Oil Is No Longer Pricing Supply. It Is Pricing Control
For much of this year, oil markets have oscillated between panic and relief. Every diplomatic headline has produced optimism. Every military escalation has restored anxiety....
Tag: Commodity prices
Emerging Markets Enter the Perfect Storm
For much of the past year, investors had begun to believe that emerging markets were finally emerging from the shadows of the post-pandemic monetary cycle....
The Return of the Inflation Triangle
The global economy is entering a new inflationary phase, not because one single shock has overwhelmed the system, but because three distinct forces are beginning...
Japan’s Bond Market Starts Cracking and the Dollar System May Be Next
For years, global finance functioned around a dangerous but convenient illusion: Japan would finance everybody forever. The country remained the ultimate source of global liquidity....
Europe’s Energy crisis: Déjà Vu
Europe is once again teetering on the edge of an energy crisis as natural gas prices hit a two-year high, proving that short-term thinking and...
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...
Europe, a new gas threat for the winter
As Europe seeks to import liquefied natural gas to fill the gap left by Russia, new sources of supply may be ready after winter. Straddling...
The Ukrainian trap
“Kyiv might give up its claims on Russian territory in exchange for NATO membership.” This suggestion comes from Stian Jenssen, the Chief of Staff to...
Oil may rise again in the second part of the year
Russia’s plan to reduce oil production by 500,000 barrels per day in retaliation for sanctions, if kept beyond June, will tighten the market, exacerbating the...