Commodities (Crude Oil & Copper) & Macro Outlook

According to Zhitong Finance, Sunshine Oilsands (02012) posted a net loss attributable to shareholders of CAD 19.74 million in Q2 2026 (ended June 30), up 896.47% year-over-year from a loss of CAD 1.94 million in the same period last year. The group recorded a total loss of CAD 4.7 million for the

According to two sources, Russia's Orsk oil refinery halted production on August 11 following a drone attack. The facility is operated by Orsk Oil Company.

Brent crude oil fell below $87 per barrel today, declining 1.04% during the session.

The Abu Dhabi National Oil Company set the official selling price for September Murban crude at $79.07 per barrel.

South Korean cryptocurrency exchanges are trading Bitcoin at lower prices than overseas platforms, marking a sustained reversal of the traditional 'kimchi premium' pattern. According to on-chain data platform CryptoQuant, Bitcoin's premium indicator averaged -0.48 during the first nine days of

According to the UN shipping body, crude oil from the grounded Caroline Maersk tanker has drifted to Oman's shoreline as of August 12. The vessel remains positioned approximately 22 nautical miles off Sharbit coast. Seasonal monsoon conditions have limited rescue operations for the stranded tanker.

According to Ukraine's Ministry of Agriculture, grain exports fell to 280,000 tons during August 1–12, 2026, compared with 1.15 million tons in the same period last year (August 1–15, 2025).

Chicago wheat futures climbed 3.1% today, marking the largest gain in a week, after Russia's main grain export port came under attack and caught fire. Soybean and corn futures also advanced amid heightened concerns over disruptions to Black Sea grain

According to Deda Futures report on August 12, only 6 vessels transited the Strait of Hormuz on Monday (August 10), sharply below the normal 125-140 daily average, as escalating attacks in the Strait of Hormuz and Bab al-Mandeb increase navigation risks. The report noted that transits over the

Germany's Federal Statistical Office (FSO) confirmed in July that the country's Consumer Price Index (CPI) rose 2.8% year-over-year, matching preliminary estimates. Energy prices continued to rise at an above-average pace, serving as the primary inflation driver. The FSO attributed the

According to the German Federal Statistical Office (FSO), Germany's July consumer price index rose 2.8% year-over-year on August 12, matching preliminary estimates. Month-over-month, prices increased 0.8% in July. Core

According to the IEA monthly report, Middle East oil exports peaked at 20 million barrels per day in early July before declining to 12 million barrels per day later in the month.

According to the Philippine Statistics Authority, the Philippine economy grew by only 2.3% in the second quarter of 2026, reported on August 7, marking its weakest quarterly growth in 16 years and falling well short of the analyst consensus forecast of 2.8%. The slowdown was driven by rising

According to the IEA's July monthly report, Saudi Arabia increased oil production by 0.9 million barrels per day to 8.2 million bpd in July. Iraq raised output by 0.47 million bpd to 2.9 million bpd, while Iran added 0.33 million bpd to reach 2.6 million bpd. UAE crude production declined to 3.9 mi

According to Reuters and shipping tracking data, fuel oil futures surged on Wednesday (Aug 12), with FU2609 gaining over 4% intraday to break above 3,800 yuan per ton. LU2609 low-sulfur contracts climbed over 2%. The rally was driven by an impasse in Hormuz Strait transit negotiations, as Iran's

According to the IEA Monthly Report, OPEC+ increased crude oil production by 1.5 million barrels per day in July 2026.

According to IEA's July monthly report, non-OPEC+ oil production increased by 590,000 barrels per day in July, driven primarily by Qatar.

According to the International Energy Agency's latest monthly report, global oil demand is projected to increase by 2.4 million barrels per day in 2027, exceeding the organization's previous forecast of 1.9 million barrels per day.

According to the International Energy Agency monthly report, observed oil inventories have decreased by 410 million barrels since the conflict outbreak.

According to LME data, copper inventories have declined for 40 consecutive days, marking the longest such streak since 2014. The sustained drawdown reflects sustained demand pressures in the global copper