U.S. Energy Information Administration (EIA): Oil production in major U.S. shale oil producing areas is expected to drop to the lowest level since May 2023 in September.

U.S. Energy Information Administration (EIA): Delayed release of drilling productivity report.

U.S. Energy Information Administration (EIA): U.S. shale oil production is expected to fall by 20,000 barrels per day to 942 barrels per day in September, revising the August shale oil production forecast from 9.4 million barrels per day to 9.44 million barrels per day day.

Brazilian minister says Petrobras will invest in biorefinery.

The Brazilian minister said there could be a change in the Brazilian cabinet soon.

Brazil seeks to improve the rules of transactions related to the private sector and Brazil seeks to increase foreign investment, the Brazilian minister said.

International Monetary Fund (IMF): Welcomes the policy actions and commitments by Argentina to maintain its stability and rebuild its reserves.

The Fed accepted a total of $1.799 trillion from 103 counterparties in fixed-rate reverse repurchase operations.

The Global XMSCI Argentina ETF erased losses.

India will increase the windfall tax on aviation turbine fuel from 0 to 2 rupees from August 15.

India will raise the diesel windfall tax from Rs 1 to Rs 5.5 per ton from August 15.

India will raise the windfall tax on crude oil from 4,250 rupees per ton to 7,100 rupees from August 15.

Acting Central Bank Governor of Nigeria: Measures to affect the foreign exchange market will be taken within a few days.

Acting Central Bank Governor of Nigeria: Met with the President on Monday to discuss measures to boost liquidity in the money market and weaker parallel market rates, concerned that domestic transactions will be referenced to parallel market rates.

Brazilian Finance Minister Haddad: I personally think that Brazil should not have adopted negative real interest rates in the past.

According to the Wall Street Journal: The US special envoy to Russia visited the detained Wall Street Journal reporter Gershkovich on Monday.

Brazilian Finance Minister Haddad: The government will set up a research group with academics next week to understand how countries outside Brazil are dealing with inflation.

Brazilian Finance Minister Haddad believes that despite the rate cut, the Brazilian economy will still contract.

Nvidia ( NVDA.O ) extended gains to more than 5 percent on the day.