United States API Weekly Crude Oil Stock came in at -2.188M below forecasts (-1.65M) in May 8

May 12, 2026

Aluminium: EU ETS reform raises cost risks – Commerzbank

Commerzbank’s Norman Liebke highlights that EU ETS reform, including new benchmark calculations, could significantly raise costs for European Aluminium recyclers and refineries.

Europe: Export to US slump and tariff risks – Standard Chartered

Standard Chartered’s Christopher Graham notes that European Union (EU) exports to the United States (US) are now contracting at rates comparable to COVID and GFC (Great Financial Crisis) periods, potentially reflecting both prior export frontloading and emerging structural weakness.