Commodities (Crude Oil & Copper) & Macro Outlook

According to Saudi Aramco CEO Amin Nasser, the company is negotiating with foreign governments to secure access to their strategic oil reserves, aiming to enhance supply resilience during disruptions. Nasser stated that while commercial storage capacity from partners is limited, significantly

According to Iran's Supreme National Security Council Secretary Razi, on October 22, all should understand that actions against Iran carry a cost. He stated Iran prefers diplomatic resolution if consensus can be reached, but possesses necessary means to continue responding if conflict persists. Raz

According to Reuters, Chinese buyers purchased approximately 1 million tons of Australian canola seeds in recent transactions on October 22, with prices around $695-705 per ton cost and freight (C&F) to China, set to arrive in early 2027. Beijing-based commodity brokers noted that Australian canola

According to Shanghai Futures Exchange, warehouse receipts for multiple commodity futures contracts showed mixed movements on October 22. Aluminum futures receipts declined 5,460 tonnes, copper fell 3,427 tonnes, and lead decreased 2,742 tonnes. Other notable declines included 20 rubber at 2,419 ton

According to Nomura Securities strategist Naka Matsuzawa, on October 22, U.S. technology company credit risks and French sovereign credit stress exhibit similarities to market conditions preceding the 2000 internet bubble and 2008 financial crisis. Within Nomura's "ten-year credit cycle"

According to Libya National Oil Corporation, unauthorized individuals reportedly entered a crude oil receiving station near the Zawiya refinery and shut down pipeline valves, the company stated.

According to Jin10, Russian President Vladimir Putin's envoy Kirill Dmitriev said on Oct 22 that the Nord Stream underwater gas pipeline, damaged by explosions in 2022, will resume operations in the future. "From an economic standpoint, this is inevitable," Dmitriev stated at an economic forum in

According to Singapore's Economic Development Board (EDB), middle distillate inventories fell by 2.072 million barrels to 8.305 million barrels, their lowest level in four weeks, as of October 21.

According to Singapore Economic Development Board, Singapore light distillate fuel oil inventories fell 2.835 million barrels to 1.0971 billion barrels during the week ending October 21, marking a three-week

According to LSEG data, French over-the-counter power prices dropped 47.8% on October 21, falling to €80 per megawatt-hour.

Brent crude oil rose $2.01 intraday on October 22, reaching $108.40 per barrel, representing a gain of 1.88%.

According to Morgan Stanley's report, Middle East crude oil exports last week were preliminarily estimated at 17 million barrels per day, roughly 94% of pre-war levels, including shipments bypassing the Strait of Hormuz. Saudi Red Sea exports reached 3 million barrels daily, with approximately 75% f

According to Jin10 Futures citing Chinese customs data, China's methanol exports surpassed 1 million tons for the first time in 16 years as of October 20, 2026. The surge was driven by Middle East geopolitical tensions, including periodic Strait of Hormuz disruptions, which tightened global methanol

According to the Panama Canal Authority (announced Oct. 20), the Canal handled a record 521 million tons of cargo in the fiscal year ending September 30, 2026, surpassing the previous high of 518 million tons set in fiscal 2022. Nearly 14,000 vessels transited the Canal during the period. The

According to a Goldman Sachs report released on October 22, global average crude oil shipping costs have soared from approximately $3 per barrel a year ago to $20 or more, with Middle East key routes exceeding $35 per barrel. War risk premium from the Strait of Hormuz crisis accounts for $7 per barr

US Stock Market News for October 22, 2026 showed sharp declines as investors digested potential geopolitical developments and energy market pressures. At the time of writing, Nasdaq 100 futures crashed by 450 points or 1.50% to trade at 29,558.25, while Dow Jones futures dropped by 200 points or 0.4

According to Kpler, Asia's liquefied natural gas arrivals are expected to reach 23.31 million tonnes in October, marking the strongest performance since July's 23.38 million tonnes.

According to Jin10 data and vessel tracking information, India's crude oil imports from the Middle East surged to pre-war levels in September, as refiners capitalized on increased shipments through the Strait of Hormuz. Concurrently, Indian refiners cut purchases of Russian crude due to

According to Russian Deputy PM Novak, the first Russian diesel tanker planned to depart for the United States on October 22, with Moscow potentially resuming full diesel exports by year-end. In separate developments, the Joint Oil Data Initiative (JODI) reported that Saudi Arabia's crude oil