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
President Donald Trump posted a 48‑hour ultimatum on Truth Social demanding the Strait of Hormuz be reopened, prompting oil prices above $100 a barrel to tumble 10% and defense stocks to rally. The move has intensified market volatility as investors weigh the cost of a prolonged U.S.–Israel war on Iran.
I talked to @kairyssdal on @Marketplace yesterday about the latest developments in oil and what to make of the latest switcheroo in the conflict with Iran. I don't think this conflict is over by a long shot, so I doubt...
Central Asian states are mobilising substantial resources to become a new fertilizer hub, with Kazakhstan targeting 6 million tonnes of potash by 2028, Uzbekistan scaling green ammonia, and Turkmenistan expanding phosphate output. The region’s existing gas‑chemical complexes, such as KazAzot and...
A Tactical Traders Delight May Be Just Getting Started - 2026 - Gold, silver, copper, the S&P 500, Bitcoin and US natural gas have turned 1Q gains into declines. How sustainable are the pumps-then-dumps? Crude oil may be next. That...
The episode examines an unprecedented shift in global poultry pricing, where frozen boneless chicken legs are now trading at a premium to breast meat, driven by bird‑flu disruptions, Brazil’s labor shortages, and China’s emergence as a net exporter. Graham Stile,...
Gasoline, Diesel Price Surges May Mirror 2008, 2022 - US average gasoline and diesel prices have approached the $4 and $5 a gallon thresholds, raising the prospect of greater consumer and economic stress -- and peaks akin to 2008 and...
Dr. Anas Alhajji argues that the U.S. is a major winner from the Hormuz crisis, aligning with the November 2025 National Security Strategy that ties AI dominance to cheap, abundant energy. By disrupting the Strait of Hormuz, oil and gas...
Japan will begin releasing oil from its strategic reserves on Thursday to blunt rising fuel prices triggered by the U.S.–Israel‑Iran conflict, while the cabinet also approved mandatory ID checks for data‑only SIM cards to curb fraud. At the same time,...
Recent Iranian missile strikes and drone attacks have caused the largest supply disruption in oil market history, removing roughly 8‑10 million barrels per day, including a 2 million‑bpd cut from Saudi Arabia and a 6.7 million‑bpd reduction across the Gulf. This shock has...
A massive fire erupted at Valero Energy's Port Arthur, Texas refinery on Monday, disrupting a key Gulf Coast fuel hub. The incident, linked to a heater‑unit malfunction, has regulators and traders watching for possible impacts on gasoline and jet fuel...
Nigeria’s Dangote Petroleum Refinery has dispatched 12 petroleum‑product cargoes to five African markets, positioning itself as a regional alternative amid soaring Middle East oil prices and supply shocks. The move comes as Nigeria grapples with domestic fuel price spikes and...
President Donald Trump announced a five‑day delay to planned strikes on Iran’s power grid and energy plants, citing “very good and productive conversations.” The pause comes as Iran’s energy infrastructure faces ongoing attacks, tempering volatility in global oil and gas...
Climate change is eroding Arabica coffee’s traditional growing zones, with up to 20% of current areas projected unsuitable by 2050. Farmers are countering the stress through irrigation, shade trees, and heat‑tolerant varieties, while Robusta, a more resilient species, is expanding...
The Philippines, which imports over 90% of its petroleum, faces a potential fuel shortage if Middle East tensions disrupt global oil routes, especially the Strait of Hormuz. DOE Secretary Sharon Garin warned that gasoline stocks could last about 64 days...
The Coonoor tea auction recorded strong sales, with internal buyers and blenders purchasing 78% of the 964,835 kg leaf offering and 87% of the 286,009 kg dust offering in Sale 12. Prices slipped across categories, typical declines ranging from ₹3‑₹10 (≈$0.04‑$0.12) per kilogram,...
Automakers are accelerating aluminium purchases as the Israel‑Hamas conflict disrupts key smelting hubs in the Middle East. Export restrictions and port closures have tightened global supply, pushing spot prices above $2,500 per metric ton. Companies such as Volkswagen, Toyota and...
Central banks are increasing gold purchases as geopolitical tensions and de‑dollarisation drive a safe‑haven shift, according to World Gold Council (WGC) executive Shaokai Fan. Guatemala, Indonesia and Malaysia have entered or re‑entered the market, signaling broader reserve‑strategy changes. Gold prices...
In this episode, J.P. Gervais, Executive Vice President of the Ag Lending Portfolio at Farm Credit Canada, breaks down the 2025 Farm Credit Canada farmland value report, which shows a national average increase of 9.3%—the same as 2024—but reveals stark...
Japan’s retail rice price slipped below the ¥4,000 ($25.21) threshold for the first time in seven months, reaching ¥3,980 per 5 kg ($25.07) in the week to March 15. The decline marks the fifth consecutive weekly drop and follows an oversupply from...
Singapore jet at $230 a barrel tells you where the stress is showing up first Jet has been ground zero, then naphtha and fuel oil, with diesel next & gasoline last The whole barrel is now under stress. It's a system-wide shock #JetFuel...
In this episode, Argus senior reporter Elife Iboğlu and Tolga Yi Tekiciler, procurement manager at Tatmetal, discuss Turkey’s flat steel market amid tightening EU anti‑dumping and origin rules, upcoming EU quota cuts, and the loss of the UK’s galvanized‑steel exemption....
Good morning china 🇨🇳 At open on Tuesday, 3/24 SGE #Silver traded at RMB 16830.0/kg ($76.088/Troy oz) Spot #Silver is $68.440/Troy oz SGE premium at 11.2% over spot
The US‑Israel war in Iran has sent oil, gas, aluminum and fertilizer prices sharply higher, pushing global inflation expectations upward. Elevated energy costs are already biting manufacturers, farmers and freight carriers from India to Italy, while the conflict has forced...
Tisco Financial warns that a 10% rise in crude oil from a $72‑per‑barrel baseline could trim Thailand's GDP growth by 0.3‑0.4 percentage points and lift inflation by roughly 0.8%. The surge also strains the Oil Fuel Fund, which subsidises diesel...
The world has lost nearly a billion barrels of oil production, writes @ericnuttall They're gone for good That resets the baseline for oil prices The idea that crude just slides back to $60 once the shooting stops reflects a PROFOUND IGNORANCE about...
Is the Strait of Hormuz still closed and will the global oil industry drain down ~15 million barrels of petroleum stocks outside the Middle East today alone because of it? https://t.co/YQqTHgKaN9
The episode examines how the Middle East conflict is rippling through global energy markets, from plunging oil prices to strained LNG supplies and rising fuel costs in places like the Philippines. Experts Walter Todd, Ira Joseph, and Ray Coyle explain...
Why the war in the Middle East will have long term impacts on energy prices and our energy security. I talked to TRT World last night. https://t.co/Tia1QYZDBJ
The oil price is a combination of two things: (i) a physical shortage of oil in the here and now; and (ii) expectations for how long this conflict lasts. The latter channel is by far the more important one in...
Major U.S. and European liquefied natural gas (LNG) exporters warned on Monday that the ongoing hostilities in the Middle East have created a sizable supply shortfall, threatening global energy balance. The conflict has disrupted key export routes and halted several...
"Petrochemical Shutdowns Spark Industry Shock, Asian Markets Plunge: Naphtha shortages force South Korea, Japan plant halts as Asian stocks crash amid supply fears" https://t.co/SZ6pwkCiSi https://t.co/se32khyggJ
Will bargain buyers come into silver before month end? Last April we saw similar correction before silver went for $100 run. https://t.co/8s8UPSrWxJ
Oil CEOs say current forward contracts underestimate the market strain caused by the ongoing Middle East Gulf war. Physical supplies of crude and refined products remain constrained, creating a gap between futures prices and real‑world scarcity. Executives warn that as...
GS: Increasing Evidence of Oil Demand Destruction, Especially in Asia and for Jet Fuel https://t.co/ZXj2aGuaMX
African export restrictions on battery metals are a blow to Chinese companies that have spent billions of dollars developing mines there to dominate supplies https://t.co/yoI9r6fpaN
Tensions in the Middle East remain high as the United States and Iran stepped back from a potential escalation on Monday. ADNOC chief Sultan al‑Jaber denounced Iran’s continued control of traffic through the Strait of Hormuz as “economic terrorism” during...
Now, after the third incident of price manipulation, oil prices are rising again. Bent is about $104/b.
China cuts some hi-tech metals sent to Japan – but magnet exports rise. Why? https://t.co/7TeFEq0KsX
The provided submission contains no article text, only navigation elements, so specific oil‑price information for March 23, 2026 is unavailable.
Brent futures at $110 does not mean $150 is “theater” @robin_j_brooks Spot barrels & products are already trading there. The paper market ≠ physical market Put the esoteric models in the trash & ask any oil trader what's true #Brent #Oil #SpotMarket #Futures...
Silver's ~46% crash from Jan '26 highs looks like classic volatility, margin hikes, profit-taking after 130%+ run. Long-term? Fundamentals strong: 6th straight deficit in 2026, solar/EV/AI demand provides floor. Shakeout creates better entry. https://t.co/LXPHZL13Eg
The average global gasoline price is $1.37 per liter as of March 16, 2026. Prices vary widely; wealthier nations generally pay more, while oil‑producing or poorer countries pay less. The United States is an outlier with low prices despite high income. Tax...
HOUSTON - Freeport-McMoRan expects demand for copper for use in electrification, data centers and other high-tech areas to remain resilient despite market jitters tied to the Iran conflict, CEO Kathleen Quirk told Reuters on Monday. $FCX
Tankers carrying Arab light crude from the Western ports of Saudi Arabia Mapf rom @Kpler https://t.co/FT5mVn08sk
Middle Eastern liquified natural gas (LNG) might not come to Europe till June, and why speculative hoarding of oil is a serious concern going forward, per top shipping/energy hedge fund in shipping and energy trading A must watch
#BrentOil Comp big Down Candle and Bearish Engulfing. Resistance $112.1. Support $91.8, $84, $80, $69.2. Near MACD Bear Cross. RSI 63 dropped from Overbought. Top Bollinger Band $107.9. Midpoint Line $97.7. Bottom Band $87.4.
"Gold had an extraordinary sell-off. I wouldn't be surprised if this was a local low." @ramahluwalia https://t.co/rhrBApEEh7
"We are still seeing markets pricing some degree of oil disruptions. The worst scenarios are off the table, but also the best ones." @austincampbell https://t.co/Mn06ovDktZ
Gold Futs printed big wick energy off the 200-day MA + reclaim of Oct 2025 pivot high. This after Goldman reported $GLD experienced the largest monthly outflow since April 2013 -- capitulation? https://t.co/5qnVQMFUbq
By now, everyone knows it will take months for oil supplies to recover from this fiasco. And yet the oil price dropped pretty sharply on today's fake TACO. That seems significant to me...maybe, if we get a proper resolution, markets...
