Insight Blog

The essential perspective on global commodities


Commodity Tracker: 4 charts to watch this week

This week’s Commodity Tracker features rising grid-connected battery storage in the US, increased demand in Europe for LNG imports, falling soybean oil premiums and constraints to global critical metals supply. 1. ERCOT seen leading planned additions to US battery storage capacity in Q4 What’s happening? The total capacity of grid-connected battery storage across the Continental US nearly doubled year on year by the end of the third quarter, climbing 97% to 9.559 GW

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02 Dec 2022

Slow economic growth pressures China to rebalance carbon reduction ambitions

The world heaved a sigh of relief when Beijing announced Nov. 11 new measures to relax its COVID-19 restrictions, while keeping China’s zero-COVID policy in place, and when Guangzhou on Nov. 30 revealed plans to remove most movement controls and resume public transport, among other new measures. But China’s three main economic drivers – consumption, investment and exports – are still facing headwinds

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28 Nov 2022

Fuel for Thought: Russian crudes come under renewed pressure as G7 price cap nears

The value of Russia's key crude exports has come under renewed pressure as EU sanctions and the G7's price cap edge closer amid growing signs that the curbs pose little threat to Moscow's resilient output and oil revenues. The outright price for Russia's flagship crude Urals slumped to 22-month lows in the run-up to the Dec. 5 start for the mechanism as weak physical market fundamentals and anxiety around sanctions risk have spurred even steeper discounts

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