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
Singapore is accelerating its bid to become the Asia‑Pacific gold‑trading hub, with the Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) outlining four strategic focus areas: capital‑market products, vaulting standards, a dedicated clearing system, and vault services for foreign central banks. A Gold Market Development Working Group, comprising DBS, JPMorgan, UBS and others, is shaping the infrastructure, while the LionGlobal Singapore Physical Gold ETF debuted on the SGX in both SGD and USD. These steps aim to boost liquidity, price discovery and attract high‑value activity to the city‑state.
The complexity, uncertainty and fluidity of the Iran war’s impact on oil markets have made it increasingly challenging to compress analysis into 45-second soundbites in 5-7 minute TV interviews — though I’ve done my best over the past 4 weeks. So...
CSBP, a major Western Australian fertilizer supplier, warned that the ongoing blockade of the Strait of Hormuz is severely curtailing urea imports, a key nitrogen source for growers. To offset the shortfall, the company has accelerated domestic production of ammonium...
Striking image: dozens of empty tankers queued up at Saudi Arabia’s Red Sea ports, ready to load oil. @saudi_aramco has diverted approximately 4 million barrels per day from its eastern fields to the west. Their rapid and massive response stands...
Headlines & tweets about talks & deals are NOISE at this point THE SIGNAL is rationing, price spikes, policy interventions, & rising stress in import-dependent economies We're in the early stage of CONTAGION This time it's not a novel virus It's a heart attack...
Oil prices jumped to $106 a barrel, spurring global market declines. Iran's denial of any talks with the United States heightened doubts about a swift cease‑fire in the ongoing West Asia conflict. European stocks and bonds fell as ECB President...
Severe drought across the U.S. Hard Red Winter wheat belt has driven Chicago July wheat up 7.25 cents to $6.30 per bushel, with CFTC data showing the largest ever gross long and a near‑record gross short position. Export sales surged to...
Oil prices have surged as the war in Iran pushes fuel costs higher, reigniting recession concerns across equity markets. Analysts warn that short‑term volatility may mask the benefits of disciplined, long‑term portfolio construction.
WTI settled around $89 per barrel on Tuesday as U.S. crude inventories at the Cushing hub swelled by 3.4 million barrels, the largest weekly build since January 2023. At the same time, imports of Venezuelan crude surged to their highest level...
Retail diesel prices jumped 10% in the week to 25 March, rising 27.8 cents per litre to 303.5 cpl across Australia’s five largest cities, while petrol increased 8% to 252.2 cpl. The surge mirrors a 17% rise in the Singapore Gasoil 10 ppm benchmark, compared...
Oil prices are climbing amid the Iran‑Houthi conflict, reviving 1970s‑style headlines. UBS economist Arend Kapteyn argues that today’s economies are far less oil‑intensive, with oil spending representing a fraction of GDP. In the United States, oil’s share of GDP has...
ING expects tight copper and aluminium supply to support prices into 2026 amid tariffs, weak mine output, and power constraints. https://www.metalnomist.com/2026/03/tight-copper-and-aluminium-supply-keeps.html
WTI comparative inventory reflected supply urgency over fundamentals CI increased 9.5 mmb but price rose $4.22 week ending March 20 $96.07 was far above any previous yield curve marginal price for current C.I. #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket
JL Mag Rare‑Earth Co., Ltd. announced full‑year earnings that more than doubled to RMB705.6 million ($99 million), driven by a 14.1% rise in revenue to RMB7.718 billion. The results highlight the expanding role of rare‑earth minerals in global technology supply chains.
This is not a normal supply shock—it’s a systemic break, writes @Rory_Johnston You don’t replace Hormuz with bypass pipelines, SPR releases & sanction waivers You either reopen it—or break the system Markets are betting on a quick fix—but reality says otherwise. https://t.co/J4ZbSY2K9u #Oil #Hormuz...
Time is irreversible damage Trump has kicked the can till April 6 11 more days of disruption = 120MM additional barrels shut in ==>cumulative losses ~400MM, notes @ericnuttall That’s how a “temporary” disruption becomes a lasting supply shock. #Oil #Hormuz #SupplyShock #EnergyCrisis #Inventories...
The Thai Chamber of Commerce is urging the government to curb a recent 6 baht (~$0.16) per‑litre fuel price increase, warning it will raise production, logistics and consumer costs. It calls for securing sufficient crude‑oil supplies, even at premiums above global...
Another blow to the global LNG market 🚢🚨 🇦🇺 Three Australian LNG export plants (which provide ~8% of the world’s supply) have had output curbed by a cyclone ⚠️ Some offshore gas platforms were knocked offline by the big storm https://t.co/pnn7NiguUr
J.P. Morgan warns that recent disruptions in the Strait of Hormuz will trigger a cascading oil‑supply shock throughout April. The last tanker left the strait on Feb. 28, coinciding with U.S. and Israeli strikes on Iran, and traffic has been largely...
In this episode of Commodity Week, panelists Todd Gleason, Dave Chatterton, Kurt Kimmel, and Greg Johnson discuss the current grain market landscape, focusing on headline risks from the Iran‑U.S. conflict, upcoming USDA acreage and stocks reports, and the impact of...
Sky News Australia will broadcast a one‑hour special titled "Australia’s Fuel Crisis" on Sunday 29 March at 7:30 pm AEDT, hosted by veteran journalist Chris Uhlmann. The program will dissect soaring fuel prices, shrinking emergency stockpiles, global geopolitical instability and long‑term...
four weeks in, iran continues to export oil through the strait of hormuz. 1.5 million barrels a day, at significantly higher prices than before the war.
The Strait of Hormuz shutdown threatens Japan’s aluminum supply chain, as the country imports roughly 20% of its metal from the Middle East. The closure disrupts shipments of primary ingots that feed industries ranging from beverage cans to bullet‑train components....
The escalating war in the Middle East has effectively closed the Strait of Hormuz, prompting Maersk to impose emergency surcharges and forcing reroutes that have lifted freight premiums by up to 800%. The shutdown is already curbing production in China,...
The Australian and New Zealand dollars edged toward key support zones after Brent crude plunged 6% to under $99 a barrel amid renewed Iran‑Israel hostilities. Energy‑price volatility and broader regional security worries are weighing on Asia‑Pacific currencies, setting the stage for...
Helios AI warns that if the Persian Gulf conflict ends tomorrow, global food prices could climb 12‑18% above pre‑crisis levels by the end of 2026 and rise further in early 2027. The startup’s model flags three sequential shocks: soaring fuel...
Canadian farmers face looming fertilizer shortages as the U.S.-Iran war chokes the Strait of Hormuz, a key route for phosphate and sulphur shipments. Canada imports over 2.6 million tonnes of phosphate annually, with roughly 80% coming via the United States, which...
Crude oil is up 20% in the last few weeks. Oil prices rose 9% in a single day.
While the world panics about the loss of Qatari LNG, your reminder that nat gas prices in the Permian (Waha hub) had been negative for 35 consecutive trading days — and counting. And that Henry Hub is at ~$3 per...
The U.S. Energy Information Administration reported a 54 billion‑cubic‑foot (Bcf) draw in natural‑gas inventories for the week ending March 20. Net working gas fell to 1,829 Bcf, tightening the supply balance ahead of the summer heating season. The draw reflects higher demand from...
Gold seen well above $6,000 by year-end despite recent struggles, Wells Fargo says $GLD @seekingalpha https://t.co/aUuFstZJDx
AND THE JAWBONE Crude "only" fell ~$4.50/bbl on the latest Trump post, which is less than 1/3 of the pullback he got on Monday, and the rout was reversed much more quickly. Oil market getting more numb to the nonsense. https://t.co/rgoe9w20zI
Gold has surged roughly 50% over the past year, dramatically outpacing the S&P 500’s 14.5% gain. The rally is driven by rising inflation, higher oil prices and heightened geopolitical risk, especially the Strait of Hormuz tension. Federal Reserve rate hikes...
Potash and phosphate-based fertilizers remain mostly unaffected, but nitrogen-based fertilizers that rely on natural gas are the problem. Global urea and ammonia supplies are already being hit hard. #fertilizer #foodsupply #geopolitics https://t.co/LaLbS7VyH1
The US has been toying with the idea of a US oil export ban. This might briefly lower gasoline prices in the US, but it would drive up diesel and jet fuel costs and worsen the overall energy shock. ANOTHER HAIRBRAIN IDEA...
Oil prices jumped on March 26 as Brent crude rose 4.8% to $101.94 a barrel, driven by renewed doubts over the Iran‑U.S. cease‑fire talks and heightened tension in the Strait of Hormuz. The rally pushed the S&P 500 down 1.2%, the Dow...
With Brent crude around $109, following the decision to release 400 million barrels from the SPR, along with waivers for Russian, Iranian, and Venezuelan oil entering the market, the path is clear: The longer the war drags on, the higher...
My view in the @EpochTimes on Pres. Trump's move on Venezuelan oil: “VEN remains a wild card... its output gains will likely be modest [in 2026], ~300,000 barrels/day, due to deep structural damage in the soft & hard infrastructure of VEN’s...
Oil prices surged above $100 a barrel after the United States and Israel attacked Iran, prompting Tehran to close the Strait of Hormuz, which carries roughly 20% of global oil. The disruption has sent fuel costs soaring across Africa, prompting...
“The oil market is well-supplied” — US Treasury Secretary Scott Bessent. (… that’s quite a statement after the International Energy Agency had to make the largest ever use of his member’s strategic petroleum reserves…)
A Reuters poll predicts gold will set another record in 2026 as central banks, 95% of those surveyed, plan to increase holdings to historic levels. U.S. demand surged 140% in 2025 to 679 tonnes, while ETF inflows added 437 tonnes,...
Investors are weighing the dividend growth records of Realty Income and NNN REIT against a backdrop of sharp oil price gains and a cryptocurrency sell‑off, highlighting how macro volatility can pressure yield‑focused strategies.
"When there are supply disruptions in gas, the impact is immediate in energy markets." https://t.co/9SSDq5hVSn
Hungary announced it will cease gas deliveries to Ukraine, intensifying a regional energy standoff. The move threatens Ukraine's power supply as the country awaits a €90 billion EU loan that Hungary is delaying, while broader sanctions and oil market shifts add...
EPA Administrator Lee Zeldin announced a five‑day emergency waiver permitting the sale of E15 gasoline across the United States. The move targets gasoline that has risen to almost $4 per gallon as the Iran war tightens oil supplies, and it...
The Philippines is entering a belt‑tightening phase as a four‑week‑old Middle East conflict drives global oil prices higher, eroding the peso and inflating consumer costs. A temporary suspension of petroleum excise taxes will cut government revenue by roughly $2.5 billion, potentially...
Senior Citizens Party‑list Rep. Rodolfo Ordanes urged the Philippine House to investigate a sharp diesel price surge that has pushed pump rates above P100 per liter (≈$1.80), the highest increase among Asian nations. He blamed limited refinery capacity and alleged profiteering...
Gas was $2.93/gallon a month ago. It's $3.88 now. That's a 32% jump. The consumer was already stretched. Now they're paying it at the pump. Inflation isn't just a Fed problem. It's a kitchen table problem. $SPY $XLE https://t.co/eyD0h4taV8
Indian oleoresin producers are cutting chilli extraction as prices double and carry‑over stocks swell, while turning to turmeric to meet rising demand for natural curcumin. China’s entry into the chilli oleoresin market has driven global prices lower, making Indian chilli...
The letters to the editor flag four pressing issues for India. A halted Russian oil import and the Hormuz Strait closure have strained the country’s energy supply, prompting calls for domestic gas, electric‑vehicle adoption, solar power and local oil extraction....
