Know What's Happening in Commodities
Know What's Happening in Commodities
Ireland launches €250M relief package as heating oil prices double
Heating oil prices in Ireland surged from about $545 to over $1,090 per fill within a month amid the Middle East conflict. The government responded with a €250 million ($273 million) relief package that includes excise cuts and a diesel rebate, though experts say a national energy‑security strategy is still lacking.
Also developing:
By the numbers: Oil majors acquire $164M of Alaska oil leases
The Brewers Association of India has warned that the war in Iran is choking gas supplies, driving up glass bottle prices by about 20% and prompting a request for 12‑15% retail price hikes. The shortage threatens both beer and bottled‑water producers as summer demand peaks.
West Asia hostilities have driven crude oil to record levels, sending U.S. gasoline past $4 per gallon and inflating consumer costs. India responded with a 38,000‑tonne fuel shipment to Sri Lanka and an ethanol push, while the finance ministry warned...
Kroger announced a limited‑time 4X Fuel Points promotion that lets shoppers earn four times the usual points on groceries, translating to a maximum $1 discount per gallon as U.S. gasoline averages $3.98. The move targets budget‑conscious consumers amid geopolitical supply...
The escalating Iranian conflict has pushed crude oil prices above $100 per barrel and raised the specter of a Strait of Hormuz closure, which could choke one‑fifth of global oil flow. Such a supply shock would amplify fuel costs, trigger...
Diesel prices have surged 41% since March 2, while dry‑van spot rates rose 7.5%, yielding a 0.7 correlation. Historically, the relationship flips—March 2022 showed a –0.8 correlation—showing diesel isn’t a consistent driver. Fuel now accounts for roughly 30% of a truck’s operating...
Exxon Mobil (XOM) surged $5.31 to close at $170.99 on Friday, propelled by a rebound in crude prices and a technical breakout above key moving averages. The rally adds to the energy giant’s momentum after a strong earnings report, a...
Maersk announced an emergency fuel surcharge on its container services as the Iran‑Israel war drives bunker fuel to near‑record levels. The move follows disrupted Red Sea routes, a temporary suspension of operations at Salalah after a drone attack, and rising...
The U.S.-Iran war has driven daily tanker transits through the Strait of Hormuz down 90%‑95%, sending Brent crude above $113 a barrel and inflating marine insurance to as much as 10% of a vessel’s value. Analysts warn the chokepoint could...
FEDWATCH: “.. the Houthis have entered the conflict by launching ballistic missile attacks ..; their next move could be targeting vessels in the Strait of Bab el Mandeb into the Red Sea .. The oil market, rightfully, is sensing that...
Brent crude has surged past $100 a barrel and WTI topped $90, creating a price environment that comfortably exceeds shale breakeven levels. Yet U.S. oil drillers remain hesitant, citing the ongoing Middle East conflict as a major obstacle to investment...
The war in Iran has set off a chain of events, with soaring oil prices driving higher inflation expectations, lower rate cut odds, and a pullback in precious metals.
U.S. lawmakers are advancing a proposal to temporarily suspend the federal gasoline tax in response to soaring fuel costs, with crude oil prices climbing above $90 a barrel after the Iran conflict escalated. The move aims to ease pressure on...
The United Nations announced a new task force to safeguard Strait of Hormuz trade as two COSCO container ships were forced to retreat, and oil prices rose to their highest levels since 2022. The moves highlight mounting pressure on global...
European farm unions have demanded an immediate suspension of the EU's carbon levy on imported fertiliser, citing record price spikes that threaten farm profitability. The push follows months of protests that already forced the EU to fast‑track environmental changes to...
The Environmental Protection Agency finalized its “Set 2” Renewable Fuel Standard, raising the 2026 target to 25.82 billion Renewable Identification Numbers and the 2027 target to 25.98 billion. Fuel‑retail groups representing 90% of U.S. retail fuel sales praised the move but urged Congress...
A La Niña‑driven moisture deficit over Brazil’s Centre‑South cane belt is creating a bullish signal for raw sugar that has not yet been priced into markets. Brazil, which accounts for roughly 40% of global sugar exports, typically sees yields dip three...
U.S. President Donald Trump’s decision to halt oil shipments to Cuba and a high‑level call involving Elon Musk, Trump and Indian Prime Minister Narendra Modi on keeping the Strait of Hormuz open have pushed global oil prices to multi‑year highs....
European benchmarks opened lower after mixed signals from the Iran‑Israel war pushed oil prices higher and heightened geopolitical risk. The slide reflects investor anxiety over a potential supply bottleneck at the Strait of Hormuz and its knock‑on effects on European...
Not all oil prices are created equal. There's only one that matters: what Americans pay at the pump. That price is up 30% from before the war (bottom right). That's up, but - at $4 a gallon - we're nowhere...
Spain’s electricity market is insulated from the current European energy crunch thanks to a renewable‑heavy mix—almost 60% of its power comes from solar, wind and nuclear—keeping the average price at about €14/MWh (≈$15) versus over €100/MWh (≈$107) in Italy, Germany...
$USOIL - As I've already stated I think it made a major top at 119.48 but the top will not be confirmed until there's a weekly close below 90. The weekly candle is bullish and indicates that it may rally...
$Silver - Made a multi week low at the yearly pivot at 61. I expect a multi week bounce into late April/early May. The bounce could get to as high as the 1st yearly resistance at 94. The bull market...
India's foreign exchange reserves fell $11.4 bn to $698 bn in the week ended March 20, driven by a $13.5 bn plunge in gold holdings as global prices slipped 10%. The decline pushed the rupee to fresh record lows and raised questions about the...
$Gold - The weekly candle is bullish and indicates that it made a multi week low this week. I think it made a major top in late January and is following the 2011 price pattern. I expect a multi week...
I’m sure higher energy prices, higher interest rates, and ongoing wars will go a long way in solving the problem of getting mines to produce the metals we desperately need. The world still underestimates the scale of the problem: A lack of...
The provided source material does not contain any information about Asian refiners changing US crude pricing benchmarks from Dubai to Brent, nor about related Middle East supply volatility. Consequently, specific facts, figures, or participant quotes are unavailable.
A market alert warning of a $930 million hit to the quantum‑computing sector has pushed IonQ, Rigetti and D‑Wave shares down. The warning stems from a helium supply crunch caused by the Iran‑U.S. conflict, which threatens the low‑temperature environments needed for...
China rejected three Indian rice shipments over alleged GMO contamination, signaling heightened trade friction. India is weighing "floor and ceiling" price clauses for key fertilizers as global prices surge and monsoon planting looms. Meanwhile, half of the nation’s 166 major...
Higher oil prices spurred by the Middle East conflict are prompting Citi to predict a resurgence in U.S. shale drilling later this year, with an expected output boost of more than 100,000 barrels per day by 2027. The bank’s forward‑curve...
The Iran‑Israel‑U.S. war has pushed Brent crude to about $120 a barrel, shut 20% of global oil flow through the Strait of Hormuz and sparked warnings that soaring energy costs could tip the United States toward recession. The crisis is...
The BSE Sensex slid 1,690 points (2.25%) to 73,583 and the NSE Nifty dropped 487 points (2.09%) to 22,820 as the US‑Iran conflict pushed Brent crude above $100 a barrel. Foreign Institutional Investors dumped roughly Rs 1,805 cr crore (≈ $217 million) of Indian...
U.S. forces have intensified drone operations in the Iran conflict, with a noticeable rise in autonomous surface drone chatter, though the Pentagon has not released details on the deployment of Ukrainian‑style boat drones. The uptick coincides with broader AI‑driven weapons...
The 1973‑74 Arab oil embargo and the 1978‑79 Iranian revolution caused oil prices to quadruple, triggering severe gasoline shortages and reshaping global financial markets. Those shocks redirected capital flows and solidified the U.S. dollar as the world’s primary reserve currency....
Oil prices surged after the United States and Israel struck Iranian nuclear sites, with Brent climbing 4.2% to $112.57 a barrel and WTI jumping 5.5% to $99.64. At the same time, equity markets slipped, the S&P 500 closing 1.7% lower and...
China will open nickel and lithium futures to foreign investors, aiming to strengthen global metals pricing power. https://www.metalnomist.com/2026/03/china-nickel-and-lithium-futures.html
Pretty wild how WTI crude oil averaged $90-$100 from late 2010 to late 2014.. and everyone just assumed that was normal. Total freakout today... (even with significantly higher average and median hourly earnings) https://t.co/L6XCC4Wf8y
Gas prices steady under $4, but I think the average will jump quickly to $4.20 by mid next week @gasbuddy @gasbuddyguy https://t.co/AWxp7hHZsD
Sugar prices are just starting to move after rebounding from a key historical support level. This could turn into a highly explosive move in my view Few assets carry such significant societal implications if they begin to rally. Similar setups here: https://t.co/Z2VnzWMQwd https://t.co/u0ocJ7NrVj
Given the nitrogen fertilizer shortages leading to more corn to soybean planting switches, I'll bet the eventual cost of the biofuel mandates is more than this. An idiotic policy.
As the Battle for #Hormuz continues, European consumers are getting hammered by soaring oil and natural gas prices. Why? Europe’s leaders have outsourced their energy security. The path forward is obvious: #Europe has to start drilling for #oil and gas...
The Trump administration's new biofuels bailout means higher US gas and food prices and worse environmental outcomes. But at least farmers will get another $3-4B from the government. https://t.co/OCutylNA8t
💥Saudi Arab Light crude is not light; it is medium sour. Dubai/Oman crudes are medium sour. Brent is light sweet. Pricing Arab Light off Brent doesn’t make sense, whether geographically or quality-wise. https://t.co/AAkqiuh6HA
As reported by the respected French newspaper Le Monde, EU Energy Commissioner Dan Jorgensen considers capping gas prices "a possibility" amid oil shortages. IT'S TIME FOR THE EU'S JORGENSEN TO GET REAL AND PULL OUT A PHOTO OF THE GAS LINES...
And just like that, a quarter of global LNG supply is offline 🚢 ⚠️ Hormuz/Iran attacks have disrupted deliveries from Qatar and UAE Cyclone temporarily knocks out plants in Western Australia (Nice graphic from IEA’s Greg Molnar) https://t.co/ymJmTrTZGx
U.S natural gas comparative fell 19 bcf to a deficit of 3 bcf week ending March 20 Spot price fell $0.08 to $3.11 as markets normalize Gulf War effects for US fundamentals #energy #NaturalGas #shale #fintwit #oilandgas #Commodities #ONGT #natgas #LNG https://t.co/wucXOSeNAM
Very early on the war I wrote about SaudiArabia’s crucial East-West oil pipeline (see 👇). Now, the conduit has reached its nameplate capacity of 7 million b/d, wit exports from the Saudi Red Sea coast to global markets >5 million...
Many are attributing the fall in precious metals to rising real interest rates. That's wrong. Real rates (red) have fallen. The rise in nominal interest rates (black) is all about break-even inflation (blue) rising. That's fundamentally good for gold... https://t.co/5amZtGPz0B https://t.co/t11fMQc7JV
Many things are happening simultaneously. War in the Middle East is spiking oil prices, gold has fallen and all the uncertainty is pushing up long bond yields, like in Japan where they're back to the highs. I'll talk about all...
Many such cases 🇺🇸 🚢 Asian and European LNG buyers are chasing the limited number of shipments still available from US suppliers after the world’s largest export plant in Qatar was shut Importers from Japan and Germany are among those in...
Germany will review whether to reactivate standby coal-fired power plants in an effort to reduce energy prices that have been elevated since the war in the Middle East https://t.co/xhEPnaeGOJ via @petrasorge https://t.co/v9EoTYKA9F
