Commodities (Crude Oil & Copper) & Macro Outlook

Canada's Industrial Product Price Index (IPPI) declined to 1.2% month-over-month in May, below the expected 1.8% and down from 2.0% in April, according to Statistics Canada data.

According to OPEC's 2026 World Oil Outlook released today, global oil demand is projected to reach 11.33 million barrels per day by 2030, maintaining the same forecast as the organization's previous report

According to OPEC, U.S. shale oil production is expected to reach its peak in 2025, with limited supply growth anticipated by 2030 before stabilizing thereafter.

Ukraine launched nearly 200 drones against Moscow on Thursday, striking the Moscow Oil Refinery in the south-east of the capital and forcing evacuations at Sheremetyevo International Airport, Russian officials confirmed. Ukrainian President Volodymyr Zelenskyy described the assault as a "fully

According to Iranian President Masoud Pezeshkian's statement on X, the U.S. will issue oil export waivers for Iran immediately after signing a memorandum of understanding, lasting until sanctions are terminated. The waivers will cover Iranian crude oil, petroleum products, and derivatives exports, a

According to Jin10, on June 19, China and U.S. stock markets will close for the day, as the Dragon Boat Festival coincides with Juneteenth. A-shares, Hong Kong stocks, Taiwan stocks, and U.S. equities will all halt trading. Domestic Chinese futures exchanges will not operate. CME precious metals, en

According to Futures Daily, Jiangxi Province's Department of Natural Resources approved land use pre-examination and site selection for the Zhuangxia-wa lithium mining project spanning Ganzhou's Yifeng County and Nanchang's Fengxin County on June 18. The pre-examination approval marks the first

According to CNBC, CME Group plans to file a lawsuit against the CFTC on Thursday (June 19) over its approval of Bitcoin perpetual futures. Outgoing CEO Terry Duffy argued that perpetual futures are legally classified as swaps under the Dodd-Frank Act, not futures, and should be subject to

According to Bank of England Governor Bailey, energy price increases over the past four months have created inflation pressures. Bailey stated that the central bank's responsibility is to ensure this temporary pressure does not evolve into sustained inflation.

According to Bloomberg, Iran has announced arrangements for vessel transit through the Strait of Hormuz with no fees charged for the next 60 days.

Bank of England Governor Andrew Bailey recently stated that pressures from the Iran conflict remain ongoing despite ceasefire developments, underscoring continued geopolitical risks affecting global markets.

According to media reports citing maritime tracking data, a French-flagged LNG tanker transited the Strait of Hormuz on June 18, becoming the first LNG vessel to pass through the waterway since Iran's conflict

According to Jin10 data and international vessel tracking platforms, three Saudi-flagged tankers carrying a combined 6 million barrels of crude oil passed through the Strait of Hormuz on June 18.

Shanghai Energy Exchange will launch market orders starting July 6, 2026, during the evening continuous trading session of July 3. The new order type will be available for all listed futures and options

According to the American Automobile Association (AAA), U.S. regular unleaded gasoline prices fell below $4 per gallon on Thursday (June 18) for the first time since March, reaching an average of $3.999. The decline follows a temporary agreement between the United States and Iran aimed at ending the

According to Reuters, International Energy Agency chief Fatih Birol called on June 18 for the Strait of Hormuz to be reopened "without conditions," with related negotiations to be completed within 60 days. Birol made the remarks in Istanbul, citing energy supply risks posed by the strait's closure a

According to Jiangxi's Department of Natural Resources, Yichun Times New Energy Mining Co., a subsidiary of CATL, reacquired the Land Use Pre-review and Site Selection Opinion for the Xiafwo lithium mine on

According to Bloomberg citing Signal Group data, about 31 supertankers carrying roughly 62 million barrels of crude oil are currently trapped in the Persian Gulf and set to be released into Asian markets. The sudden influx may create a supply glut in a region that had successfully addressed supply g

According to China Futures Exchange, the exchange will officially introduce overseas traders to participate in lithium carbonate futures and options trading starting July 3 at 9 a.m. Beijing time, marking a key step in the internationalization of the

According to ECB Governing Council member Martin Kocher, eurozone consumer prices will remain elevated for some time despite the U.S.-Iran temporary peace agreement taking effect today (June 18). Middle East tensions have exposed energy price vulnerabilities; while the newly reached accord may