Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai International Energy Exchange announcement on September 11, the exchange restricted opening positions for two account groups with actual control relationships that exceeded daily intraday transaction limits on related contracts. The trading behavior violated the exchange's

According to Markets Pulse survey, on Sept 11, the 10-year Treasury yield rose to 4.96%, a three-year high. About 30% of 122 surveyed market participants said the yield reaching 5%-5.25% would trigger a 10% stock market correction from peaks, while 22% placed the threshold slightly higher

According to a Bangladeshi government minister, the country will require an additional 3 to 4 million tons of liquefied natural gas annually from 2026 through 2030. LNG demand is projected to surge significantly to 17 to 18 million tons per year for the 2031-2040

According to market sources, major Wall Street banks are raising Brent crude oil forecasts on September 11 as Middle East shipping disruptions intensify global petroleum supply concerns. HSBC projects 2026 average Brent prices at $90 per barrel, while Goldman Sachs warns prices could exceed $120 if

According to Guru Club, on Friday, Sept. 11, Dutch and UK benchmark natural gas wholesale prices retreated from 2022 year-end highs, though concerns about Europe's ability to attract sufficient liquefied natural gas for winter stockpiling remain. The European Union's gas storage stands at 67.64%, a

According to Jin10, on September 9, Chinese National Energy Administration Director Wang Hongzhi met with Canadian Secretary of State for Natural Resources Cory Hogan in Beijing. The two sides exchanged views on energy cooperation during the meeting, with Wang stating that China is willing to

On September 11, 2026, the evacuation of Perim Island in the Bab el-Mandeb Strait marked a key node: Yemen’s Houthi forces had completed their takeover of this strategic waterway linking the Red Sea and the Gulf of Aden. The Houthis had previously taken control of the port city of Mokha, while a UN envoy warned that “a more dangerous new phase is arriving.” The market reaction was swift and severe. The Brent crude front-month continuous contract settled at $107.63 on September 10, with a one-day

According to Gate data, Brent crude oil (XBRUSD) pulled back to $105.94 per barrel, up 3.0% over the past 24 hours.

China imported 225 million barrels of crude oil and condensate in August, according to global shipping data firm Kpler, as reported by Nikkei Asia on the 11th (local time). This volume represents a 30% decrease from the same period last year but marks a significant increase from June's 179 million b

Brent crude oil declined 2.5% intraday to $104.88 per barrel, while WTI crude dropped below the $100 per barrel mark, trading at $99.99, down over 2% today.

According to Shanghai Futures Exchange warehouse receipts report on September 11, multiple commodity futures saw notable changes in inventory levels. Silver warehouse receipts increased by 9,834 kg to 1,407,505 kg, while lead warehouse receipts rose by 1,462 tons to 59,753 tons. Hot-rolled coil ware

Iran-aligned Houthi forces seized the Red Sea port city of Mocha on Thursday, September 10, pushing crude oil prices above $100 as they advanced toward the Bab el-Mandeb Strait. Four Yemeni government military sources told Reuters the Houthis had taken Mocha and reached the strategic Hanish

According to sources cited by Jin10, at least two Asian refiners have requested Saudi Aramco shift the pricing benchmark for their long-term crude supply contracts from Dubai benchmark to ICE Brent crude price this week during negotiations for 2027 supplies. The refiners cited increased

According to the International Energy Agency's monthly report, the Strait of Hormuz handled an average daily flow of 7.6 million barrels in August.

According to the International Energy Agency monthly report, non-OPEC oil supply is expected to increase by 630,000 barrels per day in 2026.

According to the IEA's August monthly report, non-OPEC crude oil production increased by 240,000 barrels per day in August, driven primarily by the United States and the United Arab Emirates.

According to the IEA monthly report, OPEC+ oil production is projected to fall by 6.3 million barrels per day in 2026.

According to IEA monthly report, OPEC+ production declined by 1.8 million barrels per day in August 2026.

According to LME data released today (September 11), lead inventory decreased by 2,350 tonnes, zinc fell by 1,775 tonnes, and nickel rose by 2,820 tonnes. Tin inventory increased by 45 tonnes, copper declined by 275 tonnes, and aluminum fell by 250 tonnes.

According to the International Energy Agency monthly report, Russia's oil production in August declined by 200,000 barrels per day compared to July, falling to 8.36 million barrels per day.