Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Commodities

<ul>
<li>Section 232 is a statute of law allowing the president to investigate imports threatening national security</li>
<li>Metals markets have been affected by Section 232 investigations, with potential tariffs impacting silver and gold prices</li>
<li>The recent Critical Minerals report resulted in a lighter touch approach, focusing on negotiations and potential remedies rather than immediate tariffs, easing concerns in precious metals markets like silver</li>
</ul>
<p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>


Section 232 is a statute of law allowing the president to investigate imports threatening national security
Metals markets have been affected by Section 232 investigations, with potential tariffs impacting silver and gold prices
The recent Critical Minerals report resulted in a lighter touch approach, focusing on negotiations and potential remedies rather than immediate tariffs, easing concerns in precious metals markets like silver

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Oil, gas, and metals kick off a volatile year

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events and data impacting our investment themes and outlook</li>
<li>Central banks add fuel to the ongoing commodity bull market</li>
<li>Could we see a meaningful de-escalation in US and China tensions</li>
</ul>


A review of recent events and data impacting our investment themes and outlook
Central banks add fuel to the ongoing commodity bull market
Could we see a meaningful de-escalation in US and China tensions


Overview #43 – The Gift that Keeps on Giving

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

<ul><li>Many commodities are currently in a range pattern after they were in a prolonged bull streak for months.</li><li>This is nothing unusual and happens all the time within healthy uptrends.</li><li>BUT there are also instances when prolonged bull markets tend to end - due to changing fundamentals…like for example cocoa.</li></ul>

Many commodities are currently in a range pattern after they were in a prolonged bull streak for months.This is nothing unusual and happens all the time within healthy uptrends.BUT there are also instances when prolonged bull markets tend to end - due to changing fundamentals…like for example cocoa.

Will the Coffee Trade become the new Cocoa?

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Global oil outlooks diverged in November as the EIA cut demand forecasts, and the IEA lifted projections. However, both agencies expect supply to grow faster than demand.</li>
<li>The EIA, IEA, and OPEC flag a rising risk of oversupply heading into 2026, noting that expanding production and already-elevated inventories could keep the market looser.</li>
<li>Strong U.S. LNG exports prompted the EIA to raise its Henry Hub forecasts, signalling price strength will rely more on robust export demand than on domestic consumption this winter.</li>
</ul>


Global oil outlooks diverged in November as the EIA cut demand forecasts, and the IEA lifted projections. However, both agencies expect supply to grow faster than demand.
The EIA, IEA, and OPEC flag a rising risk of oversupply heading into 2026, noting that expanding production and already-elevated inventories could keep the market looser.
Strong U.S. LNG exports prompted the EIA to raise its Henry Hub forecasts, signalling price strength will rely more on robust export demand than on domestic consumption this winter.


EIA, OPEC, IEA Sound Caution: Rising Supply and Inventories Threaten 2026 Price Stability

<ul><li>Our strategy approach is to filter various information sources and apply our clear investment process on top of it.</li><li>There are two reasons for us to enter a trade: …our quant system tells us to do so …or we make a discretionary manager decision based on market fundamentals that the quant system will only grasp with a time-lag</li><li>While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.</li></ul>

Our strategy approach is to filter various information sources and apply our clear investment process on top of it.There are two reasons for us to enter a trade: …our quant system tells us to do so …or we make a discretionary manager decision based on market fundamentals that the quant system will only grasp with a time-lagWhile not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

Be Careful With Metals & Why we currently don’t touch Oil Markets

United States

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

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Natural Gas (NATURAL GAS COMDTY)

Global Commodities: Oil, gas, and metals kick off a volatile year

Section 232 allows the president to investigate imports threatening national security, with the recent critical minerals report leading to...

At Any Rate

Overview #43 – The Gift that Keeps on Giving

A review of recent events/data impacting our investment themes and outlook. Central Bank Pronouncements and the potential for US-China tension de...

Rikki Malik

Will the Coffee Trade become the new Cocoa?

Many commodities are currently in a range pattern after they were in a prolonged bull streak for months. This is nothing unusual and happens all...

The Commodity Report

EIA, OPEC, IEA Sound Caution: Rising Supply and Inventories Threaten 2026 Price Stability

Global oil outlooks diverged, with the EIA cutting demand forecasts and the IEA lifting projections, but both expect supply to outpace demand....

Mint Finance

Be Careful With Metals & Why we currently don’t touch Oil Markets

While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

The Commodity Report

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Commodities: Oil, gas, and metals kick off a volatile year

Section 232 allows the president to investigate imports threatening national security, with the recent critical minerals report leading to...

At Any Rate

Overview #43 – The Gift that Keeps on Giving

A review of recent events/data impacting our investment themes and outlook. Central Bank Pronouncements and the potential for US-China tension de...

Rikki Malik

Will the Coffee Trade become the new Cocoa?

Many commodities are currently in a range pattern after they were in a prolonged bull streak for months. This is nothing unusual and happens all...

The Commodity Report

EIA, OPEC, IEA Sound Caution: Rising Supply and Inventories Threaten 2026 Price Stability

​Global oil outlooks diverged, with the EIA cutting demand forecasts and the IEA lifting projections, but both expect supply to outpace demand....

Mint Finance

Be Careful With Metals & Why we currently don’t touch Oil Markets

While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

The Commodity Report

Global oil outlooks diverged, with the EIA cutting demand forecasts and the IEA lifting projections, but both expect supply to outpace demand....