Commodities (Crude Oil & Copper) & Macro Outlook

The U.S. Energy Information Administration (EIA) will release its monthly Short-Term Energy Outlook report in approximately 10 minutes.

According to Venture Global, the U.S. liquefied natural gas exporter signed a new LNG supply agreement with Total Energies and trading company Vitol. Under the agreement, the combined purchase volume from both companies will exceed 1 million metric tons per annum (mtpa) over the next five

According to the Russian Central Bank, forex sales in Russia doubled to $29.8 billion in April, driven by rising global oil prices.

According to state media reports, Vietnam's national oil company urged the U.S. Navy to allow a supertanker to pass through an American naval blockade near the Persian Gulf on May 12. The Agios Fanourios I, a very large crude carrier operated by Athens-based East Mediterranean Shipping, reversed

According to India's Foreign Ministry spokesperson Randhir Jaiswal, Prime Minister Modi will visit the UAE on Friday (May 12) to discuss deepening energy cooperation and strengthening trade and investment relations with UAE President. This will be the two leaders' second one-on-one meeting within

At today's close (23:00), Chinese commodity futures showed mixed performance. Low-sulfur fuel oil (LU) led gains with a rise exceeding 3%, followed by liquefied petroleum gas (LPG) up nearly 3% and fuel oil up over 1%. Synthetic rubber and asphalt each gained nearly 1%. On the downside, coking

According to Petrobras CEO, the company's oil production reached 2.73 million barrels per day in April, representing a 6% increase from the first quarter average.

According to agricultural consulting firm IKAR, Russia's wheat exports are projected to reach 46.5 million tons in 2026/27, up from 44.5 million tons in 2025/26. The forecast comes despite expectations that wheat production will decline by 1.1 million tons to 90 million tons during the same

According to ADNOC Drilling CFO Youssef Salem, the company is prepared to deliver any additional production capacity required by its parent company ADNOC to help the UAE exceed its 5 million barrels per day target by 2027. The company has already surpassed its drilling deployment goals,

According to Subadra Rajappa, head of Société Générale's Americas research, U.S. Treasury yields have been fluctuating within a defined range in recent days, moving in sync with oil price changes. The bank noted there is currently no clear catalyst that would trigger a sustained bond selloff,

According to Reuters, U.S. market strategists predict that Treasury yields will show relatively modest fluctuations over the coming months, despite energy price shocks from the U.S.-Israel conflict with Iran. Oil prices have surged nearly 50 percent, raising inflation concerns among forecasters.

U.S. natural gas futures fell 3.00% during intraday trading on May 12, now trading at $2.822 per million British thermal units (MMBtu).

According to Gelonghui, LME copper touched $14,004.54 per ton on May 12, up 0.44% intraday and approaching historical highs.

According to the EU Commission, as of May 10, the European Union's palm oil imports for 2025/26 totaled 2.47 million tons, down from 2.58 million tons in the same period last year.

According to the EU Commission, soybean imports into the European Union totaled 11.28 million tons as of May 10, down from 12.40 million tons in the same period of the previous year.

According to the EU Commission, soybean meal imports for the 2025/26 season reached 15.27 million tons as of May 10, down from 16.45 million tons in the same period last year.

According to Russia's Ministry of Economy, the country revised down its 2026 oil production forecast by 14.2 million tons to 511 million tons under the baseline scenario. The ministry also lowered its 2027 forecast by 16.6 million tons to 516 million tons.

According to data presented at China Power Engineering Society's 2026 conference on May 12, the global gas turbine industry is experiencing unprecedented supply-demand imbalance. Global demand for gas turbines (including aero-derivative, industrial, and heavy-duty models) reached

According to BlockBeats, on May 12, CME Group and data analytics company Silicon Data launched the first AI-powered compute futures market.

According to Gelonghui, on May 12, U.S. Interior Secretary Burgum announced that the administration will adopt a comprehensive approach to address rare earth matters.