Why Is Oil so Cheap? With David Wech
In this episode, chief economist David Vecch of Vortexa explains why oil prices have stayed low despite recent geopolitical shocks, such as the U.S. and Israeli attacks on Iran. He details how Middle Eastern exporters have rerouted shipments—using smaller shuttle tankers and pipeline diversions—to maintain flows, while extra supply from the Americas and U.S. Strategic Petroleum Reserve releases have offset lost Iranian barrels. Vecch emphasizes that the market is currently balanced, with only a modest net shortfall of about 5 million barrels per day, and that shale producers cannot quickly ramp up output to fill gaps. He also cautions that the low‑price environment may be temporary if tensions ease or demand rebounds, especially in China.
Unearthing Alpha with a Metals Hedge Fund with Matt Heap
In this episode, host Paul Chapman talks with Matt Heap, founder and CIO of the upcoming metals‑focused hedge fund Forth Fund Management, about the evolution of hedge funds in commodities and the specific opportunities in metals and mining. Heap explains...
Copper & Gold: Pricing the Physical vs the Narrative with Grant Sporre (Episode 300!)
In this episode, Bloomberg Intelligence analyst Grant Sporer breaks down the physical supply chains of copper and gold, explaining mining, processing, and tradable forms while highlighting the dominant role of China in copper smelting. He contrasts copper’s industrial demand—driven by...