May 13, 2026 9:32 am
Key Moments Europe’s share of LNG imports sourced from the United States rose to 63% in the first quarter, and is projected to reach roughly two-thirds in 2026. IEEFA projects Europe could obtain up to 80% of its LNG from U.S. suppliers by 2028 or 2029 as Middle East disruptions tighten the global market. Despite […]
Read moreMay 13, 2026 9:14 am
Key Moments The International Energy Agency now projects a 3.9 million bpd drop in global oil supply in 2026, assuming Strait of Hormuz flows gradually resume from June. The IEA forecasts world oil supply to undershoot demand by 1.78 million bpd in 2026, reversing its prior expectation of a 0.41 million bpd surplus. WTI Oil […]
Read moreMay 13, 2026 9:01 am
Key Moments Aluminium alloy 2607 futures retreated from intraday highs and settled at RMB 23,255 per tonne after overnight volatility. SHFE registered cast aluminium alloy warrants reached 33,884 tonnes on May 12, an increase of 237 tonnes from the prior trading day. Import ADC12 offers stayed elevated at USD 3,320-3,400 per tonne, with theoretical import […]
Read moreMay 13, 2026 8:30 am
Key Moments Copper prices climbed almost 2% to fresh record levels, driving broad gains across mining equities. Antofagasta PLC (LSE:ANTO), Anglo American PLC (LSE:AAL), Rio Tinto Ltd (LSE:RIO) and Glencore PLC (LSE:GLEN) all advanced more than 3% among FTSE 100 constituents. Supply constraints, including sulfuric acid shortages and export restrictions, have intensified an already tight […]
Read moreMay 13, 2026 8:21 am
Key Moments WTI futures on NYMEX trade around $97.20 during Wednesday’s European session after giving back part of earlier gains. Hotter-than-expected April US CPI data at 3.8% YoY boosts expectations for a more hawkish Federal Reserve, weighing on demand prospects for oil. Concerns about a prolonged disruption in the Strait of Hormuz due to stalled […]
Read moreMay 13, 2026 7:38 am
Key Moments Gold (XAU/USD) has been trading with a negative tone for a second consecutive day, unable to build on a rebound from multi-day lows around $4,638. Stronger-than-expected US CPI data lifted US rate hike expectations and pushed US Treasury yields higher, supporting the US Dollar and weighing on gold. Elevated US-Iran tensions and stalled […]
Read moreMay 13, 2026 7:03 am
Spot Gold extended its slide on Wednesday after the latest US inflation figures dampened hopes of Federal Reserve interest rate cuts. Uncertainty in the Middle East also weighed on the metal. The backdrop in the region remains unsettled following recent remarks by US President Donald Trump, who stated that Iran was “under control”, but warned […]
Read moreMay 13, 2026 6:08 am
Key Moments XAG/USD has risen for six consecutive sessions, trading near $86.80 per troy ounce during Asian hours on Wednesday. Persistent tensions around the Strait of Hormuz and elevated oil prices threaten to lift inflation and pressure Silver as a non-yielding asset. Stronger April CPI data at 0.6% month-on-month and 3.8% year-on-year has reinforced expectations […]
Read moreMay 12, 2026 2:26 pm
Key Moments The latest Monthly Energy Review from the EIA reported that total U.S. energy production in 2025 rose 3.4% from the prior record set in 2024. U.S. crude oil output reached an all-time high of 13.6 million barrels per day, a 3% increase compared with a year earlier. Persistent strength in U.S. production coincides […]
Read moreMay 12, 2026 1:48 pm
Key Moments Aluminum trades above $3,500/t. Analysts now see $4,000/t on the horizon as a 1.4Mt deficit builds. The Iran war and the Strait of Hormuz closure have cut exports. As a result, global supply has tightened. Speakers at the summit said priorities are shifting. Security of supply now matters as much as decarbonization. Supply […]
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