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
Gold prices have entered a consolidation phase, closing the week of Feb 20 at $5,067 per ounce, while a stronger dollar presents short‑term pressure. Ghana’s gold output rose to 187 t in 2023, positioning it as Africa’s top producer and potentially the world’s fifth‑largest, prompting royalty reforms of 5‑12% and a compensatory levy cut. Silver bar and coin sales surged 188% month‑on‑month, contrasting with a 19% drop in gold sales, as investors shift to the higher‑performing metal. Platinum remains steady around $2,100 per ounce, buoyed by Stellantis’ diesel‑focused production amid slower EV adoption in Europe.
Natural gas futures for March surged early Monday as cold‑weather forecasts sparked heightened demand and a short‑covering rally. Prices tested key resistance levels ahead of the contract's Thursday expiration, prompting analysts to warn of increased volatility. While the immediate upside...
BMO Global Commodities Research warns that tungsten prices have surged fivefold in the past year as chronic under‑investment and tightening Chinese supply create a looming shortage. With China providing about 75% of global output, ore‑grade declines, environmental limits and export...
Indian DAP stocks slipped to just under 1.9 million tonnes in January, marking the fourth consecutive monthly draw. Imports plunged to 70,000 t while domestic production held steady at 342,000 t, and sales rose to 535,000 t, outpacing the three‑year average. Despite the short‑term...
Uganda announced plans to connect its new standard gauge railway to Tanzania’s under‑construction rail network. The line would run from the Tanzania border through southwestern Uganda to Mpondwe on the DRC frontier, linking mineral‑rich regions to the port of Dar...
I am seeing many market analysts include the accumulated copper stockpiles in the US in their global balance of copper stockpiles and therefore conclude that there are >1 million tonnes of available copper in global stockpiles today. I am not...
Sell the 2026 Open, Buy the Close? Bitcoin, Copper, Silver Tilts - Potentially prudent shorts around $90,000 for Bitcoin, $6 per pound for copper and $100 an ounce for silver could gain traction -- and companions -- when stock...
In the February 23, 2026 Gold Daily Call, Florian Grummes analyzes the current gold market, noting a sideways consolidation phase with higher lows and higher highs suggesting a potential breakout toward the $5,350 level. He highlights the bullish momentum in...
The UK government is preparing to incorporate oil refining into its Carbon Border Adjustment Mechanism (CBAM) to shield the remaining domestic refineries from escalating carbon costs. A call for evidence will feed into the Future of Fuels strategy, slated for...
Teekay Tankers sold its 15‑year‑old VLCC Singapore Spirit for $84.5 million, a deal widely linked to Korean buyer Sinokor. Recent disposals by CMB.TECH of similar‑aged vessels also point to Sinokor’s aggressive purchasing pattern, with the firm tied to over 40 VLCC...
In this episode the hosts review their recent commodity trades, highlighting a 50% profit take on a short cocoa position after hitting the first target and the closure of a long heating oil trade following two strong rally days driven...
China signals looser policy and faster green transition for 2026, supporting steel and non-ferrous demand. https://www.metalnomist.com/2026/02/china-2026-economic-policy-direction.html
New @nberpubs: "A Theory of Subsidy Harvesting in Livestock Price Insurance" https://t.co/a2BTA7aoME "The subsidy harvest is a pure rent and costlier than a direct payment because it requires administrative oversight and federally-subsidized delivery" https://t.co/gmAA7SjVyG
The Cboe report shows the S&P 500 1‑month skew surged to a one‑year high, reflecting heightened demand for downside protection as tariff policy uncertainty intensifies. Oil implied volatility spiked to 52% after fears of a US‑Iran conflict, while equity and rates...
New @nberpubs: "Industrial Policies for Multi-Stage Production: The Battle for Battery-Powered Vehicles" https://t.co/DX6XB7e1R0 "local content requirements... drive up costs and reduce subsidy uptake, undoing more than half of the EV adoption stimulus coming from pure buyer subsidies" 😲
UNITED STATES exported an average of 14.8 billion cubic feet per day (bcf/d) by tanker and other 9.4 bcf/d by pipeline during the first eleven months of 2025. Total exports exceeded the combined consumption by households (12.0 bcf/d) and offices,...
Clear Grain Exchange (CGX) reported a more balanced grain demand last week, with wheat and barley each accounting for 34% of trades, a sharp shift from wheat‑dominated activity the week before. Canola represented 15% of transactions while pulses and other...
Syria's oil production is a zero-rounding error @NoamRaydan Current levels are roughly 100–120 kb/d. Max production before the Civil War was 400 kb/d. As you note, its heavy, sour crude must be exported to Greece or Italy b/c it has no complex...
Europe’s gas problem isn’t a lack of LNG — it’s a lack of buffer, writes @seb_kennedy With storage below 32%, even hypothetical risks like Hormuz move prices fast. #TTF #LNG #EnergySecurity #GasMarkets #Geopolitics
The Generator Statistical Digest 2025 (GSD2025) shows that new FCAS resources now dominate all ancillary service categories, with grid‑scale batteries providing the bulk of enabled capacity. Ancillary‑service units classified as "Electricity" also hold a sizable share, especially in raise regulation...
Lodestar Minerals announced that reconnaissance sampling at its newly acquired Virgin Mountain project in Arizona returned exceptionally high rare earth oxide grades, including up to 3.73% total rare earth oxides (TREO) with a heavy rare earth (HRE) dominance. The assays...
Wheat futures posted a three‑session rally as compressed spreads triggered massive short covering after the VSR observation period ended. Export commitments now cover 92 % of the USDA’s annual target, while Russian strikes have reduced Ukrainian Black Sea export capacity by...
January PPI lands Friday. Core PPI already printed +0.7% MoM vs 0.2% expected — biggest monthly jump since July 2025. NY Fed puts underlying PCE trend at 2.83% by December, up from 2.55% in September. WTI crude +15.6% YTD. Rapidan...
CAFCA Limited posted a 3% year‑on‑year increase in total sales volumes for Q1 2025, propelled by a 21% surge in copper product volumes. Export shipments to regional markets leapt 77% after the company overhauled its distribution model and eliminated consignment...
In this episode of Lead‑Lag Live, Will Rhind, founder and CEO of GraniteShares, explains why platinum is experiencing a resurgence due to a structural supply deficit and the waning of peak‑ESG assumptions, while gold continues to hit new highs but...
ConocoPhillips is weighing a $2 billion sale of Permian basin assets located in the Delaware basin, assets it acquired through deals with Concho Resources and Shell. The move is part of a broader portfolio streamlining that followed its $17 billion Marathon Oil...
In this episode, The Macro Butler interviews the Arigato Investors to explore why gold remains a safe‑haven asset during market turbulence and how its appeal is evolving. They discuss the shifting financial centre of gravity toward Asia, highlighting Hong Kong and...
A new scramble for Africa's critical minerals—lithium, cobalt, graphite, platinum‑group metals and rare‑earth elements—is driven by global green‑energy supply chains. The article argues that regional blocs such as SADC, ECOWAS and EAC must coordinate policies to move from raw‑material exports...
The oil glut narrative is dying or dead A market rallying 18% YTD isn’t drowning in supply. Yes, barrels exist on paper But sanctions, disruptions, inventories & geopolitics mean they’re not available where prices are set. These views are from the @BloombergNRG article. I agree...
India’s power demand rebounded sharply in December, posting a 6.3% rise, and continued climbing in January as a harsh winter and improving economic activity spurred electricity consumption. The surge is expected to lift coal demand, reversing a period of weakness...
Triple Eight Capital’s Roscoe Widdup warns that gold remains the market’s biggest trade, with bullion prices poised to climb above $5,000 per ounce. He highlights that top gold miners are trading at less than 10 times forward cash‑flow, a steep discount...
REalloys signs 5-year SRC deal for NdPr, Dy, Tb and funds Saskatoon capacity expansion. https://www.metalnomist.com/2026/02/realloys-rare-earth-supply-deal-with.html
Invenergy announced a supply agreement with Tallgrass to provide natural‑gas infrastructure for up to three new gas‑fired power plants in Arizona’s Maricopa and Yuma counties. The deal comes as the utility expects electricity demand to surge more than 40% over...
Japan’s deep-sea rare earth find at Minamitorishima sounds like a game-changer. And on paper, it is. The 50-50 mix of light and heavy rare earths is impressive, especially since heavy elements are the truly scarce ones. The bad news is it’s...
January Natural Gas vs. Lower Energy, Rates Goals - The January natural gas future (Jan27) is typically the tip of the price curve and will be tops in relevance around the US midterms, with a potential downward bias. Preexisting trends...
YPF SA is committing to keep its $3.5 billion upstream capital spending unchanged, even if oil prices slip to $55 per barrel, to sustain its shale push in the Vaca Muerta basin. CEO Horacio Marin said the company has raised a $1 billion war...
BULL CASE: ETF inflows sustain, 72K breaks, CLARITY Act passes, whales' 236K BTC accumulation since December proves prescient. BEAR CASE: Tariff uncertainty persists, institutions keep distributing into retail buying, 65,600 USD breaks and opens a path to 60K. MY CALL: Range-bound between...
In this episode, Alasdair Macleod and Andrew Maguire of Kinesis dissect the ongoing silver squeeze, highlighting how massive short positions in China and robust physical demand are forcing paper markets to the brink. They explain the eastward shift of price...
Chariot Plc announced a $20 million equity placing to help finance the acquisition of a producing oil interest offshore Angola. The deal, in partnership with Shell Trading and Etu Energias, targets Blocks 14 and 14K, which currently produce about 8,000 barrels per day....
GOLD ( XAUUSD ) : 5100 Has Been Reclaimed. Exactly as shared ahead of time. Technical break of market structure , Rising Geopolitical concerns , Tariffs uncertainty , Stagflation concerns , Rate cuts pricing = Higher Gold.
Where's the Glut? Brent 12-month spread widened $1.79 (52%) 6-month spread widened $0.68 (30%) for the week ending February 20 Front-month price increased $4.01 from $67.75 to $71.76 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/GkGOzWLZRj
The episode reviews the week’s market data and focuses on the Supreme Court’s decision that President Trump cannot use the Emergency Economic Powers Act to impose tariffs, prompting him to invoke Section 122 for a temporary 10% tariff that expires...
Had we not shut down so many coal plants and suppressed so many pipelines and prevented so many gas plants, this winter's electricity demand could have been easily and cheaply met. Instead, it strained grids, spiked power prices, and spiked heating...
Gold back over $5100 USD and Silver over $84 USD. We have a potential Iran conflict, and the end of the CNY break next week. https://t.co/Eac6sG80np
Gold prices rebounded from early‑week weakness, reclaiming the $5,000 support level and climbing to $5,100 per ounce by week’s end. The initial dip was tied to reduced Chinese demand during the Lunar New Year, but safe‑haven buying spurred by rising...
Sanctions + fuel shortages broke the Cuban grid Those with dollars self-electrify while the rest sit in the dark. Energy desperation risks deepening inequality while the broader economy deteriorates. https://t.co/xOjVSt4Eep #EnergyCrisis #Cuba #Sanctions #Solar #GridFailure
Markets are trading a binary Trump headline risk, says @Ole_S_Hansen Oil isn’t moving on fundamentals alone—traders are loading up on upside calls while inventories draw hard. When positioning shifts this fast, volatility is the signal, not the noise. https://t.co/Lan48DvOA7 #OilMarkets #Brent #WTI...
Nutrien Ltd. projects potash demand to expand for a fourth straight year, targeting sales of 14.1‑14.8 million tonnes in 2026. Benchmark potash prices are roughly 20% higher than a year earlier, reflecting tighter market fundamentals. CFO Mark Thompson highlighted constrained...
Mineral Resources swings to interim profit on stronger Onslow output, lithium rebound https://t.co/DOTSeLY4pB via @KitcoNewsNOW
Today, the US announced a plan to sell Venezuelan oil to India. Note who’s selling Venezuela’s oil to India. It’s Uncle Sam. AMAZING. https://t.co/SLitquccox
