Commodities (Crude Oil & Copper) & Macro Outlook

Bank of England Governor Andrew Bailey stated that energy prices have experienced significant increases since July, according to recent remarks.

According to ECB Governing Council member Rehn on September 17, energy price shocks from Middle East conflicts have not spilled over into other sectors of the eurozone economy, with no signs of second-round inflation effects or wage-price spirals emerging. Rehn noted that energy prices

The U.S. Federal Reserve raised its benchmark interest rate, but Korean stocks and the foreign exchange market showed limited reaction on the 17th. The KOSPI closed at 6715.41, down 2.56 points (0.04%) from the previous trading day, while the KRW/USD exchange rate rose 13.6 won to 1382.2 won as

According to Jin10, on September 17, China's Ministry of Finance announced plans to issue 600 billion yuan in 182-day discount treasury bonds through competitive bidding. The securities will begin accruing interest on September 24, 2026, and will be redeemed at face value on March 25, 2027, with

German Vice Chancellor Christian Lindner announced plans for consumer relief measures to address elevated fuel prices, proposing a windfall tax on energy companies. Lindner stated that specific proposals would be presented soon, signaling an imminent policy

According to Shanghai International Energy Exchange announcement on September 17, a group of related accounts exceeded daily intraday opening transaction limits on certain contracts, violating Article 16 of the exchange's abnormal trading behavior management rules. The exchange has imposed trading o

According to Each Net, CATL announced plans on September 16 to construct a lithium salt production facility in Ya'an Economic and Technological Development Zone with total investment of 1.4 billion yuan, targeting annual production capacity of approximately 40,000 tons of lithium carbonate and 30,00

According to the State-owned Inventory Oil Company, on Sept 17, the U.S. strategic petroleum reserve fell to 280 million barrels, marking its lowest level in four decades. The decline reflects ongoing disruptions to Middle East oil supplies following U.S.-Iran tensions, with Gulf state exports

According to Gassco, Norway's gas transport operator is significantly increasing planned natural gas supply disruptions scheduled for September 18-19 from 18 million cubic meters to 55.1 million cubic meters.

According to Singapore Economic Development Board, light distillate stockpiles increased by 1.939 million barrels during the week ending Sept. 16, reaching 13.813 million barrels—the highest level in 16

According to Singapore Economic Development Board, middle distillate inventories increased by 444,000 barrels to 8.681 million barrels as of September 16, marking a five-week high.

Singapore's fuel oil inventory for the week through September 16 and the London Metal Exchange (LME) copper, aluminum, and nickel inventory changes as of September 17 will be released in approximately 10

According to Ukrainian President Zelensky, overnight on September 16-17, Ukrainian forces conducted joint operations by the Security Service, drone forces, Defense Intelligence Directorate, and Foreign Intelligence Service, striking Russia's Yaroslavl oil refinery. The Security Service also

According to Interfax, Azerbaijan's oil production declined 8.3% year-over-year in August, falling to 2.2 million tons.

China's Foreign Ministry responded today to U.S. Congress authorization allowing President Trump to impose tariffs on nations purchasing Russian oil products. Spokesperson Guo Jiakun stated that China conducts normal trade with countries on the basis of mutual benefit and equality, and opposes

According to TASS, Kazakhstan projects its oil production to reach 96 million tons in 2028 and 99 million tons in 2029.

According to Bloomberg, Libya's Hamada and Tahara oil fields resumed production this week after security forces reopened pipeline valves that had been shut down in a wage dispute. Masoud Suleman, chairman of Libya's National Oil Corporation, confirmed that normal production levels have been

According to Shanghai Futures Exchange (SHFE) data reported by Jin10, as of September 17, warehouse inventories across metal futures declined generally. Aluminum futures holdings fell to 189,895 tons (down 5,325 tons day-over-day), while zinc inventories decreased to 94,053 tons (down 980 tons),

According to Jin10, on September 17, pulp futures warehouse inventories rose to 419,913 tons, up 1,597 tons from the previous trading day. In the same period, low-sulfur fuel oil futures warehouse inventories remained at zero, declining 3,440 tons compared to the previous trading day.