Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA) Short-Term Energy Outlook, U.S. distillate fuel inventories are expected to fall below 100 million barrels in September and remain below five-year lows for most

According to the U.S. Energy Information Administration (EIA), the agency's latest Short-Term Energy Outlook forecasts that global distillate fuel production will fall below year-ago levels in the coming

According to the U.S. Energy Information Administration (EIA), global oil inventories have declined 400 million barrels as of September 2026, with further declines expected through year-end, according to the agency's latest Short-Term Energy Outlook

According to the U.S. Energy Information Administration, Middle Eastern crude oil production is expected to remain below pre-conflict average levels through the second quarter of 2027.

According to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook released today, U.S. natural gas production is forecast to average 123.9 billion cubic feet per day in September, up from 123.7 billion cubic feet per day in August. The EIA projects October production will

TotalEnergies has signed two new exploration licenses for Angola blocks 17 and 32, according to the company's CEO. The licenses represent the company's continued investment in Angola's offshore exploration and production

According to the EIA's Short-term Energy Outlook, Middle Eastern oil exports will face restrictions, with this situation expected to persist through the end of 2026.

According to the EIA's Short-Term Energy Outlook released in September 2026, the U.S. Energy Information Administration raised its oil production forecasts for both 2026 and 2027. The agency now projects 2026 U.S. oil production at 13.83 million barrels per day, up from a previous estimate

According to its Short-Term Energy Outlook report, the U.S. Energy Information Administration revised its 2026 natural gas production forecast to 111.7 billion cubic feet per day, up 500 million cubic feet from its prior estimate of 111.2 billion. For 2027, EIA now forecasts output at 115.9 billion

According to the U.S. Energy Information Administration (EIA), Middle East oil production is expected to rise in coming months due to increased flows through the Strait of Hormuz, as outlined in its short-term energy

According to TotalEnergies CEO, the energy company plans to invest $10 billion across multiple projects in Angola over the next five years. TotalEnergies will collaborate with major companies on a large-scale artificial intelligence earth science initiative to explore offshore blocks in Angola.

According to the EIA Short-Term Energy Outlook, the agency projects U.S. oil demand at 20.6 million barrels per day in 2026 and 20.8 million barrels per day in 2027, maintaining its previous forecast figures for both

According to EIA's Short-Term Energy Outlook, the organization revised down its 2026 global oil demand forecast to 102.6 million barrels per day, down from a previous estimate of 102.7 million barrels per day. The agency maintained its 2027 outlook at 105 million barrels per day, unchanged from

According to the U.S. Energy Information Administration (EIA), the agency raised its 2026 Brent crude price forecast to $91 per barrel today, up $4 from its prior estimate of $87. For 2027, the EIA forecasts Brent crude at $74 per barrel, raised $5 from the previous $69 outlook. The agency also

On Wednesday evening (Sept 9), ICE UK natural gas futures jumped 4.99% to 198.230 pence per therm, reaching a high of 201.120 at 22:18 Beijing time. TTF benchmark Dutch natural gas futures rose 1.78% to 79.076 euros per megawatt-hour, peaking at 80.512 euros during the same

The U.S. Energy Information Administration will release its monthly short-term energy outlook in approximately 10 minutes.

According to CNBC, Trump's investment account made 23 energy stock trades over the past six months, generating unrealized gains exceeding $1 million, a report from the Democratic staff of the U.S. Joint Economic Committee (JEC) revealed in August. The account held positions in nine major U.S. energ

According to U.S. CENTCOM, on September 9, the three major U.S. stock indices fell sharply amid escalating U.S.-Iran tensions and concerns over Middle East crude supply disruptions. The Dow Jones Industrial Average dropped 394.02 points (0.75%) to 52,392.05, the S&P 500 fell 28.72 points (0.37%) to

According to U.S. Central Command, the military destroyed 10 Iranian oil tankers today (September 9), with no American naval vessels hit during the operation. Iran's Foreign Ministry responded by stating it would make a resolute response to any U.S. military

According to Bloomberg, Dow Inc. is exploring an exit from Sadara Chemical Co., its joint venture with Saudi Aramco, where Dow holds a 35% stake. The partnership has absorbed more than $20 billion in total investment since its inception. In the fourth quarter of 2025, Sadara's integrated chemical co