Podcasts · The Commodities Trade Institute Podcast
Black Sea Freight Rises, Oil Bypasses Hormuz & Copper Lifts BHP
· 5:29 · S3 E31
Episode Black Sea Freight Rises, Oil Bypasses Hormuz & Copper Lifts BHP
BHP delivers a $13.2 billion profit as record $14,000 copper eclipses iron ore earnings, while drone strikes shutter over 90% of Azov-Black Sea grain loading capacity and hike freight rates. In energy, Washington moves to aid refiners over $4 gasoline while Saudi Aramco deploys offshore crude transfers, and India books a record 620,000 metric tons of soyoil amid Black Sea sunflower oil shortages and Canadian crop disease.
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