The essential perspective on global commodities
Commodity Tracker: 5 charts to watch this week
Our editors are keeping an eye on oil refining cracks ahead of winter, as well as potential demand from Asia as COVID-19-related restrictions ease. Tesla’s change in battery chemistry and the International Maritime Organization’s long-term emissions reduction goals are also in focus. 1. Oil product cracks see support from demand, run cuts and low stocks What’s happening? Tighter fundamentals are supporting gasoline and diesel cracks in major hubs
Steel vs plastics: race to sustainability
The steel and plastics industries, as some of the leading carbon emitters, have come under increasing pressure since the 2015 Paris Agreement, with China’s banning of 24 types of solid waste imports in 2018 proving a watershed moment for both sectors. With the recycling of steel and plastic materials seen as a key path toward decarbonization, and growing legislative efforts globally adding further pressure, demand for sustainable plastic and steel products is currently...
Methane performance certificates to bring price transparency to emission reduction efforts
Over the last 15 years, the global move away from coal has led to a surge in global natural gas demand. However, with that transition, it has become clearer that methane emissions from natural gas production, transportation, and end-use have exacerbated global heating. Methane, the primary component of natural gas, is around 85 times more potent a greenhouse gas than carbon dioxide when released into the atmosphere unburned
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