Commodities (Crude Oil & Copper) & Macro Outlook

According to MoneyDJ, USA Rare Earth completed a $1.55 billion capital raise on August 24, with $750 million from the U.S. government funding a special purpose vehicle for the Serra Verde Phase 1 project. The arrangement includes price floors for

Qatar has extended its force majeure suspension on liquefied natural gas supplies to Pakistan through October, according to trade reports. The extension suspends contractual obligations between the two nations regarding LNG

According to multiple trade sources, QatarEnergy sold at least 7 million barrels of various grades of Qatar crude oil this week for October shipment via tender. The cargo was priced at a premium of approximately 6-7 USD per barrel to Dubai crude on a free-on-board (FOB) basis and will be loaded via

According to Jin10, Argentina's oil production reached a record high of over 916,000 barrels per day in July, up 17.2% year-over-year, according to latest government data released on August 28. Bakambuerta oilfield was the primary driver of growth, producing over 643,000 barrels per day in July, a

According to Jin10, Indorama Ventures, Thailand's second-largest listed petrochemical company, reported on Aug 28 that a persistent supply surplus is beginning to ease amid supply disruptions and factory closures in the Middle East. CEO Alok Lohia stated that geopolitical tensions are disrupting

President Donald Trump hinted at potential sanctions on Chinese banks over Iran transactions, responding 'Who said I'm not?' when asked by reporters. The remark came two days after Treasury Secretary Scott Bessent announced Operation Economic Outcast on August 25, a sanctions expansion designating o

JPMorgan warned in a report published July 24 that global food prices face a 'compounding storm' driven by Middle East conflict and extreme weather patterns. The bank's report, titled 'Food Security is National Security,' projects global food inflation could reach approximately 5% on an annualized b

According to U.S. Central Command, American forces successfully removed mines laid by Iran's Islamic Revolutionary Guard Corps (IRGC) from international shipping lanes in the Strait of Hormuz on August 27, CENTCOM Commander Brad Cooper said in a video statement. Cooper stated that U.S. naval and

According to JPMorgan's July 24 report, the bank projects that global food inflation could reach roughly 5% on an annualized basis in the first half of 2027, nearly doubling from 2.8% in the same period in 2026. The forecast cites two primary pressures: Middle East geopolitical tensions that have di

According to TradingBeats monitoring, Polymarket trader "xm39" reversed its war-escalation bullish thesis on August 28, liquidating 1.759 million WTI crude oil contracts for $14.253 million at a $282,000 loss, then shorting crude this morning. The trader simultaneously reduced its "U.S. will

According to Jin10 Futures, Malaysia's benchmark palm oil futures for November delivery rose 1.1% on Friday morning, trading at 4,869 ringgit per ton on the Bursa Malaysia Derivatives Exchange. Despite the gain, the contract has declined 3.41% for the week, ending a three-week winning streak.

According to Goldman Sachs, oil exports from the Gulf region have fallen to approximately two-thirds of their pre-war level as of August 28.

According to Jin10 Futures, Japanese rubber futures fell on Friday as crude oil declined and tire demand weakened, though the main contract is still on track for a second consecutive weekly gain. The February contract on Osaka Exchange (OSE) closed at 443 yen per kilogram (USD 2.78), down 1.4 yen or

According to Jin10 Data, China's refined oil prices are set to increase on August 28 at 11 p.m. (Beijing time), with gasoline and diesel expected to rise by approximately 360 yuan per ton. Analysts from Zhuo Chuang and Jin Lian Chuang confirmed the upward adjustment. Data monitoring shows

According to U.S. Treasury Secretary Bessent, over the past 14 days, the United States has redirected 130 million barrels of oil from the Strait of Hormuz. Bessent stated that economic blockades and isolation measures will destroy Iran's already-fragile

According to U.S. media reports, the Trump administration rejected rejoining an agreement reached with Iran in June, causing SC crude oil futures to rise more than 4% during intraday trading on August 28.

According to Shanghai Steel United, battery-grade lithium carbonate (MMLC) midpoint pricing rose to 153,050 yuan/ton today, up 850 yuan/ton from yesterday's 16:30 close.

According to Jin10 data and shipping tracker Kpler, preliminary transit data published Friday showed that five bulk commodity vessels passed through the Strait of Hormuz on Thursday, down from 17 the previous day and below the 10-day average of 15 vessels. The five transiting ships included two

Korean government bond futures opened lower on August 28, with 3-year futures falling 5 ticks to 103.46 and 10-year futures dropping 34 ticks to 105.99, according to Yonhap Infomax. The decline followed a slight rise in US Treasury yields overnight and market digestion of the September government bo

According to Okasan Securities economist Ko Nakayama, Tokyo's August consumer prices rose 1.9% year-over-year on August 28, up from 1.8% in July, reflecting mounting cost pressures from Middle East-driven oil price increases. Daily household goods including tissue paper, plastic bags, and food