Commodities (Crude Oil & Copper) & Macro Outlook

South Korean President Lee Jae-myung held his first summit with Chilean President José Antonio Kast on July 30 (local time) at the La Moneda Presidential Palace in Santiago. The two leaders discussed strengthening economic security cooperation, including critical minerals supply chain

According to Yonhap Infomax, South Korean President Lee Jae-myung and Chilean President José Antonio Kast held their first bilateral summit on July 30 (local time) in Santiago. The talks focused on strengthening economic security cooperation, including critical mineral supply chain collaboration and

According to Egypt's Prime Minister, the country has implemented alternative measures to meet its energy demand following recent attacks on gas transport vessels. The statement confirms government contingency planning to ensure continued energy security amid disruptions to traditional maritime

According to sources, Canada Nickel Co.'s flagship Crawford project received federal government approval last week, clearing a key regulatory hurdle before construction. The Toronto-based company entered the final phase following an environmental impact assessment submitted to Canada's environment m

According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) issued a proposed rule notice (NPRM) today to amend sections 37, 38, 39 and sections 1.52, 1.55 of CFTC regulations. The public comment period will close 60 days after publication in the Federal Register. The

According to sources, Russia's Ryazan oil refinery halted operations on Wednesday (July 30) following a drone attack.

The Bank of England left interest rates unchanged at 3.75% on Thursday, though three members voted in favor of a rate hike as the ongoing Middle East energy crisis continues to fuel inflationary pressures. Economists had expected only two members to support a rate increase. The decision reflects the

Japan slashed its growth forecast for fiscal year 2026 to 0.9% on Thursday, down from the 1.3% projection issued in January. The Cabinet Office cited surging crude oil prices and a weaker yen as primary drivers of the downgrade. The revision exposes how quickly Middle East tensions can reshape the o

According to Japan's Cabinet Office on Thursday (July 30), the government downgraded its fiscal 2026 growth forecast to 0.9% from 1.3%, citing surging crude oil prices and a weakening yen squeezing the import-dependent economy. The revision reflects new assumptions: crude oil is now modeled

According to Jin10, on July 30, UK Prime Minister Starmer hinted he has told President Trump that Britain will not "ignore" North Sea resources, signaling government support for new oil and gas drilling projects. The government is reportedly considering approving development of the Jackdaw and

According to Jin10, oil transshipment services through the Hormuz Strait have resumed activity after a brief slowdown, successfully redirecting millions of barrels amid heightened tensions in the Middle East. Ship-to-ship (STS) transfers occur outside the strait, with vessels typically disabling

According to Datagro and USDA data released on July 30, Brazil's 2026/27 soybean production is forecast at 185.6 million tons, up from 182.8 million tons in the prior year, with planted area increasing 0.3% to 49.3 million hectares. Meanwhile, U.S. soybean-producing regions experiencing moderate-to-

According to Odaily, CME Group CEO Terry Duffy has raised concerns that U.S. approval of perpetual futures contracts may expose traders to tax and regulatory uncertainty. Duffy noted that the economic structure of perpetual futures—where counterparties regularly exchange funding rates—aligns with th

According to Jin10, Russia's Federal Government extended export bans on gasoline, diesel, marine fuel, and light diesel for six months on July 30, with the restriction period running from August 1, 2026 through January 31, 2027. Starting September 1, fuel producers will be permitted to directly exp

Market sources reported on July 30 that Russian oil exports through western ports are expected to decline by approximately 4% in July compared to June, as Ukrainian attacks have reduced loading capacity in the Black

According to data from Guru Club (China's chemical commodity price platform), H acid, a key raw material for active dyes, surged 31% on July 28 to 80,000 yuan/ton. Leading producer Dachaidan and Xin Technology raised ex-factory prices to 100,000 yuan/ton the same day, marking a single-day gain

According to Portugal's state news agency Lusa, Portugal's government approved a temporary windfall tax on oil extraction and refining companies on Thursday (July 30), targeting profits significantly above historical averages. The measure was passed in a cabinet meeting and will be confirmed by a go

On July 30, 2026, 14:00–14:15 (UTC), BTC saw a sharp drop of 0.44% within 15 minutes, with a price range of 64,721.8–65,038.9 USDT and an amplitude of 0.49%. A rapid pullback appeared in the short term as the market tried to balance rising geopolitical risk against uncertainty in monetary policy; overall sentiment turned cautious. The main drivers behind this move were the escalation of the U.S.-Iran conflict combined with hawkish signals from the Fed. On July 30, the U.S. military carried out a

According to the U.S. Energy Information Administration, U.S. natural gas inventories increased by 28 billion cubic feet last week, falling short of Bloomberg consensus expectations of 34 billion cubic feet and analyst forecasts of 36 billion cubic feet. The week-over-week increase rate stood at 0.9

According to EIA, U.S. natural gas stockpiles totaled 3.084 trillion cubic feet as of the week ending July 24, up 28 billion cubic feet from the prior week. Year-over-year, inventories fell 32 billion cubic feet or 1.0%. Compared to the five-year average, stockpiles remain elevated at 185 billion cu