Commodities (Crude Oil & Copper) & Macro Outlook

According to OPEC's monthly report, the organization cut its 2026 global oil demand growth forecast to 380,000 barrels per day (bpd), down from the previously projected 580,000 bpd. For 2027, OPEC raised its forecast to 2.36 million bpd, up from 2.16 million bpd.

According to OPEC's monthly report, Russia's oil production in August declined by 160,000 barrels per day compared to July, falling to 8.718 million barrels per day.

According to Gate data, Brent crude oil (XBRUSD) surged through $104 per barrel, trading at $104.21/barrel with a 24-hour gain of 2.4%.

According to Guru Club, on September 10, WTI crude oil futures rose 2.09% to $98.054 per barrel, while Brent crude oil futures climbed 1.86% to $103.092 per barrel.

According to analysis reported on September 10, disruptions to the Bab al-Mandab Strait, a critical shipping corridor linking Asia and Europe via the Suez Canal, could significantly increase global transport costs. The strait is also vital for oil pipeline transport between the Red Sea and

According to Shanghai Zhonqi Futures research on September 10, polypropylene futures contracts (main contract 2701) rallied 2.29% today, supported by overnight gains in international crude oil. Brent crude rebounded above $100 per barrel, driven partly by geopolitical concerns in the Strait of

According to Farsnews News Agency, Iran has ordered a temporary suspension of a 10% surcharge on foreign vessels carrying energy products into and out of the country.

According to ENAGAS data, Spain's natural gas imports in August reached 29,746 GWh, up from 27,747 GWh in the same month last year, representing a 7.2% year-over-year increase.

According to MoneyDJ, the Hang Seng Index fell 1.27% to 24,954.47 points on Sept 10, marking two consecutive red days. The Hang Seng Tech Index declined 2.04% to 4,330.49 points, with tech stocks leading declines, including Meituan, Baidu, Tencent, Xiaomi, and Alibaba. Market weakness was driven

According to Reuters survey, OPEC oil production declined in August. The survey measures crude oil output from the organization's member countries.

According to the International Energy Agency (IEA), coal consumption is projected to reach a record high in 2026, driven by rising natural gas prices and increased air-conditioning demand linked to a strong El Niño phenomenon. The IEA noted in its Thursday report that coal demand may rise further ne

According to Jin10, on September 10, China's China General Nuclear Power Corporation (CGN) nuclear operating insurance co-insurance agreement was signed in Shenzhen, implementing RMB pricing and settlement

According to Guru Club, COMEX October copper futures fell 3% to $6.61 per pound on September 10, while LME spot copper dropped over 1.5% intraday.

SGX obtained CFTC authorization under Regulation 48.10, allowing U.S. institutional investors direct access to its bitcoin and ether perpetual futures for the first time. KC Lam, head of crypto derivatives at SGX Group, described the approval as a key milestone that bridges U.S. traditional

According to Reuters, the White House has not finalized a decision on refined copper tariffs as of September 10, with officials weighing rising copper costs against potential incentives for domestic mining. Copper prices have soared to record highs amid market expectations that the U.S. may impose t

According to Reuters, Rosneft's Ryazan refinery in Russia halted operations on September 6 following drone attacks, with two key processing units damaged. The facility's main crude distillation unit CDU-6, which has an annual processing capacity of 8 million tons of oil (approximately 160,000

Chinese stocks fell on the 10th as Middle East geopolitical tensions dampened investor sentiment. The Shanghai Composite Index closed down 17.10 points (0.43%) at 3,934.40, while the Shenzhen Composite Index dropped 24.11 points (0.95%) to 2,502.04, according to Yonhap Infomax Global Stock Index.

According to Yonhapinfomax, Shanghai Composite Index declined 0.43% to 3,934.40 on September 10, while Shenzhen Composite Index fell 0.95% to 2,502.04 as investor sentiment weakened due to Middle East geopolitical risks and elevated international oil prices. Semiconductor and AI-related stocks

According to Bank of America analyst Nathan Gee, crude oil breached $100 per barrel on Thursday, Sept 10, the highest intraday level since May 22, pushing jet fuel costs sharply higher. The surge in aviation fuel expenses is likely to keep forward airfare pricing elevated through the year-end