Argentina Doubles Vaca Muerta Oil Estimate, Boosting Export Ambitions
Argentina's Vaca Muerta shale now holds an estimated 30.17 billion barrels of recoverable oil, nearly double prior estimates, strengthening its export strategy.
Economy
Fatal Blast Hits Rotterdam Port Storage Facility
A blast at a Rotterdam port petroleum storage facility killed one and injured several during maintenance; cause under investigation.
US Jobless Claims Edge Up, But Labor Market Holds Steady
Initial US jobless claims rose 9,000 to 209,000 last week, signaling a stable labor market despite July's payroll dip.
US producer prices hold steady in July as goods costs ease
US producer prices were unchanged in July, with goods falling and services rising, reinforcing expectations the Fed will keep rates steady next month.
Parliament passes bill to rein in state mining levies
Parliament has passed a bill restricting new state taxes on mining and mineral-bearing land, aiming to standardise levies and end retrospective demands.
Zambia votes: Hichilema seeks second term amid economic discontent
Zambians vote in a presidential election seen as a referendum on Hichilema's economic reforms, with results expected Monday.
Danube's Record Low Levels Force Nuclear Plants in Hungary and Romania to Cut Output
Record-low Danube water levels have forced Hungary and Romania to reduce nuclear power output, sparking urgent debate on adapting reactors to climate change.
Global Oil Stockpiles Face Stress Test as US-Iran Conflict Drags On
Aramco says the world has lost 2.6 billion barrels since the war began. Government-held emergency stocks could cover the gap for only 180 days.
Iran and US Trade Claims Over Control of Strait of Hormuz
Iran's Basij chief claims Tehran controls the Strait of Hormuz, countering US assertions, as reopening hinges on interim deal commitments.
Romania shuts second Cernavoda reactor as Danube drought deepens
Romania has begun shutting down the second reactor at Cernavoda nuclear plant due to severe drought and record-low Danube water levels.
Zambia Votes: Economy at the Heart of Presidential Election
Zambians vote in a presidential election seen as a referendum on Hichilema's economic reforms amid cost-of-living frustrations.
Ghana cocoa farmers urge president to withhold assent on land-use bill
Ghanaian cocoa farmers are asking President Mahama not to sign a new bill that restricts land use, citing concerns over penalties for replacing unproductive trees.
Finance Panel Rebuffs Government's Cyber Fraud Plan, Flags Mule Account Gaps
A parliamentary panel has rejected the government's response on cyber-enabled financial fraud, citing a lack of accountability for banks and missed opportunities to recover funds.
Romania's Rate-Cut Debate Could Begin Early Next Year, Governor Says
Romania's central bank governor says rate-cut talks may start early next year as inflation falls, despite higher forecasts.
Norway Holds Key Rate at 4.25% as Inflation Cools, Future Hike in Doubt
Norges Bank keeps rates steady at 4.25%, citing cooling inflation but warning a hike may still be needed.
Turkey's central bank lifts 2026 inflation forecast to 28%
Turkey's central bank raised its end-2026 inflation forecast to 28% from 26%, citing higher import prices, while holding interim targets steady.
Norway Holds Key Rate at 4.25%, Signals Possible Future Hike
Norges Bank held its policy rate at 4.25%, noting softer inflation but warning a hike may still be needed.
Bangladesh tightens power-saving rules as gas crisis deepens
Bangladesh orders earlier shop closures and shorter business hours as gas shortages and the Iran crisis trigger load-shedding.
France's Nuclear Output to Drop 15% as Heatwave Peaks
France's nuclear fleet faces a 15% output cut on Friday as the fifth European heatwave forces reactor shutdowns, lifting power prices.
Ukraine Grain Exports Plunge 76% in August as Port Blockade Bites
Ukraine's grain exports fell 76% year-on-year in early August to 201,700 tonnes, as the Black Sea port blockade continues to strangle shipments.