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- Sector Update: Energy Stocks Decline Monday Afternoon
- Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry
Democrat Jon Rosenthal, a Houston state representative and oil field engineer, is challenging Republican Bo French for a seat on the Texas Railroad Commission, which regulates the state's oil and gas industry. French, a conservative firebrand whose racially charged remarks about South Asian students drew national attention, has focused the race on Chinese-owned land, DEI, immigration and LGBTQ+ issues that the commission has little power over. Rosenthal has pledged to pursue chronic polluters, strengthen oversight of natural gas facilities, and create a wastewater fee to fund abandoned well cleanup, and would be the first Democrat elected to the commission since the 1990s. However, his fundraising has trailed previous Democratic candidates, and French has not backed down despite criticism from his own party. The winner of the Nov. 3 election will oversee a state agency with a half-billion budget.
- Sector Update: Energy Stocks Rise Friday Afternoon
- Gold prices today, Monday, October 19, 2026: Little change in gold prices as oil sailed to May highs
December gold futures opened at $4,185 per troy ounce, up 0.1% from Friday's close, and were at about $4,190.50 by 7:06 a.m. ET. Brent crude remained above $110 a barrel at the open after first topping that level since May on Friday, but slipped back after President Trump announced waivers on sanctions and tariffs on Russia to boost its oil exports. Compared with one week, one month and one year ago, the opening gold price was 0.8%, 4.5% and 3.8% lower, and the article says high oil prices have not changed expectations that the Fed will keep rates steady next month.
- Diesel supplies expected to remain tight into 2027
Diesel supplies could stay tight well into 2027 as disruptions in the Middle East and Russia keep affecting global fuel markets, raising costs for farmers and other diesel-dependent industries. The International Energy Agency (IEA) says combined diesel export losses from the Middle East and Russia reached about 1.3 million barrels per day in September, with attacks on energy infrastructure and lower refinery output tightening supply. Diesel refining margins have hit record levels, approaching $95 per barrel, and the IEA warns higher diesel prices are adding to inflation and pressuring economic activity. A refinery recovery toward year-end may bring some relief but is unlikely to fully replace lost supplies, and seasonal maintenance and winter demand could add pressure in the coming months.
- $95 is cheap for oil , could hit $140 by February , $500 by 2030 , says a leading global currency strategist
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- Service income up 40%, Techcombank consolidates leading position, record Q3 profit
Techcombank reported Q3/2026 pre-tax profit of VND 10.4 trillion, its highest quarterly level to date, lifting nine-month pre-tax profit to VND 28.9 trillion, up 23.7% year on year. Service income for nine months rose 40.0% to VND 11.8 trillion, mainly from letter of credit, cash and payment income up 136.6%, helping diversify income while net interest margin remains under pressure. Credit growth accelerated on national infrastructure projects, with total assets at VND 1.3 million billion as of Sept 30, 2026, and the capital adequacy ratio (CAR) at 15.0%. Nine-month operating expenses rose 18.7% as the bank expanded staffing, marketing and technology investment.
- Bravo Expands Copper-Gold Footprint in Carajás, Brazil
Bravo Mining Corp. has acquired a 100% interest in the Canaã Copper project, covering about 6,185 hectares near Vale’s Sossego mine in Brazil’s Carajás region, to expand its copper-gold portfolio alongside the flagship Luanga project. The property includes two previously drilled prospects, Tapuia and Gueroba, where 27 historical holes totaling 5,009 m returned high-grade IOCG-style intercepts, such as 28.45 m at 2.43% Cu and 0.78 g/t Au at Tapuia. Bravo plans an 8,400 m drilling program, including about 5,300 m at Tapuia and 3,100 m at Gueroba, aiming to support a potential maiden NI 43-101 mineral resource estimate. The historical dataset, including 2,287 soil samples and 460 line-km of airborne geophysical surveys, is currently being validated, and the property also has nickel potential at the Campo Grande target.
- Zelenskyy to meet with U.S. envoy as tensions with Trump mount
Ukrainian President Volodymyr Zelenskyy is set to meet U.S. envoys Steve Witkoff and Jared Kushner in Oslo, Norway, on Tuesday at Ukraine's request, alongside Norwegian Prime Minister Jonas Gahr Støre and Finnish President Alexander Stubb. The meeting comes as tensions with U.S. President Donald Trump mount: Trump said Zelenskyy 'doesn't know what he's talking about,' said it was time for someone else to negotiate for Ukraine, and said he would meet Putin and Xi Jinping about ending the war, a process that could exclude Zelenskyy. Earlier, Zelenskyy criticized U.S. restrictions on access to SpaceX's Starshield satellite services, which are critical to Ukraine's defense against Russian strikes, and said the U.S. had given no explanation. Secretary of State Marco Rubio denied U.S. responsibility, while SpaceX CEO Elon Musk blamed the U.S. government and Trump.
- NVIDIA Is Finally “Too Big to Fail.” Here’s Why Meta and Google Aren’t.
Semafor's Liz Hoffman argues that NVIDIA is so embedded in the AI ecosystem that the U.S. government would be more likely to rescue it in a serious financial crisis than Meta or Google, though she acknowledges this is a theoretical exercise and no rescue is guaranteed. NVIDIA generated nearly $97 billion in free cash flow in the fiscal year ended January 2026, funding both strategic investments in companies that depend on its infrastructure and shareholder returns. By contrast, Meta and Alphabet spent roughly 60% and 55% of their operating cash flow on capital expenditures in 2025, mainly for their own infrastructure. The article also notes NVIDIA accounts for roughly 8% of the S&P 500, so a significant deterioration in its financial position could affect a broad group of index investors.
- Miata Intersects 43.0 m at 2.42 g/t Au, Including 4.0 m at 17.11 g/t Au at Jons Trend and Confirms Continuity with Big Berg at Sela Creek, Suriname
Miata Metals has reported assays from 14 diamond drill holes in its ongoing 25,000 m program at the Sela Creek Gold Project in Suriname. Highlights include hole 26DDH-JT-025, which intersected 43.0 m at 2.42 g/t gold from 191.0 m, including 4.0 m at 17.11 g/t gold, and a shallower 25.6 m interval at 1.96 g/t gold, including 1.49 m at 17.51 g/t gold. Four holes drilled between existing discovery zones confirm continuous mineralization over 1.5 km from Jons Trend to Big Berg, which the company says is one continuous trend rather than separate discoveries. The system remains open along strike and at depth, and Jons Trend is described as having mineralization from surface to at least 250 m depth, with potential as an open-pit target.
- FORTUNE BAY COMPLETES GOLDFIELDS PROCESSING TRADE-OFF STUDY AND ADVANCES DEVELOPMENT PLANNING
Fortune Bay Corp. has completed a processing trade-off study by Ausenco for its 100%-owned Goldfields Gold Project in northern Saskatchewan, comparing on-site gold doré production with producing a gold-bearing concentrate for off-site sale and treatment. The study found doré production gives modestly higher gold recovery, while concentrate production offers a simpler initial plant, lower upfront capital, lower reagent use and higher capital efficiency, though it carries concentrate transportation and off-site treatment costs. The company considers concentrate production worth further evaluation, particularly in a staged development approach, and will combine these findings with recent metallurgical results and additional testwork ahead of a pre-feasibility study. With gold at about US$4,100 per ounce versus the US$2,600 base-case assumption in the 2025 PEA, the company says it is timely to reassess processing options, and compatibility with the existing environmental approval remains subject to regulatory confirmation.
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