Topic
Who Actually Moves a Barrel of Oil? Brokers in the Commodity Chain
Producers, hedgers and speculators never meet. A layered cast of intermediaries connects them — and each layer takes a small toll.
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Topic
Freight Rates and Commodities: What Shipping Costs Signal Before Prices Move
Cargo rates often reprice before the commodity itself does. Here is how the signal works, and where it breaks down.