Commodities (Crude Oil & Copper) & Macro Outlook

The European Union and Brazil are establishing a strategic partnership on critical minerals, with the EU assisting Brazil in developing local rare earth processing capabilities in exchange for stable mineral supplies. EU International Partnerships Commissioner Jozef Sikela recently visited

According to JODI (Joint Organisations Data Initiative), Saudi Arabia's crude oil throughput at domestic refineries declined by 55,000 barrels per day in April, falling to 2.211 million barrels per day.

According to the Joint Oil Data Initiative (JODI), Saudi Arabia's oil product exports declined by 148,000 barrels per day in April, falling to 1.009 million barrels per day.

According to the Joint Organizations Data Initiative (JODI), Saudi Arabia reduced crude oil production by 651,000 barrels per day (bpd) in April, bringing output to 6.316 million bpd.

According to the Joint Organizations Data Initiative (JODI), Saudi Arabia's crude oil inventory declined by 12.678 million barrels in April, falling to 139.967 million barrels.

According to JODI (Joint Oil Data Initiative), Saudi Arabia's direct crude oil burning increased by 210,000 barrels per day in April, reaching 540,000 barrels per day.

According to the Joint Organizations Data Initiative (JODI), Saudi Arabia's demand for oil products increased by 434,000 barrels per day in April, reaching 2.577 million barrels per day.

According to JODI (Joint Organizations Data Initiative), Saudi Arabia's crude oil exports declined by 984,000 barrels per day month-over-month in April, falling to 3.99 million barrels per day.

The Kremlin confirmed it has held contacts with Serbia regarding the NIS (Naftna Industrija Srbije) oil company, though it declined to disclose specific details of the discussions.

According to JPMorgan Chase, oil price decline threatens European stock market profit growth in the second half of 2026, as the bank's head of European equity strategy Natalia Lipitskaya stated on June 22. If oil prices remain at current levels or decline further, the energy sector's profit

According to Tanker Trackers, Iran has exported 36 million barrels of crude oil since June 15 as of June 22.

According to Jin10 citing shipping intelligence firm Kpler, Asia's crude oil imports are forecast to reach 22.18 million barrels per day in June, up 9% from 20.35 million barrels per day in May. The June figure remains below the 26.76 million barrels per day average recorded in the three months

According to ANZ, Iraq's upstream deputy minister stated on June 22 that the country plans to restore crude oil production to 4.2–4.3 million barrels per day. ANZ forecasts that initial recovery within four weeks will reach approximately 2–3 million barrels per day, with Q3 2026 potentially

According to State Energy Investment Group, on June 22, the company announced preparations to ramp up coal production to meet peak summer electricity demand. China's National Climate Center forecasts higher-than-average temperatures and more high-temperature days this summer. The energy group will l

According to Fintech News, Taiwan Index Corporation (TIP) and ICE Intercontinental Exchange announced the NYSE TIP Global Rare Earth and Critical Resources Index on June 22, with Nomura Investment Trust launching the Nomura Global Rare Earth and Critical Resources ETF (009821), which listed on June

The United States and Iran agreed on a roadmap to reach a final deal within 60 days, according to mediators Qatar and Pakistan. A high-level committee established the framework after hours-long negotiations, with technical talks beginning immediately at Switzerland's Bürgenstock resort covering

According to Jin10, the Shanghai Futures Exchange released its warehouse receipts update on June 22, with the following major changes: International copper inventory fell 2,326 tons to 11,411 tons, copper (domestic) dropped 5,044 tons to 77,849 tons, and alumina surged 270,388 tons to 270,388 tons.

According to ECB Governing Council member Eskriba on June 22, the central bank must monitor potential wage impacts from rising energy costs driven by Middle East conflicts. He noted that energy cost increases are already transmitting to prices, citing higher transportation service costs observed at

U.S. natural gas futures rose more than 3% intraday on June 22, with prices currently trading at $3.330 per million British thermal units (MMBtu).