Commodities (Crude Oil & Copper) & Macro Outlook

According to Odaily citing a CFTC statement, on August 2 the U.S. Commodity Futures Trading Commission proposed amendments to sections 37, 38, 39 and sections 1.52 and 1.55 of CFTC regulations to address conflicts of interest among affiliated derivatives trading entities. The public comment period

OPEC+ announced that its next meeting will be held on September 6.

According to OPEC+ statement, the organization agreed to raise September oil production quotas by 188,000 barrels per day.

According to Iranian media Fars News, on August 2, Iran denied reports claiming it had agreed to reopen the Strait of Hormuz, stating its policy on the strategic waterway remains unchanged. A spokesperson emphasized that Iran's stance on this vital shipping corridor has not

According to Jin10, Jiashi Crude Oil LOF announced on August 2 that its secondary market trading price has significantly exceeded net asset value, with a notable premium. The closing price on July 31 was 2.201 yuan, while the net asset value as of July 29 stood at 1.9955 yuan, representing a premium

South Korea's Minister of Trade, Industry and Energy Kim Jung-kwan held an emergency inspection meeting on the 2nd at 5 PM Frankfurt time to assess the supply situation of oil, naphtha, and other resources amid escalating Middle East tensions. The government is monitoring real-time supply

According to the Ministry of Industry, Trade and Resources, South Korea's Industry Minister Kim Jung-gwan held an emergency video conference on August 2 to assess crude oil and naphtha supply amid escalating Middle East tensions. The meeting reviewed supply status, inventory levels, and

According to Edaily, OPEC+ voluntary production cut participants held a monthly meeting on August 2 to discuss production guidelines for next month, considering a sixth consecutive month of production quota increase as global oil prices rise. If member countries decide on the same scale of producti

According to OPEC+ representatives, on August 2, the organization is likely to raise September production quotas by approximately 188,000 barrels per day. Production increases will halt during the fourth quarter, according to the

According to Japan's Economy Minister Akira Akasawa, Japan has secured oil purchases for August equivalent to 100% of the same period last year. The country has confirmed it has adequate supply to meet total domestic

According to Japan's Economy, Trade and Industry Minister Akira Akasawa, the country's strategic oil reserves are sufficient to ensure stable supply through March 2028, even if procurement levels remain at a conservative 75% of historical averages. The government plans to tap into national

Gate News message, a Hyperliquid trader was liquidated on a 47.61K $BRENTOIL long position 4 hours ago, resulting in a loss of approximately $277.6K. This marks the second liquidation for the same trader, who lost approximately $288.5K on a $BRENTOIL liquidation six days ago. The combined losses

According to the International Energy Agency, the Strait of Hormuz shipping disruption halted Middle East liquefied natural gas (LNG) supplies, driving Japan's average wholesale electricity price to $90 per 1,000 kilowatt-hours in the second quarter of 2026, up 30% year-on-year, Japan's Kyodo News r

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) suspended approval of Nasdaq's cash-settled Bitcoin Index Options (ticker: QBTC) on July 31 and reopened its review following legal objections from CME Group. CME argues Bitcoin is a commodity under Commodity Futures Trading Co

According to Jin10, tensions in the Middle East escalated sharply on August 2. Iran's military announced deployment of new unmanned drones, while Israeli media reported the U.S. is moving toward approving strikes on Iranian energy infrastructure. Israeli officials described the situation as

According to Yahoo Finance, traffic through the Strait of Hormuz hit a new low on July 31, with only 5 vessels transiting the previous day, according to tracking data from Kpler. Before the conflict, the critical waterway averaged over 100 vessels daily, transporting about one-fifth of the world's o

According to Jin10, on August 2, Saudi Crown Prince Mohammed bin Salman expressed concern to U.S. President Trump about plans to strike Iranian energy targets and urged the U.S. to exercise restraint. The Crown Prince sought clarification on operational details and called for de-escalation to

According to Guru Club, former President Trump posted on Truth Social on August 2, claiming that oil exports are surging as a result of his presidency.

According to CCTV, Turkey's state oil pipeline company BOTAŞ and two Iraqi oil companies formally signed a one-year crude oil transport agreement on August 1. Under the agreement, 750,000 barrels per day will be allocated to Iraq. Turkey's energy ministry noted that the pipeline has a total design c