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Shell and Chevron are in talks to secure exploration and production rights for an offshore block in Ghana after signing a non-binding preliminary agreement. Oil production in the West African country is declining.
Tracy Shuchart, an independent trader and strategist, shared this update. For more on Shuchart, see her profile.
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Shuchart has previously noted that gold ETF holdings are rising toward their February 2026 highs despite recent price weakness. In another recent update, she relayed Bessent’s view that the increase in U.S. Treasury yields aligns with global trends and is not a current concern. Her recent observations highlight ongoing developments across commodities and fixed income markets.