U.S. President Donald Trump has backed restrictions on diesel exports from the United States, while Treasury Secretary Scott Bessent confirmed that the administration is examining both a full and a partial ban. No decision has yet been made, but Trump said it should come quickly. This marks a significant shift in the administration’s stance, as […]
takeaways There are further signs that the global economy remains resilient to the latest energy price spike. The European and UK PMI data for September has been released, and the news is optimistic. Eurozone and UK data showed continued expansion in the private sector this month, even though the UK data slowed compared to the […]
The OECD estimates that the global economy is performing somewhat better in 2026 than expected just a few months ago, despite the energy shock triggered by the war with Iran. Support has come not only from investment related to artificial intelligence, but also from the release of part of global oil reserves, lower energy imports […]
The South Korean won is currently trading around 1,351 per US dollar, extending a sharp recovery as falling oil prices, powerful export growth and improving expectations for South Korea’s economic performance provide support for the currency. The won is benefiting from two important domestic and external developments. Lower crude oil prices are reducing inflation and […]
Iron ore futures in China are currently trading above CNY 710 per ton, recovering from recent weakness as renewed supply concerns provide support despite continuing pressure from China’s steel and construction sectors. The market is being pulled in opposite directions. Potential supply disruptions in Brazil and rising shipping costs for smaller Brazilian producers are tightening […]
The Indian rupee is currently hovering around 95.6 per US dollar, stabilizing after three consecutive sessions of gains as softer crude oil prices and continued Reserve Bank of India support help contain currency volatility. The rupee is benefiting from a potentially more favorable energy-cost environment, while official intervention is providing additional stability as traders monitor […]
Zinc prices are currently trading around $3,880 per ton, with a stronger US dollar creating near-term pressure on the market. Hawkish Federal Reserve commentary has supported the dollar, making dollar-denominated commodities more expensive for international buyers and limiting upward momentum across the base-metals complex. However, zinc’s downside is being constrained by a tightening physical supply […]
Gold is currently trading below $4,350 an ounce, with the precious metal remaining under pressure as a more hawkish Federal Reserve outlook offsets support from falling oil prices and exceptionally strong investment demand from China. The market is now balancing two competing forces: expectations that persistent inflation could keep US interest rates higher for longer, […]
US natural gas prices have climbed above $3.00/MMBtu, reaching their highest level since early July as stronger weather-driven power demand and robust LNG exports tighten the US gas balance. The latest rally is being driven by a combination of above-average autumn temperatures, continued air-conditioning demand, strong gas-fired power generation and rising LNG exports. At the […]
European natural gas prices are currently trading around €72/MWh, with the market at its lowest level since early September as renewed US-Iran diplomatic contacts reduce some of the immediate fears surrounding energy transportation and regional supply disruption. The latest developments are creating a more balanced near-term outlook for European gas. Increased LNG tanker and crude […]