Wednesday, September 24, 2025

Countries With The Most Airports

Bitcoin Update

Copper futures surge over 4% to $4.77/lbs

Copper futures surged over 4% to $4.77 per pound, the highest in two months, after Freeport-McMoRan declared force majeure on supplies from its Grasberg mine in Indonesia, the world's second-largest copper source. 

The move follows a severe accident on September 8, which killed two workers and left five missing amid a mud flow of roughly 800,000 metric tons. 

Freeport cut its quarterly copper and gold sales guidance by 4% and 6%, respectively. 

The disruption highlights the copper market's sensitivity to supply shocks, compounded by Hudbay Minerals halting operations at its Peruvian Constancia mine due to protests. 

Grasberg alone accounts for 3.2% of global mined copper, nearly 30% of Freeport's copper output, and 70% of its gold production, showing the scale of the impact. 

Prolonged disruptions could further boost prices and strain the smelting industry.

US New Home Sales Soar

Sales of new single-family homes in the United States jumped by 20.5% from the previous month to a seasonally adjusted annualized rate of 800K units in August 2025, the highest level since January 2022, following an upwardly revised 664K in July and beating forecasts of 650K. 

Discounting and promotional offers were probably the main forces behind the surge. 

Sales soared in the Northeast (72.2% to 31K), the South (24.7% to 530K), the Midwest (12.7% to 89K) and the West (5.6% to 150K). 

Meanwhile, the number of unsold homes on the market fell 1.4% to 490K, equivalating to 7.4 months of inventory at the latest sales pace. 

The median sales price was $413,500, 4.7% higher than in the previous month. 

Thursday, September 11, 2025

Farm Quantity By US State

Global Gold Production 2024

DOE EIA : Today In Energy


Oil Tanker Rates Staging A Comeback

Tanker markets staged a comeback in August, and this time the rebound wasn't subtle. 

Suezmax rates shot up 34% month-on-month, according to OPEC's latest Monthly Oil Market Report published on Thursday, with the West Africa–US Gulf Coast run alone surging 38%. 

VLCCs weren't far behind, climbing 19% on Middle East–East routes. 

Even the humble Aframax joined the party, racking up a 23% gain on Caribbean–US East Coast voyages.

Clean tankers, on the other hand—i.e., tankers carrying refined petroleum products—looked like they've missed the memo. 

Most routes softened, except for the Middle East–East corridor, which managed a 13% rise. 

The contrast says a lot: crude carriers are cashing in on shifting trade flows and long-haul demand, while product tankers are still slogging through refinery overcapacity and thin margins on diesel and jet fuel.

The timing is no accident. OPEC+ keeps fiddling with quotas, Russia is staring down another round of sanctions, and the U.S. Gulf remains a magnet for barrels. 

Every rerouted cargo adds miles, and in tanker math, miles equal money. 

A Suezmax hauling Nigerian crude to Houston suddenly looks a lot more profitable when Europe leans harder on the U.S. for barrels and Asian refiners juggle Russian supply with political risk.

Of course, freight rates are fickle. A few weeks of bad weather or a lull in exports can knock the air out of the market. 

But the August bounce suggests there's still plenty of life left in crude carriers, especially when geopolitics are forcing barrels onto longer, pricier voyages.

So yes, refinery margins might keep product tankers grounded for now. 

But on the crude side, owners are back in the driver's seat — and traders know it.

By Julianne Geiger for Oilprice.com

Tuesday, September 9, 2025

US Tariff Revenue : Update

US tariff revenue surged to a record +$30 billion in August, the 6th consecutive monthly increase.

  • Tariff revenues averaged ~$7 billion a month before new tariffs began in April, meaning ~$23 billion last month came from new tariffs alone.
  • At this pace, annual tariff revenue could exceed $300 billion, a +400% jump from 2024.
  • If applied to the deficit, tariffs revenue could lower the annual budget deficit by ~$300 billion.
  • Tariff revenue is soaring.

📊 US DOE EIA STEO

Friday, September 5, 2025

USA Policy Update - Sept 5

G20 MEETING
- Trump: We will discuss G20 soon.
- Trump: I will host 2026 G-20 in Miami.
- Trump: G-20 at my Doral golf course.
- Trump: G-20 to focus on unlocking affordable energy.
- Trump: to invite Poland to 2026 G-20.
- Trump: would love if Xi, Putin attended G-20.
- Xi, Putin Will Observe/Attend G-20.
- Trump: will consider Russia at 2026 G-20.
- Trump: Vice President Vance will take my place at this year G-20.
- Trump: We want to get along with other countries.

RUSSIA SANCTIONS
- US and EU to discuss new Russia sanctions on Monday.

UKRAINE/RUSSIA
- Zelenskiy Declines Putin Invite for Meeting in Moscow.
- Zelenskiy: Putin can come to Kyiv.
- Trump: Ukraine war will end, or there'll be hell to pay.

CHINA DRUGS
- Trump: China, what they're doing with fentanyl is a terrible thing. It's coming through Canada.

HOSTAGE DIPLOMACY
- Senior US Administration Officials: penalties can include sanctions, export controls and exclusion from the US of those responsible for detentions.
- Senior US Administration Officials: Those who refuse to comply with new US policy could see their economies crippled.
- Senior US Administration Officials: Nations in the past that have participated in hostage diplomacy include China, Iran, and Afghanistan.
- Trump signs EO authorizing penalties against countries complicit in holding wrongfully detained Americans.

FED INTEREST RATES & CANDIDATES
- Trump: Interest rates are excessively high.
- US Treasury Secretary Bessent does not want Fed job.
- Trump: Fed candidates are Waller, Warsh, & Hassett



🌀 Hurricane Watch : Atlantic 🌀

For : WTI Crude Oil Traders
Notes : It's currently a Tropical Storm that skewed its course a bit more toward The Gulf of America past couple days.

True Size Of Africa