Commodities (Crude Oil & Copper) & Macro Outlook

According to Jim Swartz, Chevron's General Manager for Nigeria and Central Africa, the company's offshore Aseng natural gas project in Equatorial Guinea is expected to deliver first gas in 2028. Swartz told reporters at an energy conference in Cape Town that Chevron made a final investment

Russia's presidential envoy Kirill Dmitriyev said today (Oct. 14) that Moscow and Washington are expected to sign the first contracts for diesel supplies to the U.S. in the coming days. Dmitriyev, speaking at the Russia Energy Week forum, added that both sides are maintaining active communications t

According to Guru Club, China's commodity futures market fell overnight on Oct 14, with black metals leading losses. DCE coking coal fell 4.86%, while INE natural rubber fell 3.51%. SHFE fuel oil was among gainers,

According to Guru Club, the Baltic Dry Index fell on October 14 for its eighth consecutive trading day, declining 134 points or 4.78% to 2,667, marking its lowest level since July 29. Capesize ship rates dropped 9.11% to 3,630, the weakest since late June, with daily earnings falling $3,302 to $29,4

According to Zijin Tianfeng Futures (as reported by Jin10 on October 14), Houthi attacks on Saudi oil infrastructure have caused high-sulfur fuel oil export loadings from Saudi Arabia to plummet to 50,000 tons in October. Increased conflict escalation is raising shipping avoidance sentiment, with

The US dollar surged to its highest level in 1 year and 6 months on the morning of October 14, driven by hotter-than-expected September inflation data and rising oil prices. The dollar index (DXY) climbed to 102.813 at 9:08 AM Eastern Time, up 0.599 points (0.586%) from the previous close of 102.214

According to Bloomberg ship-tracking data, tankers carrying at least 37 million barrels of crude oil halted or diverted course while approaching UAE and Oman coastal waters over the past week, with an additional 21 million barrels sidelined in just the past two days. These waters typically serve as

According to GEPEX, Côte d'Ivoire's cocoa processing volume surged 46.6% year-over-year in September to 49,517 metric tons. Since the start of the 2025/26 season in early October, cumulative processing through September reached 650,689 metric tons, up 10.6% from 588,194 metric tons in the prior-year

According to South Korean customs data, South Korea imported zero barrels of Iranian crude oil in September, with the same figure recorded a year prior.

According to Korean Customs data, South Korea imported 10.8 million barrels of crude oil in September, up from 10.6 million barrels in the same month last year.

According to the unions, workers at Antofagasta's Centinela copper mine have been on strike since October 7, with Minera Esperanza and Distrito Centinela unions continuing wage negotiations through government mediation to resolve labor disputes. The company stated that production at the mine continu

SC Crude Oil December 2026 futures fell 3.62% intraday on October 14, trading at 728.8 yuan per barrel as of the latest quote. Open interest declined by over 900 contracts, with total holdings showing a slight

According to Russian Deputy Prime Minister Novak, Ukrainian forces attacked two Russian oil refineries today (October 14), located in Saratov and Ryazan regions.

The International Energy Agency (IEA) released its October petroleum market report on October 14 (local time), forecasting that diesel and gas oil supply-demand balance will remain tight through a substantial portion of 2027. The IEA stated this outlook depends on the recovery of Middle East petrole

Brent crude oil remained above $105 per barrel on October 14 even as the International Energy Agency forecast a 2.6 million barrels per day contraction in global oil consumption for 2026. The IEA's October Oil Market Report attributed the price resilience to supply constraints outpacing demand

According to the IEA's October Oil Market Report, Brent crude held above $105 per barrel on October 14, trading around $106.60, even as the International Energy Agency forecast global oil demand declining by 2.6 million barrels per day in 2026 to approximately 102.4 million barrels daily. However, g

According to economist Chris Rupkey at FWDBonds, on Oct 14, sticky inflation driven by Middle East geopolitical tensions may require the Federal Reserve to keep interest rates at higher levels through 2027. Rupkey noted that energy price shocks are beginning to push up prices for other core

According to New York Times and AAA data, U.S. gasoline prices on Wednesday averaged $4.33 per gallon, up 34 percent compared to one year ago. Regular unleaded gasoline reached 40 percent higher than the same period in 2025. Diesel prices surged even more sharply, hitting an average of $6.30 per gal

According to Xinhua news agency, the European Commission announced on October 14 that it will postpone by one year the implementation of import-related provisions of the EU Methane Emissions Regulation. The delayed requirements affect natural gas, oil, and coal importers' obligations for methane

According to Goldman Sachs Asset Management's Innovator ETFs chief investment strategist Tim Urbanovich, on October 14, recent inflation data has cast doubt on market expectations for a Federal Reserve "tactical pause" in rate cuts this month. With crude oil trading above $100 per barrel adding