clydecommods.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

The recent rally in #gold prices coupled with output growth is likely to see the it overtake #coal to be Australia’s 2nd-most valuable commodity export after iron ore. It also shows the relative strength of gold demand and the likely tapering of seaborne coal demand. www.reuters.com/markets/comm...

submitted 15 hours ago • 0 comments

Global energy CO2 emissions reached record high last year, report says reut.rs/44eFPV5

submitted 4 days ago • 2 comments

Asia’s #crude imports jumped to the most in 29 months in June, driven by strength in China and India. But June-arriving cargoes were arranged when prices were falling, and now that they are rising it is likely price-sensitive buyers will pull back on imports. #energy www.reuters.com/markets/comm...

submitted 4 days ago • 0 comments

Crude oil has given up all of its gains since Israel starting striking Iran after Donald Trump claimed a ceasefire. No doubt Trump will claim victory, but it’s more likely the public silence but private pressure of Iran’s major allies played a bigger role. #crude www.reuters.com/markets/comm...

submitted 6 days ago • 0 comments

Thermal #coal stands to benefit as spot #LNG prices rally amid concern about the possibility of disruption to Qatar’s shipments through the Strait of Hormuz, which account for nearly 20% of global supply. Coal is already cheaper than LNG in Japan. #energy www.reuters.com/markets/comm...

submitted 7 days ago • 0 comments

China’s appetite for iron ore is set to surge in June even as the steel sector is looking softer with falling prices and output. Rather than actual demand, lower prices are likely behind the strong June iron ore imports. #ironore #steel #metals #commodities www.reuters.com/markets/comm...

submitted 11 days ago • 0 comments

China continued to add to its #crude stockpiles at a rapid pace for a third straight month in May, with surplus #oil of 1.4 million bpd. This gives refiners the flexibility to pull back on imports in coming months now that prices surged amid the Israel-Iran conflict. www.reuters.com/markets/comm...

submitted 13 days ago • 0 comments

The Israel-Iran conflict has sent #crude prices surging. But often it’s what’s not happening that’s more important, and so far there have been no attacks on Iran’s #oil exports, and no Iranian attempt to close the Strait of Hormuz, keeping the risk premium modest. www.reuters.com/markets/comm...

submitted 14 days ago • 0 comments

The US-China trade deal seems to avert a worst-case scenario, but it still creates more problems than it solves. One of those is rare earths as it just kicks the can down the road and leaves the leverage with Beijing. Will the West build their own supply chains? www.reuters.com/markets/comm...

submitted 18 days ago • 0 comments

Buying more US #crude, #coal and #LNG is a good way for Asian countries to trim their trade deficits with the United States, a key Donald Trump demand. But so far Asian countries other than India aren’t upping their US energy imports, in fact they’ve dropped. #tariffs www.reuters.com/markets/comm...

submitted 20 days ago • 0 comments

China’s imports of #crude, #copper, #ironore and #coal all slipped in May. But while there are concerns about economic growth and the trade war with US President Donald Trump, the softness in May also coincided with higher prices when cargoes would have been arranged. www.reuters.com/markets/comm...

submitted 21 days ago • 0 comments

It’s too early to say it’s a definite recovery, but Asia’s imports of seaborne thermal #coal rose to a 5-month high in May, led by China and India. While there may be seasonal factors, it’s also likely that prices at 4-year lows may be encouraging some buying. #energy www.reuters.com/markets/comm...

submitted 24 days ago • 0 comments

There was optimism at last week’s Singapore Iron Ore Forum that India will swing to a net importer of #ironore in coming years as it builds its steel capacity. The question is how quickly, and will rising domestic output spoil hopes for miners seeking a new market. www.reuters.com/markets/comm...

submitted 27 days ago • 0 comments

OPEC+'s group of eight further unwound their #crude output cuts, adding another 411,000 bpd for July. But there are two questions to be answered, will they actually add that much #oil back, and if they do, are there buyers, given imports slipped in Asia in May. #OPEC www.reuters.com/business/ene...

submitted 28 days ago • 0 comments

Decarbonising steel is possible but hugely expensive and nobody is willing to pay. But getting some way towards the goal is possible by using natural gas and electricity to replace coal in turning #ironore into crude #steel, a blue-green process I’ve dubbed teal steel www.reuters.com/markets/comm...

submitted 32 days ago • 0 comments

The recent pattern of soft China LNG imports and easing arrivals into Europe has continued in May, but spot Asian prices have lifted amid some supply concerns out of Australia and Malaysia. #LNG #energy #naturalgas #natgas www.reuters.com/markets/comm...

submitted 35 days ago • 0 comments

While it’s only about 20% of Canada’s total #crude exports, there has been a marked shift in seaborne volumes away from the United States to China. This has happened despite Trump walking back from tariffs, showing the power of sentiment and uncertainty. #energy #oil www.reuters.com/markets/comm...

submitted 39 days ago • 0 comments

China’s economy is either hurting under the US trade war, or being remarkably resilient, and there are plenty of economic indicators for both cases. One is #electricity generation, which looks soft but the real story is surging #solar manufacturing and installations. www.reuters.com/markets/comm...

submitted 41 days ago • 0 comments

China has swung from dipping into #crude inventories in the first two months of the year to massively boosting them in the next two, with an April surplus of 1.89 million bpd. This gives refiners options to deal with any loss of Iranian and Russian barrels. #energy www.reuters.com/markets/comm...

submitted 42 days ago • 0 comments

Asia’s imports of major refined fuels like #gasoline and #diesel dropped to a 4-year low in April, with refinery maintenance and softer demand to blame. However, refining margins have held up as #crude prices have fallen faster, but this may be changing. #energy www.reuters.com/business/ene...

submitted 46 days ago • 0 comments

The trade truce between the US and China is being hailed as a positive step, and while it may see some revival in manufactured goods shipments, Beijing’s remaining 10% #tariffs are enough to ensure that China’s imports of US #crude, #LNG and #coal remain dead. #energy www.reuters.com/business/ene...

submitted 48 days ago • 0 comments

China’s recovery in #crude imports continued in April, with arrivals of 11.69 million bpd turning the first 4 months positive. But rather than a sign of improving fuel demand, China’s refiners are buying discounted Russian and Iranian #oil and storing it. #energy www.reuters.com/markets/comm...

submitted 49 days ago • 0 comments

Iif China’s economy is suffering under the weight of U.S. tariffs, why is #ironore, the commodity most exposed to China, performing relatively strongly from both a price and import volume perspective? It’s likely that some #steel sectors are still doing OK. #metals www.reuters.com/markets/comm...

submitted 53 days ago • 0 comments

Seaborne thermal #coal prices in Asia have caught a cold from China, dropping to 4-year lows as the world’s biggest buyer saw imports slump 13.1% in the first 4 months of the year. Higher domestic output and lower coal power generation have cut import demand. #energy www.reuters.com/business/ene...

submitted 55 days ago • 0 comments

The reasons OPEC+ put forward for further easing its #crude output curbs don’t match reality, with the market far from “healthy” with demand yet to feel the full impact of Trump’s tariff war. Visible #oil inventories are also only slightly below 5-year averages. #OPEC www.reuters.com/markets/comm...

submitted 56 days ago • 0 comments

Gold has had quite the Trump-inspired rally, but is showing signs of consolidating after easing from its record highs as investment flows steady. A new surge likely needs more bad news on the trade war, U.S. fiscal deficit and Powell’s replacement at the Fed. #gold www.reuters.com/markets/comm...

submitted 60 days ago • 0 comments

It was something of a small reversal in #LNG markets in April, with Asia’s imports eking out a small gain on a daily basis from March, while Europe’s recent strength faded. Top buyer China stayed weak amid the fallout from the trade with the United States. #energy www.reuters.com/business/ene...

submitted 62 days ago • 0 comments

China went from drawing on #crude inventories in the first two months of 2025 to massively boosting them in March, as a surge in imports outweighed a rise in refinery runs. The surplus of available #oil in March was 1.74 million bpd, the most since June 2023. #energy www.reuters.com/markets/comm...

submitted 63 days ago • 0 comments

China’s imports of major #commodities were softer in the first quarter, but that’s not the whole story. #Crude oil started weak, but recovered in March as imports from Iran and Russia surged. Iron ore and #coal imports slipped as weather hit shipments from Australia. www.reuters.com/markets/comm...

submitted 76 days ago • 0 comments

Gold’s run of record highs in the wake of Trump’s tariff war is a sign the precious metal is fulfilling its historic role as a safe haven. The problem is that like other assets, it’s effectively hostage to whatever Trump does next. #gold #metals #mining #commodities www.reuters.com/markets/comm...

submitted 77 days ago • 0 comments

One tactic countries trying to cut a deal with Donald Trump may adopt is to promise to buy more U.S. #energy such as #crude oil, #LNG and #coal. The problem is that even if a country like Japan massively boosted its imports, it would barely dent its trade surplus. www.reuters.com/business/ene...

submitted 81 days ago • 0 comments

While iron ore prices have dropped in the wake of Donald Trump’s tariff turmoil, they have held up better than other major #commodities such as #crude oil and #copper. That’s perhaps surprising given #ironore is the commodity most exposed to China, Trump’s top target. www.reuters.com/markets/comm...

submitted 83 days ago • 0 comments

While Donald Trump’s tariffs have sent #crude oil prices plunging, there are also fundamentals that suggest demand growth was already weak. Top-importing region Asia saw 1Q imports drop by 640k bpd, largely as a result of rising prices when cargoes were being secured. www.reuters.com/business/ene...

submitted 84 days ago • 0 comments

If you are looking for some sense in Donald Trump’s tariffs, the exclusion of #crude oil, refined products and natural gas may be it. The carve out is clearly aimed at limiting the price pain for U.S. consumers, but may make U.S. #energy exports a bargaining chip. www.reuters.com/business/ene...

submitted 88 days ago • 1 comment

Donald Trump’s threat to put tariffs of up to 50% on buyers of Russian #crude if Vladimir Putin doesn’t agree to a Ukraine ceasefire is unhinged enough to perhaps work, but depends if Russia, India and China believe Trump will actually follow through. #energy #OPEC www.reuters.com/markets/comm...

submitted 91 days ago • 0 comments

Processing iron ore into “green iron” by using hydrogen made with #renewables could end up being highly profitable for Australia’s #ironore sector. The problem is starting a massive new industry is costly, needs multiple partners and government involvement. #climate www.reuters.com/markets/comm...

submitted 95 days ago • 0 comments

The Mongolian oil trader, his aunt, her sister and a $1.1 billion loss. Cracking tale of shady dealings on the steppes by Dmitry Zhdannikov. www.reuters.com/markets/comm...

submitted 97 days ago • 0 comments

Two broad themes emerge from the IEA’s latest Global Energy Review, namely #renewables are grabbing an ever-increasing share of the mix and demand growth is being driven by Asia. There is also positive news for #naturalgas, but not really for #crude or #coal. #energy www.reuters.com/markets/comm...

submitted 98 days ago • 0 comments

OPEC and the IEA focus on China’s #oil demand, and are again forecasting it to rise in 2025. But this bullish picture is at odds with the reality of falling #crude imports, down 210,000 bpd in 2024 and 370,000 bpd in the first two months of 2025. #OPEC #energy. www.reuters.com/markets/comm...

submitted 102 days ago • 0 comments

Every time China’s #ironore and #steel sectors start thinking Beijing’s stimulus efforts are going to work, along comes soft data that brings them back to reality. The latest was ongoing property weakness, outweighing Beijing’s pledge to boost consumer spending. www.reuters.com/markets/asia...

submitted 104 days ago • 0 comments

China drew on #crude stockpiles for the first time since September 2023 in the first two months of this year, as refinery processing recovery slightly but #oil imports remained weakness. But it was a small draw and most likely related to rising crude prices. #energy www.reuters.com/markets/comm...

submitted 105 days ago • 0 comments

The inconsistent and often incoherent trade policies being enacted by Donald Trump present a challenge for commodity markets globally, but so far most seem to be tuning out the noise and focusing on fundamentals, while keeping a healthy eye on the mounting risks. www.reuters.com/markets/comm...

submitted 109 days ago • 0 comments

Asia’s seaborne imports of metallurgical #coal slid to a three-year low in February amid slack demand from top buyers India and China. However, the factors behind the slump appear largely temporary and volumes should start to recover by April. #cokingcoal #mining www.reuters.com/markets/comm...

submitted 110 days ago • 0 comments

Part of the drop in Asia’s #crude imports so far in 2025 was China's and India's struggles to secure Russian oil. But Russia is making a comeback in March, but so is fellow OPEC+ heavyweight Saudi Arabia, perhaps a sign of a looming market share battle. #OPEC #energy www.reuters.com/markets/comm...

submitted 111 days ago • 0 comments

It was a soft start to 2025 for China’s imports of major commodities, with declines for #crude, natural gas, #ironore and #copper. There were some temporary factors (sanctions on Russian oil) but the weaker trend does little to give hope for China’s economic rebound. www.reuters.com/markets/asia...

submitted 115 days ago • 0 comments

China’s annual parliament session was more of a steady as she goes outcome for commodity imports, rather than the hoped for big boost. This means the trend of softer imports, with the exception of some #energy transition #metals, is likely to continue. #crude #steel www.reuters.com/markets/comm...

submitted 116 days ago • 0 comments

OPEC+’s decision to increase #crude output from April was framed as a response to a “healthy” market with a “positive” outlook. That’s wishful thinking given declining imports in Asia and elsewhere. But it may also be a prudent move given the Trump uncertainty factor. www.reuters.com/markets/comm...

submitted 118 days ago • 0 comments

Shell’s LNG outlook sees demand jumping some 60% by 2040. But there are some issues, including a lack of supply and the contradiction between #LNG prices having to remain low enough for Asia, but high enough to justify the massive amounts of capital needed. #energy www.reuters.com/markets/comm...

submitted 119 days ago • 0 comments

It’s been a weak start for Asia’s imports of #crude, which slumped 780,000 bpd in the first 2 months of the year, largely due to ongoing weakness in China, the world’s biggest importer. Supply issues over sanctioned Russian #oil also have played a part. #OPEC #energy www.reuters.com/markets/euro...

submitted 123 days ago • 0 comments