Commodities (Crude Oil & Copper) & Macro Outlook

According to Alberta Wildfire, wildfires in Canada's oil sands region are advancing within 20 kilometers of a major oil-producing zone that outputs approximately 500,000 barrels per day. Six uncontrolled fires are spreading in the Lac la Biche area, home to some of Canada's largest in-situ oil sands

According to Iran's Mehr News Agency, the Iranian Armed Forces' Hatam al-Anbia Central Headquarters announced yesterday that Iran will implement full management of shipping through the Strait of Hormuz. All commercial vessels, oil tankers,

According to the Commodity Futures Trading Commission (CFTC), speculators increased their net short positions in U.S. Treasury futures by 20,577 contracts during the week ended May 26, bringing total net shorts to 199,251 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators reduced their net long positions by 19,186 contracts during the week ended May 26, bringing the total to 91,163 contracts.

Inflation around the globe is becoming a dominant factor in financial conduct, and energy markets are significant contributors to this phenomenon. The changes in oil prices have an impact on the cost of production, and in most cases, they can cause inflation in most economies. Therefore, the

India's government announced that effective June 1, the tariff on diesel exports will be set at 13.5 rupees per liter.

According to the Indian government, India will impose an export tariff of 1.5 rupees per liter on gasoline starting June 1, 2026.

According to Jin10 Data, on May 30 at 2:30 closing, Shanghai Gold (Au) futures closed up 1.61% at 996 yuan/gram. Shanghai Silver (Ag) futures rose 0.64% to 18,323 yuan/kilogram. SC Crude Oil futures fell 1.61% to 580

According to the Intercontinental Exchange, week ending May 26, Brent crude oil speculators reduced net long positions by 56,568 contracts, bringing the total to 278,720 contracts.

The policies of global oil markets affect the stability of the worldwide economy and determine its inflation patterns. Oil choices have spillover effects across all large industries because production and transport incur costs that are influenced by energy prices. Financial markets are changing

U.S. natural gas rig count held steady at 125 in the week ending May 29, unchanged from the prior week.

The U.S. total rig count rose to 562 for the week ending May 29, up from 558 in the prior week.

The U.S. oil rig count for the week ending May 29 will be released within the next ten minutes.

According to the U.S. Energy Information Administration, U.S. gasoline demand rose 1.0% year-over-year in March to 8.853 million barrels per day, reversing a 1.1% decline recorded in February.

According to the U.S. Energy Information Administration, American distillate fuel oil demand rose 0.3% year-over-year in March to 3.904 million barrels per day, down from February's 5.4% growth rate.

According to the U.S. Energy Information Administration, American oil demand reached 20.383 million barrels per day in March, up 2.2% year-over-year compared to the same period in 2025. This represents a slowdown from February's growth rate

According to the AAA, on May 30, U.S. gasoline averaged $4.35 per gallon, down 4 cents from the previous day and 17 cents from a week prior, but remains 46% higher than levels before the Iran conflict. The geopolitical tensions have disrupted global oil supply, with concerns over

According to the U.S. Energy Information Administration, U.S. refinery output fell to 3.9 million barrels per day in March, marking the lowest level since December 2025.

According to the U.S. Energy Information Administration, U.S. gasoline exports fell to 0.803 million barrels per day in March from 0.865 million barrels per day in February, representing a 7.2% month-over-month

According to the U.S. Energy Information Administration (EIA), U.S. refined petroleum product exports rose to 3.409 million barrels per day in March, up from 2.986 million bpd in February.