Société Générale projects a more moderate pace of gold purchases by central banks in the future. While central bank demand…
While the BoJ’s 25 bps hike to 1.0% (highest since 1995) keeps the yen carry transmission channel active but damped,…
Executive Summary The 3:2:1 crack spread serves as a primary proxy for gross refining margins, calculated as: 3:2:1 Crack Spread=2×PGasoline (bbl)+1×PDistillate/Heating Oil (bbl)−3×PCrude (bbl)3\text{3:2:1 Crack Spread}…
UBS has lowered its 2026 gold price target to $5,500 from $5,900, citing higher Treasury yields and a stronger dollar.…
Estimated losses in the oil market reached 800 million barrels in March-April, growing to 1 billion barrels by mid-May, according…
Global gold ETFs registered inflows despite inflationary risks, with gold prices hovering near 4,700 per ounce at the start of…
The convergence of physical, behavioral, and microstructural signals confirms that Europe, and particularly France, has entered a regime of asynchronous…
https://twitter.com/AlmaANET25/status/2041782097908789395 IATA Director General Willie Walsh warning that jet fuel supply restoration in the Middle East will require months even…
The Brent oil market shows an extreme divergence between the paper price (futures contracts) at $109 and the physical price…
Multi-engine analysis suggests that the closure of the Strait of Hormuz, leading to a supply shock of 20 Mb/d (20%…