U.S. Vice President Vance: Negotiations on Greenland are in the very early stages.

[Futures Hotspot Tracking] A leading global palm oil producer warns that drought in Malaysia may suppress its first-quarter palm oil production growth, potentially easing inventory pressure.

Energy: 1. U.S. Maritime Administration: U.S. ships should stay away from Iranian waters as much as possible. 2. Mexican President Sinbaum: Oil shipments to Cuba are currently suspended. 3. Qatar's LNG expansion project has been postponed to the end of the year, potentially continuing global supply shortages. 4. Global crackdown on "shadow fleets" expands; the U.S. intercepted Venezuelan-linked oil tankers in the Indian Ocean. 5. Sources say Venezuelan crude oil production has approached 1 million barrels per day after returning to pre-production cut levels. 6. U.S. Energy Secretary Wright plans to visit Venezuela, insisting that ousting Maduro is "not about oil, but about geopolitics." 7. Vitol Group postponed its peak global oil demand forecast to the mid-2030s, expecting it to reach approximately 112 million barrels per day. 8. Indian Ministry of External Affairs: Seeking to maintain diversified crude oil supply sources and will further promote diversification based on demand. 9. A Syrian government delegation is prepared to take over the Rmeilan oil field from the Syrian Democratic Forces (SDF). 10. According to shipping schedules, Azerbaijan's crude oil exports from Ceyhan port in March are set at 14.95 million barrels, compared to 14.52 million barrels in February. 11. The effects of US sanctions are becoming apparent, with Russian crude oil production continuing to shrink. Average daily production in January was 9.28 million barrels, a further decrease of 46,000 barrels per day month-on-month. 12. In its 20th round of sanctions against Russia, the EU proposed for the first time to include ports in third countries within the scope of sanctions and proposed sanctions against 43 new vessels (mainly oil tankers) in Russia's shadow fleet. 13. Sources indicate that as of February 8, production at the Tengiz oil field in Kazakhstan, led by Chevron (CVX.N), had recovered to approximately 60% of peak production (approximately 550,000 barrels per day). The oil field plans to recover to its peak production of 120,000 tons per day by February 23. Metals/Mining: 1. Commodity trader Mercuria: Purchased copper and cobalt for the first time from the Congolese Cobalt Corporation (EGC). The cathode copper is intended for shipment to the US, UAE, or Saudi Arabia. 2. Mexican President Sinbaum: No critical mineral agreement signed with the US. Agreed to begin negotiations with the US on critical minerals. Mexico will search for critical minerals independently. The government is working to reclaim more than 200 mining concessions. 3. US copper inventories hit a multi-decade high, with estimated total reserves reaching 1 million tons.