The essential perspective on global commodities
Commodity Tracker: 5 charts to watch this week
Our editors and analysts are keeping an eye on current oil prices and supply factors, as well as the global spare capacity over the next few months. Methanol and tin prices are also in focus, while container premiums are hitting the ceiling. 1. Geopolitical supply risks return to the fore in oil markets What’s happening? Recent oil supply disruptions include pipeline shutdowns in Ecuador affecting 270,000 b/d in December, the shutdown of 350,000 b/d from Western Libyan...
Insight from Moscow: Russia aiming to take major role in global hydrogen markets
Russia plans to leverage its large natural gas reserves, existing infrastructure, and cooperation with foreign partners to take a major stake in the global hydrogen market. Targeting 20% of market share by 2030, Russia is set to ramp up production over the next five years. S&P Global Platts Analytics forecasts Russian hydrogen production at 3.4 million mt in ammonia and 2.7 million mt in refining in 2021. It expects these volumes to increase to 3.8 million mt and 3
High natural gas prices could lead to spike in food costs through fertilizer link
Global fertilizer prices soared to multi-year highs in the past few months following surge in prices of key feedstocks natural gas and coal, and certain export restrictions put in place by supplying countries. Around the globe, natural gas is used as a raw material as well as fuel for nitrogen fertilizer production. In some countries such as China, coal is gasified into ammonia and used for manufacturing fertilizers
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