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Month: June 2026

Commodity Market Collateral > Blog > 2026 > June

How a 42% reserve boost at one gold mine added $1 billion to Zimbabwe’s mining ambitions.

  • June 10, 2026
  • Stella
  • Finance, Uncategorized
The Dokwe Gold Project, located in the southwestern district of Tsholotsho, recorded a 42% increase in proven and probable gold reserves, raising total reserves to 1.13 million ounces. The...
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U.S. Company to Send 250,000 Barrels of Fuel to Cuba.

  • June 10, 2026
  • Stella
  • Finance
An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the...
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Another oil discovery deepens confidence in Namibia’s prospects as an oil-producing nation.

  • June 10, 2026
  • Stella
  • Finance
The energy giant said that a substantial oil-bearing reservoir was found in its Merlin-1X exploration well, which is part of Petroleum Exploration License 39 (PEL 39). It claims that...
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Poverty Hits 63% in Nigeria, IMF Says.

  • June 10, 2026
  • Stella
  • Finance
The International Monetary Fund (IMF) said poverty in Nigeria has reached 63% of the population as conditions remain difficult for people amidst economic reform. In a statement released following...
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The ‘vibe economy’ is driving record debt; experts warn a ‘vapor economy’ could be next.

  • June 10, 2026
  • Stella
  • Finance
Americans are spending freely on vacations, nights out, and shopping sprees — even as inflation, high interest rates, and record debt climb higher. Economists have a name for this...
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Gold steadies after Israel and Iran agree to end missile strikes

  • June 9, 2026
  • Stella
  • Finance
Gold was steady after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in the Middle East. Bullion was near US$4,330 an ounce...
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The Oil Shock Is Weakening India’s Economy and Finances

  • June 9, 2026
  • Stella
  • Finance
India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh...
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EU backs Google-linked undersea cable with $42.8 million to connect four East African nations.

  • June 9, 2026
  • Stella
  • Finance
Kenyan President William Ruto announced the funding following talks with European Commission Executive Vice-President Henna Virkkunen in Brussels, saying the cable extension will connect Kenya, Tanzania, Somalia and Djibouti...
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Kuwait Offers First Crude Cargoes to Asia since Iran War Started

  • June 9, 2026
  • Stella
  • Finance
Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for...
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World’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025

  • June 9, 2026
  • Stella
  • Finance
The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies...
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Recent Posts

  • Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz.
  • Dangote refinery boosts Nigerian crude buying as Middle East conflict reshapes oil trade.
  • Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz.
  • Global growth is slowing to lowest level since pandemic, says World Bank..
  • Global growth is slowing to lowest level since pandemic, says World Bank.

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Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz. June 15, 2026
Dangote refinery boosts Nigerian crude buying as Middle East conflict reshapes oil trade. June 15, 2026
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz. June 15, 2026
Global growth is slowing to lowest level since pandemic, says World Bank.. June 13, 2026
Global growth is slowing to lowest level since pandemic, says World Bank. June 13, 2026

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Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz. June 15, 2026
Dangote refinery boosts Nigerian crude buying as Middle East conflict reshapes oil trade. June 15, 2026
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz. June 15, 2026

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