are exploring the possibility of importing Venezuelan crude oil. GS Caltex has already received a shipment of 110,000 barrels in June for quality assessment. The Korean Petroleum Association confirms that four refineries are considering this option to diversify their supply sources due to Middle East conflicts and maritime transport interruptions.
    10 sourcesSee all sources
  21. BusinessTradeCommoditiesEquities

    Colgate-Palmolive Q2 Earnings: Revenue Beats Estimates, US Sales Decline

    Colgate-Palmolive reported a 4.9% increase in net sales to $5.36 billion for Q2 2026, beating analysts' estimates. Adjusted EPS was 99 cents, also exceeding estimates of 95 cents. However, organic sales in North America declined by 3% due to lower volumes driven by higher prices affecting low-income consumers. The company maintained its full-year net sales growth guidance of +2% to +6%.
    4 sourcesSee all sources