[Daily Global Commodity Market News Express (May 9) ] 1. According to media estimates, Russia's crude oil production cut last month was lower than promised. < br...
2024-05-09 14:08:16
< b > [Daily Global Commodity Market News Express (May 9) ] < br > < span class = "section-news" > 1. According to media estimates, Russia's crude oil production cut last month was lower than promised. < br > < span class = "section-news" > 2. Market news: Turkey considers raising energy bills for high-income households. < br > < span class = "section-news" > 3. Russian Foreign Ministry: The European Union still illegally seizes about 100,000 tons of Russian fertilizer. < br > < span class = "section-news" > 4. Iranian Oil Minister: Iran plans to increase oil production by 30-400,000 barrels per day this year, with oil exports reaching their highest level since 2018. < br > < span class = "section-news" > 5. Citi Research: Iron ore prices could re-test our 3-month target of $120 per tonne. < br > < span = class "section-news" > 6. Morgan Stanley: OPEC's June meeting is expected to extend the production cut agreement until the end of the year, removing the $4 per barrel risk premium from the oil price forecast. < br > < span class = "section-news" > 7. Goldman Sachs: Due to the increase in inventories, OPEC + may extend the production cut agreement in June, and it is still expected that the price of oil will remain between 75 and 90 US dollars/barrel in most cases. < br > < span class = "section-news" > 8. HSBC: It forecasts that the average price of silver in 2024 will be 25.38 US dollars/ounce. The widening supply shortage will help limit the decline in silver prices, but the inventory is sufficient to fill the supply gap.