Tariff Talk: Venezuela’s Oil Deal and How Yen Carry-Trade Unwinding Could Reshape Commodity Demand
OPIS TALKS COAL, METALS & MINING:
In this edition of Tariff Talk, James Stevenson and Charles Dayton examine the market implications of a stronger yen and a potential unwinding of the carry trade, including what changing Japanese currency dynamics could mean for commodity demand. They also assess the US government-backed oil deal in Venezuela, question the scale and recoverability of the country’s stated reserves, and consider whether Venezuela could eventually add thermal coal and high-grade iron ore supply to global markets.
The conversation then turns to record diesel prices, the challenge…
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