Commodities (Crude Oil & Copper) & Macro Outlook

According to the IEA monthly report, Russia's oil product exports fell to 2.2 million barrels per day in April, down 340,000 barrels per day from March, marking the lowest level on record. The decline was driven by a gasoline export ban and reduced refinery utilization rates, the International

According to the IEA's April monthly report, OPEC+ crude oil supply decreased by 830,000 barrels per day in April.

According to its monthly report, the International Energy Agency revised its second-quarter oil demand forecast to a decline of 2.45 million barrels per day, raising the downward adjustment from its previous estimate of 1.5 million barrels per day.

According to the International Energy Agency (IEA), the market report originally scheduled for June release and containing 2031 forecasts has been postponed. The report's new release date was not disclosed.

According to the IEA monthly report released on May 13, the organization projects that OPEC+ member countries' oil production will decline by 4.7 million barrels per day in 2026.

According to the International Energy Agency (IEA) on Wednesday, global oil inventories declined at a record pace in April amid ongoing Middle East supply disruptions related to Iran. Crude and refined oil stocks fell by nearly 4 million barrels daily in April—equivalent to the combined

According to IEA's monthly report, non-OPEC+ oil production is forecast to increase by 820,000 barrels per day in 2026.

According to the International Energy Agency's monthly report, transport flows through the Strait of Hormuz are expected to gradually resume starting in June, based on the agency's baseline assumptions.

According to the IEA monthly report, global oil supply declined by 1.8 million barrels per day in April, falling to 95.1 million barrels per day. The decrease marks a further contraction in global oil output.

According to the International Energy Agency's (IEA) monthly report on May 13, OPEC's spare production capacity has fallen to a historic low of 170,000 barrels per day.

According to the International Energy Agency (IEA), global oil supply is expected to decline by 3.9 million barrels per day in 2026 due to supply disruptions caused by the Iran war, while demand is projected to fall by only 420,000 barrels per day. The Middle East has already lost more than 1

According to Fujairah Petroleum Industry Zone data, refined oil inventories at the Fujairah port fell by 4,000 barrels to 6.497 million barrels for the week ending May 11. Light distillates declined 20,000 barrels to 2.531 million barrels, while middle distillates rose 1,000 barrels to 1.129 million

Sweden's Finance Minister announced today that the Swedish government will introduce a 17.5 billion SEK energy crisis assistance package.

The International Energy Agency (IEA) will release its monthly crude oil market report in about 10 minutes.

According to financial media reports, LME copper surged to approximately $14,100 per ton on Tuesday, up about 1%, gradually approaching the record high of over $14,500 per ton set in January. The rally reflects multiple factors: recovering demand from China and tight sulfur supply—sulfuric acid

According to Japan's Kyodo News, partial production of Marole biscuits, a specialty snack from Kochi Prefecture, has been suspended on May 13 due to naphtha shortage triggered by deteriorating Middle East tensions. The production halt stems from delivery delays or complete interruption of

According to Nikkei, Idemitsu Kosan, one of Japan's largest oil companies, expects the Hormuz crisis to ease in July, with oil prices returning to pre-crisis levels by early next year.

According to Shanghai Futures Exchange data released on May 13, warehouse inventory levels in the energy and chemicals sector showed mixed movements. Pulp futures warehouse inventory increased to 206,047 tons, up 4,470 tons from the previous trading day. Coated paper futures factory warehouse invent

According to 金十数据, Saudi Aramco is considering plans to raise over $10 billion by selling its real estate assets today (May 13), including a major headquarters complex in Saudi Arabia's Eastern Province. According to sources familiar with the matter, the oil giant has initiated preliminary

According to Indonesia's Finance Minister Purwanto, on May 12, Indonesia plans to launch a new round of electric vehicle subsidies starting June 2026 in response to elevated global oil prices driven by Middle East tensions. The government aims to reduce reliance on fossil fuels and lower import