Energy:
1. BP and Abu Dhabi National Oil Company (ADNOC), among others, will jointly develop the Babu gas field project in Abu Dhabi, with BP holding a 10% stake in the Babu gas field concession.
2. Middle East fuel oil exports are expected to reach a four-month high in June, but remain below pre-war levels.
3. ECB Executive Board member Schnabel: Energy prices, while declining, are still far above pre-war levels. Energy prices will remain high for the next few years.
4. Vietnam will launch a carbon emissions trading pilot program next week, lasting until the end of 2027.
5. Chevron's CFO stated that natural gas prices will normalize after Trump pressured major oil companies. Production will increase at a rate of 7% to 10%.
6. UBS: Brent crude oil prices are expected to remain at $85 per barrel at the end of September and December.
7. Iraq's Oil Ministry denied considering withdrawing from OPEC.
8. Qatar Energy issued its first crude oil tender since the Iranian conflict. 9. Indian government: Has lifted industry supply restrictions on liquefied petroleum gas (LPG).
10. US Energy Secretary Wright: Iran's daily crude oil exports are expected to reach up to 2 million barrels.
11. South Korean Finance Minister: Will lower the fuel price ceiling as part of measures to curb inflationary pressures.
12. The world's highest rated head and my country's largest single-unit capacity pumped-storage power station has been fully operational.
13. National Energy Administration: The total investment in key energy projects and new business models during the 15th Five-Year Plan period will exceed 20 trillion yuan.
14. my country's installed power capacity will reach 5.4 billion kilowatts by 2030, as projected.
15. International Atomic Energy Agency: Repair work on key power lines and other energy infrastructure at the Zaporizhia nuclear power plant has been completed; the Dnipropetzka 750 kV transmission line has not yet resumed operation due to severe damage to the connecting substation.
16. Kazakhstan's Minister: Kazakhstan is cutting natural gas production at the Karachagank gas field due to the Ukrainian drone attack on Russia's Orenburg gas processing plant.
Precious Metals and Mining:
1. China Construction Bank: Will close its agency business for personal precious metals trading on the Shanghai Gold Exchange starting July 24th at the end of the day.
2. UBS: Palladium prices are expected to fall to $1100 per ounce in the coming months. We expect a palladium supply surplus this year.
3. The UK will reduce its steel import quota from 60% to 51%, effective July 1st.
4. To promote localized production, a critical mineral processing plant will be established at a US Army base.
5. Countdown to the US copper tariff decision: Supply and demand for "computing power metals" is about to change.
6. Macquarie: Lowered its year-end gold price forecast to $4,300, predicting gold will decline annually from next year until 2030; it expects silver to trade at $70 by the end of the year and fall back to $65 by the end of next year.
Agriculture:
1. South Korea is experiencing "egg inflation" again, with citizens starting a "price comparison search for eggs."
2. US President Trump: Will announce a $11 billion aid package for farmers; will soon use Iranian funds to purchase wheat, soybeans, and corn.
Iran Situation:
1. Maersk: The Baltimore and chartered vessels have left the Persian Gulf; currently, there are three ships in the Gulf region, and one more will be arranged to pass through the Strait of Hormuz at an opportune time.
2. South Korean Ministry of Oceans and Fisheries: Eight South Korean ships have left the Strait of Hormuz.
3. South Korean President Lee Jae-myung: Three ships will leave the Strait of Hormuz this weekend.
4. Shipping data shows that two supertankers loaded oil at the port of Rastanura on Friday, with another awaiting loading; Saudi Aramco has resumed oil loading at the Rastanura terminal after it was suspended for nearly four months.
Other: 1. Japan Meteorological Agency (JMA): An earthquake has occurred in Japan, with an intensity level of 4 out of 7. This earthquake will not trigger a tsunami.
