Commodities (Crude Oil & Copper) & Macro Outlook

According to Germany's Federal Statistical Office (FSO), Germany's June consumer price index (CPI) came in at 2.3% year-over-year on July 10, matching preliminary estimates. The monthly reading declined 0.3% from May, while core CPI—excluding food and energy—rose 2.5%. The FSO attributed

According to IEA's monthly report, global energy demand declined by 4.8 million barrels per day in the second quarter.

According to the IEA's monthly report, global crude oil inventories rose in June for the first time in four months.

According to the International Energy Agency (IEA), the escalation of U.S.-Iran hostilities on July 7-8 may upend its forecast for significant oil supply surplus in 2027. The IEA stated that recent hostile actions could reverse market expectations of oversupply next year, which depend on improved

According to the International Energy Agency's latest monthly report, non-OPEC crude oil production is expected to increase by 2.2 million barrels per day in 2027.

According to IEA's latest monthly report, the agency revised its 2026 global crude oil supply deficit forecast to 860,000 barrels per day from the previously estimated 920,000 barrels per day.

According to IEA's monthly report, refineries responded more slowly than crude oil markets to the June reopening of the Strait of Hormuz, resulting in tighter fuel supply during the summer demand peak.

According to the IEA monthly report released in June, global oil demand is now forecast to decline by 1 million barrels per day in 2026, revised down from a previous estimate of 1.1 million bpd. Global oil supply is projected to decrease by 3.7 million bpd, compared to the prior forecast of 3.9 mill

According to the IEA monthly report, global oil supply is expected to increase by 7.5 million barrels per day in 2027.

According to the latest International Energy Agency (IEA) monthly report, OPEC+ increased crude oil production by 2.5 million barrels per day in June.

Meralco customers in the Philippines will pay P0.3428 more per kilowatt-hour (kWh) for electricity in July, with the overall residential rate rising from P14.4833 per kWh in June to P14.8261 per kWh. The increase is driven by higher fuel costs, the scheduled shutdown of the Malampaya natural gas

According to the International Energy Agency (IEA), the United Arab Emirates achieved record-high oil production of 4.1 million barrels per day in June.

According to the International Energy Agency's July report, global oil supply will decline by 3.7 million barrels per day in 2026, down from the previous forecast of 3.9 million barrels per day.

According to the IEA, global oil supply rebounded by 4.1 million barrels per day (BPD) in June, reaching 98.8 million BPD.

According to Jin10, International Energy Agency Director Fatih Birol urged the European Union to reconsider its ban on Arctic oil and gas drilling on July 10 following talks with Norway's finance minister in Brussels. "I support the EU Commission paying close attention to this issue, as it is

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