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 U.S. Energy Information Administration’s March Short‑Term Energy Outlook raised its 2027 crude oil production forecast by about 0.5 million barrels per day, citing higher West Texas Intermediate prices. The agency now expects average output of 13.61 million bpd in 2026 and 13.83 million bpd in 2027, up from the February outlook. Higher price assumptions—$74 per barrel in 2026 and $61 in 2027—are projected to boost drilling, especially in the Permian where new pipeline capacity supports growth. A modernized modeling system will deliver more granular, well‑level forecasts.
Fascinating to see where Brent and TTF are trading right now after the last 24 hours of attacks and counter attacks. Brent is up a mere 3%, and TTF is lower than at the peak on Tuesday March 3rd. The...
$Silver is trading below its 100 day MA for the 1st time since its April 2025 low. However, I don't think it's relevant since it retested the February low earlier today, so unless it breaks below 64 it probably made...
U.S. paving firms warn that asphalt costs are climbing as crude oil prices surge amid the Iran conflict. In the Northeast, the average price per ton has risen 4‑5% over the past year, while some regions like Kansas see modest...
Crude Oil - Imp Update WTI & Brent crude Premium Gap is $17 now Normal Premium $4-5 Means $10-12 additional premium due to Geopolitics We have seen similar trend in Silver before the 20-23% fall came If any positive trigger will...
Newmont Corp (NEM) slumped 9.4% to $96.70, marking its lowest price since December and its worst trading day since April 2024. The decline mirrors a broader gold‑price sell‑off triggered by persistent inflation fears, steady Federal Reserve rates, and heightened geopolitical...
On March 19, 2026, Brent crude rose to $113.71 per barrel, up $4.93 (4.5%) from the previous day and more than $42 above its level a year ago. The price has jumped over 60% in the past month, reflecting tightening...
Residential electricity prices in the United States have surged, climbing 44.4% between April 2020 and January 2026, according to Bureau of Labor Statistics data. The Northeast Census Region now pays the highest average rate at $0.265 per kilowatt‑hour, while the South remains...
Of course it's possible that oil goes to $200. But that kind of price level basically assumes a return to full shut down for all oil coming out of the Persian Gulf and a very low price elasticity of demand....
It's all about Oil and Natural Gas. Brent Oil hits $110 and higher. Natural Gas is skyrocketing. As a result, markets have been tumbling as another escalation is unfolding in the Middle East. If this doesn't consolidate, I don't see a reason for the...
Europe’s energy markets were jolted on Thursday as military strikes on Qatar and Iran drove natural‑gas prices above €70/MWh and Brent crude past $114 per barrel, levels not seen since the 2022 Russia‑Ukraine war. French officials highlighted that 90% of...
Surging Crude Oil Prices: The geopolitical unrest caused Brent crude oil prices to spike past $115–$118 per barrel. As a major energy importer, this poses a significant risk to India's inflation outlook, the rupee, and corporate profit margins.
The escalating US‑Israel‑Iran conflict has pushed crude prices above $120 a barrel as Iranian forces strike Gulf oil and LNG infrastructure and the Strait of Hormuz remains closed. Analysts warn that the disruption could evolve into a prolonged supply shock,...
Iran War Sparked Gold/Crude Reversion - Significant reversal potential, with a worthy catalyst, may be the takeaway from silver reaching its highest ever vs. copper and crude oil, and from the gold/crude ratio peaking in January. Was the Iran-US conflict...
2026 Pump-Then-Dump Risks in Both Gold and Crude - Gold's big green 2026 annual candle to its Jan. 29 high of $5,595 an ounce risks turning red by year-end -- particularly if the Strait of Hormuz is secured -- with...
The war in the Middle East has driven global oil prices higher, pushing Philippine diesel costs up more than double. Jeepney drivers like Toni Prado now earn as little as 200 pesos a day, down from roughly 1,000 pesos, prompting...
I'm a fan of the debasement trade and think precious metals will keep going higher over the medium term. But the fact that gold keeps falling when it should act as a safe haven also isn't nothing. Gold is now...
Corn, soybeans and wheat rallied this morning as strength in the energy complex spilled over into grain markets. The rally is tied to heightened uncertainty from the expanding US‑Iran conflict, which has disrupted energy infrastructure and kept investors seeking safe‑haven...
Gold delivered the strongest return among major asset classes in 2025, climbing roughly 64% and breaching $5,000 per ounce in early 2026 with an 18% January surge. The rally was fueled by heightened geopolitical risk, a weaker U.S. dollar, aggressive...
China has imposed strict limits on fertilizer exports, banning nitrogen‑potassium blends and many phosphate varieties while allowing only a few products such as ammonium sulphate. The curbs affect up to 40 million tonnes, roughly half to three‑quarters of last year’s shipments,...
Brent is at $115. As oil prices rise, the risk of a Trump TACO also rises. That in turn depends on dysfunction in global markets. At the moment, even with Brent up 70% from a month ago, markets are looking...
Gold and silver prices are sliding as concerns mount over the dollar and the broader fiat currency system. The decline mirrors the 2008‑2009 financial crisis, when gold fell from $1,000 to $680 before rallying to a $1,920 peak in 2011....
One of the most recurrent questions I’m seeing at the moment is – why are #gold prices not going up, when we’re seeing one of the biggest risk events in the last 10 years, and when gold was a major...
Perfect day to ask the question... the price of $gold a year from now will be
Three “oil prices” isn’t just geography—it’s quality + refinery demand. Oman (sour, heavier) = scarce barrels complex refineries need → blowout Brent = global seaborne benchmark → war risk premium WTI = light sweet, inland → discounted #OilMarkets #Crude #Energy #WTI #Brent #Oman
The Strait of Hormuz carries roughly 20% of the world's oil supply. Iran has now completely disrupted it and Brent crude surged to $115 this morning. The Fed can't cut its way through a supply shock. And Bitcoin's entire bull case for...
i can hear the copper stock investors from here... "but, but, but, there is a shortfall of copper" why are the stocks falling? $COPX $FCX $SCCO answer: more supply than demand... they rallied hard, many were surely late, and now...
QatarEnergy CEO says the Iranian attack overnight damaged ~17% of its LNG production capacity, and it would take 3-5 years to repair the damage. https://t.co/LWYkomhG8G
European gas is now >6x the price of US gas. US nat gas assets becoming more valuable by the day.
[Editor's Pick] European Freight Rates Face Immediate Corrections on Soaring Diesel Prices - https://t.co/0yXOKgPT8A @TransporeonUS @TrimbleCorpNews #dieselprices #EU #trucking #transportation #logistics #supplychain
Germany weighs windfall tax as Iran war drives fuel price surge https://t.co/9SNpQgvAXy via @KowalczeKamil https://t.co/YrOXXrSiVq
FWIW - "Cheapest Gas Near Me" searches tell us that while consumers are now concerned, they still aren't as panicked as they were during 2022 when Russia invaded Ukraine. https://t.co/P4wIhotOdw
🇺🇸U.S. export sales were modest all around last week with wheat and soybeans falling below all expectations. The corn volume is a bit more normal for the week historically but somewhat underwhelming in the context of 2025/26's record pace. https://t.co/3LR2fLgFuR
What US Treasury Secretary Scott Bessent told @FoxBusiness about unsanctioning Iranian barrels -- and a potential 2nd SPR release. (I look forward to see how KSA, UAE, Iraq, Qatar, and Kuwait feel about unsanctioning Iranian oil barrels) https://t.co/buyI81abII
GC: overnight downside follow-through with more range expansion. Key reference point still in play. https://t.co/HJ2JZL0ipm
Brent near $110. WTI at $96-103. Strait of Hormuz blocked. $XLE at all-time highs. $SPY at 2026 lows. This is not an oil rally. This is a tax on every consumer, every margin, every growth assumption. https://t.co/QUhNdfGuZ7
Funny reading back through the comments from the trolls now in a panic with Silver almost at 50% of its Jan high What ever happened to the Silver supply shortage and the big premiums in China?
Commodities plunged post China yuan devaluation in 2015. I wonder if there is a signal here for Gold & Silver. China isn’t exporting their refined products to neighbors who are at great risk. China has 3-4 months of reserves itself -...
Big thanks to @Aaron_Krolik for including me in this great @nytimes story on how Russia is a major beneficiary from the sharp rise in oil prices. Temporary US waivers of Russia sanctions are de-stigmatizing Russian oil and giving Putin a...
Platinum has now entered an intermediate bear market The problem with intermediate bear trends is that they can become complete routs https://t.co/MdjgBz11ky
This is not good news for an already strained global energy market. The longer this goes on the more long-term damage will be done to oil production that will take markets longer to recover from. Oil prices will not “drop...
“The price of Brent crude surpassed $118 a barrel on Thursday, an increase of nearly 10 percent, but has since pared some of those gains.” https://t.co/Z9YDmbtUW3
Reminder from 2003 Iraq invasion, Gold dipped sharply right after start of war due to margin liquidation despite pre-war rally. Then roared for 7+ years. Today's US-Iran tensions + recent pre war rally = similar early pressure? Margin calls and sell the...
$3.19 RBOB gasoline futures imply $4.10 AAA average gas price in a couple weeks https://t.co/7IwQpsyBoY
Disruption of LNG supplies from Middle East showing what an excellent idea it has been from our wonderful political class to run down the North Sea.
NEW ODD LOTS HOW THE IRAN WAR WILL SQUEEZE AMERICA'S FARMERS EVEN FURTHER @TheStalwart & I brought back @AgrisAcademy's Jeff Kazin and Mike Rohlfsen to talk about how surging oil and fertilizer costs will make things even harder for farmers: https://t.co/sk6083JH4Y
Airlines have been warned that they will face jet fuel shortages as soon as next month, risking flight cancellations
Difnt explntns gold selloff by difnt people: 1. Reporters/Jr. anlysts: high inflation ends case 4 rate cuts 2. Jr.Traders: Selling few green holdngs to lock gains & absorb portfolio losses 4. AdvisoryNewsletters: Iran selling to finance ... 3. Sr Traders: Margin...
Gold within striking distance of its February nadir as well... not far from bear market territory https://t.co/anEt7yJTiQ
Brent soars 6%... now $16-$17 above WTI... Gasoline futures jump another 8.5 cents... Gold and silver destroyed https://t.co/qLglGU9Cbr
