Commodities (Crude Oil & Copper) & Macro Outlook

According to Zimbabwe media reports, lithium producers on June 18 formally requested the government delay the 2027 lithium concentrate export ban through their association chairman Innocent Rukweza, speaking at the Zimbabwe Chamber of Mines annual conference in Victoria Falls. The producers seek to

According to i24News, Iran has required all vessels passing through the Strait of Hormuz to coordinate in advance, citing rising security risks and the need to prevent maritime accidents.

According to maritime intelligence firm TankerTrackers, Iran exported approximately 18 million barrels of crude oil over the past five days as of June 19, valued at $1.44 billion.

According to Iran's Strait of Hormuz management authority, on June 19, vessels that submit required applications are granted passage through the Strait of Hormuz based on a memorandum of understanding reached with the United

According to Kpler's latest report, approximately 118 oil-laden tankers remain stranded in the Persian Gulf as of June 19, waiting to transit through the Strait of Hormuz. Analysts estimate that clearing this backlog of vessels will require 10 to 15 days, despite the recent political-level

According to AXS Shipping Data, on June 18, 25 commercial vessels transited the Strait of Hormuz, marking the highest single-day traffic since mid-April.

Goldman Sachs maintained its forecast for natural gas prices in the second half of 2026 at €41 per megawatt-hour (MWh).

According to maritime data company AXS Shipping, 25 commercial vessels transited the Strait of Hormuz on June 18, marking the highest single-day traffic volume since mid-April.

According to Commerzbank, Europe's natural gas prices are expected to reach 45 euros per megawatt-hour by year-end 2026, down from the bank's previous forecast of 50 EUR/MWh.

According to trade sources, the Abu Dhabi National Oil Company (ADNOC) has launched its fourth crude oil tender for shipments scheduled between June and August. The tender covers crude oil supplies for the three-month

According to Bloomberg, 40 very large crude carriers (VLCCs) carrying approximately 80 million barrels of non-sanctioned crude oil from Persian Gulf producers (excluding Iran) are currently anchored in the Persian Gulf, awaiting instructions from traders and vessel operators to transit the Strait of

According to BlockBeats, on June 19, the U.S. Federal Energy Regulatory Commission (FERC) ordered the six major grid operators to expedite interconnection applications from data centers and other large power users. Grid operators must demonstrate that data centers can connect to the transmission

CATL subsidiary Yichun Times New Energy Mining received land use pre-approval from Jiangxi Natural Resources Department on June 18 for the Jianxiawo lithium mine project, with the license effective June 17, 2026 and valid until June 17, 2029. The approval follows the mine's shutdown on

China's Ministry of Commerce announced on June 19 that Australian beef imports under its safeguard measures reached 100% of the specified quota on June 18. Effective from 00:00 on June 20, beef imported from Australia will be subject to an additional 55%

According to Gate data, Brent crude oil recovered above $80 per barrel today, posting a 1.24% daily gain.

According to Morgan Stanley, on June 19, the bank's strategists downgraded the European energy sector rating from overweight to neutral amid declining oil prices and normalizing shipping through the Strait of Hormuz. Led by Marina Zavaclock, the research team removed six energy stocks from the bank'

According to Axios, on June 18, U.S. President Trump said his negotiations to reach a memorandum of understanding with Iran were designed to prevent conflict from triggering a global economic recession. Trump warned that continuing airstrikes on Iranian targets would close the Strait of Hormuz,

The US Commodity Futures Trading Commission (CFTC) announced on Thursday a permanent ban against Celsius Network founder Alex Mashinsky, prohibiting him from trading commodities, futures, and derivatives in the United States and from registering with the regulator. According to the court-approved co

WTI crude oil rose over 1% during intraday trading today, reaching $76.18 per barrel.

According to CME data on June 18, energy and precious metals futures posted divergent trading activity. Precious metals showed trading volume pullback but increased open interest, with gold and silver both declining in volume while copper saw deeper volume contraction. Meanwhile, WTI crude oil,