Commodities (Crude Oil & Copper) & Macro Outlook

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According to the International Energy Agency (IEA), jet fuel exports from the Middle East to Europe plummeted in April, dropping from 330,000 barrels per day (bpd) in March to just 60,000 bpd, primarily due to the Iran war and effective closure of the Strait of Hormuz disrupting Persian Gulf

According to Jin10 Futures, JBS executives stated on May 13 that Brazil reached its beef export quota to China, which may lead to price declines benefiting domestic market sales. Additionally, Mexico's reopening of cattle ranching at the border could ease U.S. beef supply pressure in the near

According to Datagro, Brazil's ethanol output is forecast to reach a record 41.4 billion liters in the 2026/27 harvest year, with sugar production expected at 44.2 million tons. The country's sugarcane processing volume is estimated at 698 million tons. In the Central-South region, ethanol output i

According to U.S. EIA data, American oil imports from Venezuela rose to their highest level in the latest week since at least September 2024.

According to Guru Club, COMEX copper futures rose 2.83% on May 13, reaching $6.716 per pound and hitting a fresh all-time high.

According to Jin10 data, the US strategic petroleum reserves dropped to their lowest level since October 2024 last week (May 5–11), marking the largest weekly decline since August 1982. The drawdown extended a streak of seven consecutive weeks of declines. Meanwhile, US crude oil production

According to EIA data, U.S. refinery crude oil production fell 124,000 barrels per day for the week ending May 8, compared to a decline of 24,000 barrels per day the previous week.

According to EIA data, U.S. crude oil production rose to 370,000 barrels per day in the week ended May 8, reversing sharply from negative 42,000 barrels per day the prior week.

According to EIA data, U.S. gasoline production rose to 9.8019 million barrels per day for the week ending May 8, up from 9.6689 million barrels per day the prior week.

According to the U.S. Energy Information Administration (EIA), American gasoline production rose to 222,000 barrels per day for the week ended May 8, rebounding from negative 275,000 barrels per day in the prior week.

According to EIA data, U.S. distillate fuel oil production for the week ending May 8 came in at 4.98 million barrels per day, down from 5.22 million barrels per day in the prior week, a decrease of approximately 4.7

According to the U.S. Energy Information Administration (EIA), reformulated gasoline inventories declined by 10,000 barrels for the week ending May 8, compared with a previous increase of 20,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. refinery capacity utilization rose to 1.6% for the week of May 8, up from 0.5% the previous week.

U.S. crude oil implied demand data from EIA for the week ending May 8 reached 20.226 million barrels per day, up from 19.38 million barrels per day in the previous week.

According to the U.S. Energy Information Administration (EIA), American crude oil inventories declined by 4.31 million barrels last week, beating Bloomberg consensus expectations of a 2.5 million barrel decline and analyst forecasts of 2.12 million barrels. The prior week saw a 2.31 million barrel d

According to the U.S. Energy Information Administration (EIA), gasoline inventories declined by 4.084 million barrels for the week of May 8, compared to a previous decline of 2.504 million barrels.

According to the U.S. Energy Information Administration (EIA), refined oil inventories increased by 190,000 barrels for the week ending May 8, compared to a decrease of 1.294 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), crude oil inventories declined by 4.306 million barrels for the week ending May 8, compared to a decrease of 2.313 million barrels in the prior week.