Commodities (Crude Oil & Copper) & Macro Outlook

According to the EIA's latest Short-Term Energy Outlook, the agency raised its forecast for U.S. crude oil consumption in 2027 to 20.80 million barrels per day, up slightly from its previous projection of 20.79 million barrels per day.

According to EIA's Short-Term Energy Outlook, the U.S. oil demand growth forecast for 2026 was revised down to 200,000 barrels per day from 900,000 barrels per day, marking a reduction of 700,000 barrels per day.

According to EIA's Short-Term Energy Outlook released on August 11, the agency lowered its forecast for U.S. crude oil consumption in 2026 to 20.63 million barrels per day, down from a prior estimate of 20.70 million barrels per day.

According to the U.S. Energy Information Administration's Short-term Energy Outlook released on August 11, the agency lowered its 2026 natural gas consumption forecast to 92.0 billion cubic feet per day from a previous projection of 92.1 billion cubic feet per day.

According to the U.S. Energy Information Administration's Short-Term Energy Outlook, crude oil production in the United States is now projected to increase to 210,000 barrels per day in 2026, up from the previous forecast of 190,000 barrels per day.

According to the EIA's Short-Term Energy Outlook, the agency raised its 2027 WTI crude oil price forecast to $65.39 per barrel from the previous estimate of $60.76 per barrel.

According to the EIA Short-Term Energy Outlook report, the agency raised its forecast for 2027 U.S. dry natural gas production to 1,160 billion cubic feet per day, up from its previous estimate of 1,153 billion cubic feet per day.

According to EIA STEO, the U.S. Energy Information Administration raised its crude oil production forecast for 2026 to 13.80 million barrels per day in August, up from 13.78 million in July. The 2027 outlook was similarly increased to 14.15 million BPD from 14.03 million. Dry natural gas forecasts r

According to the U.S. Energy Information Administration (EIA), the agency maintained its forecast for U.S. natural gas production at 1,112 billion cubic feet per day for August, unchanged from the previous

The U.S. Energy Information Administration (EIA) raised its August Brent crude oil average price forecast to $86.81 per barrel, up from the previous estimate of $81.91 per barrel, reflecting a $4.90 increase.

According to the U.S. Energy Information Administration (EIA), the agency raised its August average WTI crude oil price forecast to $80.88 per barrel, up from the previous estimate of $76.26 per barrel.

According to the U.S. Energy Information Administration (EIA), Brent crude oil prices are now forecast at $87 per barrel for 2026, revised up from a prior estimate of $82 per barrel. The 2027 projection was also raised to $69 per barrel from the previous forecast of $65 per barrel. Additionally, U.S

Qatar's liquefied natural gas (LNG) shipments have surged to their highest level since March, signaling preparations for a potential reopening of the Strait of Hormuz. Daily loading volumes at Ras Laffan port have reached approximately 80,000 tons, though this remains about 60% below the same

US Treasury bond prices strengthened on the 11th after reports emerged of a potential agreement between the United States and Iran. As of 9:03 AM Eastern Time, the 10-year Treasury yield fell 0.90 basis points to 4.693%, while the 2-year yield dropped 1.90 basis points to 4.228%, according to

According to Pakistan's Defense Minister Kawaja Asif, earlier today on August 11 (U.S. Eastern Time), negotiations between the U.S. and Iran appear to have made significant progress, bringing the two parties closer to a potential agreement. The statement prompted a swift reversal in oil markets,

According to @JLeeEnergy, Russian crude oil shipments have declined to their lowest level since May as refineries complete maintenance and repair work. However, a new wave of drone attacks targeting Russian energy infrastructure could reverse the trend and impact crude production capacity in the com

The EIA will release its Monthly Short-Term Energy Outlook (STEO) in 10 minutes.

BWET, an index tracking crude oil transportation costs, reached new all-time highs on August 11. The benchmark is widely regarded as an indicator of market expectations regarding geopolitical developments affecting shipping routes and energy logistics in the Middle East

According to Reuters World News, today Trump cut the recommended childhood vaccine schedule. Simultaneously, tensions involving Iran pushed oil prices higher. Taiwan also conducted a simulation exercise to prepare for potential internet

According to a post on X, an adviser to Iran's Supreme Leader Mokhbar declared that the Strait of Hormuz will not be reopened until Iran's conditions are met. The statement reflects ongoing tensions over the strategic waterway, through which a significant portion of global oil trade