Commodities (Crude Oil & Copper) & Macro Outlook

Italian energy company Eni announced it has made a final investment decision on the Cronos project in Cyprus. The company aims to bring the country's first natural gas to market by 2028, with targeted production reaching a stable level of 500 million standard cubic feet per

According to Al Jazeera, an Iraqi militant group on July 28 denied launching drone attacks on Saudi oil facilities, following Riyadh's accusation that Iran-backed militias carried out the strike on Monday.

Energy Secretary Sharon Garin announced on July 28 that fuel prices in the Philippines will increase sharply, with gasoline rising by P6.80 per liter, diesel by P7.32 per liter, and kerosene by P4.22 per liter, effective the same day. The price adjustments stem from renewed volatility in the

According to Energy Secretary Sharon Garin, pump prices in the Philippines are set to increase starting July 28, driven by ongoing volatility in the Middle East. The announced maximum price increases for the week of July 28 to August 3 are: gasoline up P6.80 per liter, diesel up P7.32 per liter,

According to Guru Club, on July 28, Shanghai tin futures fell 2.00% to 409,500 yuan/ton intraday, while London tin dropped 2.00% to $53,234/ton.

According to Jin10, CME data for July 27 showed mixed performance across energy and precious metals. Gold trading volume increased 34,701 contracts to 213,170 while open interest declined 1,065 to 373,693. Silver volume rose 4,028 to 34,689 with open interest down 242 to 106,649. Copper

According to Seoul Bond Market data, South Korean government bond yields declined slightly on the morning of July 28 as risk-off sentiment swept markets. The 3-year benchmark yield fell 2.3 basis points to 3.844%, while the 10-year yield dropped 1.5bp to 4.315% and the 30-year yield eased 0.1bp to 4

According to Bank of America, on Monday (July 27), the bank stated that the Federal Reserve should avoid responding to energy supply shocks, describing such inaction as a 'textbook policy choice.' The assessment comes as Kalshi prediction market traders widely expect such shocks to be mentioned in u

According to Hyperinsight, on July 28, WTI crude oil mapping contract (xyz:CL) on Hyperliquid fell to $80.91, down 5.2% in 24 hours and off 13.4% from the July 24 peak of $93.44. The decline reflects easing geopolitical risk premiums as the U.S. pauses military strikes on Iran and diplomatic

According to Reuters, Saudi Aramco is considering adjusting its oil pricing to reflect higher transportation costs for shipments loaded at Egypt's Sidi Krir port and destined for Asia, according to sources familiar with the

According to Jin10 Futures, on July 27, pure benzene futures closed at 7,820-7,960 yuan/ton (Chinese commodity futures price), down 490 yuan/ton from the previous trading session. Trading activity weakened as crude oil prices retreated from higher levels, though some buying interest remained at

According to Yingchun bidding website on July 27, CATL's Yichun lithium mining project in Yifeng County, Jiangxi province entered the public consultation phase for its environmental impact assessment. Following public comment period closure, the project requires two additional public notice

LPG futures fell 200 yuan intraday today, dropping 3.60% to 5,361 yuan per ton.

WTI crude oil fell below $80 per barrel today, with intraday losses of 1.43%. Brent crude slipped over 1%, currently trading at $84.43 per barrel.

Trump signed an executive order requiring the US defense supply chain to stop purchasing rare earth, tungsten, molybdenum, and tantalum from China, Russia, Iran, or North Korea by January 1, 2027. The administration has invested billions of dollars to support nearly 150 domestic mineral companies as

According to Reuters, the U.S. defense industry must halt purchases of Chinese rare earths, tungsten, molybdenum, and tantalum by January 1, 2027, as part of President Trump's effort to decoupling critical minerals from China. However, domestic production capacity remains drastically insufficient.

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate's midpoint price rose to 145,800 yuan per ton on July 28, up 100 yuan/ton compared to the previous day's 4:30 p.m. closing.

According to Yonhapinfomax, South Korean government bond futures declined on July 28 morning. The 3-year contract fell 1 basis point to 102.87, while the 10-year contract dropped 3 basis points to 105.14.

According to an International Monetary Fund (IMF) analysis reported today (July 28) by Nikkei newspaper, Japan would face the largest economic impact among major economies if rare earth supplies are cut off, with GDP declining by 2.3%. The vulnerability stems from Japan's high dependence on the