Energy:
1. my country leads the development and release of five international standards for natural gas.
2. Hungarian candidate for Minister of Economic and Energy Affairs, Kapitanjani, stated that Hungary has no intention of abandoning oil and gas imports from Russia.
3. Trump seeks to suspend the federal gasoline tax; senators respond with a bill to suspend the fuel tax for 90 days.
4. According to Japan's Ministry of Economy, Trade and Industry, an oil tanker carrying Azerbaijani crude oil will arrive at the Negishi refinery in Yokohama, Kanagawa Prefecture on the 12th.
5. Woodside Energy reports that the long-delayed Brouss LNG project is expected to cost A$48.7 billion.
6. A report by Aurora Energy shows that by 2030, the installed capacity of renewable energy and battery storage in Europe is expected to surge by more than 450%.
7. Swiss engineering group ABB announced on Monday that it will invest approximately $200 million to expand its production of medium-voltage grid equipment in Europe. 8. Thai Oil Pcl, Thailand's largest oil refiner, is looking to Africa and the Americas for crude oil sourcing, aiming to reduce its dependence on the Middle East.
9. Saudi Aramco CEO Nasser: If needed, we can expect to reach maximum sustainable oil production capacity of 12 million barrels per day within three weeks. The market already has a supply gap of approximately 1 billion barrels of oil.
10. JPMorgan Chase: It projects an average oil price of $96 per barrel in 2026, with prices of $103, $104, and $98 per barrel in the second, third, and fourth quarters, respectively.
11. Saudi Aramco CEO: If the Strait of Hormuz remains closed, global crude oil supply could decrease by approximately 100 million barrels per week. If the reopening is delayed by several more weeks, the recovery of market supply and demand may be postponed until 2027. Maximum sustainable oil production capacity of 12 million barrels per day is expected to be reached within three weeks.
12. The US will release 53.5 million barrels of crude oil between June and August to suppress prices.
13. Australian energy producer Santos announced it will proceed with the Agogo Connect project in Papua New Guinea after receiving approval for its 39.9% stake in the PNG LNG joint venture.
Precious Metals and Mining:
1. Peru, the world's third-largest silver producer and ninth-largest gold producer, issued an emergency decree regarding the energy crisis.
2. A senior Peruvian diplomat stated that Peru is currently negotiating with India on key mineral trade issues.
3. Indonesia postponed its plans to increase mining royalties and export taxes.
4. Indian government sources stated there are currently no plans to raise import tariffs on gold and silver.
5. India is reportedly considering restricting gold imports and raising fuel prices to salvage its foreign exchange reserves.
6. Zimbabwe's sovereign wealth fund is seeking $250 million to boost gold production.
Iran Situation:
1. Britain and France will hold a meeting to discuss resuming shipping in the Strait of Hormuz.
2. US media: Trump is considering resuming military action against Iran; US officials questioned the efficiency of Pakistan's communication. 3. US media reports that the UAE launched an airstrike on an Iranian oil refinery in early April.
Other:
1. The Trump administration postponed its plan to lower tariffs on imported beef.
2. Hedge funds are betting on biofuels in hopes of profiting from oil price shocks.
