Commodities (Crude Oil & Copper) & Macro Outlook

According to IIR, Saudi Aramco shut down its Jazan refinery with a production capacity of 400,000 barrels per day following an attack on July 25, with repairs expected to be completed and operations resumed by August 15. Iranian government spokesman stated that Iran has lost approximately 230

According to Germany's Federal Statistical Office, import prices in June increased 6.1% compared to the same period last year, slightly exceeding market expectations of 6.0%. Month-on-month, import prices declined 0.7% in June, matching the market

According to Jin10, economist Bas Kooijman from DHF Capital S.A. stated in a report that oil price movements have become a key driver of U.S. Treasury yields and market expectations for the Federal Reserve's interest rate path. Further declines in oil prices could intensify disinflationary

Italian oil and gas company Eni raised its full-year 2026 adjusted EBIT (earnings before interest and tax) guidance for its gas and power business to over €1.4 billion, marking a 40% increase from its initial target of €1 billion.

Eni reported second-quarter adjusted net income of €2.33 billion, surpassing consensus expectations of €2.09 billion. The company's exploration and production division posted adjusted earnings before interest and taxes of €4.77 billion for the

Italian energy company Eni reported second-quarter production of 1.79 million barrels of oil equivalent per day, exceeding consensus expectations of 1.74 million barrels per day.

According to Jin10, the Abu Dhabi National Oil Company (Adnoc) continues exporting liquefied natural gas from its Persian Gulf facilities despite heightened security risks in the region. Ship-tracking data showed an Adnoc-operated LNG tanker appearing in the Persian Gulf on Wednesday, followed by an

According to Yonhapinfomax, on July 28 (local time), South Korean President Lee Jae-myung held a business roundtable in São Paulo with over 40 executives from Korean companies including Hyundai Motor, Posco, Korean Air, Samsung Electronics, LG Electronics, Naver, and Hanwha Ocean, as well as

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Jin10 Futures, China's domestic LPG prices fell to 5,913 yuan/ton as of July 28, down 92 yuan/ton or 1.5 percent from July 22, driven by continued weakness in crude oil futures. International oil prices have been declining steadily, dampening market sentiment and cooling demand for

According to Saudi state news agency, Saudi armed forces conducted airstrikes on Iranian-backed militias in Iraq on Wednesday in coordination with the U.S. Central Command. The militias are linked to previous attacks on Saudi oil facilities. Saudi Arabia stated the strikes exercise its right to

Korean treasury bond yields declined during the morning session as the stock market experienced sharp corrections, triggering risk-off sentiment among investors. The 3-year benchmark yield fell 0.8 basis points to 3.822%, while the 10-year yield dropped 1.2 basis points to 4.280% as of 11:11 AM.

According to the Japan Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 320,605 thousand liters to 10.8845 million kiloliters for the week ended July 25. Refinery BPSD utilization rate fell to 88.7% from 89.6% the previous week.

According to Allianz Investment, economist Paul Zanghieri recently expects the FOMC to maintain and potentially strengthen its hawkish stance amid persistent inflation and rising oil prices, with internal disagreements potentially opening the door to further tightening measures later this

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate prices rose 600 yuan/ton to 145,400 yuan/ton this morning, compared with the previous day's closing price at 16:30.

According to Iran's state television, three tankers were struck and halted by Iran's Revolutionary Guards in the Strait of Hormuz hours ago after ignoring warnings, the Iranian military claimed.