Commodities (Crude Oil & Copper) & Macro Outlook

The USD-JPY exchange rate rose on the Tokyo foreign exchange market on July 13, climbing 0.19% from the previous session to trade at 162.031 yen as of 1:46 PM, according to Yonhap Infomax. The yen weakened as geopolitical risk-driven dollar buying intensified following renewed escalation in

According to data from Kpler, the European Union imported a record 9.89 million tons of liquefied natural gas from Yamal LNG, the Arctic project controlled by Russian private company Novatek, in the first half of 2026, up 18% year-over-year. France, Belgium, and Spain were the main buyers. The EU

According to Guru Club, Live Hog futures fell below 12,000 yuan per ton on July 13, declining 2.84% intraday.

Iran's Islamic Revolutionary Guard Corps (IRGC) announced strikes on US military targets in Jordan, Bahrain, and Kuwait on the 13th, according to Iran's state-run IRNA news agency. The IRGC stated the attacks targeted Prince Hassan Air Base in Jordan, a US drone command center in Bahrain, and

According to Gate data, WTI crude oil broke through $75 per barrel today, rising 4.88% intraday.

According to Jin10, South Africa's Ministry of Mineral Resources and Energy (DMRE) announced a policy draft on July 9 to increase strategic oil reserves by 10 million barrels to address current inventory gaps. The proposed reserves would total approximately 36 million barrels, covering 60 days of

Kuwait set the official selling price (OSP) for ultra-light crude exports to Asia in August at a discount of $5 per barrel to the Oman/Dubai average.

China's A-share oil and gas sector surged this afternoon (July 13). Shandong Molong approached the daily price limit, while Science Energy, Tongyuan Petroleum, China National Offshore Oil Corporation (CNOOC), and Blue Flame Holdings advanced in

According to Bloomberg's Kpler analysis, vessels transiting the Strait of Hormuz have been disabling their transponders amid renewed U.S.-Iran tensions, with visible shipping activity declining sharply. Six bulk carriers that passed through the waterway last Sunday all had their Automatic

According to Jin10 data from July 13, European jet fuel inventories totaled 38 million barrels as of early June, covering less than 30 days of demand, according to Energy Aspects data released June 18. With escalating Middle East tensions increasing supply disruption risks, the U.K., France, and

According to Russian state news agency TASS and U.S. military statements, Iran's Islamic Revolutionary Guard Corps announced on July 13 that it had conducted missile and drone attacks on a U.S. Air Force base in Jordan, triggering fires in ammunition depots and fuel storage tanks. The Guard Corps

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Philippine Energy Secretary Sharon Garin announced on July 13 that diesel prices will increase by P2.62 to P4.62 per liter starting July 14, marking another week of upward pressure on fuel costs. The price adjustments, covering the period from July 14 to 20, also include kerosene increases of P2.22

According to Rappler, the Philippines' Department of Energy announced on July 13 that diesel prices will rise by P2.62 to P4.62 per liter starting Tuesday, July 14. Energy Secretary Sharon Garin also set permitted price ranges for gasoline (decrease of P1 or increase of up to P1 per liter) and

According to Jin10 Futures, Zhengzhou rapeseed meal futures opened lower and declined with volatility on July 13. Canadian canola futures surged over 5%, driven by excessive prairie rainfall and European heat waves threatening crop growth. Strength in Chicago soybean and soybean oil futures, along w

According to Yonhapinfomax, South Korean government bond yields rose on July 13, with the 10-year benchmark yield climbing 4.1 basis points to 4.277%. The 3-year benchmark yield increased 4.3 basis points to 3.813%. The gains were driven by elevated U.S. Treasury yields in Asian trading, a

According to Financial Times, Australia has become one of China's fastest-growing battery export markets as it transitions toward renewable energy. In March, the country's new battery installations accounted for nearly 10% of global capacity, with an average of approximately 2,000 residential batter

According to Mohamed El-Erian, Allianz chief economist, weekend clashes between the United States and Iran have intensified, testing the market consensus that a full-scale military conflict will not occur. On July 12, El-Erian said on X that the recent escalation could shake existing market

According to Goldman Sachs, effective global oil pipeline transmission capacity is expected to increase by 3.8 million barrels per day by the end of 2027, with cumulative gains reaching 7.3 million barrels per day by the end of 2028.

Japanese stock indices rose in morning trading, with the Nikkei 225 gaining 238.68 points (0.35%) to 68,796.41 and the Topix advancing 26.78 points (0.66%) to 4,062.86 at 9:19 AM. The gains followed strength in US artificial intelligence and semiconductor stocks on the 10th (local time), which