Follow 5 commodities this week amid tension around oil and gas

The situation in the Middle East is still neat, despite the constant flow of oil and gas. But for US refining companies, it no longer depends on the supplies from this region as before. On the other hand, the fast expansion wave is expected to turn on battery projects over the public network in the United States. As far as the grain level is concerned, it is noted that a remarkable shift in the price gap between wheat and wheat, with Europe exposed to a serious free wave. We follow the most important developments in the global basic commodity market by reviewing 5 important graphs that need to be taken into account in the launch of the trading week. Oil within a few days, the world’s interest in the street of Hormuz, the 104 -Miles waterway (167 km), which is an important artery for global oil shipping. Read more: Oil stabilizes at the end of a turbulent week with the concentration turning into customs tariffs, even if the tension will escalate again in the Middle East, the US refinement companies will make less concern compared to the past, as it no longer depends on a large degree of RAW from this region, thanks to the productive boom that causes the Shale Oil Revolution. But if the following shippings of the Persian Gulf are disrupted, the refinement of companies on the West Coast will be the most vulnerable to damage, as more than 20% of their crude needs from Iraq in 2024. With the increase in the tension between Iran and Israel, the global gas prices that saw widespread fluctuations against the backdrop of the fear of the plight of this waterway were before calming down when the conflict decreased. Also read: Qatar: America is not a competitor for us in the Asian gas market. European natural gas prices recorded last Friday, its biggest weekly fall in almost two years. Buyer as US President Donald Trump announced last April known as ‘Liberation Day’ – then a wide pack of customs duties on imports – copper supplies in the US stock exchanges began to increase and currently reached the highest level in about 7 years. Read more: Buyer still earns with the expectation that the price will reach the highest level in August. The expectations for imposing copper fees have led to the high prices of the “comic book” exchange contracts in New York above their standard levels compared to international indicators, which motivated traders to charge records to the United States to take advantage of this profitable price difference before entering the customs. European crops will have a close follow -up during the ten days until the next two weeks, with a severe heat wave entering the continent. It is rare that wheat – used mainly as animal feed – becomes cheaper than the cost of wheat used to produce flour for human consumption. The price of wheat drops to the lowest level in 9 months with the harvest near .. more details here, but last week the price gap between wheat and European wheat contracts turned, amid the fear that the current heatwave will cause great damage to wheat crops. Batteries since 2021 have seen the installation projects of batteries in the United States a steady growth. However, this tendency is a candidate to take an opposite path under the influence of Trump’s policies associated with customs and energy lights, according to a new report. Also read: Hunting the Sun .. How can the storage of clean energy save our planet? The batteries are expected to shrink at the level of public aid programs next year, if Republican legislators have approved the implementation of discounts in the tax incentives of this technology, according to a report issued by the “Wood McKenzi” businesses and the American Clean Energy Association. This expected decline comes to standard 22% standard growth projects over the public network during the current year.