Julius Baer’s Global Wealth and Lifestyle Report 2026 says gold prices have more than doubled since 2024, pushing up prices for luxury goods. The report says high-net-worth investors in Asia Pacific have increased allocations to precious metals to hedge geopolitical and macroeconomic risks, with platinum gaining traction in China and silver seeing renewed demand in India. It also says more than 70% of Asia Pacific investors increased diversification over the past year, with precious metals—especially gold—seen as the preferred hedge.

Russia said it intercepted a drone attack targeting an oil refinery in the Tyumen region of Siberia, about 2,500 km from the Ukrainian border. The refinery is described as one of the country’s most modern, processing about 6 million tons of crude a year and producing around 0.5 million tons of gasoline and 2.5 million tons of diesel. The incident did not result in a confirmed shutdown, but underscored growing security risks for Russia’s energy infrastructure.

Indonesia should gradually phase out blanket fuel subsidies and replace them with targeted cash transfers to poorer households to cut fiscal risks and improve fairness, the World Bank said. The lender said more than half of current subsidies go to the richest 20% of households, while energy subsidy spending is 1.6% of GDP and remains a “significant and volatile” item in public outlays. The government has largely kept pump prices, including subsidised Pertalite, flat despite higher global oil prices and a weaker rupiah, increasing budget pressure. The report recommended shifting from universal fuel subsidies to time-bound cash transfers targeted to the poorest 40% of households.

SpaceX shares are up about 35% in their first week of trading but have fallen for two straight sessions. Under revised Nasdaq rules, the stock will become eligible for inclusion in the Nasdaq 100 after 15 trading days, with passive funds expected to absorb about 30% of the free float. With a limited float and lockup restrictions in place, that setup could create near-term buying pressure. The anticipated index-driven demand is seen as a clear trading catalyst, though no actual rebalancing has occurred yet.

OPEC在2026年《世界石油展望》报告中维持2025–2030年油需稳健增长预测，并将2050年需求预期从122.9百万桶/日小幅上调至124百万桶/日，重申全球石油需求‘无峰值’。报告强调能源安全与可负担性政策转向、EV渗透放缓及新兴市场增长支撑油需。该立场强于IEA（预计2050年需求仅113百万桶/日），构成对原油长期价格中枢的上修信号。

Singapore’s total oil product inventories rose slightly week on week to 35.26 million barrels, but remained near a 13-year low. Gasoline stocks fell to a two-week low as net exports reached 572,000 tonnes, far exceeding imports of 233,000 tonnes, with shipments mainly heading to Indonesia and Australia. A broader draw in light distillates, alongside disrupted flows via the Strait of Hormuz linked to the US-Iran war, has tightened regional supply and highlighted a short-term imbalance in Asia’s fuel oil market, according to Reuters.

Three fully laden VLCCs operated by Saudi Arabia’s state tanker company Bahri—Shaden, Jaham and Awtad—sailed out through the Strait of Hormuz on June 18 carrying about 6 million barrels, the first large-scale exports since the waterway was shut for more than three months. A Qatari LNG carrier and a Chinese fuel tanker also transited. More than 100 tankers had been trapped in the Persian Gulf, including about 30 supertankers able to haul 2 million barrels, and the initial crossings indicate supply constraints are easing.

印尼能源部宣布将于2026年7月1日起正式实施B50生物柴油强制掺混政策，即50%棕榈油基生物柴油与50%常规柴油混合。该政策将使下半年生物柴油需求升至17.6百万千升，较原计划增加约2百万千升。政策旨在减少柴油进口，预计全年节省进口成本约111亿美元。B50实施依赖原油馏分（气油）作为基准组分，其刚性掺混要求将强化对原油炼化端的需求支撑。

The Iran war has effectively shut the Strait of Hormuz, tightening energy supplies across parts of Southeast Asia and pushing up electricity costs while increasing the risk of outages. Households and businesses in the Philippines, Malaysia and Indonesia are moving faster to install rooftop solar systems, with China’s solar exports to the region reaching 5.5 gigawatts in March, more than double the previous year. Even with a preliminary U.S.-Iran ceasefire deal announced, the supply shock has lifted oil prices and reinforced short-term bullish sentiment.