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The Ministry of Energy of Kazakhstan will put 56 oil and gas fields up for electronic auction on December 25, 2026—exactly half of the 112 blocks planned for implementation by the end of the year, the ministry said on September 23.
The most direct exchange-traded expression of Kazakhstan’s oil expansion is the Brent crude oil futures contract (ICE: BRN), since Kazakhstan exports crude via the CPC Pipeline corridor and directly competes with other exporters in the Urals/CPC Blend price niche; in the longer term, new licenses may affect the positions of TotalEnergies (NYSE: TTE), which holds a stake in the Kashagan consortium, and Shell (NYSE: SHEL), which is involved in the Karachaganak project— the largest foreign operators that are traditionally active in Kazakhstan’s projects.

Angola will reduce its crude oil exports in November compared with the previous month, according to a shipping schedule published on Friday.
A West African country plans to send 28 consignments next month, fewer than the 30 consignments scheduled for October, according to a draft program.

Saudi Aramco informed at least two oil refineries customers in Europe that next month they will not receive crude oil — this happened after an attack on the kingdom's main pipeline leading to the Red Sea. Bloomberg News reports this citing informed sources.

India will be allowed to export up to 1.64 million metric tons of steel to the European Union annually under a free trade agreement, but exporters will still have to bear costs associated with carbon regulation, according to the legal text of the agreement.

Saudi Arabia has temporarily halted operations of the “East — West” oil pipeline after drone attacks on this key oil route. Meanwhile, forces of the Houthis, linked to Iran, are strengthening control over shipping lanes in the Red Sea, Reuters reports.
The 1,200-kilometer pipeline makes it possible to transport Saudi oil bypassing the Strait of Hormuz. According to companies monitoring ship movements and analysts, in recent months it has been pumping between 4 and 5 million barrels per day, which is about 4–5% of global oil supply.

Wholesale natural gas prices in Europe and the UK fell on Friday, breaking a strong multi-day rise amid profit-taking by market participants. Nevertheless, the market closed the fifth straight week in the green: the expansion of the military conflict in the Middle East creates a threat to winter gas supplies.

Rio Tinto (ASX:RIO) has received the consent of an Aboriginal group to build the Winu copper-gold mine in Western Australia, overcoming a key milestone on the way to starting production of the project by 2030.
The Nyangumarta Warrarn Aboriginal Corporation (NWAC) and Rio Tinto have signed an Impact Agreement, setting out how the Nyangumarta people will participate in the planning and development of the project, including measures to protect the environment and Aboriginal cultural heritage.

On Monday, September 7, copper futures with delivery in three months rose by 0.8% on the London Metal Exchange to $14,533 per ton, breaking the previous record set in January. The rally accelerated amid expectations that U.S. President Donald Trump will extend U.S. tariffs to imports of refined metal. This is reported by Bloomberg.

Fuel consumption in India fell by 2.8% in August compared with the same month of 2025, according to data from the Petroleum Planning and Analysis Cell under the country's Ministry of Petroleum.
Total fuel consumption for the month was 18.61 million metric tons. Fuel demand serves as an indicator of the country's oil consumption.

The US government structured its 35% stake in the Venezuelan oil project using warrants designed to protect that stake from dilution as capital is raised, Reuters reports, citing a US official.
The US Department of Defense holds "nominal warrants" in North American Blue Energy Partners (NABEP), giving the government the right, but not the obligation, to purchase shares in the future at the nominal exercise price.

Russian steelmakers see signs of a recovery in domestic demand and prices as delayed construction projects resume and repairs to facilities damaged by Ukrainian attacks help revive the market. Bloomberg reports on this.
Demand began to rise in July and continued to strengthen in August: the benchmark hot-rolled steel in the Moscow region increased by about 30% since January. The price of rebar used to reinforce concrete in buildings and defensive structures, including shelters and barriers against drone attacks, jumped by about 74% over the same period, according to data from metals trader Evraz Market.

Prices for natural gas in Europe rose on Tuesday to their highest levels since March: an escalation of the military conflict in the Persian Gulf and a sharp jump in wholesale gas contracts in the UK after the holiday break have heightened concerns about a looming shortage of supplies this coming winter.

Copper production in Chile fell to the lowest level for July since 2011: winter storms disrupted operations at mining facilities in the world’s top producer of this metal.
In July, a South American country produced 403,424 metric tons of copper—down 9.8% from June and 9.4% from a year earlier, the national statistics agency reported on Monday. The decline occurred amid harsh winter weather conditions that made it difficult to operate mining sites across the country.

US President Donald Trump announced that Washington has reached an "historic" deal with Venezuela, as a result of which the United States gained control over one fifth of the South American country's oil reserves. In his Truth Social social media post on Saturday, August 29, he called the agreement "the biggest oil deal in world history."

Brazil’s trade regulator Camex approved the extension of the 12% tax on crude oil exports for another 60 days, local outlet Valor Economico reported on Thursday.
The decision was taken several hours after the local court ordered a suspension of the export tax. The situation leaves the future of this levy uncertain, as it remains the subject of a dispute between oil companies and the administration of President Luiz Inácio Lula da Silva.

According to data from the U.S. Energy Information Administration published on Tuesday, crude oil production in the United States reached 13.93 million barrels per day in April, setting a historical record. Producers increased output in response to higher oil prices driven by the war in Iran.
According to the EIA, in April production rose by 216,000 barrels per day. Mexico set a national record: output reached 2.37 million bpd.

Copper prices and other industrial metals have shifted into a bullish trend—optimism surrounding a potential peace deal between the US and Iran has given a boost to risk assets, reports Bloomberg.
At the London trades, copper spiked by 0.8% at one point. Iranian officials stated that the latest US proposals have helped narrow the gaps between the parties, while Secretary of State Marco Rubio noted 'some positive signals' on the path to a deal. However, unresolved issues remain, such as the amount of enriched uranium stockpiled in Tehran and the dispute over tariffs for transit through the Strait of Hormuz.

Kuwait Petroleum Company expects to recover about 70% of oil production within six to eight weeks after the reopening of the Hormuz Strait, stated the managing director of the International Marketing Company.
Sheikh Khaled Ahmad Al-Sabah made this statement on Tuesday at the S&P Global Energy Middle East Petroleum and Gas Conference. According to him, it will take about another month to restore the remaining 30% of production capacity.

Copper prices are likely to hold support in the short term, despite the growing divergence with fundamental demand indicators, say analysts at BCA Research, who have upgraded the metal's rating to neutral from 'underperform' in their commodity sector asset allocation model.

Australia's trade surplus bounced back sharply in April, fueled by a rise in exports of iron ore, minerals, and coal, which offset a modest increase in imports driven by higher fuel purchases, according to data from the Australian Bureau of Statistics released on Thursday.