Commodities (Crude Oil & Copper) & Macro Outlook

Sweden's Finance Minister announced today that the Swedish government will introduce a 17.5 billion SEK energy crisis assistance package.

The International Energy Agency (IEA) will release its monthly crude oil market report in about 10 minutes.

According to financial media reports, LME copper surged to approximately $14,100 per ton on Tuesday, up about 1%, gradually approaching the record high of over $14,500 per ton set in January. The rally reflects multiple factors: recovering demand from China and tight sulfur supply—sulfuric acid

According to Japan's Kyodo News, partial production of Marole biscuits, a specialty snack from Kochi Prefecture, has been suspended on May 13 due to naphtha shortage triggered by deteriorating Middle East tensions. The production halt stems from delivery delays or complete interruption of

According to Nikkei, Idemitsu Kosan, one of Japan's largest oil companies, expects the Hormuz crisis to ease in July, with oil prices returning to pre-crisis levels by early next year.

According to Shanghai Futures Exchange data released on May 13, warehouse inventory levels in the energy and chemicals sector showed mixed movements. Pulp futures warehouse inventory increased to 206,047 tons, up 4,470 tons from the previous trading day. Coated paper futures factory warehouse invent

According to 金十数据, Saudi Aramco is considering plans to raise over $10 billion by selling its real estate assets today (May 13), including a major headquarters complex in Saudi Arabia's Eastern Province. According to sources familiar with the matter, the oil giant has initiated preliminary

According to Indonesia's Finance Minister Purwanto, on May 12, Indonesia plans to launch a new round of electric vehicle subsidies starting June 2026 in response to elevated global oil prices driven by Middle East tensions. The government aims to reduce reliance on fossil fuels and lower import

According to Reuters analysis of customs data, Vietnam significantly increased refined petroleum product imports in March-April to offset reduced crude oil supplies from domestic refineries following the Iran conflict. Import volume rose 17% year-over-year, while import value surged 144% in dollar t

Abu Dhabi National Oil Company (ADNOC) set the official selling price for June Murban crude at $104.44 per barrel.

Kuwait set its June crude oil export price to Asia at a premium of $12.75 per barrel to the benchmark, according to standard OPEC member pricing announcements.

According to a JAPEX executive, production and transport operations at the Garaf oil field have been suspended on the orders of the Iraqi government, with no immediate prospects for resumption.

A senior executive at Japan Petroleum Exploration Co. (JAPEX) stated that the company's 2026 fiscal year profit forecast does not include any revenue from Iraq's Galaf oil field.

A Japanese oil resource development company executive confirmed the company has secured three liquefied natural gas cargoes for fiscal year 2026 to substitute for Middle Eastern supplies.

According to statements issued on May 13, the European Gas Association and the International Association of Oil and Gas Producers are urging the European Union to provide greater flexibility in achieving natural gas storage targets to ease market pressure during the summer replenishment season.

銅期貨創下歷史新高至每磅6.69美元，年初至今漲逾16%，受全球供應緊張與需求成長推動。摩根大通指出印尼Grasberg礦災後尚未復產、智利Quebrada Blanca產量受挫，加劇供應壓力；中國庫存下降、清潔技術與AI基礎設施等需求提升銅價。分析師認為銅價上漲往往領先山寨幣，預示山寨幣在未來一到兩月走強的可能。

According to KazTransOil, Kazakhstan's national oil transportation company exported 125,000 tons of crude oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline in April.

According to KazTransOil, Kazakhstan exported 290,000 tons of oil to Germany in April.

According to Hong Kong Exchanges and Clearing CEO Vera Chen, the London Metal Exchange's approved warehouses in Hong Kong have expanded from 4 to 15 since last year, with storage capacity approaching saturation. Chen stated during an LME Asia Week seminar that the expansion represents a

According to the Japan Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 275,467 thousand liters to 8,409,487 thousand liters for the week ending May 9, compared with 8,684,954 thousand liters in the prior week. PAJ's refinery operating capacity utilization (BPSD)