Commodities (Crude Oil & Copper) & Macro Outlook

According to the International Energy Agency's monthly report, global oil refinery utilization rates are expected to decline by 2.6 million barrels per day in 2026.

According to the International Energy Agency (IEA), global oil inventories fell by 3.1 million barrels per day in August. Since February, inventories have declined at an average rate of 2.8 million barrels per day.

According to IEA's monthly report, the International Energy Agency downward revised its Russian oil production forecasts for 2026 and 2027 due to continued Ukrainian strikes on energy infrastructure. The agency reduced its 2026 forecast by 125,000 barrels per day to 8.7 million barrels per day, and

According to the International Energy Agency, the IEA has adjusted its 2026 global oil supply forecast to 1.74 million barrels per day below demand, compared to its previous estimate of 1.27 million bpd shortage. The agency widened its projected supply deficit by 470,000 bpd in the updated forecast.

According to the International Energy Agency's monthly report, global oil supply in 2026 is now forecast at an average of 100.7 million barrels per day, down 5.7 million barrels per day from 2025 levels and 1.3 million barrels per day lower than the agency's previous

According to the IEA's latest monthly report, the full recovery of oil supply from Gulf producers is expected to be delayed until 2027.

The International Energy Agency (IEA) lowered its oil demand forecast on September 11 due to escalating tensions involving Iran. The revision reflects reduced economic growth expectations tied to geopolitical developments in the

According to Reuters, Norway's energy ministry received applications from 21 oil and gas companies on Friday for the latest annual petroleum licensing round (APA), representing an increase of one bidder from 2025 as Shell rejoined after sitting out last year's round. The round covers 70

According to the American Automobile Association (AAA), U.S. diesel prices broke through $6 per gallon for the first time on September 11, reaching $6.0556 per gallon. California diesel prices have climbed even higher, approaching $8 per gallon. As a key fuel for the global economy, diesel is

Bitcoin fell to roughly $77,000 in the past 24 hours after declining from $78,500, as broader crypto market capitalization dropped 1.55% to $2.62 trillion. Trading volume rose 3.1% to $84.3 billion, signaling active repricing rather than passive selling. The decline is driven by macroeconomic

According to Jin10, Saudi Arabia's east-west crude oil pipeline was allegedly targeted by Houthi forces on September 11. NASA's FIRMS satellite system detected thermal anomalies along the pipeline route, while Sentinel-3 satellite imagery showed a black smoke plume spanning 80 to 100 kilometers. Sau

According to Shanghai International Energy Exchange on September 11, the exchange released amendments to its trading rules following board approval and filing with the China Securities Regulatory Commission. The amendments take effect on September 14.

According to Shanghai Futures Exchange (SHFE), this week copper inventories decreased by 8,220 metric tons, while aluminum inventories fell 17,019 tons. Zinc inventories increased by 1,253 tons and lead declined by 863 tons. Nickel stocks dropped 847 tons, tin rose 1,153 tons, and natural rubber inv

Wall Street banks have significantly raised their long-term oil price forecasts as supply disruptions from the US-Iran conflict show signs of prolonging beyond initial expectations. HSBC recently increased its 2027 Brent crude forecast by $20 to $85 per barrel, while Goldman Sachs set a $80 target a

The Nikkei 225 fell 1,259.61 points (1.93%) to close at 64,011.34 on September 11, as rising oil prices weighed on investor sentiment across Japanese stocks. The decline came after crude oil prices surged on news that Iran resumed ballistic missile production and pro-Iranian Houthi forces captured a

According to SaxoBank, Middle East supply concerns continue to fuel U.S. producer price inflation, with diesel prices surging to drive PPI gains. Bond yields across the eurozone and U.S. have climbed significantly, while gold, copper, and equity markets face concurrent selling pressure. Markets

According to Shanghai Futures Exchange data, major industrial metals showed mixed warehouse receipt movements on September 11. Copper futures receipts declined 301 tonnes to 20,854 tonnes; aluminum fell 1,526 tonnes to 212,073 tonnes; and zinc increased 546 tonnes to 93,201 tonnes. Among precious me

According to Jin10 Futures, on September 11, Shanghai Futures Exchange (SHFE) energy and chemical futures warehouse holdings saw notable changes. Fuel oil futures holdings cleared to zero, down 1,000 tonnes from the previous trading day. Pulp futures warehouse holdings increased to 412,791 tonnes, u

According to Business Insider, HSBC raised its 2027 Brent oil price forecast by $20 to $85 per barrel on September 10, citing prolonged supply disruptions from the ongoing U.S.-Iran conflict. The bank expects crude oil supplies through the Strait of Hormuz to recover gradually rather than quickly, e