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Commodities news — August 23, 2026
Publications tagged with Commodities published on August 23, 2026 (UTC). This is a fixed calendar-day archive.
9 publications
Russia Imports Gasoline from Turkey
Russia has started importing gasoline from Turkey, with the first shipment of 200,000 barrels expected to arrive by the end of August. This is a rare and unprecedented transaction that reverses traditional roles in global energy trading. The tanker, Wendrix, is an MR-class vessel with a deadweight of 25-50,000 tons and is heading to one of Russia's Baltic ports. This import would be the fifth such delivery since July, following three shipments from India and one from Morocco.7 sourcesSee all sources
Bank of Canada Warns of Risks from Rising Private Credit
The Bank of Canada is monitoring the growth of private credit, where businesses borrow from non-bank lenders like asset managers and insurers. This model, which has Canadian investors and banks exposed to CAD 500 billion in loans, has been linked to high-profile bankruptcies globally. While the share of Canadian businesses using private credit remains limited, the Bank of Canada flags concerns about its lack of regulation and potential contagion effects in a market downturn.6 sourcesSee all sources
US Energy Secretary Announces Record Oil and Gas Production
The US Energy Secretary has announced that the country's oil and gas production has reached an all-time high, making it the world's largest producer of these resources. This increase is attributed to the hard work of American oil and gas workers.20 sourcesSee all sourcesGold ETF Investments Surge, Pushing Gold Price Above $4,600
Global investors have been actively rebuilding investments in gold ETFs, with net inflows totaling $15.1 billion over seven weeks, including $3.8 billion in the latest week. This surge in investment has driven the price of gold above $4,600 per troy ounce for the first time since May. The primary reasons behind this trend are expectations that the Federal Reserve will maintain its current rate following its September meeting and the rapid growth of US public debt and budget deficit.2 sourcesSee all sources
Watermelon and Cantaloupe Prices Surge by 26-31% in Russia
Average retail prices for watermelons and cantaloupes in Russia have increased by 26% and 31% respectively over the past year. Experts attribute this to increased production costs, primarily due to higher logistics prices caused by fuel issues, and a late start to the harvest season. Additionally, a shift in consumer demand towards pre-cut and packaged products has contributed to the overall price increase.6 sourcesSee all sources
Sugar Price Surge: Experts Rule Out Ethanol Link
Sugar prices have skyrocketed due to a decline in sugarcane production, increased stockpiling by traders, and festive demand, according to experts who have ruled out ethanol production as the main reason. Some experts attribute the price rise to sentiment-driven market dynamics and delayed government action.19 sourcesSee all sources
US Dollar Hits Record High Against Iranian Rial
The US dollar reached an all-time high against the Iranian rial on Sunday, climbing above 1.98 million rials in the open market. This marks another record high in the currency's value, following a trend of increasing foreign exchange rates in Iran. The euro and British pound also saw increases, reaching about 2,312,000 rials and 2,700,900 rials respectively.7 sourcesSee all sources
Tesla Recalls Nearly 3 Million Vehicles in China
Tesla is recalling nearly 3 million vehicles in China due to two safety issues. The first involves emergency door-release safety issues that will be fixed through warning labels and a software update that lowers windows after severe crashes. The second issue involves driver-attention monitoring and collision risks when driver-assistance features are active, which will be addressed through an over-the-air update.109 sourcesSee all sources