Sign in Subscribe

Commodities

High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

Following a mild winter with subdued demand, gas storage facilities in both the European Union and the United States have concluded the 2023/24 heating season with inventory levels significantly exceeding their five-year averages. This surplus is anticipated to reduce injection demand during the summer months, potentially leading to a
High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

IEA Forecasts 2.3% Growth in Global Gas Demand, Driven by Asian Markets

Following a period of relative stability in natural gas markets during the mild 2023/24 winter, the International Energy Agency (IEA) predicts a 2.3% increase in global gas demand for 2024. This growth will be primarily driven by the expanding economies of Asia, with industrial and residential/commercial sectors

API Reports Rise in US Crude Oil Production Despite Overall Petroleum Demand Dip

The American Petroleum Institute (API) reported a slight year-over-year increase in US crude oil production for March 2024, reaching 13.0 million barrels per day (mb/d). This represents a 1.9% increase compared to March 2023 and contributes to the overall stability of US domestic petroleum supply. However, the
API Reports Rise in US Crude Oil Production Despite Overall Petroleum Demand Dip

Risk-on Sentiment Prevails, Oil Slump Continues, and Gold Soars

Author: Bruce Liegel Equities Fed Chairman Powell delivered an early Christmas present to the market on Friday when he pretty much laid out the end of this tightening cycle. "Risk-on" was the day’s theme, with the Russell 2000 closing up over 3% on the day. The S&

What Is the Outlook of Gold?

Where are we in the gold price cycle, and what is the future path of gold? Below is our conversation with Bruce Liegel for his analysis on what lies ahead for gold.  Hedder: What’s the main driver for gold ? Bruce: Gold has been in a bull market since 2000.

Are We on the Verge of a Commodity "Supercycle"?

In this Q&A, we sat down with Bruce Liegel for a deep dive on what lies ahead for commodities and whether there is a looming "supercycle". Hedder: There are talks of a looming supercycle. Can you explain what the term means and weigh in with your

Energy Falls, While Bond Vigilantes Return

Author: Bruce Liegel It has been a very wild past few weeks in the markets as the froth of the bull market has reversed in a number of sectors. Some of this has been led by the large increase in “term premium” in the long end of the bond market,

Equities Rallied, Rates Jumped, and Spikes in Energy

Author: Bruce Liegel Last week's price action in equities was quite strong, with the corrective rally back to the lower trend line of the channel met with resistance following the mixed non-farm payrolls employment report. As discussed a few weeks ago, the breakout of the trend channel in

Rates Made New Highs and Energy Rallied

Author: Bruce Liegel The dollar index has held the key support near 100, marked by the horizontal blue line on Chart 1 below. The dollar has had a nice 4% or so bounce off this support, starting off the final rally from the 2011 low. In the short run — next

The Institutionalization of Gold

Author: Bruce Liegel Executive summary: * How gold, in a bull market since 2000, has become 'institutionalized' * A look at gold ETFs, and the role of central banks, inflation and interest rates * And a wider market outlook for gold as well as silver, palladium and platinum Introduction Our previous
The Institutionalization of Gold