Commodities (Crude Oil & Copper) & Macro Outlook

Eni, an Italian multinational oil and gas company, said its Junin-5 project first phase will generate significant production growth, with output expected to reach 200,000 barrels per day by 2028.

Wall Street is divided on investment strategy ahead of the Federal Reserve's Oct. 28 rate decision, with markets pricing in a 90% chance of no change to the benchmark rate currently at 3.75% to 4.00%. AI company Anthropic has become the third-largest holder of cash-like assets among U.S.

According to Jin10, U.S. Gulf Coast refining margins reached $72 per barrel in September, a historic high more than double year-to-date levels, driven by supply disruptions from attacks on Middle Eastern and Russian production capacity. Global refineries operating at full capacity to compensate

The World Bank raised its global commodity price outlook in a report released October 28, projecting energy prices will rise 32% this year after three consecutive years of declines. The upward revision stems from energy supply disruptions linked to the Middle East conflict and reduced agricultural o

According to the EIA report, U.S. Midwest gasoline inventories fell to historic lows last week.

According to Citi analyst Francesco Martoccia, crude oil futures climbed on October 28 as market concerns over Middle East escalation risks overshadowed diplomatic efforts in the region. Israel's post-election political deadlock has heightened uncertainty at a particularly sensitive moment in U.S.-I

According to Citi Research, crude oil prices rose on October 28 amid escalating Middle East tensions and concerns over Israel-Iran relations following the Israeli election. Citi analyst Francesco Martoccia noted that the post-election political deadlock heightens uncertainty and increases the risk o

According to the latest EIA report, U.S. crude oil inventories along the Gulf Coast fell to their lowest level since December 2024 last week.

According to EIA data, U.S. crude oil production demand for the week ending October 23 reached 20.636 million barrels per day, up from 19.464 million barrels per day the previous week.

According to EIA data, U.S. distillate fuel oil implied demand rose to 5.53 million barrels per day for the week ended October 23, up from 5.11 million barrels per day in the prior week.

According to EIA data released for the week of Oct 23, U.S. crude oil exports increased 1.412 million barrels per day to 4.854 million barrels per day. Domestic crude oil production rose 723,000 barrels to 13.992 million barrels per day, while commercial crude oil inventories excluding strategic

According to the U.S. Energy Information Administration (EIA), gasoline inventories for the week ended October 23 increased by 3.87 million barrels, contrary to expectations of a 310,000-barrel decline and the previous week's 2.952-million-barrel

According to EIA data, U.S. refinery crude oil production fell 71,000 barrels per day in the week ending October 23, compared with an increase of 43,000 barrels per day in the previous week.

U.S. gasoline production declined 509,000 barrels per day for the week ending October 23, according to EIA data, compared to the previous week's output of 518,000 barrels per day.

According to EIA, U.S. refinery capacity utilization fell 0.6% for the week of October 23, missing expectations of no change and compared to the previous week's decline of 0.1%.

According to the U.S. Energy Information Administration (EIA), crude oil inventories declined by 1.89 million barrels last week. Bloomberg users had expected a decline of 994,000 barrels, while analysts had forecast an increase of 81,170 barrels.

According to EIA data, U.S. refinery oil inventories fell 1.462 million barrels for the week ending October 23, exceeding the expected decline of 880,000 barrels and reversing the previous week's increase of 1.675 million barrels.

According to the U.S. Energy Information Administration (EIA), heating oil inventory fell to 164,000 barrels for the week ended October 23, down sharply from 652,000 barrels in the prior week.

According to EIA data, U.S. Strategic Petroleum Reserve inventory fell by 100,000 barrels for the week ending October 23, compared to a decline of 300,000 barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil production fell 123,000 barrels per day for the week ending October 23, compared with a gain of 34,000 barrels per day in the previous week.