Commodities (Crude Oil & Copper) & Macro Outlook

Brent crude oil fell 1.0% to $95.18 per barrel today.

According to Iraq's Oil Ministry spokesman, the country exported an average of 2.65 million barrels of oil per day in September, including 250,000 barrels per day through Turkey's Ceyhan port.

US President Donald Trump is set to announce South Korea's $54 billion investment in Alaska's liquified natural gas (LNG) development at 4:30 AM Korean time on the 1st of next month at the White House, according to foreign media reports on the 30th. The announcement comes as South Korea's National A

According to Yonhapinfomax, President Donald Trump will announce on October 1 that Korea will invest $54 billion in U.S. projects, including Alaska liquefied natural gas (LNG) development. The announcement differs from Korea's stated position, which has only confirmed a $22.3 billion investment in a

According to Jin10 Futures, on September 30, fuel oil futures warehouse inventory fell to 550 tonnes from 2,550 tonnes the previous trading day. Low-sulfur fuel oil futures warehouse inventory increased to 35,000 tonnes, up 35,000 tonnes from the prior session. Other energy and chemical futures

The USD/KRW exchange rate fell 3.9 won to 1352.8 won as of 3:30 PM on September 30, despite US long-term Treasury yields remaining near historic highs. The Korean won strengthened on expectations of improved trade terms following a decline in international oil prices, with West Texas Intermediate (W

On Sept 30, China's futures market closed with more gainers than losers in afternoon trading. Natural rubber (NR) led gains with a 5% rise, followed by polyvinyl chloride (PVC) up 4% and synthetic rubber up 3%. In declines, asphalt fell over 3%, while shipping index (China Containerized Freight

According to Interfax, Russia extended its diesel export ban into October. The extension of the fuel export restrictions continues Moscow's measures amid ongoing geopolitical tensions and domestic energy management

France's Producer Price Index (PPI) increased to 4.8% year-over-year in August, up from 3.4% in the previous month.

According to Jin10 data, the U.S. announced on September 30 plans to release 40 million barrels of strategic petroleum reserves to alleviate fuel price pressure, while Texas declared a diesel price emergency. The White House is also pressing the EU to deploy emergency diesel stockpiles to lower

According to BlockBeats, U.S. Treasury market pressures intensified on September 30, with 30-year yields breaching 5.61%, marking the highest level since 2002, while 10-year yields approached 2007 highs. Hedge funds holding $2 trillion in U.S. Treasuries, representing about 7% of circulating

According to CME data, on September 29, trading volumes in energy and precious metals fell while open interest expanded across the board. Gold trading volume declined to 171,622 contracts from the previous session, down 89,088 contracts, while open interest rose to 406,976 contracts, up 1,735 contra

According to Germany's Economy Ministry, energy company SEFE has been directed to procure and store 8 terawatt-hours (TWh) of natural gas by December 15.

Germany's import price index increased 8.3% year-over-year in August, surpassing the forecast of 8% and marking a significant uptick from the prior month's reading of 6.8%.

According to German statistics office Destatis, Germany's import price index rose 1 percent month-on-month in August, beating forecasts of 0.7 percent growth and compared to 0.2 percent in the prior month.

According to Zhuochuang Intelligence data, as of September 29, South China's low-sulfur 180CST bunker fuel prices reached 6,925 yuan/ton, up 25 yuan/ton, while Shandong's price hit 6,750 yuan/ton, up 50 yuan/ton. The price spread between South and North narrowed to 175 yuan/ton, contracting 25 yuan/

JP Morgan Chase and Goldman Sachs reported on the 30th (local time) that Middle East crude oil shipping volumes have approached pre-war levels. JP Morgan assessed that crude oil transport reached 17.5 million barrels per day, recovering to 98% of pre-war levels, while diesel and gasoline petroleum p

According to Bloomberg, citing JPMorgan analysis, Middle East crude oil shipments recovered to 17.5 million barrels per day on September 30, reaching 98% of pre-war levels. Refined product transportation remained lower at 3 million barrels per day, or 58% of pre-war volume. Goldman Sachs

According to SMBC Nikko Securities, Japan's industrial production fell 1.7% month-on-month in August, reported on September 30. The decline was partly attributed to automotive manufacturers suspending operations due to earthquakes and typhoons. The brokerage expects artificial intelligence-related c

According to Jin10 data, China's National Energy Administration deputy director He Yang and France's Director General of Energy and Climate Cedric Briolet held the fifth China-France energy dialogue on September 29 in Beijing. The two sides exchanged views on civil nuclear energy and other