Commodities (Crude Oil & Copper) & Macro Outlook

Ukraine's Agriculture Minister warned that prolonged closure of Odesa port through November will create a critical storage shortage for farmers, with a potential deficit reaching 11 million tons.

According to U.S. media reports, major U.S. oil companies including Chevron, ConocoPhillips, and Occidental Petroleum reduced capital spending in domestic shale basins by 10% to 20% in the first half of 2026, using high oil price windfall for shareholder returns and debt repayment rather than

According to Shanghai Futures Exchange data released on August 14, copper warehouse inventories decreased by 385 tons during the current trading period, while aluminum stocks fell 13,642 tons and nickel inventories slipped 203 tons. However, zinc, lead, tin, and natural rubber warehouses saw invento

According to Iran's Deputy Foreign Minister Qazem Gharib Abadi, on August 14, oil pollution along Qeshm Island's coast resulted from foreign military aggression. Oil has flowed into the island's fragile mangrove forests and spread to the southern coastline, according to Iranian

According to Jin10, South Africa's Constitutional Court on Friday ruled that Shell cannot renew its offshore exploration rights in the country's Indian Ocean waters. The decision concluded a five-year legal dispute between the oil giant and environmental activists who opposed the company's planned s

According to the U.S. Energy Information Administration (EIA), American oil production is projected to average 13.83 million barrels per day in August, compared to 13.82 million barrels per day in July. The EIA forecasts September production to decline slightly to 13.77 million barrels per day.

According to the U.S. Energy Information Administration (EIA), American natural gas production averaged 122.6 billion cubic feet per day in August, up from 122.0 billion cubic feet per day in July. The EIA projects September production to average 123.2 billion cubic feet per day.

According to Poland's energy minister, reintroducing fuel price measures will cost approximately 500 million zloty within two weeks. The official statement outlined the financial burden expected from the renewed policy

Iraq's oil minister stated that the country's oil exports have reached 2 million barrels per day since August.

According to the UK Maritime Trade Operations Office, a tanker came under drone attack while transiting the Strait of Hormuz on Thursday (August 14). The vessel sustained minor damage, all crew members were confirmed safe, and no environmental impact was

According to France's Agriculture Minister Annie Genevard, severe heat and drought have inflicted devastating losses on French farmers this summer. Genevard stated that the combined impact of high temperatures and water scarcity caused "catastrophic damage" to French agriculture. The government

According to Shanghai Futures Exchange (SHFE), this week copper inventory declined by 385 tons, aluminum by 13,642 tons, and nickel by 203 tons. Zinc inventory increased by 3,116 tons, lead rose 4,556 tons, tin climbed 516 tons, and natural rubber gained 1,626 tons.

According to traders, on August 14, Asian refiners are securing alternative crude supplies from the U.S. as the Strait of Hormuz remains largely closed. At least four Asian refiners bought U.S. crude this week, with South Korea's GS Caltex purchasing 2 million barrels of Mars crude from Shell for

According to reports on August 14, diesel crack spreads surged to a historic high of $98 per barrel following reports of a Houthi attack on a Saudi Aramco oil refinery. The U.S. Energy Department previously noted that approximately 8–9 million barrels of oil transit the Strait of Hormuz

Crypto exchanges recorded a 17-fold surge in monthly equity perpetual futures volume between April and July 2026, according to CryptoQuant. Trading volume climbed from approximately $15 billion in April to nearly $250 billion in July, driven primarily by semiconductor and memory-chip stocks on

According to Jin10 Futures, Shanghai Futures Exchange released energy and chemical commodity inventory data on August 14. Pulp futures warehouse inventory increased by 1,004 tons to 370,235 tons day-over-day. Petroleum asphalt futures warehouse inventory rose by 2,290 tons to 15,550 tons, while

According to Jin10 Futures, on August 14, Shanghai Futures Exchange (SHFE) released warehouse receipt data showing key movements across precious and base metals. Copper futures inventories rose to 33,676 tons, up 6,468 tons from the previous trading day. Aluminum futures inventories declined to 297,

From 06:45 to 07:00 on August 14, 2026 (UTC), BTC fell rapidly over 15 minutes, with Return % reaching -0.33%. Its price briefly fell below the $63,000 level to 62,941.9 USDT, with an Ampl of 0.42%. Over the previous 24 hours, BTC’s Fall % was approximately 1.31%, with a low of $62,851, while the broader market came under notable pressure. The main driver of this volatility was the escalation of geopolitical tensions surrounding the Strait of Hormuz. Iran proposed six conditions for reopening th

During 06:00–07:00 UTC on August 14, 2026, BTC’s 15-minute Return % reached -0.13%, with a price range of 63,294.0–63,383.7 USDT and an Ampl of 0.14%. After falling below the $63,000 level, BTC rebounded slightly to around $63,035, down approximately 1.31% over 24 hours, with an intraday low of $62,851. The global crypto market saw approximately $227 million in liquidations, including $122 million in long liquidations. The Filled Amount during the period was only 65.89 BTC (approximately $4.16 m

According to Guru Club, on August 14, domestic commodity futures mostly rose, with coking coal up over 4%, canola oil surging over 3%, and fuel oil gaining nearly 3%. Lithium carbonate, fuel oil, benzene, methanol, industrial silicon, and polysilicon also rose over 2%. Palladium fell over 3%,