Energy:
1. India raises commercial LPG prices.
2. Macron claims French Navy intercepted an oil tanker in the Atlantic.
3. Japan's Ministry of Finance: Foreign exchange market intervention amounted to 11.7 trillion yen between April 28 and May 27.
4. Japan's naphtha production fell 22.8% year-on-year in April. Japan's crude oil imports in April hit a record low.
5. Indian government officials: The government has asked fuel retailers in all states to establish storage facilities sufficient for 30 days of liquefied petroleum gas (LPG) demand.
6. Preliminary plans indicate that Nigeria's exports of its four main crude oil grades are expected to average 847,000 barrels per day in July, compared to 827,000 barrels per day in June.
Precious Metals and Mining:
1. Goldman Sachs: Raises its year-end 2026 LME copper price forecast to $13,735 per tonne.
2. Citigroup: Raised its near-term copper price forecast to $14,500/ton, with a 6-12 month target of $15,000/ton.
Agriculture:
1. Spain called on the EU to allocate billions of euros to mitigate the impact of soaring fertilizer prices on farmers.
2. The Ukrainian Grain Association stated that Ukraine may export 17 million tons of wheat, 2.2 million tons of barley, and 27 million tons of corn in the 2026/27 marketing year.
