Russian seaborne crude exports averaged 4.13 million bpd in the four weeks to June 28, the highest since the 2022 conflict, Bloomberg tanker data show. The surge has raised seaborne inventories roughly one‑third above the mid‑April low, with cargoes stacking near Egypt and Singapore, suggesting Moscow is increasingly struggling to place barrels. Exports have climbed as Ukrainian strikes on Russian refineries continue, which could redirect crude that cannot be domestically processed into export f

Lithium carbonate most-active contract up over 4.00% intraday, trading at 156,800 yuan/ton.

DOE data showed U.S. Strategic Petroleum Reserve (SPR) crude stocks fell 5.5 mln bbl to 325.7 mln bbl, the lowest level since May 1983. The draw is part of a 172 mln‑bbl release agreement aimed at filling post‑Iran‑conflict global supply gaps and easing fuel prices. Strong U.S. crude exports and refinery demand have driven rapid recent declines. Since the late‑February outbreak of the conflict, total U.S. stocks (commercial plus SPR) fell 111.4 mln bbl to 743.3 mln bbl as of June 19, the lowest since 1984.