The next crisis is coming from China and the steel industry
Shanghai trader Yu Yongzhang’s annual steel sales plummeted by over three-quarters in just a few years. China is the dominant force that has long controlled...
Category: Commodities
Energy Policy: European Inconsistencies Unmasked
European officials are engaged in discussions to maintain gas supplies via a crucial pipeline between Russia and Ukraine as they scramble to prevent Moscow’s war...
Oil price toward new highs, bad news for Central Bankers
When oil surged above $90 a barrel a few days ago, observers attributed it to military tensions between Israel and Iran. However, the underlying reasons...
American producers major beneficiaries of sanctions on Russian oil
The United States is the primary beneficiary of sanctions on Russian and Venezuelan oil. American oil exports have set five new monthly records since Western...
Copper surpasses $9,000
Copper has surpassed $9,000 per ton, its highest level in 11 months, anticipating global supply issues. Prices surged this week after Chinese smelters held a...
OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
Oil in 2024
Despite constant bearish talk about energy demand, global oil consumption increased by 2.3 million barrels per day in 2023. The final stage of the post-Covid-19...
Westerms contradictions
At a time when a new source of misunderstanding is emerging between the Western world and the rest of the world concerning the crisis in...
The crisis in the Middle East: a risk to the global economy?
Like past wars in the Middle East, the conflict between Israel and Hamas that erupted last week could potentially disrupt the global economy and even...