Fed's Williams said the labor market remains resilient and the Fed must bring inflation back to its 2% target.

Sources say Iraqi officials had considered exiting OPEC but now plan to remain a member and seek a higher production quota.

Energy: 1. Morgan Stanley: Projects TTF natural gas prices to be approximately €50 per megawatt-hour in Q3 2026 and approximately €60 per megawatt-hour in Q4 2026. 2. JPMorgan Chase: Projects Brent crude oil prices to average $86/barrel in Q3 2026, $80/barrel in Q4 2026, $78/barrel by the end of 2026, and $64/barrel in 2027. 3. Russia is reportedly seeking 50,000 tons of gasoline from Kazakhstan to alleviate domestic fuel shortages. 4. US strategic petroleum reserves hit their lowest level since the week of June 24, 1983, with crude oil inventories declining for the ninth consecutive week to their lowest level since October 1984. 5. Canadian automotive market research firm: Canadian gasoline consumption hit a record high in the first quarter. 6. US Energy Secretary Wright: Strategic Petroleum Reserves (SPR) are expected to reach 500 million barrels through innovative replenishment methods. 7. my country's installed power generation capacity exceeds 4 billion kilowatts. 8. Data center demand will double Australia's electricity demand by 2050. 9. Abu Dhabi National Oil Company (ADNOC) LNG carriers reappear in the Persian Gulf, shipping transparency is gradually recovering. 10. Saudi government: Saudi Arabia's merchandise exports increased by 9.3% year-on-year in April, with oil exports increasing by 11.7%. Precious Metals and Mining: 1. Indonesian Ministry of Mining: No decision has been made on the total nickel ore production quota for fiscal year 2026. The government needs to ensure that ore production matches downstream demand. Agriculture: 1. my country's Ministry of Water Resources: Nine rivers across the country have experienced floods exceeding warning levels. 2. According to Vietnamese state media: Vietnam's rice exports are expected to increase by 5.7% year-on-year in the first half of the year, reaching 5 million tons. Iran Situation: 1. Market news: Five South Korean ships have passed through the Strait of Hormuz. 2. Iranian Revolutionary Guard warns: Uncoordinated passage through the Strait of Hormuz is "unacceptable and dangerous." Other: 1. A 6.9-magnitude earthquake struck off the coast of Iwate Prefecture, Japan. No abnormalities were reported at the nuclear facility, and there were no casualties. 2. A 7.5-magnitude earthquake struck Venezuela again.