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The IEA monthly report projects that supply growth will reach 8 million barrels per day and demand growth will reach 2 million barrels per day in 2027, creating a "significant surplus" of more than 5 million barrels per day.

2026-06-17

The IEA monthly report projects that supply growth will reach 8 million barrels per day and demand growth will reach 2 million barrels per day in 2027, creating a "significant surplus" of more than 5 million barrels per day.

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2026-06-17

Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, bu

Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, but recent macroeconomic shifts have reduced gold's safe-haven appeal versus last year.
2026-06-17

CUSTOMS data show China’s goods exports in dollar terms rose 19.4% YoY in May, the fastest pace in three months. At a Ningbo freight forwarder, staff are refreshing carriers’ booking systems; US routes account repeatedly for about 70% of the firm’s v

CUSTOMS data show China’s goods exports in dollar terms rose 19.4% YoY in May, the fastest pace in three months. At a Ningbo freight forwarder, staff are refreshing carriers’ booking systems; US routes account repeatedly for about 70% of the firm’s volume. Firms report China-US sailings have been fully booked since May, with space tight across East and South China and intense competition for slots and empty containers. Freight rates for a 40ft box from Ningbo have jumped from roughly $2,900 to the US West and $3,900 to the US East at end‑April to about $6,300 and $7,500 respectively after several rounds of increases.
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