Crude oil: 1. Kazakhstan exported 160,000 tons of oil to Germany in June. 2. OPEC lowered its global oil demand forecast for the next four years and raised its long-term demand forecast. 3. UAE Energy Minister: Oil production capacity can be increase

2025-07-11

Crude oil: 1. Kazakhstan exported 160,000 tons of oil to Germany in June. 2. OPEC lowered its global oil demand forecast for the next four years and raised its long-term demand forecast. 3. UAE Energy Minister: Oil production capacity can be increased to 6 million barrels per day in the years after 2027. 4. Nigerian National Petroleum Corporation CEO: Nigeria's production capacity is expected to reach about 2 million barrels per day by 2027. 5. OPEC+ considers suspending production increases from October and entering a wait-and-see period. 6. Source: Saudi Arabia's crude oil supply to China in August is expected to increase to about 51 million barrels. Precious metals and mining: 1. Source: Trump's copper tariffs will include semi-finished products. 2. US Secretary of State Rubio and Malaysian Prime Minister are committed to strengthening cooperation in key minerals and advanced technologies. 3. Chilean Foreign Minister Van Craven: A special meeting of the mining industry will be convened to discuss US President Trump's tariff measures. US tariffs: 1. Trump: 35% tariffs on Canada. If Canada decides to raise tariffs (on the US) for any reason, the 35% tariffs imposed by the US on Canada will also increase accordingly. 2. Brazilian President Lula: If negotiations with the US cannot be reached, reciprocal tariffs will be implemented. Brazil can survive without US trade. It is planned to convene businessmen who export orange juice, steel, and aviation industries to the United States for consultations. 3. US President Trump: We will announce that all remaining countries must pay tariffs, whether 20% or 15%. 4. According to Myanmar media: Myanmar government leaders asked US President Trump to reduce the 40% tariff rate. The Myanmar government seeks a 10% to 20% tariff from the United States and is willing to reduce tariffs on US imports to 0% to 10%. 5. Thai Finance Minister: Still discussing trade matters online with US officials, and may adjust some proposals if necessary. Will ensure that US imports do not harm farmers and retailers.