Energy:
1. Data shows that Russian seaborne diesel exports fell 3% month-on-month in May.
2. The Iranian Electricity Association stated that they are facing a fuel shortage needed to operate power plants.
3. Wells Fargo: Consumer spending on gasoline may have increased by approximately 45%-50% compared to before.
4. Kazakhstan's Energy Minister: Maintenance at Kashagan oil fields in Kazakhstan will last 35-40 days in 2027.
5. Indian government officials: India is considering extending the import tax exemption period for petrochemical products beyond June 30th.
6. Sources say that Urals crude oil cargoes delivered to India in July and August are trading at a discount of $2-3 per barrel to Brent crude.
7. US Deputy Secretary of State Landau: The US is working to release energy reserves and increase sales of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) to ASEAN.
8. Sources: The EU will propose maintaining the cap on Russian oil prices at $44.10 per barrel for six months and tightening restrictions on shadow fleets.
9. European Commission President Ursula von der Leyen: The 21st round of sanctions against Russia will add 30 more sanctioned vessels, bringing the total target to 632. Restrictions will be placed on the sale of LNG carriers to Russia.
10. US oil import prices in April were $78.24 per barrel, up from $63.40 per barrel in March and up 18.4% from $66.06 per barrel in the same period last year.
11. EU High Representative for Foreign Affairs and Security Policy Maria Kalas: Creativity is needed in the next round of sanctions against Russia. Attention should be paid to sanctions on metals and refined petroleum products.
12. EU High Representative for Foreign Affairs and Security Policy Maria Kalas: The 21st round of sanctions against Russia includes a temporary freeze on the cap on Russian oil prices and sanctions against Moscow institutions used for revenue generation and circumventing EU sanctions.
13. US Energy Secretary Wright: Ship traffic through the Strait of Hormuz is increasing very significantly. It will take months to restore normal energy flows. Oil exports from the Strait of Hormuz and the Persian Gulf will increase.
Precious Metals and Mining:
1. The Vietnamese government has allowed coal mining companies to increase production to meet power generation needs.
2. US Trade Representative Greer: Domestic procurement of key minerals is being accelerated.
3. Indian government official: Gold imports have continued to decline since the increase in import tariffs, and there are no plans for further measures to restrict imports.
4. European Commission President Ursula von der Leyen: We are targeting more metals and alloys used in Russian aerospace and defense.
Agriculture:
1. Market news: Indonesia will subsidize 250,000 tons of imported soybeans.
2. Japan Meteorological Agency: There is a 100% chance that El Niño will continue into autumn.
3. Indian government official: With global fertilizer prices rising, the Indian Ministry of Fertilizers is seeking to double its budget subsidies. They believe global fertilizer prices will not fall, and the number of suppliers has decreased.
4. European Commission President Ursula von der Leyen: Proposed restrictions and bans on Russian fish.
Iran Situation:
1. US media reports that the US military struck 20 targets inside Iran.
2. US officials say the latest strikes against Iran will not hinder negotiations between the two sides.
3. Iranian airstrikes targeted US military bases in Bahrain, Kuwait, and Jordan.
