Commodities (Crude Oil & Copper) & Macro Outlook

According to Spain's Strategic Oil Reserve Company, Spanish crude oil imports in August reached 5.7 million tons, representing an 11% year-over-year increase.

According to Bloomberg, Saudi Arabia's East-West Pipeline is operating normally. Brent crude fell $0.74 per barrel to $101.81 within five minutes following the update.

Saudi Aramco's Chief Executive Officer announced the company targets natural gas production of approximately 9 million barrels of oil equivalent per day by 2040.

Brent crude oil broke through $103 per barrel on October 5, trading at $103.08 per barrel with a 0.73% gain during the day.

According to Saudi Aramco's CEO, the global oil market requires an additional 2 million barrels per day of demand over the next 18 months to absorb current inventory levels.

According to Guru Club, Saudi Arabia's east-west crude oil pipeline halted operations on October 5 following another attack. Brent crude surged nearly $1 per barrel within five minutes to $102.31 per barrel in response to the

According to Jin10, Scottish utility SSE on October 5 adjusted its forecast, expecting most of its gas-fired power plants to continue operating until the mid-2030s, reversing earlier plans for retirement by decade's end. The change reflects UK electricity system challenges as renewable energy

According to S&P Global Market Intelligence chief economist Tim Moore, the UK services sector saw output growth slow in September compared to August, with new orders rising at their weakest pace in three months. Businesses weakened their economic outlook for the coming year, citing soft demand and r

According to Shaanxi State-owned Assets Supervision and Administration Commission, recently Shaanxi Environmental Protection Group received CNY 55 million in policy-backed financing. The funds will be used to supplement capital for the Wuqi natural gas peak-shaving storage facility

Saudi Aramco's chief executive warned recently that open data, including satellite imagery and shipping logs, is increasingly being weaponized to target critical infrastructure and oil tankers.

Saudi Aramco's Chief Executive Officer stated that global commercial crude oil inventory currently stands at less than 6 billion barrels, with the vast majority being economically unavailable for use.

According to ECB Chief Economist Lane on October 5, the central bank is adopting a measured policy response as it assesses the impact of a second energy shock on inflation and economic growth. Following the surge in oil and gas prices after the Iran conflict, Lane noted that while the eurozone has s

Saudi Aramco's Chief Executive Officer said that nearly 3 billion barrels of crude oil supply have been lost, representing approximately half of the crude and products typically transported through the Strait of Hormuz. Over 1 billion barrels of petroleum supply losses have been mitigated from

According to the London Metal Exchange (LME), copper inventory declined 3,750 tons, lead fell 2,700 tons, and nickel decreased 198 tons today (October 5). Zinc inventory increased 3,225 tons, tin dropped 45 tons, while aluminum inventory remained

According to Joe Hayes, senior chief economist at S&P Global Market Intelligence, France's underlying demand remains weak as of October 5, with potential pullback expected in coming months following an extreme surge in August business activity. Hayes noted that rising enterprise pricing reflects co

According to澎湃, Chinese commodity hog slaughter volume is expected to remain elevated in Q4 2026, with cycle inflection points pushed back to 2027, according to South China Futures and CITIC Futures. The institutions cited sustained sow herd rationalization coupled with improved production

KB Securities analyst Kim Il-hyuk identified three factors that could slow the rise in US interest rates or push 10-year Treasury yields back to the 4% range, ahead of midterm elections scheduled for November 3 next month. The analysis comes as US bond investors face concerns over rising rates

According to Bloomberg and Kpler ship-tracking data, LNG exports through the Strait of Hormuz have resumed, with at least three cargo shipments departing since late last week, marking the highest export level since the Iran conflict escalated in late February. However, current volumes remain more th

According to Jin10, wheat futures surged for a third consecutive trading day on Monday, October 5, climbing 1%, amid Russian threats to intensify strikes on Ukrainian infrastructure. The surge reflects market concerns over potential disruptions to global grain supplies shipped through the Black