Crude oil:
1. UAE Energy Minister: No worries about oversupply in the oil market, no increase in oil product inventories.
2. Royal Bank of Canada: Oil prices are expected to plummet to $50 as supply growth exceeds demand.
3. BP CEO: Physical crude oil market is currently in tight supply.
4. Saudi Aramco CEO: Global oil demand is expected to increase by 1.2 million to 1.3 million barrels per day this year.
5. UAE Energy Minister: We are losing global spare oil production capacity every year, and some countries cannot even produce the same amount as last year or even last month.
6. Russian Deputy Prime Minister Novak: We cannot allow domestic gasoline prices to rise sharply. Oil companies must resume refinery production in a timely manner after repairs are completed.
Precious metals and mining:
1. US President Trump announced a 50% tariff on copper from August 1, 2025.
2. Chilean Foreign Minister: It is not clear what the specific scope of the US tariff on copper is; Chile will continue to look for copper markets.
3. President of Gabon: We hope to develop raw mineral resources; we hope that our minerals can be processed locally.
4. Peruvian Minister of Economy: 5% of copper exports may be affected by US tariffs.
5. Market news: Tether has its own vault holding 80 tons of gold because gold is safer than fiat currency.
6. Indonesian Ministry of Economy: Indonesia and the United States have great potential for cooperation in strategic areas such as key minerals. Indonesia has rich reserves of nickel, copper, cobalt, etc. We can optimize cooperation with the United States in the processing of these key minerals.
Agricultural products:
1. Director of the Brazilian Coffee Exporters Committee: Exporters are actively negotiating with the United States and hope that common sense will prevail.
2. Malaysian Palm Oil Board MPOB: Malaysia's palm oil production in June was 1,692,310 tons, a month-on-month decrease of 4.48%; Malaysia's palm oil exports in June were 1,259,354 tons, a month-on-month decrease of 10.52%.
Others:
1. Trump sent another tariff letter to 8 countries, of which Brazil faces a 50% tariff.
2. Japan Meteorological Agency: There is a 40% chance of La Nina in the northern hemisphere in autumn.
3. Bank of Japan: Several regions said that the impact of US tariffs on exports and output is currently limited.
4.
Philippine Economic Minister: Concerned that the United States has decided to impose a 20% tariff on Philippine exports. Will continue negotiations with the United States to promote bilateral agreements and possible free trade agreements. Officials will fly to the United States next week for talks with the other side.