Latest / The Commodities Trade Institute Podcast
Panama Hits $5M, $110 Brent, Indonesia Nickel Cuts, and Cocoa Shortage
Panama Canal transit auction bids reach a record five million dollars just as daily vessel transits are cut to thirty-two, colliding with the autumn retail import surge and rerouted Middle East energy flows. Crude oil tests one hundred ten dollars a barrel following drone strikes on Saudi Arabia's East-West Pipeline, while European natural gas storage sits sixteen points below seasonal norms and Asian spot liquefied natural gas prices hold at twenty-six dollars per million British thermal units. Concurrently, Indonesia reduces its nickel ore pricing factor to fourteen percent to protect…
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