Commodities (Crude Oil & Copper) & Macro Outlook

According to the Indian government, India's crude oil production declined 4.6% year-over-year in May, while natural gas output fell 4.9% over the same period.

According to Xinhua, U.S. Vice President Vance stated on June 22 that should the United States agree to unfreeze Iran's assets, the funds could potentially be used to purchase American soybeans, corn, and

Chevron and Microsoft have signed a 20-year agreement for Chevron to supply natural-gas fired power for Microsoft's proposed $7 billion data center campus in West Texas.

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.

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