London Stock Exchange Group
June 29, 2026
Inside Commodities
Weekly UpdateCommoditiesEquitiesRates CreditEnergyIndustrials
This report covers the normalization of oil markets following the reopening of the Strait of Hormuz and the subsequent surplus of supply. It also highlights regional agricultural concerns in Italy and Australia, and China's strategic energy planning.
Key Takeaways
- 1.Saudi Arabia is expected to cut crude oil selling prices for Asia to a four-month low following the reopening of the Strait of Hormuz and increased supply.
- 2.The reopening of the Strait of Hormuz has triggered a chaotic rebalancing in global oil markets, with Brent futures entering a contango structure.
- 3.China is doubling down on a dual-track energy strategy, aiming for record renewable capacity while maintaining coal at record levels for energy security.
Table of Contents
- Top News - Oil
- Top News - Agriculture
- Top News - Metals
- Top News - Carbon & Power
- Top News - Dry Freight
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Authors
Ron BoussoDhanya
Securities
Brent Crude Futures
Themes
Climate-related commodity risksEnergy transition and securityGeopolitical impact on supply chains
Regions
Asia PacificMiddle EastEuropeSaudi ArabiaChinaAustralia