Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to Shanghai Futures Exchange, copper inventory decreased by 22,406 tons this week. Aluminum inventory fell 24,229 tons, while zinc inventory rose 952 tons and lead inventory increased 858 tons. Nickel inventory declined 2,525 tons, and tin inventory dropped 351 tons. Natural rubber invento

Milo McBride, a researcher at the Carnegie Endowment for International Peace, warned on 10日 that South Korean battery companies risk losing their global number-two position during a seminar titled 'Energy Security Risk and Battery Supply Chain Strengthening Strategy' held at the National Assembly

According to a seminar held at South Korea's National Assembly on July 10, Carnegie Endowment researcher Mylo McBride warned that South Korea is at risk of losing its position as the world's second-largest battery producer. In non-China markets, China's share surged to 50% in 2025 from 41% in 2024,

According to Jin10 Futures, Shanghai Futures Exchange pulp warehouse inventory increased by 3,428 tons to 297,216 tons on July 10, compared with the previous trading day. Factory warehouse pulp inventory remained unchanged at 20,000 tons. Other energy and chemical futures contracts, including

According to Jin10, Brazil's executive management committee of the External Trade Board decided on July 9 to extend the 12% crude oil export tax for an additional 60 days, effective July 10. The tax was originally implemented in March as a temporary measure to mitigate the impact of international oi

According to Guru Club, live hog futures main contract prices rose 2% on July 10, trading at 12,445 yuan per ton.

POSCO Group announced that its subsidiary POSCO International signed a business agreement with Newcom, a leading Mongolian energy and infrastructure company, in Ulaanbaatar on the 9th for energy project cooperation. The partnership aims to support Mongolia's energy transition initiatives. Mongolia i

According to Yonhap Infomax, POSCO International signed a memorandum of understanding with Newcom, a leading Mongolian energy and infrastructure company, on July 9 in Ulaanbaatar to collaborate on energy transition projects. The partnership will focus on a staged implementation of

According to South Korea's Ministry of Climate and Energy, the ministry signed agreements with 9 energy companies on July 10 to launch a distribution network energy storage system (ESS) project aimed at resolving renewable energy curtailment and grid connection issues in Honam and Jeju regions.

South Korea's Ministry of Trade, Industry and Energy announced on the 10th that Minister Kim Jung-kwan met with Mongolia's Minister of Industry and Mineral Resources Gungur Damdinyam in Ulaanbaatar to discuss strengthening critical minerals cooperation. The meeting focused on expanding tungsten