Commodities (Crude Oil & Copper) & Macro Outlook

South Korea's import price index in April increased 20.2% year-over-year. The previous month's figure was revised upward to 20.4%, compared to the initially reported 18.4%.

Venezuela's acting central bank governor reported that the oil sector contracted 2.1% in Q1 2026, while the non-oil sector expanded 3.1% during the same period.

On May 14, WTI June crude oil futures closed at $101.17 per barrel. NYMEX June natural gas futures settled at $2.894 per million BTU, while June gasoline futures closed at $3.6057 per gallon and June heating oil futures at $3.9056 per gallon.

Shanghai crude oil futures (SC 2606) fell 0.68% to 626.20 yuan per barrel during overnight trading on May 14. Shanghai gold futures declined 0.32%, while Shanghai silver futures dropped 3.52%.

According to sources, Russia's Gazprom halted engine fuel production at its Astrakhan gas processing plant following a drone attack on May 13.

LME zinc futures rose $56 to $3,584 per ton today, hitting near a four-year high amid supply concerns. LME copper futures fell $214 to $13,938 per ton, while aluminum edged up $5 to $3,658 per ton.

According to Ryanair CEO Michael O'Leary at a press briefing, the airline expects no disruption to aviation fuel supply in Europe this summer but warned that sustained high oil prices could pressure profits in the coming 12 months. Ryanair, Europe's largest carrier by passenger volume, plans no

According to IATA Director General Willie Walsh on May 14, airlines warn that summer holiday flight ticket prices will inevitably rise as fuel costs surge due to disruptions in the Strait of Hormuz caused by the Iran conflict. Walsh said there is no need to panic over jet fuel shortages, but

On May 13, Robert Kiyosaki warned on X that inflation will erode wealth, citing two key threats: rising oil prices driven by the Iran war and government deficit spending that leads to currency debasement. According to market data, Brent crude has surged 75.97% year-to-date to $106.97, while the

Franklin Templeton Chief Executive Officer Jenny Johnson said she is monitoring the data-center sector due to concerns that rapid technological innovation could render long-term assumptions about computing and energy needs obsolete, according to an interview with Bloomberg Television on

CBOT soybean futures declined 3.0% during intraday trading on May 14, settling at 1,192 cents per bushel.

According to Jin10, energy trading firm Vitol supplied Iraqi Basra crude oil to customers through ship-to-ship operations near Fujairah (UAE port) on May 14. The cargo included both Basra medium and heavy crude grades, delivered over recent days to refiners. The transaction marks a rare instance

According to Bloomberg-compiled vessel tracking data, four supertankers carrying approximately 2 million barrels of Iraqi crude each have departed the Strait of Hormuz since May 10, signaling a recovery in flows of unsanctioned oil. The shipments represent a transportation rate of roughly 2 million

According to Argentina's Ministry of Economy, the country has approved two mining projects to join the RIGI (large-scale investment incentive scheme). The announcement reflects the government's continued efforts to attract foreign direct investment in the mining

On May 14, Chinese commodity futures fell during overnight trading, with 20 rubber sliding 2.8%, low-sulfur fuel oil dropping 2.7%, and rubber down 2.3%. On the upside, styrene gained 1.13%, xylene (para-xylene) rose 1.05%, and liquefied petroleum gas (LPG) climbed up

According to sources, the Caspian Pipeline Consortium (CPC) will reduce its June crude oil export volume to 1.45 million barrels per day due to maintenance at the Kashagan oil field, down from 1.8 million barrels per day in

According to CONAB, on May 14, Brazil's 2025/26 soybean production is forecast to reach 180.13 million tons, up 5% year-over-year. The country's soybean planting area is expected to expand by 2.9% to 48.72 million hectares, while yield per hectare will increase 2.1% to 3.7 tons per hectare,

According to Reuters, South Korea imported 8.5 million tons of oil in April, down from 11 million tons in the same period last year. The decline reflects softer demand in the world's fifth-largest economy.

The International Monetary Fund (IMF) is closely monitoring the energy shocks stemming from the Middle East conflict and their potential impact on fertilizer prices.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.