Commodities (Crude Oil & Copper) & Macro Outlook

According to Fitch, BP is expected to reach the lower end of its $14 billion to $18 billion net debt target by the end of 2026. While the Iran conflict poses limited operational impact to BP, Fitch anticipates the company's credit profile will benefit positively from rising oil and gas

According to the U.S. Energy Information Administration (EIA), U.S. jet fuel exports surged to a record high of 455,000 barrels per day last week, surpassing the previous peak set in early April. The increase reflects efforts to meet overseas demand amid global supply

According to Peru's Investment Promotion Agency, Peru's state oil company is set to receive $500 million in mid-June as the first tranche of a $2 billion financing package. The funding is provided by U.S. and European investment banks, which have expressed strong interest in supporting the

According to Bloomberg commodity data, CBOT soybean meal futures rose 2.92% during Wednesday's (May 13) New York closing session, while soybean oil fell 1.50%. Soybean futures gained 0.04%, trading at $12.2725 per bushel. CBOT corn futures rose 0.10%, while wheat futures declined 0.63%. Among

According to Jin10, Shanghai gold futures closed up 0.11% at 1,029 yuan per gram, Shanghai silver futures rose 3.38% to 21,741 yuan per kilogram, and SC crude oil futures fell 3.40% to 622 yuan per barrel at the overnight session close on May 14 at 2:30

According to Reuters, Brazil's government will announce an executive order to subsidize gasoline on Wednesday at 3 p.m. GMT, aiming to mitigate the impact of rising oil prices caused by Middle East tensions on consumers. The government will hold a press conference to detail measures designed to

According to China's Ministry of Natural Resources, the Lhobrak mining area in Tibet has discovered 783,000 tons of new chromite deposits, marking a significant breakthrough in deep exploration. In a separate discovery, explorers found a fourth type of chromite deposit in the Dongqiao region of Tibe

The Bank of Canada stated in its latest policy meeting minutes that members believe they can disregard the initial inflation shock from rising oil prices. However, if oil prices remain elevated for an extended period and continue to drive inflation higher, the

TP ICAP reported record annual revenue of £2.35 billion for the year ended 31 December 2025, up 6% at constant currency, driven by strong activity across over-the-counter financial markets and higher demand for risk management products. Adjusted earnings before interest and tax increased 10%

Libya's National Oil Corporation (NOC) plans to restart the Ras Lanuf refinery within one year, according to the state company's announcement. The facility is among Libya's critical oil infrastructure.

IMF Managing Director Kristalina Georgieva warned at a conference in Poznan, Poland that sustained high oil prices could trigger a global economic downturn. If crude remains between $120-130 per barrel through 2027, global economic growth could slow to 2%, marking a technical recession, she

According to Guru Club, on May 13, LME three-month aluminum touched $3,690 per ton, marking its highest level since March 2022. The contract rose 3.1% in the trading session.

According to traders, Russia's Far East Kozmino port is expected to increase ESPO blended crude oil exports to 4.3 million tons in May, up from 4.1 million tons in April.

SC crude oil futures main contract fell 2.00% intraday on May 13, now trading at 631.20 yuan per barrel.

China's commodity futures trading saw broad losses in the night session on May 13. LPG fell approximately 2.5%, while bottle flakes (PTA), ethylene glycol (EG), and paraxylene (PX) dropped over 1%. Fuel oil declined about 0.8%. Among gainers, coking coal rose approximately 0.8%, and natural

LMAX Group has launched Kiosk, a hosted portal enabling institutional clients to deposit digital assets into LMAX Custody and use them as collateral across multiple trading markets including spot foreign exchange, precious metals, contracts for difference, perpetual futures, and cryptocurrency tradi

According to the International Energy Agency (IEA), jet fuel exports from the Middle East to Europe plummeted in April, dropping from 330,000 barrels per day (bpd) in March to just 60,000 bpd, primarily due to the Iran war and effective closure of the Strait of Hormuz disrupting Persian Gulf

According to Jin10 Futures, JBS executives stated on May 13 that Brazil reached its beef export quota to China, which may lead to price declines benefiting domestic market sales. Additionally, Mexico's reopening of cattle ranching at the border could ease U.S. beef supply pressure in the near

According to Datagro, Brazil's ethanol output is forecast to reach a record 41.4 billion liters in the 2026/27 harvest year, with sugar production expected at 44.2 million tons. The country's sugarcane processing volume is estimated at 698 million tons. In the Central-South region, ethanol output i

According to U.S. EIA data, American oil imports from Venezuela rose to their highest level in the latest week since at least September 2024.