Commodities (Crude Oil & Copper) & Macro Outlook

India extended a duty-free tariff policy on 1 million tons of imported sugar through December 31, 2026, according to official sources. The policy exemption allows sugar imports to enter the country without customs duties during the extended

American Airlines (NASDAQ: AAL) reported $16.3 billion in third-quarter revenue on October 22, a 19.3% increase from last year, but soaring fuel expenses forced the carrier to abandon its remaining hopes of an adjusted profit in 2026. Fuel costs increased $1.9 billion, or 67.5%, during the quarter,

According to Brazil's state oil company PPSA, eight major mining, steel, and petrochemical companies including Vale, CSN, Gerdau, Braskem, Samarco, Ternium Brasil, Evonik, and Ingredion secured natural gas supply in an auction held Thursday. The auction marked PPSA's first direct sale of

Kalshi Inc. recently submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch a crude oil futures contract that expires only once every 10 years. The contract would trade 24 hours a day, five days a week, and is designed to address regulatory concerns while

On Oct. 22 (Thursday), Brent crude jumped 2.6% to $111.66 a barrel, its highest level in five months, as the Nasdaq fell 1.5% and the S&P 500 lost 0.8% by mid-morning in New York. The selloff extended across Asia: South Korea's Kospi fell 3.52%, Japan's Nikkei 225 dropped 2.65%, and Hong Kong's

According to Reuters and three sources, at a recent earnings call Nickel Industries' executive Justin Werner stated that all operations within Indonesia's Morowali Industrial Park (IMIP) will implement coordinated production cuts, though he did not disclose the specific percentage. The company

According to Chile's Finance Minister Jorge Quiroz speaking at the Enagro 2026 agricultural conference on Wednesday, the country's mining output is now projected to contract 8%-9% this year, down from his previous estimate of around 7%. The revised downward forecast underscores deepening

According to ICE data, on Thursday (Oct 22) European natural gas futures surged in the closing session. ICE UK Natural Gas futures climbed 4.01% to 223.850 pence per therm, reaching an intraday high of 225.280 pence at 21:13 GMT, surpassing Oct 20's peak of 222.600 pence. TTF Dutch Natural Gas futur

President Donald Trump accused Iran of fabricating attacks and mine-laying incidents on October 22. Trump stated Iran is doing everything in its power to drive up global oil prices ahead of the U.S. midterm elections. The accusation was made via social media without specifying which incidents Trump

According to state media, UK Prime Minister Keir Starmer approved the North Sea Raven gas field project on October 21, stating the decision strengthens energy security and is "a pragmatic approach." Starmer said the government will need to rely on oil and gas in coming decades despite the 2050

According to British Prime Minister Keir Starmer, the UK government approved the North Sea Jackdaw gas field project on October 21, aiming to strengthen energy security. Starmer stated that despite the UK's 2050 net-zero target, natural gas remains necessary in coming decades, and domestic

According to Guru Club, on October 22, the Indian government extended the deadline for duty-free sugar imports of 1 million tons to December 31.

U.S. President Donald Trump accused Iran today of fabricating false attacks, laying mines, and staging other events to artificially inflate oil prices.

According to Citi, shipping bottlenecks in the Persian Gulf kept oil delivery costs elevated in September despite export normalization, with risks skewed to the upside. Over 1 million barrels per day of Gulf crude was completed via ship-to-ship transfers, accounting for approximately 7.5% of

According to Jin10 Futures, China imported 4 million tons of Australian cotton in September, down 42.2% year-over-year and 32.7% month-over-month, accounting for 74% of total imports. Brazilian cotton imports fell sharply to 0.4 million tons (7% share), declining 70.9% year-over-year, while U.S. cot

Israel announced sanctions on Oct 22 against Coral Oil Co. Ltd., a UK-registered fuel supplier accused of providing fuel to Lebanese militant group Hezbollah. The entity was designated as a target for financial restrictions by Israeli

At market close on October 22, China's domestic commodity futures largely advanced. Low sulfur fuel oil (LU) led gains with a surge exceeding 3%, while fuel oil and propylene rose over 2%, and soybeans climbed nearly 2%. Liquefied petroleum gas, polypropylene, synthetic rubber, and coking coal

Russian officials recently urged the European Union to reverse its planned ban on importing Russian liquefied natural gas, citing Europe's depleting gas reserves, rising prices, and growing dependence on global LNG suppliers. According to Russian presidential envoy Dmitriyev, the Nord Stream

On US Stock Market News today, major indices opened lower amid declines in technology stocks and rising oil prices linked to geopolitical tensions. The Dow Jones Industrial Average shed 218 points, down 0.4%, the S&P 500 lost 0.9%, and the Nasdaq Composite declined 1.5%. This decline in Stock Market

According to Insights Global, the Amsterdam-Rotterdam-Antwerp (ARA) hub's fuel oil inventory fell to 930,000 tons as of Oct 22, down from 938,000 tons the previous week. Jet fuel inventory declined to 461,000 tons from 494,000 tons week-over-week. Notably, gasoline inventory dropped more sharply to