Commodities news — August 11, 2026

5 publications

1. WorldMiddle EastChinaCommodities

   Aug 11, 2026, 22:15 UTC

   China's Teapot Refiners Set to Boost Iranian Oil Imports

   Stockpiles of crude oil held by independent refiners in China's Shandong province have dropped to their lowest level in eight months, potentially leading to increased purchases of Iranian crude. Inventories declined by 35 million barrels in July, the largest monthly draw since 2016, according to Energy Aspects. This decrease may prompt China's teapot refiners to resume higher volumes of Iranian oil imports this month.

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2. WorldMiddle EastChinaCommodities

   Aug 11, 2026, 10:13 UTC

   Brazil's Record Uranium Import from Russia

   In July 2023, Brazil purchased uranium from Russia for a record amount of $84.5 million, marking a 168-fold increase from June and the highest since 1997. This surge made Russia Brazil's primary uranium supplier, surpassing its previous fifth-place ranking in June and July 2022.

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3. BusinessChinaBudgetCommodities

   Aug 11, 2026, 10:13 UTC

   Businessman Mizgir Detained, Transferred to Russia Over Substandard Canned Food Supply

   Dmitry Mizgir, a businessman wanted for supplying substandard canned meat to the Russian Ministry of Defense, has been detained in Belarus and subsequently transferred to Russia for further investigation. He has been charged with large-scale fraud under Part 4 of Article 159 of the Russian Criminal Code.

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4. BusinessTradeLogisticsCommodities

   Aug 11, 2026, 08:33 UTC

   BSE to Replace Wipro in Nifty 50 Index from September 30

   BSE Ltd is set to replace Wipro Ltd in the Nifty 50 index from September 30, 2026, following a semi-annual review by NSE Indices. BSE's inclusion is due to its greater free-float market capitalization. Wipro will transition to the Nifty Next 50 index.

   7 sourcesSee all sources
5. WorldChinaCommodities

   Aug 11, 2026, 07:22 UTC

   China's Strategic Oil Purchases Mitigate Hormuz Closure Impact

   China's proactive reduction in oil purchases ahead of the Hormuz closure helped stabilize global oil prices by offsetting the daily removal of around five million barrels from the market. This strategic move allowed China to weather the oil storm caused by the Iran War more effectively than other nations.

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