Commodities (Crude Oil & Copper) & Macro Outlook

U.S. exports in August reached $315.2 billion, compared with $310.7 billion in July, representing a monthly increase of approximately 1.5%.

According to the CFTC, on October 5 the agency published its regulatory plan for crypto exchanges, introducing Regulation CTX and Regulation CAM and opening a 60-day public comment period once the proposal hits the Federal Register. The plan establishes a federal licensing framework with leverage a

Canada's exports reached 7.791 billion Canadian dollars in August, according to official statistics. The prior month figure was revised downward from 7.614 billion CAD to 7.603 billion CAD.

According to Guru Club, on October 6, Iran's top security official Reza'i stated that Iran will not open the Strait of Hormuz due to threats or pressure.

According to China Fund Report, on the evening of October 6, Gulf oil-producing states increased crude oil exports through the Strait of Hormuz despite elevated risks in the waterway, pushing global oil prices sharply lower. Brent crude fell below $100 per barrel, while U.S. West Texas

According to China's Foreign Ministry spokesperson Guo Jiakun on October 6, Britain is considering raising import tariffs on Chinese electric vehicles. The Foreign Ministry stated that China's EV industry development provides globally competitive choices for consumers, including in Britain, and

According to an announcement from Power Development (01277), the company's rutile project in Sierra Leone commenced formal production on October 1, 2026. The first production line of Phase 1 has been completed and put into operation. Phase 1 comprises three production lines with combined annual pro

According to Jin10 on October 6, China's domestic airlines announced fuel surcharge increases effective October 10. Routes over 800 kilometers will charge 90 yuan, up 20 yuan from August-September; routes 800 kilometers or below will charge 50 yuan, up 10 yuan from the same period, according to

According to Iraqi lawmakers, Iraq has set the oil price at $58 per barrel in its 2027 budget draft proposal.

According to Jin10, Shell CEO Ware Savan stated on October 6 that Middle East oil flows have recovered to approximately 80% of pre-conflict levels. Speaking at the Energy Intelligence Forum in London, Savan said: "Despite everything that has happened, we have now recovered to more than 80% of pre-co

According to Jin10, on October 6, EU Commission President von der Leyen announced an extension of the methane emission reporting deadline by one year for exporters. Originally scheduled to take effect on January 1, 2027, the updated regulations would have required oil and gas importers in the EU to

Saudi Aramco cut crude selling prices for Asia to the lowest level in six years on October 6, weighing on global oil prices. The move reflects intensifying price competition among Gulf oil producers to secure market share in Asia. A recent increase in crude shipments passing through the Strait of

According to Saudi Energy Minister Abdulaziz bin Salman, on October 6, the East-West Pipeline's daily output capacity has resumed to 5.8 million barrels following a temporary halt in September caused by drone strikes. The pipeline connects Saudi Arabia's primary eastern oil-producing regions to the

According to Gate data, Brent crude oil (XBRUSD) fell to $101.89 per barrel today, down 3.9% in the past 24 hours.

Vitol Group's Chief Executive Officer stated that a tender to be announced in the coming weeks will clarify how much oil will be released and where the releases will occur.

According to Goldman Sachs on October 6, diesel prices will likely remain elevated through 2027 due to limited refining capacity and the need for governments and enterprises to rebuild depleted inventories. The bank forecasts that global diesel and jet fuel crack spreads (product premiums relative t

According to Jin10, Shell CEO Waël Sawan said on Tuesday the company's competitive advantage in Venezuela lies in natural gas rather than heavy oil, and the company will continue seeking other opportunities in the country. Venezuela signed five agreements with Shell in June to advance oil and gas

According to the CEO of Vitol Energy Group, over the past 7 to 10 days, daily crude oil exports from the Middle East averaged 12 million barrels, with refined product exports reaching 2 million barrels per day.

According to EU officials, the European Union will hold a meeting of its oil coordination group on Wednesday, October 7.