Commodities - Europe

Europe

The Fertilizer Nobody Is Watching Is About to Hit European Food Prices Hard

Urea jumped 50% since the Iran war began. Europe's spring planting season is running out of nitrogen. The fertilizer shock hasn't hit food prices yet. It will.
Europe

Europe Just Used a Third of Its Emergency Oil Reserves. There Is No Second Shot.

The IEA used a third of its emergency reserves in March. Six European countries fell below the 90-day floor. Islamabad collapsed. There is no second release at this scale.
Europe

The Paper Market Says $103. The Physical Market Stopped Agreeing Two Weeks Ago.

Brent at $103. WTI at $96. Physical Dubai crude is trading $38 above its paper price. One tanker crossed Hormuz on Monday. The pre-war average was 24 per day.
Europe

US Gasoline Just Posted Its Biggest Weekly Jump Since Russia Invaded Ukraine. Diesel Is Worse.

US gasoline hit $3.41, up 14% in a week. Diesel surged 15.3%. The biggest weekly pump price jump since Russia invaded Ukraine. And the strait is still closed.
Europe

A Shahed Drone Just Hit the Biggest Refinery in the Middle East. Monday’s Oil Open Will Be Ugly.

Iranian Shahed-136 drone hits Saudi Aramco's Ras Tanura refinery, shutting 550,000 bpd. Brent surges 9% past $79. First strike on Gulf energy infrastructure.
Europe

Copper Hit $14,527 a Tonne and Every Major Miner Is Scrambling to Ride the Next Leg

Copper hit a record $14,527/t in January as miners post blowout earnings. BHP, Glencore and KGHM ride the rally while a 16-year mine bottleneck looms.
Commodities

Brent Hits Six-Month High at $71.33 – Trump’s 10-Day Iran Deadline Collides with SCOTUS Tariff Shock

Brent crude hits $71.33 six-month high on Trump's 10-day Iran deadline as SCOTUS strikes down tariff regime and EIA reports a 9-million-barrel inventory draw.