Indonesia Seizes Exports, Zinc Surges, India Soymeal Halves, and China Cuts Oil Output by 1M BPD

The Commodities Trade Institute Podcast · May 20, 2026 · 20m

A sweeping look at the geopolitical shocks rocking global commodities on May 20, 2026. From China's state refiners slashing oil throughput by over one million barrels per day due to the war in Iran, to Indonesia's historic centralization of palm oil and coal exports under a single state enterprise. Plus, a double supply hit pushes Western zinc prices to a four-year high of $3,633.50, while four U.S. LNG vessels head to China following the Trump-Xi summit.

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