Energy:
1. India's fuel exports fell to their lowest level in nearly four years in May.
2. The UAE plans to build an oil product pipeline bypassing the Strait of Hormuz.
3. Market news: The Colombian Oil Workers Union announced a 24-hour strike.
4. Sources: Oil exports from Russian western ports rose 15% month-on-month in May.
5. Petronas documents show that the official selling price of Malaysian crude oil in May was set at a premium of US$126.80 per barrel.
Precious Metals and Mining:
1. Commerzbank: Lowered its year-end 2026 gold price forecast to US$4,800 per ounce, down from US$5,000 previously. It maintained its year-end 2027 price forecast of US$5,200 per ounce.
2. Commerzbank: Lowered its year-end 2026 silver price forecast to US$80 per ounce, down from US$90 previously. The year-end 2026 platinum price forecast has been lowered to $2,100 per ounce, down from $2,300 per ounce previously.
3. The Indian government: News reports that the Reserve Bank of India (RBI) may have sold approximately $12 billion worth of gold are "false." The RBI issued a clarification regarding its gold holdings, stating that physical gold inventories remain unchanged at 880.52 tons.
Other:
1. Vietnam's Statistics Bureau: Rice exports increased by 19.3% in May, reaching 925,000 tons.
2. Vietnam's Ministry of Trade: Anti-dumping duties on certain sugar products imported from Thailand will be extended to 2031.
