Daily Global Commodity Market Highlights (July 12)

< br > < span class = "section-news" > 1. Nigerian Otakikpo crude oil shipped to a US refinery for the first time. < br > < span class = "section-news" > 2. Japanese Economy Minister Ken Saito: Need to be vigilant about Japan's electricity supply and demand situation. < br > < class span = "section-news" > 3. US Special Envoy for Energy Security Hochstein: If necessary, the United States can use the strategic petroleum reserve. < br > < span class = "section-news" > 4. Industry sources: Indian Oil and Gas Corporation (ONGC) has sought an exemption from the United States to import oil from Venezuela. < br > < span class = "section-news" > 5. Statistics South Africa: South Africa's gold production fell by 9.0% year-on-year in May, and gold production in April was revised to decrease by 1.6% year-on-year (previously down 1.7%). < br > < span class = "section-news" > 6. IEA Monthly Report: Raise the growth rate of oil demand in 2024 and lower the growth rate of oil demand in 2025; the growth rate of global crude oil demand further slows down. Raising the forecast of oil supply this year and next, global oil production increased by 910,000 barrels/day in the second quarter, with the largest increase in the United States. It is currently predicted that if the voluntary production reduction measures continue to be implemented, OPEC + supply will decrease by 740,000 barrels/day in 2024.