The decision is more restrictive than an export-licensing requirement.

China’s dip-buying is giving copper a firmer floor on pullbacks...

"An escalation in hostilities on 7-8 July, however, clouds the outlook and could upend the forecast that sees the market flipping to a surplus next year"

"We are living in an environment we don't know very well."

 

Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries...

“If the blockade were to resume now due to escalating tensions, Iran would be stuck with ~50 million barrels of crude oil and refined products.”

"Technical factors also were at play. The Intercontinental Exchange ... "

“All of this points to the fact that we’re going to have to get used to higher copper prices...”

" ... exit via routes other than the authorized one could lead to irreparable incidents." 

The rotation from technology to energy and commodities is only one part of a much larger shift now underway...

"Corn market cools, but risks simmer beneath ..."

Earth-based sources of Helium-3 are currently far easier and cheaper to access than surface of the moon and its lunar regolith...

Crisis averted? 

"Blended average of wage, diesel & commodity trends (mostly driven by diesel fuel cost up 60% y/y in May) imply the Food at Home CPI could accelerate..." 

"Average gasoline prices fell in 47 states over the last week, with the national average dropping..." 

"Maintaining affordable, reliable, and secure power in the Duke Energy service territory is non-negotiable."

"Nudging down 2027 forecast..." 

Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable.

"The inflation is destroying demand across some industries, notably phosphates and pulp & paper, but we are not killing demand fast enough..." 

 

CFO spoke at Wells Fargo Industrials & Materials Conference.