Commodities (Crude Oil & Copper) & Macro Outlook

According to August oil market reports from three major institutions, OPEC, IEA, and EIA, expectations for 2026 crude demand continue to diverge. OPEC maintains a growth forecast, while IEA and EIA project contracting demand. For 2027, the three agencies' demand outlooks

According to sources, Novorossiysk port on the Black Sea resumed crude oil loading operations on Sunday (August 10), three days after a drone attack halted operations on Friday (August 8).

According to Iran's Islamic Republic News Agency, Iran's Foreign Ministry spokesperson Baghaei said on August 17 that Iran and Oman are finalizing a memorandum of understanding regarding the Strait of Hormuz.

According to sources cited by Saudi media Alhadath, a 60-day extension agreement between Iran and the United States has been approved. In response, Brent and WTI crude oil futures declined by more than $1 per barrel on the day, while U.S. stock index futures rose

Glassnode reported that bitcoin trades near half its October 2025 peak while US stocks reached record highs on August 7. The analytics firm noted consumer confidence remains among the weakest readings of the past decade even as households moved capital out of cash into assets. Core inflation held at

According to Zhitong Finance, today Sinopec Oil Services' subsidiary agreed to acquire 50% equity in Mexico's DS Company and 0.01% interest in the EBANO project for $4 million. The company plans to invest an additional $212 million in the EBANO

According to Gate data, Brent crude oil (XBRUSD) breaks above $90 per barrel, trading at $90.00, up 1.0% from the previous trading session close.

WTI crude oil rose 1.00% today, trading at $82.34 per barrel.

According to Bitget data, Brent crude oil broke through $88 per barrel on August 17, posting intraday gains of 0.93%.

According to Herald Economics, South Korea's KOSPI index rose 164.60 points from the previous trading day on August 14, 2026, with the market expected to sustain momentum into next week led by semiconductor stocks including Samsung and SK Hynix. The gains are underpinned by strong performance from a

According to South Korea's Ministry of Oceans and Fisheries, the 16th tanker carrying crude oil from the Red Sea's Yanbu port safely transited the Suez Canal on August 17 and is currently en route to South Korea. The vessel opted to pass through the northern Suez Canal rather than the southern Bab e

According to Jin10, on August 17, Thailand is undertaking a comprehensive revision of its manufacturing output index following U.S. officials' observations that the country's surging exports contrast sharply with declining domestic production. Thailand's June exports grew 20.8%

According to China Coal Energy's announcement, the company's commercial coal sales reached 20.63 million tons in July 2026, down 2.6% year-over-year, with commercial coal production at 10.81 million tons, down 2.2% YoY. For the first seven months of 2026, cumulative commercial coal sales totaled

Japan's Foreign Minister Shigeru Motegi begins visits to Saudi Arabia and Oman today (August 17) to exchange views on containing the Iran situation, according to his official statement. The visits will deepen discussions on ensuring freedom and security of maritime navigation, with Japan clearly sta

According to Jin10 Data, Vietnam imported approximately 70,000 metric tons of diesel from India's Reliance refinery for the first time in eight years, with the shipment unloaded at Vung Ang port in Ha Tinh province between August 14-16. The cargo was loaded onto the Panama-type tanker Magic

According to Guru Club, on August 17, China's National Development and Reform Commission and National Energy Administration issued the "Oil and Gas Development 15th Five-Year Plan," setting ambitious infrastructure targets through 2030. The plan targets 440 million metric tons of oil-equivalent in d

Bitcoin crossed $64,000 during Asian trading hours on Monday, up 0.5% daily but down 3% for the week amid mixed economic signals. The move came as traders repriced Federal Reserve rate hike odds from roughly 50% to one in four following the sharpest monthly US retail sales drop in over a year

Spot Bitcoin ETFs recorded $390 million in outflows during the week to August 14, as institutions reduced exposure amid rising oil prices and escalating tensions over the Strait of Hormuz. The withdrawals reflect concerns about inflation and its potential impact on Federal Reserve policy, traced

Spot Bitcoin ETFs experienced $390 million in outflows during the week ending August 14, the largest single-week pullback since early July, as rising oil prices and tensions over the Strait of Hormuz raised inflation concerns. Brent crude climbed above $88 a barrel in the week to August 15 after the

On August 17, China's National Development and Reform Commission and National Energy Bureau released the "15th Five-Year Plan for Oil and Gas Development," which emphasizes maintaining investment intensity to support new production capacity. The plan prioritizes accelerating deep and ultra-deep