Energy:
1. Market News: Australia and Singapore reached an agreement to strengthen cooperation in energy security, critical supply chains, and trade.
2. Kazakhstan's Ministry of Energy: Oil loading has resumed at the Caspian Pipeline Union (CPC) terminal.
3. Goldman Sachs maintained its Q3 2026 TTF natural gas forecast at €60/MWh, but stated that risks remain skewed to the upside.
4. U.S. Strategic Petroleum Reserve crude oil inventories fell by approximately 3.7 million barrels last week to 307.7 million barrels, the lowest level since 1983. This inventory reduction is part of an agreement reached by the U.S.
5. Sources: Venezuela's state-owned oil company PDVSA will suspend operations at its El Palito refinery for a large-scale overhaul lasting 3 to 4 weeks.
6. Sources: Saudi Aramco plans to adjust Asian crude oil pricing to reflect the cost of bypassing the Red Sea.
7. After a six-month hiatus in environmental impact assessments, CATL's Yichun lithium mine has made new progress.
8. Italian oil company Eni: Announced a final investment decision for the Cronos project in Cyprus. The goal is to bring Cypriot natural gas to market in 2028. Production is expected to reach a stable level of 500 million standard cubic feet per day.
Agriculture/Mining:
1. IEA: Despite record high prices, the copper supply deficit could reach 25% by 2035.
2. Hong Kong SAR Government: Hong Kong's net gold exports to the Mainland in June were 50.679 tons, compared to 53.674 tons previously. Total gold exports to the Mainland in June were 78.147 tons, compared to 65.562 tons previously.
3. Governor of the Central Bank of Pakistan: Current gold reserves are approximately $9 billion.
4. Citi: Expects a short-term gold price target of $4,500.
5. Citi: Expects a year-end copper price target of $15,000 per ton.
Situation in Iran:
1. Iranian Foreign Ministry Spokesperson Bagaei: The situation in the Strait of Hormuz remains unchanged; the strait remains closed.
2. Trump: Has the patience to reach an agreement with Iran, or else war will break out.
3. Iran states it has not requested the resumption of negotiations with the United States.
4. Houthi rebels claim to have attacked Saudi Arabia's oil transportation infrastructure.
