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
A missile strike on Qatar's Ras Laffan LNG hub disrupted 17% of global LNG capacity, sending urea prices 50% higher to $720 per tonne and ammonia to $600 per tonne. The spike threatens India's Kharif season, raises food inflation and forces the country to rethink fertilizer sourcing.
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Turkey eliminated the special consumption tax (OTV) on diesel on 20 March, causing the tax buffer to disappear as oil prices and refinery margins surge. The government’s “echelle mobile” mechanism now deducts 75 % of required price hikes from OTV, leaving the...
Oil expert Stephen Schork on Brent & WTI prices & the war in Iran: "[The WTI contract] is the hope market. The Brent market is the real market that is pricing the real events going on, and that blowup [Brent...
It’s not really that simple… Ethanol prices depending on the cost of production… At 5% blending, the ethanol component is 5.5 cents…. Should we stop blending? Not really… that ethanol value chain creates jobs for thousands of people… it creates opportunities...
Brent crude climbed to $108.29 a barrel and WTI to $98.32 as the Iran‑Israel conflict shut the Strait of Hormuz and damaged Gulf infrastructure. Analysts warn the supply‑risk premium could linger for years, while the IEA released 400 million barrels to...
Brent crude: $110/barrel. Up 54% in a month. Let that sink in. Fifty-four percent. In thirty days. This isn't a price move. This is a supply shock. And supply shocks don't negotiate with Fed dot plots. Everything you think you know about 2026...
Why on earth aren't major media outlets asking this obvious question? The Trump administration just issued a sanctions waiver allowing 140 million barrels of Iranian oil currently at sea to be sold. Meanwhile, Iran's oil exports have surged before the...
The Cboe Crude Oil ETF Volatility Index (OVX) has surged to 108, roughly three times its level at the start of 2026, as the U.S.-Israeli conflict with Iran disrupts about 20% of Persian Gulf oil output. This spike eclipses volatility...
A look at #Oil prices, post 2010 we have been able to handle elevated prices, but elevated prices and rates aren't a positive when duration is applied #energy #Economics #Chartdaddy
$Gold - Closed the week below the 20 week MA for the 1st time since 2023. Since it didn't break the February low(4402), I'm not sure it's significant. It depends on whether it holds above 4400 or not. If it...
Global LNG supply disruptions, highlighted by Qatar’s Ras Laffan plant shutdown, have removed roughly 14 % of monthly forecast capacity, pushing European natural‑gas prices up about 65 % to multi‑year highs. The tightening market creates investment opportunities in un‑hedged upstream firms and commodity‑focused...
The Chartfest on 21 March 2026 highlighted a sharp escalation in global oil prices following the Middle‑East conflict, with benchmarks hitting record highs and strategic petroleum reserves under strain. Russia’s oil tax revenues surged as Urals prices peaked, while Qatar’s LNG exports...
The European Commission has asked EU member states to cut their natural‑gas storage target to 80% of capacity, ten points below the official goal, and to begin refilling reserves gradually. The request follows a sharp 35% surge in European gas...
The 1973 oil embargo lasted six months and triggered a 48% drawdown in the S&P 500. This conflict is three weeks old. Oil already up 40%. Supply-driven oil shocks create the same policy trap every time. The Fed can't ease because...
Gold junior stocks have slumped more than 30% as the sector wrestles with the steepest price retreat in six years, yet the metal still trades about 35% above its 2025 average. Rumble Resources (ASX: RUM) has fallen to a $53 million...
The Philippines' Sugar Regulatory Administration imported 424,000 metric tons of sugar, far exceeding the industry‑recommended 150,000 tons, creating a massive oversupply. The glut drove cane prices down 38% and molasses prices down 56%, pushing farm‑gate rates below production costs. The...
Gold prices plunged 10% this week, sitting 20% below the recent January peak of $5,608, while silver slumped 44% from its own high of $121. Both metals remain above their 200‑day moving averages, though they have slipped beneath the 100‑day...
India’s crude oil imports plunged 23% in the first half of March as the Strait of Hormuz remained closed, sharply curtailing Gulf deliveries. Refiners responded by nearly doubling purchases from Russia, which now accounts for about 44% of total imports,...
State‑run oil firms raised bulk diesel prices by roughly ₹22 per litre, a 25 percent jump, to cushion soaring crude costs linked to the Iran war. Retail premium petrol saw a modest ₹2 per litre increase while regular grades stayed unchanged....
Unreal amount of why is gold down posts gold had more than doubled an was 100% above its 200 wma (highest since the 70's). Selling the news is not some big mystery. Keep in mind the largest returns came from...
US suspends Iran oil sanctions for a month, allowing sale of all barrels on water as of March 20. Another band-aid. There are no more than 30 million barrels of Iranian oil in floating storage waiting for buyers, as per ship-tracking...
Oil prices are edging toward $100 a barrel for Brent crude as the Iran war disrupts the Strait of Hormuz, pushing national gasoline averages to $3.91 and squeezing low‑income households. Economists warn the ripple effect will raise costs for everything...
Yes, but there is more to it than just that..... such as the $27 spread in CLK26/CLK28 May 26 WTI Crude Oil Futures settled $98.23 May 28 WTI Crude Oil Futures settled $71.23
Will higher oil cause a recession? @sonusvarghese and I discussed this in our latest Glass Half Full. https://t.co/Jc7IFlbB5X
QatarEnergy announced it will invoke a multiyear force majeure on several long‑term LNG contracts after two of its export trains were struck by Iranian missile attacks. The suspension affects key offtakers across Asia and Europe, potentially curtailing deliveries for years....
FEDWATCH: “.. If [India’s tanker] passage is successful, other countries may follow the Indian example. .. “.. the only way crude price volatility cools off is if there is a decisive winner, which is increasingly looking to be Iran.” [Emons]...
China polysilicon prices fall over 13% year-to-date as below-cost selling persists #energysky -- via pv magazine global: https://t.co/09RxxnPHxz
The war in Iran and attacks on Qatar's Ras Laffan terminal have driven European spot LNG prices above $20 per million British thermal units, more than double pre‑conflict levels. This price surge fuels concerns that volatility could erode buyer confidence...
This was a good chat on @CNBC Friday about fertilizer supply. The issue for farmers isn’t about high prices for this year’s planting season — they’ve already ordered. The issue is whether they’ll get delivery on their order at all. @moneymoverscnbc https://t.co/uaoLjqU0Vc https://t.co/pBZlY83EA0
CHART OF THE DAY: Despite sanctions, ahead of the war, Iran's total oil production had hit a 46-year high. Although most of the attention is on crude, Iran has focused in expanding its output of condensates and natural gas liquids —...
The United States has remained largely untouched by the recent turmoil in global gas markets caused by the Middle East conflict. Domestic natural‑gas production is at a record high, and LNG export terminals are operating near full capacity. Spot gas...
The International Energy Agency in Paris reports “the war in the Middle East is creating the largest supply disruption in the history of the global oil market.” TRUMP & NETANYAHU'S WAR PLANNERS -- NOT THE SHARPEST KNIVES IN THE DRAWER --...
This is from like two hours of my work as an amateur but in my opinion the sulfur squeeze could be immense and Cavvy Energy has the most exposure to sulfur prices
“Just enough damage to knock competing infrastructure offline. U.S. LNG steps into the gap. The competing corridor is gone before it opens.” US LNG stocks are outperforming as LNG glut is removed & US restructuring plans in GCC are quietly negotiated. #IranWar
Around 40% of gas stations in Laos and about a third in Cambodia have closed because of fuel shortages.
$Silver - Closed the week below the 20 week MA. That may lead to further downside to the yearly pivot at 61.33. If it breaks below 61 we will likely see a crash to 50, the level of the major...
Goehring & Rozencwajg's oil super-cycle has have been wrong for a decade The argument is disconnected from a debt-saturated, low-growth, war-fractured world Scarcity can spike price But it can also crush demand, trigger recession, & kill the bull case https://t.co/fOpvyVFTKH #Oil #OilMarkets #Energy #Macro #Recession...
EU tells member states not to wait to fill up gas storage https://t.co/QWu2AXIWUa via @johnainger https://t.co/iuJD7NDt15
🟥TRUMP’S SURPRISE IRAN OIL U-TURN: 30-Day Waiver Unlocks 140M Barrels: ▪️Will IT LOWER OIL PRICES? (ask your company to subscribe) Link: https://t.co/XUVxhDoQuD
The Narrowing Straits: Why the Middle East Crisis is a Fault Line for Global Industry "..headlines focus on price of oil at the pump, a deeper story lies in dislocation of energy markets and the global breakdown in the traditional distribution...
Fed raised its 2026 inflation forecast from 2.5% to 2.7%. With Brent above $113 and the Strait of Hormuz shut, good luck hitting even that number. Oil shocks don't resolve in a quarter. Ask anyone who traded through 1973. https://t.co/ILkHjGA6m2
Gulf oil and gas flows may take months or years to restore. That means this is not a temporary price spike. It's the biggest oil shock in history And it hits the heart of the global economy. https://t.co/DOP0vnh2av #OilMarkets #LNG #Hormuz #EnergySecurity #IranWar
The market is currently betting that this whole "Hormuz problem" gets cleaned up in the next 30 days. And I’m looking at the data from my office in Abu Dhabi, and so far it’s heading that way. But if that two-mile-wide...
United Airlines planning for oil to reach record $175/barrel, cutting 5% capacity https://t.co/SC3sCiQctU (via TAC/Intel)
In just two weeks, Middle East Oil on Water has collapsed by 175 Million Barrels. "Truly staggering" - @Rory_Johnston (it's his chart). "It’s impossible to overstate the magnitude of this dislocation." 1/3 https://t.co/iYwEtzNH9E
US loans ~45 millions barrels from the Strategic Petroleum Reserve — significantly fewer barrels than the 86 million the government offered as part of the SPR “exchange” first tranche.
Oil crisis: 'nothing comes close to this', says Qamar Energy CEO https://t.co/tC2I61KQyK via @mattfrei @QamarEnergy
Copper just dropped 4.8% in a single session. LME inventories at highest since 2019. When Dr. Copper rolls over while oil surges, it's telling you something ugly about global demand. https://t.co/qDHoGINfEz
Oil price and GDP effects of SoH closure for one, two or three quarters. https://t.co/JOzrf3rVQR
Bichler and Nizan’s latest: How the relative earnings of the core oil companies vary with the oil price. Featured in today's Chartbook Top Links: https://t.co/rSQKknEmX7
