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This week, S&P Global Commodity Insights editors are keeping a close eye on developments at the Panama Canal that impact shippers' costs, as well as the appetite of Asian buyers for US crude and LNG. Also in focus are Australia's carbon credit prices and Pakistan's foreign currency troubles. 1
The US and Mexico celebrated 200 years of diplomatic relations in December 2022, but the food crop corn is now testing that relationship. The North American neighbors have perhaps one of the closest bilateral ties in the world, backed by robust economic and trade relations, with both generating hundreds of billions of dollars in trade revenues for each other. Electronics, vehicles, fuels, minerals, plastics and machinery are the biggest US exports to Mexico
Wildfires in Canada, international air travel, Russian crude imports to China and Algerian gas exports are in focus this week. 1. Wildfires likely to keep downward pressure on Canadian gas production What's happening? Wildfires across western Canada are slashing natural gas production in Alberta this month. On May 19, over 90 active wildfires were ablaze in Alberta with some 25 classified as "out of control"
