Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Iraq announced the temporary closure of its airspace on the evening of June 7, following reports that Iran launched missiles at Israel. The Israeli Defense Forces detected the missile launches, and air raid sirens were activated across northern Israel.

According to Jin10 on June 7, International Air Transport Association (IATA) Chief Willie Walsh stated that rising aviation fuel prices will lead to more airline bankruptcies and industry consolidation in the coming period. Walsh also noted that once Middle East tensions ease, airlines and hubs in

At the close of the night trading session on June 7, Shanghai gold futures fell 2.93%, Shanghai silver futures dropped 7.43%, and SC crude oil futures declined 1.86% as of 2:30 AM.

According to Jin10 on June 7, U.S. crude oil inventories have declined for eight consecutive weeks, falling to their lowest level since February 2024. Morgan Stanley forecasts that unless shipping through the Strait of Hormuz returns to normal, crude oil prices could surge rapidly in late June as

Iraq's oil ministry spokesman stated to the national news agency that the country will increase daily crude oil production by 26,000 barrels from July onward under the latest OPEC+ agreement.

OPEC+ will hold its next ministerial meeting on November 29, 2026.

According to Jin10, on June 5, the U.S. released May employment data showing non-farm payrolls increased by 172,000, exceeding market expectations of 85,000. The unemployment rate held steady at 4.3% for a second consecutive month. Following the release, market pricing shifted sharply: U.S. rate

Air New Zealand's CEO announced plans to procure aviation fuel from Singapore at approximately $150 per barrel during the fiscal year 2027.

According to the International Air Transport Association (IATA), Brent crude oil is forecast to average $95 per barrel in 2026, up from $69 in 2025.

According to the International Air Transport Association (IATA), the global aviation industry's 2026 profit forecast was cut to $23 billion from the previously projected $41 billion, a reduction of nearly 45%. The downward revision was attributed to disruptions caused by the Iran war and rising

According to Jin10, next week (June 9-15) will see a flurry of major economic data releases and corporate events. On Tuesday, China will release May trade data, with May CPI and PPI figures due Wednesday alongside M2 financial data. The U.S. will publish May CPI on Wednesday, followed by May PPI on

OPEC announced that its seven member nations will hold a meeting on July 5. The announcement did not specify an agenda or location for the gathering.

According to CNBC citing three OPEC+ officials, the seven core member states of OPEC+ are likely to approve an increase of approximately 188,000 barrels per day to their oil production target beginning in July, matching the production increase announced for June. The decision is expected to be

According to Iran's Fars News on June 7, oil tankers transiting the Strait of Hormuz will be charged between $150,000 and $2,000,000 per vessel. Payments can be made in cash or through barter arrangements involving goods or

According to U.S. officials, the U.S. Treasury Department plans to use frozen Iranian assets to help Gulf allies cover losses caused by Iran, as disclosed on June 6. Possible options include frozen Iranian cash or hard assets such as oil tankers. The scope of the initiative may extend beyond frozen

According to Rosneft CEO Igor Sechin citing Rystad Energy data, U.S. oil and gas companies may generate over $60 billion in additional profits in 2026.

Rosneft CEO Igor Sechin stated that no one can prevent Russia from supplying oil to its strategic partners. The statement reflects the company's commitment to maintaining energy exports amid international

According to Financial Times, British Airways CEO Sean Doyle warned on June 7 during the International Air Transport Association annual meeting that ticket prices must rise if aviation fuel costs remain elevated. Fuel prices have doubled since the Iran conflict began in February, with the Strait

Rosneft CEO Igor Sechin recently warned that if the Strait of Hormuz is closed, other critical global maritime routes including the Malacca Strait, Bab el-Mandeb, and Strait of Gibraltar could also face disruption

According to Jin10, Japan's All Nippon Airways and Japan Airlines decided on June 7 to raise international flight fuel surcharges for bookings in July and August, citing surging aviation fuel prices amid Middle East tensions. Current fuel surcharges on North America and Europe routes stand at 56,000