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
India’s government announced a rapid spot‑LNG procurement to offset a 40% supply cut from Qatar, which has jeopardised domestic urea production. Petronet LNG invoked force majeure after tankers failed to reach Ras Laffan amid the West Asia conflict. The first procurement phase is expected to close by Tuesday, with global tenders for urea already drawing strong interest. Officials aim to rebuild fertilizer inventories ahead of the Kharif planting season, which peaks in May.
So to speak.... “Even the possibility that a hostile power could choke traffic in Hormuz—by far the world’s most vital energy and commodity artery—was considered to be absurd,” McNally told Fortune, largely because it hadn’t happened before. “When I would tell...
Coal India Ltd (CIL), which produces about 80% of India’s domestic coal, pledged to keep electricity prices fair amid the West Asia crisis that threatens imported coal costs. The state‑owned firm holds 122 million tonnes of pithead inventory and 53 million tonnes...
State‑owned oil marketing companies (OMCs) are weighing a freeze or discount on the refinery transfer price (RTP), paying refiners less than import‑parity rates to curb losses from a retail fuel price freeze. Global crude prices have surged above $100 per...
JPMorgan warned that Brent crude staying above $90 a barrel could trigger a 10‑15% correction in the S&P 500, creating a domino effect across global equities. The bank estimates the equity decline would shave about 1% off U.S. consumer spending through...
Escalating Gulf tensions have reignited a sharp rally in oil, with some analysts speculating prices could approach $250 per barrel. The piece ties this surge to a concurrent rise in gold, arguing that the gold‑oil ratio serves as a key...
Here it comes. Covering : - US Strike on Iran's Kharg Island - Impact on USOIL & trade idea with targets - Why Gold ( XAUUSD ) isn't moving higher & whats next for it - Stagflation update & its impact - US Indexes update &...
Good Morning from Germany, where petrol prices have reacted much more sharply to the oil shock than in the rest of Europe. Excluding taxes and duties, petrol currently costs about 94 cents per litre at the pump in Germany, compared...
Kevin O'Leary warned that Iran's threat to mine the two‑mile‑wide Strait of Hormuz underscores the world's ongoing reliance on oil. He highlighted that oil is the only commodity used across every sector, including by adversarial nations. O'Leary noted that securing...
COLUMN: While the price of Brent and WTI crudes remain well below their record high, the cost of fuel oil has surged above the 2022 and 2008 peaks. The surge is a big problem for the workhorse of globalisation: the container...
⭕️A large number of LNG carriers were diverted from Europe to Asia. Will China restarts buying US LNG? Map form @Kpler I added the red arrows
Diesel and gasoline prices in the Philippines are set to spike again this week, driven by the ongoing war in the Middle East. The Mean of Platts Singapore benchmark, combined with freight costs, suggests diesel could rise up to P23...
Gold and silver prices in India have shown heightened volatility as global macro factors and Middle East tensions influence market sentiment. On the MCX, April gold futures fell 0.6% to ₹1,60,651 per 10 gm, while May silver futures slipped 0.29% to...
China eases ban on BHP iron ore after steel mills rush to buy in amid price rises https://t.co/WaN0cB2ddK
By the way, by giving a waiver for Russian crude on water to be sold freely on the market, Trump single-handedly eliminated the "price cap." The "price cap" was one of the lowest-IQ policy decisions in recent years.
The Democratic Republic of the Congo’s Deputy Prime Minister Daniel Mukoko Samba met with the Professional Group of Petroleum Product Distributors on March 10, 2026 to assess global oil market volatility. The discussion focused on the recent Brent crude surge...
comex silver vault update Registered: 79M oz (2,457 tons) Daily Change : -2.6 M oz (81 Tons) left the vault on Thursday WTD Change : - 142Tons
Jet fuel prices have spiked to $150‑$200 a barrel after the U.S.–Israel attack on Iran, more than doubling pre‑conflict levels. The surge, compounded by the closure of the Strait of Hormuz, is forcing airlines such as Qantas, SAS and Air...
The United States launched a missile strike against Iran’s Kharg Island terminal, the country’s main oil export hub, late Friday and early Saturday local time. The attack targeted the facility that handles roughly 30% of Iran’s crude shipments, aiming to...
OPEC’s crude output jumped 640,000 barrels per day in February, the steepest rise since June, driven largely by Saudi Arabia’s production increase. The kingdom lifted output by roughly 340,000 bpd to 10.34 MMbpd and later signaled an additional boost of about...
The Trump administration has initiated an 86 MMbbl drawdown from the Strategic Petroleum Reserve, the first phase of a 172 MMbbl release slated for four months. This move is part of a broader 400 MMbbl coordinated effort with allied nations to ease soaring...
Brett Arends argues that oil prices are unlikely to surge to $150 a barrel, despite recent sensational forecasts on Wall Street. He outlines three reasons to doubt the panic, emphasizing that speculative headlines often ignore market fundamentals. The piece critiques...
Gasoline Surge Above $3 May Fuel Reversion Toward $2 - The national average gasoline price has jumped above $3 a gallon on the back of the Iran war, which may fuel reversion toward $2 by year-end. My graphic highlights a...
In this episode Sean Haney reviews a volatile week in Canadian agriculture, linking the Iran‑Iran war’s impact on fertilizer, diesel and commodity markets to on‑the‑ground farm decisions. He interviews Patrick DeHaan of GasBuddy on soaring diesel prices, discusses a new...
The ongoing U.S.-Israel conflict with Iran is beginning to ripple through the global energy market, prompting concerns about oil shortages and higher prices. A panel on Washington Week with The Atlantic highlighted rising gasoline costs and the lack of a...
U.S. gasoline prices have surged nearly 30% year‑to‑date, reaching $3.64 per gallon as the Persian Gulf conflict tightens oil supplies. Brent crude climbed to $103 a barrel and WTI to $98.7, up roughly 70% since the start of 2026, driven...
Prices for key compound‑semiconductor metals have surged, with tungsten, tantalum and molybdenum doubling and gallium climbing 123% to $2,100 per kilogram. The spike follows China’s late‑2024 gallium export ban to the United States and is amplified by the Middle East...
$Silver - I expect it to hit the 20 week MA again next week or the following week. If it holds above the 20 week MA it will likely move higher into late April but not make a new ATH....
$Gold - Closed lower for a 2nd week in a row but it's still above the 10 week MA. As long as it's above the 10 week MA this is likely to be another consolidation that will lead to a...
U.S. Interior Secretary Doug Burgess announced that the United States can provide a reliable, affordable and secure energy supply to the Asia‑Pacific amid the Middle East war that has disrupted oil flow through the Strait of Hormuz. The Trump administration’s...
A barrel of oil lost anywhere is a barrel lost everywhere. It’s a global market and acute scarcity in the Middle East/Asia will inevitably spike prices in North America as markets work to incentivize cargoes to fill the hole. US foreign policy...
Newsom drove one refinery to shut down last year and one that will shut down in another month. Our gas prices were already sky high because of these actual and forecasted closures - it forced us to import gas and...
Oil prices have surged sharply this month, driven by geopolitical friction and OPEC+ output curbs, but analysts argue the rally is transitory. Global inventories remain ample and demand growth is modest, limiting upward pressure. Historical data shows oil’s price cycle...
IEA just released 400M barrels from emergency reserves. That's one-third of their total stockpile. For context, the largest prior release was during the 1973 oil crisis. This is not normal. $WTI https://t.co/pSOwsqWZJ0
Correct. I’ve said since day one that with a disruption of this magnitude, the only thing preventing oil prices from soaring much higher than $100 is a market bet that Trump finds a way to declare mission accomplished very soon.
Thai refiners have secured a rare cargo of North Sea Forties crude, purchasing roughly 700,000 barrels from Trafigura for a late‑March shipment. This marks the first Thai acquisition of North Sea oil since Bloomberg began tracking in 2019, highlighting a...
Not nasty — prescient. Our Battlespace and Barrel Flow report modeled 7- and 30-day Hormuz closure scenarios (among others) in June 2025 because the risk was real and our clients needed to be prepared. No one's enjoying this.
If you’re following the fertilizer stuff you need to follow Josh. His main thing is not speculation (actually performs a service for the world by helping farmers) but his ags market insights were invaluable to me during early 2022.
A mental model for how to think about the current oil shock: As I said I’m sure 10 different economists have 10 differing econometric models on what price that flip occurs but you get the idea
$USOIL - Closed above the 50% retracement level on Friday. Next week it's headed to at least the 61.8% retracement level at 103 and possibly to the 78.6% retracement level at 110. https://t.co/vUmCz2yZlr
WTI futures price rose $7.81 (9%) from $90.90 to $98.71 week ending March 13 Higher price movement is likely on Monday based on 12-month spreads #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/qQdFuuupRU
If you need 100% of something and I take 2% of it away, you don't have enough of it. So, then, the market needs to reduce your demand by 2%. As it turns out, Americans will pay a lot for...
Paying in Yuan for Hormuz passage doesn't work, writes @biancoresearch Oil markets run on liquidity and deep capital markets. China’s financial system can’t absorb global oil flows, There’s no way to verify settlement currency at sea. #OilMarkets #Hormuz #DollarSystem #Geopolitics
Thank you @JMathieuReports and @tylerskendall for having me on @business Balance of Power yesterday, just before Secretary Burgum, to talk about oil, Iran, SPR, pump prices, and the federal government intervening in oil futures markets. @RapidanEnergy https://t.co/0RqDeHN4qa
Hard Assets vs. Financial Assets in a Multipolar World 2026 Coal $CNR +33% Oil & Gas $XOP +33% Natural Gas $FCG +27% Gold $GLD +16% Uranium $URNM +16% Silver $SIL +13% Copper $COPX +6% Nasdaq $QQQ -3% Mag 7 $MAGS -9% Banks $KBWB -10% Bitcoin $IBIT -19%
Brent & WTI crude oil leading YTD, Energy strong, gold hanging in there Financials & bitcoin weakest https://t.co/B5BLF2EwNT
‘The largest supply disruption in the history of the global oil market’: IEA’s take on the Hormuz crisis https://t.co/H9zKo9tCi4
Brent above $100. WTI near $99. Strait of Hormuz shut. 20% of global oil at risk. IEA released 400M barrels from reserves — the largest ever. And it barely moved the needle. $WTI $USO https://t.co/Ue451KrbMz
Why oil shocks still hit everything we buy. “We should be very concerned, the longer the conflict lasts, the more prices will rise and ripple through the economy.” From petrol to plastics, another fossil fuel crisis shows how exposed economies remain...
Crude has been a rough player in the past too, in India. Our average crude basket, yearly, looks like this : https://t.co/vC7nJ09nnd
