Insight Blog
The essential perspective on global commodities
Fuel for Thought: Spare capacity in focus as OPEC+ output hikes coincide with rising oil security risks
Spare capacity is the oil sector’s ultimate shock absorber. These buffers shot up to COVID-19 -induced 35-year highs but are now rapidly reducing. A rising trend of security incidents in the Middle East, a tentative demand recovery and OPEC+ pumping more could see oil risk premium back on the market’s radar
Mapping out ADNOC’s downstream ambitions
In the 1970s when Abu Dhabi National Oil Co. was looking for a city to house its industrial staff, it chose a rural desert town close to its onshore fields with deep waters for easy access to oil tankers. Today, Ruwais is more than just a port city. It is key to ADNOC’s oil ambitions, including its quest to turn the newly-launched Murban futures contract into an international benchmark for oil headed to Asia. A $3
Commodity Tracker: 4 charts to watch this week
Gas prices are on top of our watchlist this week as benchmarks reach record levels amid high demand. Lithium carbonate is also seeing a rally, while butadiene has been hit by a glut. 1. Supply concerns drive up global gas prices What’s happening? A tight global gas market — triggered by a cold, long winter, strong competition for LNG cargoes, low storage levels, and constrained Russian gas flows to Europe—has pushed prices across the globe to record highs
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