Reuters: Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock — the largest in capital markets history — sending its stock sharply higher after months of uncertainty that dragged on its share price. Read more.

We had the pleasure of visiting with DP World during our stay in Dubai. Now despite our concerns that decisions seem to be made by too few members of upper management, we came away thinking this company is not the house of cards we were anticipating to see. In fact, after witnessing firsthand the immense cargo activity in the marine terminal and learning about international growth initiatives from our meeting with management, we are convinced the worst of the economic recession in the region is over. With that said, we feel the time could be now to add beaten down shipping stocks to your portfolio. Read more.

John Licata, Chief Commodity Strategist of Blue Phoenix and Editor of The Commodity Chronicles, sits down with Reuters Insider to discuss uranium.

SM Energy Company (NYSE: SM) announces today that it is planning to raise at least $300 to $500 million through divestitures of non-strategic assets and/or joint venture agreements over the next 12 months, including the following potential transactions. Read more.

TEHRAN — Thirty-six years after construction began under the shah, Iran finally opened its first nuclear power plant at a ceremony on Saturday.

Attended by senior officials from Iran and Russia, which helped build the station through years of concern by the United States and other Western nations that Iran was using its civilian program to mask a plan to build a bomb, the ceremony marked the beginning of the transfer of low-enriched uranium fuel rods from a storage site into the plant. Read more.

John Licata, chief commodity strategist at Blue Phoenix Inc. and editor of The Commodity Chronicles, talks with Bloomberg’s Pimm Fox about a “bull” market for uranium trading and the risk of U.S. trading tensions with Russia if the country supplies Iran. Click the following link to listen to the podcast Licata Bloomberg 8-18

John Licata, chief commodity strategist of Blue Phoenix talks to BNN about his outlook for uranium. Click here to watch video.