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Javier BlasFortune |
“Why everybody did not buy coffee I cannot tell you,” writes Edwin LeFevre in his 1923 classic Reminiscences of a Stock Operator about the...
Every few years, a craze engulfs the commodity industry: A new and exotic source of mineral supply is about to emerge, solving all the world’s...
For decades, one of Saudi Arabia’s most strategic overseas outposts was a little-known office in New York City that coordinated its oil sales to...
Most years, few have to worry about natural gas from April to September. In Europe, the winter season is over and, barring a small number up north,...
Before it’s too late, order your espresso. It will be more expensive in 2025, and anyone trading — or observing — energy and commodity markets...
The UK celebrated Oct. 1 as the first day in nearly 150 years when its power plants didn’t burn a single lump of coal to generate electricity....
If anything differentiates Exxon Mobil Corp. from the rest is its ability to invest countercyclically — to be "greedy only when others are...
In the spring of 1998, with oil hovering near $10 a barrel, BP Plc reached a dismal conclusion: Its future as a standalone company was grim. So...
The Swiss federal government had a simple request from its lawmakers: Write a report about the impact of speculation on agricultural-commodity...
In corporate-speak, when a company says a key target is “currently” unchanged but it plans to disclose a “review” soon, you know trouble is...
In commodity markets, betting against China is rarely a good idea. And yet, that’s what mining behemoth Rio Tinto Plc is doing with a $6.7 billion...
When Israel invaded Lebanon in July 2006, oil prices jumped nearly 10%, rising to about $80 a barrel. Fast forward to the present day, and the...
When thinking about oil, Saudi Arabia and OPEC , the fabled $100-a-barrel target isn’t relevant any more. In truth, it hasn’t been since June,...
Billionaire Elon Musk called them the “new oil,” complaining about their “insane” cost. The White House dangled subsidies to whoever could...
OPEC officials love to make Hollywood film references. Need to bash renewable energy? Gone With the Wind. Attack whoever forecast a peak in oil...
I drive an 10-year-old gasoline-fueled car. I need to say that up front because it’s important you know that I have skin in the game of my...
Now is the moment when common sense says the US shale industry should be slowing. With oil prices plunging 25% over the last year, you’d expect...
When John D. Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a...
OPEC is like a teabag – it only works in hot water. The late Robert Mabro Bloomberg Terminal , one of the savviest oil-market observers, liked to...
When is enough still insufficient? Looking at recent price action, commodity traders — and lots of speculators — reckon that’s probably the case...
Oil, copper, soybeans and a handful of others monopolized the attention — but of all commodities, the humble lump of iron ore benefited the most...
The headlines suggest catastrophe for the global food supply: Biblical heatwaves, floods, storms and wildfires. And yet, in the world’s...
After abandoning its pursuit of $100-a-barrel oil in June, OPEC faces a new challenge. Increasingly, the market is testing its downside tolerance....
Every second, the world burns 275 metric tons of coal – enough to fill 10 large dump trucks. That makes nearly 17,000 tons per minute, or one...
Wheat and corn are the most actively traded grains in financial markets. But they can’t damage the global economy like rice. The staple for half...
When European electricity markets recently went haywire for 24 hours, a group of high-flying hedge funds lost money. Given their size, the amounts...